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Trend Line Break

GOLD → Support retest within the triangle before the news...FX:XAUUSD continues to be under strong pressure from sellers on the back of a strong dollar. The market failed to overcome the 2325 area and is heading for a support retest. Ahead of the news (Core Retail Sales, Retail Sales), increased volatility is expected. Traders are expecting neutral-bullish data against the US market. If the figures are higher than expected, gold may head lower. The technical and fundamental background for gold is negative, there is no strong buyer in the market yet, the rising dollar does not allow traders to take premature steps. The focus is on consolidation boundaries, a breakout of one or another boundary or level may trigger strong sell-offs (or buys). Resistance levels: 2315, 2325, 2340 Support levels: 2305, 2295, 2287 The chart and fundamental background speaks for itself. The news may have a temporary bullish impact on the market, but I don't think it can turn the market around under the current circumstances. The overall bearish background for gold is likely to continue this time around. Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
EURCHF → A safe CHF could lead to a fall in the pairing OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95 After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR. The reason for the strong fall of the currency pair is the strong Swiss franc, which is getting stronger on the background of growing risks of recession in Europe, because in this case the Swiss franc plays the role of a hedge asset. The situation is such that determines the medium-term potential. The currency pair may continue to decline after the breakout and consolidation of the price below 0.9677. In addition, the decrease in the ECB interest rate is also a favorable background Resistance levels: 0.9738 Support levels: 0.9677 I expect that a retest of the support may lead to a breakout of the level, which will provoke a strong sell-off in the market. Regards R. Linda!
Short
by RLinda
1
XAU - GOING SIDEWARD BUT STILL IN DOWN TRENDGold rose to around the $2,320 per ounce mark on Monday, rebounding from declines in the previous session, as investors awaited a series of economic reports and comments from Federal Reserve officials throughout the week to gauge the Fed’s interest rate cut timeline. Key focal points include the US retail sales data scheduled for later today, weekly jobless claims on Thursday, and Friday's flash purchasing managers' indices, all of which offer insights into consumer spending and economic strength. Gold maintains the small frame sideway zone, the price tops create consecutive false breaks 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Note: Zone 2300 ⛔️Breakout: 📈 Breakout on: 2326 - 2341 📉 Breakout below: 2312 - 2305 🔼Support: 2305 - 2300 - 2291 - 2286 🔽Resistance: 2330 - 2340 - 2350 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Scalp - Gold goes sideways on US holidaysGold held steady around the $2,330 per ounce mark on Wednesday after declining in the previous session, as softer-than-expected US retail sales data strengthened expectations of imminent Federal Reserve rate cuts. Retail sales in the US rose by 0.1% in May, following a revised 0.2% decline in April, missing the 0.2% forecast and signaling cooling consumer sentiment. Meanwhile, Fed Bank of New York President John Williams stated on Tuesday that interest rates will gradually decrease but did not specify when the central bank will begin easing monetary policy. Investors are now focused on weekly jobless claims due Thursday and flash purchasing managers' indexes on Friday for insights into consumption and economic strength. The price line has not changed yet. Although yesterday's news contributed to the rise in Gold, today's slight increase could still continue despite the Bank Holiday and important GBP News in the European session. H4 price range is getting smaller 2334-2306 waiting for a break. But with bank holidays, you should be more careful to avoid false breaks. 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Note: Zone 2300 ⛔️Breakout: 2334 - 2305 🔼Support: 2324 - 2315 - 2306 - 2300 - 2291 - 2286 🔽Resistance: 2334 - 2340 - 2350 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Jayant Agro - A Positional PickAbout the company - The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals. The group is the leading player in India for the castor oil and castor-oil based derivative products. Group has over 5 decades of experience in castor industry. Technical Parameters 1- the price gave a Breakout of Accumulation Range 2- intensity of volume is good at the time of breakout (suggests strength) 3- price looking to reach again at its all time high as monthly time frame suggests uptrend continuation 4- Price formed Flag N Pole chart pattern. 5- All the supporting indicators such as MACD, RSI, Bollinger Bands, are in good mood and suggestion longs. Trade Plan -- we can enter at Current Market Price and add when stock give some dip. -- safe traders can wait for a dip of 5-10% -- Stop loss is mentioned in chart as around 211 -- As there is a breakout of Flag N Pole Chart pattern, we can expect targets as the length of Pole which is around 550-570. Disclaimer- I am not SEBI registered. All the idea shared on this channel are for educational purpose. Consult your financial Advisor for any kind of investment. Thank you KARAN DINGRA
NSE:JAYAGROGN
by KARANN_DINGRA
3
AUDUSD Multiple Rejections of Support In this analysis, I'm examining a consolidation pattern. Price is showing signs of rejection, and therefore has the potential for (temporary) long positions. AUDUSD has been consolidating within a rectangle pattern (on the 4-hour chart) for some time. Price has previously rejected support on multiple occasions, suggesting it may do so again. We have observed a long-wick candlestick rejecting the key level of support and a breakout of the downtrend line. I will be closely monitoring price for a trend change confirmation, specifically looking for higher highs and higher lows. --- At Forexity: my trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
Long
by Forexity
1
GOLD → Is the market bearish and preparing for what?FX:XAUUSD has been facing strong bears since the opening of the session. The price returns under 2325 and forms a consolidation. Earlier there was a retest of a strong resistance area. The market is still bearish For the gold market the area of 2325 plays a key role at the moment. Bulls are not yet ready to overcome this area on the background of strong dollar and weak fundamental background for the metals market. A retest of 2325-2340 resistance is possible before further decline. As the market is still bearish and consolidation is forming, liquidation of buyers may follow in the nearest future. The prospective target is 2305-2290-2275. There is no news today, fundamental and technical background is negative. Resistance levels: 2325, 2340, 2356 Support levels: 2315, 2305, 2295 Technically, gold may test the local lows or even update the interim lows. There is still no strong buyer ready to fight against the whole market. The price is trading in a bearish range. Regards R. Linda!
FX:XAUUSDShort
by RLinda
9
SFPUSDT → Waiting for a bullish RALLY from 0.8650BINANCE:SFPUSDT shows a beautiful bullish picture. An interesting coin that has been accumulating potential for two years and currently shows bullish prerequisites for a possible growth or even a rally. The coin continues to push towards 0.8137, a liquidity area that plays a key role in the market. Consolidation continues, but based on the overall situation, the denouement is close enough. It is worth paying attention to the resistance of the ascending triangle on the daily timeframe: 0.8630 - 0.8650. Breakout and consolidation of the price above the key figure can become the reason for activation of the phase of realization of the accumulated potential, which can give us the growth to 1.10, 1.32, or 3.1. Support levels: 0.8137, 0.7500 Resistance levels: 0.8629, 1.0, 1.3238 The movement is slow, lagging behind the entire cryptocurrency market, but shows interesting prerequisites for a possible bullish momentum. Targets are indicated on the chart Regards R. Linda!
Long
by RLinda
4
AUDUSD → False breakdown of resistance. Ready to go down?FX:AUDUSD is forming a false break of the range resistance, but the market continues to struggle between traders. The focus is on the risk zone, the breakout of which will send the price flying downwards. The trend is neutral, after a long-range retest of 0.66676 resistance a false breakdown is formed and the buyer has no potential to go up. A retest of the local maximum is possible, but all the emphasis is on the support at 0.6648. A break of this area will be a confirmation of the buyers' loss, as well as a break of the local uptrend, which will provoke the formation of a strong bearish impulse. Resistance levels: 0.6668, 0.6715 Support levels: 0.665, 0.6558 Most likely, the buyers' strength will not be enough to pass the mentioned resistance from the first time. At the moment the seller is pushing the market and if the key support area is broken, the market will change its local mood Regards R. Linda!
Short
by RLinda
13
GBPUSD Retest before continuing to the downsideI anticipate price will retest (to at least) the recent ascending channel lower band breakout, before continuing to the downside. --- At Forexity: my trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
by Forexity
GOLD → Open gestalt 2280 but the price goes up, what's next?FX:XAUUSD closed last week in the plus side despite the negative fundamental backdrop, but the focus is on the consolidation that the price is in. Previous patterns indicate that consolidation, amid a bear market, could be followed by buyers liquidation, but there is always a BUT!!!! Relevant, gold is closing in a pat range of 2340-2325. . The market doesn't know where to move yet. So the big question is: where will the price go on Monday? The general background is bearish, accordingly, the pressure from sellers continues. Technically: If the 2340 resistance is broken, the price will head towards the descending channel resistance. BUT, if the support is broken, the new trading week may start with a decline towards 2300. From a fundamental point of view, gold has no support China has temporarily reduced purchases. But at the same time, a rather hot conflict in the Middle East and Eastern Europe may support the gold price. Against the backdrop of the rising dollar, gold traders may intensify the sell-off of the asset and strike another blow to the buyers who appeared in the range of 2290 - 2325. There is not much news in the coming week, but the focus is on: CPI (eur), Core Retail Sales & retail Sales, Initial Jobless Claims, S&P PMI and Fed Monetary Policy. The data is expected to be relatively lukewarm for the dollar, but the situation changes daily. Resistance levels: 2340, 2355 Support levels: 2325, 2305, 2290 Technically, the market maker has not yet reached the key liquidity below 2380, there are no strong and obvious preconditions for the medium term, it is worth paying attention to the daily price behavior. Regards R. Linda!
OANDA:XAUUSD
by RLinda
7
XAUUSD - GOLD Zone 2322 rebounded💵GOLD PRICE AND ECONOMIC INFORMATION Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first time in nearly two years, while producer prices unexpectedly declined. Analysis: Gold is currently stuck in the price range Current gold range: 2340 - 2295 Between the 2 EMAs of frame D. Large frame H4 shows a clear selling trend 🔴SELL GOLD: 2340 - 2342, SL: 2346 🟢BUY GOLD: 2307 - 2305, SL: 2301 ⛔️Breakout: 📈 Breakout on: 2340 📉 Breakout below: 2312 🔼Support: 2312 - 2305 - 2291 - 2286 - 2280- 2274 🔽Resistance: 2338 - 2340 - 2350 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
NOT ▵ → Is a rally possible now? Why is 0.020 so important?BINANCE:NOTUSDT breaks the resistance of the descending wedge (bullish set-up) and forms consolidation inside the range 0.0169 - 0.0199. A retest of support or the previously broken pattern boundary before rising is possible. NOT under dump, after a strong rally, has eliminated some traders and may strengthen at the moment after the bulls hold the defense above key support and liquidity zones. The coin is in a consolidation stage after exiting the descending range. The market's transition to the stage of active strengthening and growth may be a breakout and consolidation of the price above 0.0188 - 0.0199. The potential of the coin both technically and fundamentally is quite tempting, but everything depends on the bulls. Resistance levels: 0.0188, 0.0199, 0.023 Support levels: 0.0169, 0.0153 Since the price is inside the range, for an active price action the price must overcome one of the boundaries, the most likely scenario is a retest of the support (false breakdown) before further growth. Regards R. Linda!
Long
by RLinda
13
Will we see a price break attempt again on ETH?Hello everyone, I invite you to review the chart of ETH in pair with USDT, on a four-hour interval. As we can see, the price has risen from the first channel of the downward trend, then we can see a break from the local upward trend line and now we can see the second channel of the downward trend, Currently, the price has bounced off the support at $3,495, but remaining in the descending channel, we may see the price drop to the support at $3,179. Going further, we have a very strong support zone from $2,954 to $2,678. Looking the other way, you can see how the price remains in front of a strong resistance zone from $3,645 to $3,814, then there is resistance at $4,098, and then we have a very strong resistance at $4,560. Looking at the RSI indicator, you can see that we are entering the upper part of the range despite a slight price movement on the chart, while the STOCH indicator shows that we are exceeding the upper limit, which may still result in another attempt at price recovery.
by cryptodailyuk
AU D Buy Idea 5/8/24Daily bearish trendline has broken and is now being retesting, so I am now looking at buys. There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish. This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Long
by cecedidit
2
GOLD → Retest of resistance before possible decline to 2290FX:XAUUSD is forming the range of 2325 - 2290. In general, the market is bearish and the local bullish distribution that happened since the opening of the session may lead to a false breakdown and further decline Today at 15:00 GMT Fed Monetary Policy Report. I think it is worth paying attention to the Fed comments. As for Gold. All attention to the resistance area of 2315-2325. Most likely we should wait for a false breakdown, at the moment there is no potential to go up against a strong bear market. Against the background of the growth of the dollar index gold traders can strengthen the sales of gold. Consolidation of the price (after the false breakdown) below 2325 or below 2315 may lead the market down to 2300-2290. Resistance levels: 2325, 2340 Support levels: 2315, 2305, 2291 Friday may end with the price testing the resistance and returning to the boundaries of the sideways range, i.e. to the flat state. Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
EURUSD → The currency pair may lose up to 2.5% ↓FX:EURUSD is testing the 1.0884 resistance again after breaking the local channel. But it does not lead to success, as the bears are not letting the price up yet amid the complex fundamental environment. Technically, the currency pair is under a strong resistance zone. The limit level of 1.0884, formed by a big seller, continues to have a negative impact on the price. EURUSD may test 1.0802 in the near future. It is necessary to monitor the price reaction to this area. A quick retest or consolidation could be a prerequisite for a downside breakout and further fall to the lower boundary of the global range at 1.0606 Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 I expect that the bears will continue to dominate the market on the background of the expensive dollar, which may lead to the fact that the currency pair may lose up to 2.0-2.5% of its value. Regards R. Linda!
Short
by RLinda
7
SAIL - Reversal pattern in action!Monthly Time Frame: Overview & Observation: 1. CHange in price structure from LL-LH to HH-HL 2. Good volume support 3. Bouncing from weekly demand and fib support zone. 4. Expected to continue to move higher. 5. Earnings are weak though! Trade Plan: 1. Entry = cmp 154 2. Stop Loss = 10-12% 3. Target = 40% - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:SAILLong
by SuperNova396
2
GOLD PRICE DECREASES LAST SESSION💵GOLD PRICE AND ECONOMIC INFORMATION Gold held steady above the $2,300 per ounce mark on Friday, on track for its first weekly gain in four weeks after falling over 1% in the previous session, as investors assessed softer-than-anticipated US inflation figures against the Federal Reserve’s updated interest rate projections. Thursday's data showed that the US PPI unexpectedly fell in May amid lower energy costs, indicating that inflationary pressures continued to subside. This followed cooler-than-expected consumer inflation data released last Wednesday. However, the latest dot-plot projections from FOMC members revealed that, on average, they anticipate only one 25 basis point rate cut this year, with four members forecasting no cuts at all. ✉️Deekop's Analysis: After the FOMC and CPI forecasts as expected, gold increased slightly to 2340 and fell in line with the FOMC's good USD direction. Today's milestone 2304-2308 is quite important. Gold will grind to break this mark if it wants to create a downward trend to conquer the 2291-2267 mark. 🔴SELL GOLD: 2319 - 2321, SL: 2325 (Sell retest dow + down vol) 🔴SELL GOLD: 2336 - 2338, SL: 2342 🟢BUY GOLD: 2282 - 2280 SL: 2276 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2305- 2291 - 2286 - 2280 🔼Support: 2305 - 2291 - 2286 - 2280- 2274 🔽Resistance: 2317 - 2321 - 2325 - 2333 - 2338 Deekop's daily plans all achieve fixed profits GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
GOLD → Shakeout and false breakdown of 2325. PPI aheadFX:XAUUSD rises to 2340 on the back of yesterday's CPI and Powell's comments form a shakeup in the market and the price of the metal drops to 2308, forming a false breakdown of the key liquidity area of 2325. Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%, but it all depends on the actual data. Mind you, yesterday the market got a CPI of 3.3%, versus the expected 3.4%. But Powell did not say anything interesting in the change of views and still sticks to the hawkish side. Technically, gold is breaking local upside support and forming a consolidation below 2325. If the data is bullish for the dollar, gold could continue to fall towards 2290-2265. Resistance levels: 2325, 2340 Support levels: 2305, 2291 Technically gold is showing weakness, but it reacts quite strongly to any small positive news. The whole emphasis on today's news, if the fundamental background remains negative, we will consider the targets below, if there are hints of a change in the background, we can consider price growth to 2340-2355. Regards R. Linda!
FX:XAUUSDShort
by RLinda
25
GOLD → CPI and FED. What to expect from the market? FX:XAUUSD is stopping after correction, traders are afraid to make premature decisions as news is ahead. A consolidation below 2315 is forming. False break of support leads the price to retest 2310-2315, after which traders take a breather before the news. All eyes remain on the upcoming big events, CPI and Fed. Key US CPI data will help shape the Fed's view on interest rates, which will significantly impact the value of the US dollar and gold prices in the near term. The market is expecting neutral (no change) data, which could generally keep the same fundamental backdrop. But, all eyes are on the actual data as the market is still confused by last Friday's higher NFP than expected. Nevertheless, any initial reaction to the US CPI data may be temporary as gold traders will quickly switch to the FOMC & FED meeting. Resistance levels: 2315, 2325, 2354 Support levels: 2305, 2291, 2267 Technically and fundamentally, gold is weak at the moment. On the background of high volatility, the price may try to break through 2325 and test the liquidity area of 2335-2345, then move to the decline phase, if the fundamental background is suitable for this. Risks of further decline are quite high, but the coming news can both strengthen this decline and break the market structure. Regards R. Linda!
FX:XAUUSD
by RLinda
13