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Trend Line Break

GOLD → The bulls are back, the market is recovering. Is it 2400?FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end of the correction, after fixing the price above 2300 the market allowed us to get an impulse of almost 700 pips and test the area of 2378. At the moment the market is still bullish. The favorable fundamental and technical background, together with the fall of the dollar index continues to motivate buyers. After updating the local high of 2378, a stop and correction is formed. The price may reach 2350-2340 before continuing its way up. Resistance levels: 2378, 2400, 2417, 2431 Support levels: 2350, 2340, 2327, 2316 2350 plays an important role as it divides the chart into bullish and bearish area. A false breakout is possible, but in general we should watch the price reaction to the liquidity area. Also, the zone of 0.382 and 0.5 Fibo is important. The market is bullish and it is worth prioritizing long positions Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
Will XAUUSD come back or continue to increase strongly?World gold prices last week mainly maintained a recovery trend. At the beginning of the trading week, precious metal prices were listed above 2,300 USD/ounce and spent most of the trading week in the range of 2,310-2,330 USD/ounce. During the trading session on May 10, the world gold price at one point recovered to 2,375 USD/ounce. However, the upward momentum did not last long, causing the gold price to fall by 15 USD and end the weekend session at 2,360 USD/ounce. Over the past week, precious metals increased by 2.5% thanks to US employment data supporting dovish views on monetary policy. In addition, military tensions are increasing in both the Middle East and Ukraine; At the same time, data also shows that gold demand from central banks and other needs are all on the rise. Experts assess that gold is still receiving positive support in the coming time as more and more central banks appear willing to lower interest rates, thanks to the above factors. Kitco News' latest weekly gold survey finds industry experts are bullish on the precious metal.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Will gold come back or continue to increase strongly?World gold prices tend to increase with spot gold increasing by 3.2 USD compared to last week's closing level to 3,362.9 USD/ounce. Last week, the yellow metal posted modest gains as expectations that the US Federal Reserve (Fed) would loosen policy this year increased following weak economic data. Experts say that next week is an important time to decide whether gold will reach a new record or not when the market receives the April consumer price index and producer price index reports. Recently, The Fed emphasized that America's inflation war is not effective when inflation is still much higher than the target level of 2%. In addition to the consumer price index and producer price index, this week the market will wait for the US retail sales report, the number of weekly unemployment benefit applications, and the statement of Fed Chairman Powell in Amsterdam. According to Larry McDonald, founder of the Bear Traps Report, the US is in a persistent inflation war, where all asset classes will see "significant" revaluations and as Therefore, capital flows in the market will gradually shift to hard assets. “This is the time when the Fed takes action, which creates a bullish scenario for hard assets,” he said. McDonald believes that some metals have significant price increases and predicts gold prices will reach $3,000-3,500/ounce in the next 12-18 months.
TVC:GOLDLong
by FalCol_TradingMaster
GOLD → The correction is ending. Rally to 2400FX:XAUUSD is moving from the consolidation phase, to the phase of realization of accumulated potential and rallying to 2400. The price enters one of the key ranges. The fourth wave of correction is coming to an end and a rally within the V wave is being formed. The potential target could be 2400-2550. The price is returning to the range of 2398-2362. If the bulls keep the price above the 2362-2352 area, it will confirm their intentions and open the way to 2400-2450. Fundamentally, gold has a good potential on the back of the falling dollar index Resistance levels: 2382, 2398, 2417 Support levels: 2362, 2352 Within the framework of the bullish wave after the rally may be followed by a small correction or consolidation, but the bullish movement and the trend as a whole may get its continuation. Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
Arlo Macro Bullish Case + Ascending Channel trade setupHi Guys. As always im on the look out for Macro opportunities in assets with market structure or patterns that scream "Pay Attention to me". One that stood out to me was ARLO. This analysis is on the 1 week timeframe. Notice the Orange rectangle. This zone is a MAJOR Support/ Resistance zone. When Arlo went Public, we started ABOVE this zone. Then made our way to the zone, attempted to maintain SUPPORT but eventually fell through and most of price action stayed Below the Zone since 2019. We had many attempted to test the Zone and try to breakout with little to no luck in: 1. Feb 2021 2. Dec 2021 3. Feb 2022 4. July 2023 5. Sept 2023 UNTIL RECENTLY in March we made our way ABove this zone We then came down to the bottom fo the zone and confirmed Support. With our current weeks candle up 11% indicating a BUllish Engulfing candle and MAJOR DEMAND. I believe we are now on our way to test the Upper resistance limit of the Blue Ascending Channel that Arlo seems to be in. After which we will attempt a Major Support test of the Zone. Its also IMPORTANT to note, Above the zone, very little data exists. Meaning that theres very little resistance Above. This could fuel an extended Bull run for ARLO to New Highs. But keep in mind specific signals or signs are needed. Keep an eye for updates on further signs/ clues to take into consideration to help us make informed decisions! __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ARLO in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:ARLOLong
by SafofAllTrades
GOLD → Consolidation continues. Support retest before growth FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the correction. But, a rebound from the strong resistance of 2328 is being formed. The price continues to trade within the consolidation and at the moment the whole emphasis is on the support retest. Whether it will be a breakout or a false breakout will only show the market reaction, but against the background of the general trend and potential there is a high probability to see a rebound and growth to 2328. Resistance levels: 2328 Support levels: 2300 The situation is stalemate and it is impossible to determine the movement in advance, it is worth watching the market reaction to certain key zones. Since the price is still inside the range, it is worth considering trading inside it Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
BITCOIN - Why is there no growth after halving? BINANCE:BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500 - 60000K. The key level below which there is a huge pool of liquidity is 59300-59500, there is a high probability that Bitcoin can test this area before further growth. I am expecting a rise because Bitcoin's technical and fundamental components look very promising: Bullish trend, liquidity gathering at the expense of sellers (potential for growth), buyers are very confident to keep the price in the range, introduction of BTC-ETF in Hong Kong, which will only attract new investors and their money. Resistance levels: 64550, 65500, 67300 Support levels: 61500, 60200, 59300 Within the range you should consider the appropriate trading style (bounce or false breakout). Don't forget to watch the price reaction to strong levels and zones. The outlook is still bullish. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
163
Gold turned up again, entry buy todayGold prices today jumped sharply after a number of major central banks decided or signaled their readiness to cut interest rates in the future. In Sweden, the country's central bank cut interest rates by 0.25 percentage points to 3.75%. The Bank of England (BoE) announced to keep interest rates unchanged at 5.25% and hinted at an upcoming interest rate cut when inflation falls below target. Gold prices today also have more upward momentum thanks to increased demand for safe haven capital. The cause stems from the deadlock in ceasefire negotiations between Israel and Hamas after Israel continued to attack Rafah, increasing the pressure of geopolitical risks. With the above picture, investors may expect the gold market to heat up. So they increase their purchasing power. Gold price today increased sharply by 42 USD, from 2,306 USD/ounce to 2,348 USD/ounce at 6:00 a.m. on May 10.
TVC:GOLDLong
by FalCol_TradingMaster
Today's trading trend, waiting to buyWater was at 2,353.1 USD/ounce, an increase of 30.8 USD compared to yesterday morning. The weakening of the USD has strongly supported the upward trend in the price of the yellow metal on May 9 (US time). Specifically, the US Dollar Index decreased by 0.32% to 105, increasing the appeal of gold to buyers holding other currencies. FXStreet editor Joaquin Monfort said that gold prices rose higher "after a number of major central banks decided to cut interest rates or signaled a willingness to cut interest rates more in the future." Lower interest rates reduce the "opportunity cost" of holding gold, a non-interest-bearing asset, making it a more attractive investment. Specifically, in Sweden, for the first time since 2016, Riksbank has cut interest rates by 0.25% to 3.75%. In the UK, the Bank of England (BOE) announced to keep interest rates unchanged as many people predicted, but signaled that it will cut interest rates in the near future. The Swiss Central Bank, the Reserve Bank of Australia (RBA) and the European Central Bank have also made similar moves.
OANDA:XAUUSDLong
by FalCol_TradingMaster
BTC Selloff Warning: How to Buy BTC at $40k this 2024 before DecOver the next five months, from May to September, Bitcoin is poised to undergo what I term the "BTC after Halving effects." This phase is not only anticipated to test Bitcoin's resilience but also challenge the resolve of weak holders, as the current price is likely to experience a pullback. However, the extent of this pullback remains uncertain, especially with the introduction of ETFs into the picture. It's a scenario that hasn't been witnessed before, particularly post-halving, but the positive reaction observed in 2024 following ETF approval is encouraging. Nonetheless, given the nature of market makers and their potential to exploit post-halving effects, it's prudent to anticipate certain support levels. While the last support level is more of a worst-case scenario, it's wise to be prepared for a pullback to around $48,000. Here are the support levels to monitor, presenting buying opportunities: 1. $49,046 - $45,905 2. $40,359 - $38,722 3. $31,892 - $25,711 These support levels should be closely watched to capitalize on any potential buying opportunities. The anticipated major pump is expected to commence from October to November 2024. my post in April highlighted this warning before it all began
BINANCE:BTCUSD.PShort
by MachiavelliTrader
2
Trading strategy today, gold cools downGold prices continued to fall in today's trading session, receiving little support from safe-haven demand as recent comments from US Federal Reserve (FED) officials showed the market was skeptical. Doubtful expectations of interest rate cuts. The yellow metal saw some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little progress. However, safe-haven purchases were offset by pressure from renewed concerns about high US interest rates as well as the dollar's recovery. Prices for the yellow metal received little support from the dollar's recent decline, as the greenback rebounded on Tuesday after some Fed officials said the central bank was more likely to hold steady interest rate in 2024. This view was voiced by Minneapolis Fed President Neel Kashkari on Tuesday and caused traders to rethink some expectations for interest rate cuts this year. Expectations for a rate cut in September rose after weak payrolls data last week. But Kashkari and his colleagues say tough inflation remains the main point of contention for the Fed. The prospect of higher long-term US interest rates is not a good sign for gold because it pushes up the opportunity cost of investing in the yellow metal.
TVC:GOLDLong
by FalCol_TradingMaster
Gold cools down, entry buy nowWorld gold prices stabilized with spot gold down 6.3 USD to 2,307.6 USD/ounce. Gold futures last traded at 2,316.1 USD/ounce, down 6.2 USD compared to yesterday morning. World yellow metal prices decreased slightly compared to yesterday morning as investors continued to wait for US data to find clues about the possibility of cutting interest rates by the US Federal Reserve (Fed). The recovery of the USD also puts slight pressure on gold. The US Dollar Index rose 0.1%, making gold less attractive to foreign currency holders. According to analyst Peter Fertig, what the market is currently concerned about is the timing of the Fed's interest rate cut this year. He said that if inflation does not really decrease, the Fed will still keep interest rates unchanged. In his statement mid-week, Minneapolis Fed President Neel Kashkari gave a "hawkish" view on monetary policy, saying that the US Central Bank may keep interest rates high for a while. longer. Investors are now looking forward to the results of the University of Michigan's consumer sentiment survey due out on Friday and comments from multiple Fed officials this week. US consumer price index data will be published on May 15 (US time).
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD → Consolidation continues. What's next, 2400 or 2200?FX:XAUUSD is testing the resistance of the range, the market maker is capturing liquidity around 2328 and is not ready to let the price go yet. Trading inside 2328 - 2300 continues. On Sunday we discussed the bullish trend, correction and the fifth wave that may get its start after the end of the correction. Yesterday price tried to form a confirmation of the end of the correction, but 2328 was not broken and trading in the correction phase continues. A retest of the range support is possible before a further rise to resistance. There are two risk areas that will affect the medium term: Breakout of 2328 and consolidation above the level will confirm the readiness to go up to 2382. A break of 2300 and consolidation below the level will confirm the readiness to go down to 2267 Resistance levels: 2328, 2344, 2352 Support levels: 2305, 2300, 2295 Trading within the consolidation range continues while the dollar is also standing still. At the moment it is worth considering trading inside the range, and when breaking through one or another boundary to take the principles of trading in the breakdown. Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
EURUSD → How will NFP affect the pair? Down to 1.0600?FX:EURUSD is facing strong support at 1.0600. A rebound and counter-trend correction within the downtrend is forming. Traders are waiting for Friday's NFP Globally, the currency pair is in a bear market phase. There is a strong struggle for the 1.0700 area, especially ahead of Non Farm Payrolls, which may determine the medium-term outlook. Traders expect the NFP to be lowered to 238K, compared to the previous 303K. On the background of high news volatility, the price may test the liquidity zones above the price before continuing to fall, as the general background for the currency pair is still negative. Resistance levels: 1.07365, 1.0800, 1.08643 Support levels: 1.0703, 1.0606 Based on the general data there is a probability to see a positive NFP for the dollar, which in general will continue to have a negative impact on the currency pair. But the problem with economic news is still that it is high uncertainty. Regards R. Linda!
Short
by RLinda
3
Trading strategy today, wait to buy goldWorld gold prices went down when some US Federal Reserve (FED) officials said that inflation in the US remained high and interest rates could remain the same for a longer period of time. Responding to this information, the USD-Index increased 0.26% to 105.42 points. Accordingly, the USD increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position. Meanwhile, analysts say that US bond interest rates remaining at high levels have become attractive to investors. Since then, many people have limited capital into the gold market. Today's world gold price is forced to weaken.
TVC:GOLDLong
by FalCol_TradingMaster
Gold continues trend down, selling now waiting for entry to buyWorld gold prices turned down with spot gold down 9.1 USD to 2,313.9 USD/ounce. Gold futures last traded at 2,322.4 USD/ounce, down 8.8 USD compared to yesterday morning. World gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September. Although prices are pressured by the outlook for interest rates, StoneX analyst Rhona O'Connell sees tailwinds for gold, especially regarding geopolitical risks and potential tensions. hidden in the banking system, strong enough to support this precious metal. In mid-April, world gold prices touched a record high of $2,431.29 an ounce as they were boosted by strong demand from Chinese central banks and retail investors amid tensions. Geopolitics is on the rise. Recently released data shows that the Central Bank of China recorded the 18th consecutive month of additions despite high gold prices.
OANDA:XAUUSDShort
by FalCol_TradingMaster
💡 GOLD: Narrow the marginThe price retested the 2280 resistance level again in the last session but could not break this resistance level. The price is currently being compressed at the end of the triangle pattern. Please pay close attention to the next price behavior. . We temporarily divide into two cases: Firstly, if the price breaks below 2280, the price may follow the previously formed double top reversal pattern, towards the 2200 mark, at which point you can consider adding short positions outside of existing sell order; Second, if the price breaks above the triangle pattern, which confirms the possibility of returning to the uptrend, we need to close existing short positions, paying attention to the 2360 level, buyers can return to the market. market if this resistance level is broken.
TVC:GOLD
by Stone_Haven
Entry to sell Gold today, risk of big decreaseAnalysts said that although gold recorded its second consecutive week of decline after a 5-week recovery streak, in general, investor sentiment still remains optimistic about the precious metal. According to analysts' opinions, the US Federal Reserve (Fed) is clearly expressing its view that it will no longer be tough in monetary policy from now until the end of 2024. Specifically, in a recent press conference Recently, Fed Chairman Jerome Powell made it clear that the US Central Bank has no intention of raising interest rates. In addition to monetary policy factors, experts also believe that the demand to buy gold from central banks is also one of the decisive factors pushing gold prices to a new record high. World Gold Council (WGC) global research director Juan Carlos Artigas said that gold has proven to be the most diverse financial instrument, which is why central banks continue to hold gold.
TVC:GOLDShort
by FalCol_TradingMaster
There is a risk of decline, entry sell Gold todayWorld gold prices increased with spot gold increasing by 20.3 USD to 2,323 USD/ounce. Gold futures last traded at 2,332.8 USD/ounce, up 24.2 USD compared to yesterday morning. The gold market entered the new trading week with solid gains, boosted by the weakening of the USD. The US Dollar Index fell to its lowest level in about a month as a recently released report showed that the US job market is weakening, which has increased expectations that the US Federal Reserve (Fed) will interest rate cuts this year. ActivTrades senior analyst Ricardo Evangelista said that the number of jobs created last month was much less than experts forecast, combined with slowing wage growth, which will cause the Fed to consider easing. monetary policy this year. According to the FedWatch tool, after the report, the market increased the likelihood that the Fed will conduct the first interest rate cut in September to 71%. Evangelista said that investors will wait for statements from some Fed officials this week to get more clues about the monetary policy trajectory of the US Central Bank. This expert also said that tensions in the Middle East will be a factor supporting gold this week.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD → End of correction? Up to 2380?FX:XAUUSD is strengthening after Friday's shakeout due to NFP, amid the dollar's decline. Possible retest of the liquidity area, with the aim of changing the trend. On H4 the price breaks the resistance of the wedge, formed within the corrective wave. The bulls are trying to hold above 2300, since the opening of the session the price strengthens to 2320 and makes an attempt to break the figure, which in general may mean the end of the correction. The price consolidation above 2328 will be a confirmation of the bulls' intention. In the near future the market may move to the phase of realization of the accumulated potential. Resistance levels: 2328, 2352 Support levels: 2295, 2277 Technically and fundamentally there are many preconditions for possible growth. The main task is to wait for a retest of the resistance at 2328 and further market reaction. A false breakdown and a small correction before further growth may follow Regards R. Linda!
FX:XAUUSDLong
by RLinda
7