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GOLD → When will the price come out of consolidation?OANDA:XAUUSD closed the trading session with a bearish candlestick on Friday. The asset loses 0.8% for the week, but at the same time it continues to stay inside the range between the strong boundaries of 2067 and 2010. Pic: Uptrend in the market. Price is testing trend support The dollar continues to strengthen, testing support as part of the correction and apparently preparing for further growth, which may temporarily have a negative impact on gold. But, if you look closely, technically, gold, on the background of increased interest feels quite confident and the market is trying not to succumb to strong manipulations on the part of the growing dollar. On Friday XAU is testing the ascending support again, the session closes below the line, but it is a weak signal within the flat. The 2015 level may influence the sales, but only if this area is broken. At the moment, there are no signs that the market will break 2015.6 in the near future. We need to wait for the retest of this support and see how the price reacts. But based on the fact that 2015.6 is a strong liquidity area, gold will not be able to break this area the first time. Pic: Gold range on H1-H4 The chart above shows the current range. The price has not yet managed to update the local lows, as well as the highs, as evidenced by the neutrality of forces between buyers and sellers. Against the background of the local situation: dollar growth, negative fundamental background for gold, we can determine that in the coming week gold may test flat support before further rebound (or false breakdown), after which the price may continue trading within this range. The reason for continued consolidation: there is no strong news in the market, the dollar continues to rise as the Fed is not looking to cut rates anytime soon, but buyers are actively trying to contain the declines in gold. The interest in gold is also affected by the interest of the world central banks, as well as the geopolitical crisis, as well as rumors of a banking crisis in the United States. Regards R. Linda!
OANDA:XAUUSD
by RLinda
4
EURO - Price can start to move up and exit from triangleHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price little declined from $1.0890 resistance level, but soon EUR backed up and even rose higher. But soon, price broke this level and entered to flat, where it some time traded and later rose to $1.0890 level. After this, price started to trades in triangle, where it declined from resistance line to support line, exiting from flat. Later, Euro started to rise near support line and soon reached $1.0785 level, which coincided with support area. In a short time price broke it and at the moment, EUR trades very close to this level, and in my mind, price can little correct. Then Euro can start rise to $1.0840 points, thereby exiting from triangle and breaking $1.0785 level again. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
ETHEREUM - Price can break resistance level and continue to growHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Some time ago price traded in flat, where it declined below $2285 support level, which coincided with support area, but soon backed up. Then ETH made strong upward impulse to $2715 points, thereby exiting from flat and starting trades in pennant. In pennant, price at once bounced down from resistance line to support line, making fake breakout of $2540 level. Later ETH bounced from support line and soon rose to resistance line again, and recently broke this line. Thereby price exited of pennant and now price trades very close to resistance level and I think ETH can reach it. After this, possible that Ethereum can break this level, make retest, and continue rise to $2680 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
GOLD → Support retests continue. Weak fundamental backgroundOANDA:XAUUSD on the background of news on Thursday is declining, but does not reach the local minimum. On the background of the pullback the price also does not reach the local maximum. The range boundaries are narrowing. The fundamental background for gold still remains and is relatively negative at the moment. On the chart above we can observe a difficult situation in XAU. Volatility is very low, the price has been standing still for two days, as evidenced by the D1 candlesticks of Wednesday and Thursday. Technically, we can observe a global uptrend, but at the moment we should pay attention to the symmetrical triangle. The price continues to test the trend support. Each new retest of the support forms a weaker and weaker reaction, the price continues to squeeze against the support. Technically, we can assume that the market is preparing to break the lower trend boundary, which can form a volume surge and a strong momentum towards the lower levels, such as 2000. Fundamentally, although we have high interest in the metal, but locally, the fundamental background is weak, as evidenced by this week's news. Support levels: 2029.7, 2020, 2015 2004 Resistance levels: 2039 - 2942 It is logical to expect a decline based on the current data, from the opening of the US session, the market may test resistance before falling TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2
GOLD → The calm (consolidation) before the storm ⚡︎OANDA:XAUUSD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The calm before the storm. Today, at 13:30 Initial Jobless Claims are published, at this time the dollar in the correction phase is testing the consolidation area and in all likelihood may strengthen if the market supports the index. Gold makes a false break of the resistance area 2039-2042 and forms a consolidation in a narrow range in the phase of waiting for news. Technically, the market continues to stand still. On D1 there is a global flat, but the borders of a symmetrical triangle are present, volatility is decreasing and the range is narrowing. It is interesting that trading volumes are decreasing, but the profile shows a different situation. The market is consolidating liquidity, because at the moment investors do not know what to expect and in the medium term they are aiming to hear some news about the interest rate reduction. Such consolidation may continue until March-April. But the distribution in one side or the other will be very strong, but when it will happen, nobody knows yet :) Resistance levels: 2039, 2042, 2048 Support levels: 2029, 2016, 2004 There is a chance to see bullish news for the dollar today, which could negatively, within a range, affect gold. But, before a possible fall, the price of the metal may test the resistance TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2
EURUSD → How long will the bearish trend continue?FX:EURUSD tested downtrend resistance earlier, bears are keeping the price down and forming a tight stance amid a strengthening TVC:DXY . On the high timeframe we see the current bearish trend, within which the price movement will continue until more favorable times. The target in the medium term may become the area of 1.06300 - 1.0450 On H4 we are interested in the support at 1.0780. Since this is a local risk area for sellers, a strong downward impulse may be formed if this area is broken and the price consolidates below it. But, no less important level is 1.0724 from which a rebound may follow, as it is the lower boundary of the range. But another retest of this zone may lead to a breakout and further decline. Resistance levels: 1.0830, 1.0887 Support levels: 1.0780, 1.0724 In the long term, with a negative fundamental background and bearish trend, the price may continue its decline to the above targets. Regards R. Linda!
Short
by RLinda
9
BTCUSD → Consolidation after the rally. What's next?BINANCE:BTCUSD is in the uptrend phase, actively and quite confidently holding back all negative news. The price is forming a retest of 43250, realizing price consolidation above the 50-day moving average. Pic: Uptrend. Price is testing the trend boundaries, but continues trading inside the range The market continues to form an uptrend since the formation of the bottom in the market. At the moment we see the formation of a sideways range 44500 - 40225, which at the moment plays the role of consolidation. Short and long squeezes, shakes relative to the range boundaries indicate a phase of strong accumulation of potential before further movement in one or another direction. Based on the technical and fundamental component, the market seems to be preparing to continue its growth. The area of 42000 is technically important for the market in the medium and long term, as evidenced by the 2-month sawing ( consolidation ) of this area, which divides the market plane into two areas ( bearish and bullish ), but as we see the price is trying to strengthen above this area to form a strong support area before further growth. Pic: Level 42,000. Price consolidation at the level. Fundamentally, BTC is quite a strong asset. GBTC outflows continue but in much smaller volume, net inflows into ETFs are higher than outflows. A new problem in the US, which can play into the hands of BTC, is the situation in the US banking sector, the topic again concerns bankruptcies. In March 2023, the Fed started printing in response to problems in the banking sector, and BTC was perceived as a safe haven. Accordingly, the restart of the Fed's printer will increase interest in BTC, which may favorably affect the crypto asset's capitalization. Support levels: 42000, 40222, 38500 Resistance levels: 43250, 44500 The trend is bullish, technically the asset is quite strong - this conclusion can be made based on the strong consolidation after the rally. The market is starting to prepare for halving, against this background, the price may test the support zone before further growth. But, based on the overall data, in the medium and long term, the growth of the crypto asset may continue. CRYPTO:BTCUSD CRYPTOCAP:TOTAL CME:BTC1! Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
26
EGLDUSDT → Growth may resume after the correction stopsBINANCE:EGLDUSDT is trying to finish the technical phase of correction and continue the global uptrend amid the realization of 2-year accumulation. Since the middle of last year, the coin was in hibernation, or rather in the consolidation phase. Formed a bottom, a narrow corridor allowed the formation of a strong support area. On the background of cryptocurrency market recovery, the growth of the flagship - bitcoin, EGLD revives, but at the same time forms trend resistance. On D2 the resistance is broken and for a few weeks the price forms a consolidation above the line, on H6 it is a descending range (correction). On the main chart we see an attempt by price to break the correction resistance. Consolidation of price above 53.45 will form a bullish potential that could resume the uptrend. Support levels: 53.45, 51.4, 47.11 Resistance levels: 60.1, 68.48 I expect the continuation of the global trend, but for this the bulls need to finish the correction phase, which is within the current descending channel. A breakout of the resistance and consolidation above this level will be a good signal BINANCE:BTCUSD CRYPTOCAP:TOTAL Regards R. Linda!
Long
by RLinda
2
GOLD → Trading intra-range.. The price continues to stand stillFOREXCOM:XAUUSD has simply been standing still for months now. At least on D1 the range is narrowing and this could lead to something in the medium term. The dollar is forming a correction after a false breakdown. Fundamentally, the index is strong and continues to be supported by US regulators. At 19:00 GMT Bowman FOMC speaks, it is worth paying attention to his comments. Gold at 1 is still in a range. It is quite difficult to anchor an entry point to something because there are no safe zones to open orders inside such consolidation. The good news is that the range is narrowing and the denouement of the situation is approaching. On H1, the price is inside the local range 2039 - 2016 and gold can continue trading inside this consolidation for quite a long time. The resistance was tested earlier, a retest is possible, but on a negative fundamental background and a strong dollar, gold may decline a bit. Resistance levels: 2039, 2042, 2057 Support levels: 2029, 2016, 2004 A retest of the resistance is possible before a further decline within a range trading strategy. It is worth paying attention to the range 2039 - 2029. Breakout of the boundary and price consolidation above resistance or below support will form a signal for price movement in the corresponding direction. COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
7
🥇 GOLD - Inside flat from resistance to support Gold is trading inside the flat. The standard situation of price movement inside the range - from resistance to support and vice versa. Accordingly, the price is testing the resistance area of the sideways trend and is apparently now heading towards support. We are waiting for a decline to 2022 Reasons for further decline: 1) Price is in sideways movement (flat) 2) Resistance is tested 3) Liquidity below 2023 becomes the target after the retest 4) Strong dollar negatively affects gold
OANDA:XAUUSDShort
by AndeWave
1
🇺🇸USDJPY🇯🇵 - Currency pair is preparing for growth USDJPY may show strong growth on the background of weakening Japanese Yen and strong dollar. The price is testing the resistance. Consolidation is forming. If the price returns to the resistance again, the chances of a breakout will increase. The target in our case will be 151.7 Reasons for further gains: 1) Strong dollar 2) Consolidation forming without any strong decline 3) False break of support forms a retest of resistance 4) Upward trend 5) Price does not reach risk zones from below
Long
by AndeWave
1
GOLD → A retest of support will lead to a breakout FOREXCOM:XAUUSD under the influence of negative fundamental background is testing the support, from which it is forming the rebound we were waiting for. At this time the dollar is strongly strengthening and overcoming local boundaries. On D1 the price of gold is testing the ascending support, a small rebound and a possible retest of the support may be a signal that the market is ready for further decline. There is no strong news today, several FOMC representatives will speak, but the outlook for inflation and rates is the same. On the XAU graphee, we should pay attention to the support at 2021 and 2016. A retest, price squeeze and pre-breakdown consolidations would indicate that the market is ready for a breakout of this zone for a further decline towards 2004. However, price may still test resistance at 2031, 2039 before further decline. Moving averages are trying to form another line crossover. Resistance levels: 2028, 2031, 2039 Support levels: 2021, 2016, 2004 At the moment, the dollar is ready to grow further, except that a small correction may follow. But fundamentally, the outlook is the same. Gold in this case may break the nearest support and head towards 2000 TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
3
GOLD → Falling to a strong liquidity area. Retest of D1 supportFOREXCOM:XAUUSD has been losing ground since the opening of the session on the negative fundamental background, which has persisted since last week. The price continues trading inside the range. On the high timeframe the price is declining towards the ascending support line, most likely this area will be tested in the near future. But, as this support plays a rather important role in the market, we should expect a rebound from it, as there is no clear trend in the market and the range trading strategy has the advantage at the moment. On H1, the price has been declining since the opening of the session and is heading towards 2016, from this area, technically, a correction to the strong liquidity area of 2031 may follow. The retest of 2031 and the price reaction will show the further direction, but the prospect is that the fall from this resistance will continue with the target at 2004. Resistance levels: 2031, 2039 Support levels: 2016.8, 2004 As long as the price is inside the range and there is no definite trend in the market, gold may continue to hang around in this channel, trading between the same levels. At the moment there are no such prerequisites, so, for the time being, we should focus on the continuation of trading inside the sideways channel TVC:DXY COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
9
GBPUSD → What could free the price from the sideways range?FX:GBPUSD is in a flat range condition. The whole market has been standing still lately, which complicates trading due to the lack of safe zones to open trades. Yesterday was an interesting trading day in terms of outlook. The news from FED & FOMC defined a rough medium term outlook for the dollar, so we can use this information. There is just as much important news today. Technically, the odds are higher for the currency pair to change its trend from a sideways market to a downtrend. This scenario will be able to realize a break of the support at 1.2615, but, within the range, the price may stay for a long time, until a stronger factor appears, which will free the price. Resistance levels: 1.2784 Support levels: 1.2615 Today's news could also raise the volatility in the market. If the Dollar ( TVC:DXY ) continues to get support, but the pound will break the area of 1.2615 and the price may head towards our targets. Regards R. Linda!
Short
by RLinda
21
🥇 GOLD - Waiting for a rebound from strong support Gold is declining and may continue to decline through 2016. This support has a proven strength, and in the absence of a clear trend, this level may push the price up with the help of buyers. The target in this case is 2027 Reasons to bounce: 1) Key level 2016 2) Price is trading inside a global flat pattern 3) 2016 is a strong support with a proven history 4) A distribution to support reduces the chances of a breakout 5) A bounce from 2016 could foment a correction to 2027.8
OANDA:XAUUSDLong
by AndeWave
1
GOLD → Friday sales, price in sideways movement FOREXCOM:XAUUSD was ready to overcome the resistance of the 2062 range, but Friday's NFP, with sharply unexpected data of 353K ruined the temporary plans of buyers. The dollar is building strong momentum and continues its strengthening trend. pic: Long-term bullish trend. The price is trading at its maximum values On the 2-week timeframe we see a strong bullish trend, price is trading at its highs and is likely to continue to test the extensive resistance area for a breakout. The reason for this is the high interest in the world during the geopolitical instability, banking crisis, and the huge interest from the world Central Banks, which continue to buy the asset. Fundamentally, gold is no longer actively reacting to the conflicts in the Middle East, but investors continue to buy the metal as a safe haven. Last week Powell made it clear that they will cut the interest rate, but not in March, which disappointed investors a bit, but Friday's NFP, which was apparently bogus, formed a strong sell-off at the end of the week ( high NFP with high jobless claims... ). In the coming week, we should expect the FED chief to speak, as well as other members of the Federal Reserve. On Thursday, Initial Jobless Claims is worth paying attention to. pic: Sideways price movement in the gold market. Neutral position between bears and bulls Locally, on H1, gold is in the 2064-2016 range. Also, there is a strong support area at 2031 from below, after a false break of which the market is buying back the decline a bit. Technically, gold is strong and quite confidently can defend its positions on the background of the dollar growth, but on the background of panic and imbalance from the support, the Market Maker can form another long-squeeze relative to the lower levels. It is also worth paying attention to the fact that the price is still in the range. It is difficult to trade inside the range, so I advise you to look for strong levels or zones. Resistance levels: 2057, 2064, 2040 Support levels: 2031, 2020, 2016 OANDA:XAUUSD TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
4
GOLD → How can NFP affect the price of gold?FOREXCOM:XAUUSD is updating highs but continues to be inside a sideways movement limited by resistance at 2065 and support at 2020. The market is in the waiting phase for NFP. Quite an interesting situation this week. The asset is forming a retest of 2062 resistance on D1, but below is a strong support at 2050-2048, which hides a large pool of liquidity behind it. There is a chance that the price may retest this area before or on the backdrop of the news. In the mid-term, it is expected to rise as we have a chance to see NFP below 216K published in December. Technically, gold is in consolidation between 2058 - 2048, a classic situation where the market does not know what will happen. The price is restrained by the resistance of the range 2058-2064, if this area is broken, the distribution to 2078-2088 may be formed. And already below 2030 a panic zone is formed, which, from a theoretical point of view, the price can also test in order to get rid of an unnecessary passenger before further movement of the train. Support levels: 2048.8, 2039.4, 2030 Resistance levels: 2058.3, 2064 Based on the data, we have a high but not 100% chance that NFP may show bearish data for the US market, which could be positive for gold. But! The unpredictability of the news is not canceled! TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
13
🇬🇧 GBPUSD 🇺🇸 - Waiting for distribution from consolidationGBPUSD may show further growth. There are several reasons for this, including the positive geopolitical and fundamental background for the Pound. NFP could be bad on the back of US jobless claims increasing, which could affect the employment rate. Reasons for further gains: 1) Today will be NFP. Expect the data could be bad for $ 2) Price breaks local resistance 3) Consolidation of price above PDH and above 1.2750 4) Bullish trend and strong consolidation
Long
by AndeWave
1
GOLD → The sideways movement continues. What's going on?FOREXCOM:XAUUSD continues to be in global and local sideways movement, which is already annoying. The difficulty of trading lies in the fact that it is more difficult to identify strong zones to enter positions than in a trending market. It is allowed to trade from strong borders or zones, otherwise the market will simply tear up. Technically, gold continues to push up to the 2048 resistance. After the false breakdown, there is no fall and we see that the price is slowly but approaching the boundary, but at the same time volumes continue to decline. Or, hidden accumulation of potential is formed and if the price continues slow approach to 2048.7 in the future, the level may be broken soon. But it is too early to say about it. The price makes a false breakdown of 2048.8 and on the retest makes it clear that bears are not letting up yet. On the background of the news, the price may head towards trend support, either from 2048.8 (after another retest), or after a break of 2040, as there are no local reasons for growth beyond 2048.8 at the moment. Support levels: 2039.4, 2030.9, 2020.8 Resistance levels: 2048.8, 2058.3 There are still some important news ahead, most likely the market will not change much, except for some highly volatile movements, but in general the price will remain in a range, probably until tomorrow's NFP TVC:DXY COMEX_MINI:MGC1! TVC:GOLD COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
GOLD → Traders are panicking. Growth amid low volumesOANDA:XAUUSD has been trading in a very narrow range lately with low volatility, while the dollar index is standing still. Something very turbulent is coming. A stalemate and confusing situation is forming on D1. On the background of retests of resistance areas and attempts to break the upper trend boundaries, trading volumes are decreasing in the market. Technically, the price is gradually pushing towards the resistance at 2039.4 to break it. After a false breakout, there is no fall and the price is testing this level again. Volumes are falling at this time. There is strong news ahead. In the mid term, traders are waiting for news that could weaken gold. But amid the initial reaction, the XAU price may test the resistances. And after stabilization of the situation, the fall (which is waiting for the market, judging by the volumes) may continue. Resistance levels: 2039.4, 2048, 2058 Support levels: 2033, 2029, 2020 There is news ahead, which will come gradually. The strength of the news is high. Technically, gold may strengthen temporarily, but fundamentally and on the background of weak purchasing power, the price may fall in the future. Everything is determined by the actual fundamental background. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
23
EURUSD → Pre-break consolidation. Lots of news aheadFX:EURUSD is forming a trend change amid the strengthening of the TVC:DXY . Important news is expected today, which can affect the market in different ways. On D1 we see the formation of a strong accumulation at the dollar index. Earlier and still the dollar index is supported by rather strong comments from the US regulators, which negatively affects the euro. The currency pair in turn breaks strong daily support and is gradually heading downwards. From a technical point of view, the fall may continue as the key area has not yet been tested. On the chart, it is clear that the 1.0700 area is an interesting zone at the moment. Resistance levels: 1.083, 1.0887 Support levels: 1.082, 1.0724 On H4, support is formed, which restrains the market - 1.082. A breakout and price consolidation below the level could form a bearish momentum that could continue the trend. But, as there is a lot of news today, try to trade safely! Regards R. Linda!
Short
by RLinda
10
GBPJPY → False breakdown and obvious bearish pressure FX:GBPJPY is forming a false break of the resistance at 188.3 and is forming a consolidation, within which it can be seen that the market is under pressure from sellers. On D1 we see the formation of the global range 188.3 - 179.9. The price is forging a retest of the resistance of the range in the format of a false breakdown. After that consolidation will be formed. So far it is difficult to call it a pre-breakdown consolidation, because on local timeframes the price movement is preparing for a price drop. Local highs are gradually decreasing and the probability of breaking through the base of consolidation - 187.38 level is increasing. In this case there is a probability of starting correction to 185.9, 184.3. Globally the market has no trend, because the price is in sideways movement, and locally it is still bullish, but when breaking through the base of 187.38, the market phase may change. Resistance levels: 188.3, 190 Support levels: 187.37 Indices of GBP, JPY currencies are standing still, GBP looks more optimistic, but on the background of geopolitics it gives prerequisites for correction, which can negatively affect the currency pair. Regards R. Linda!
Short
by RLinda
14
GOLD → Resistance breakout in the absence of volumesOANDA:XAUUSD is breaking through several resistance lines. But there are a few nuances that hint that this breakout may be false. Pic: Global range and no clear strength among buyer or seller On the two charts from the high timeframe, we see a breakout of resistance. Technically, we should expect further growth. But I am very much confused by the lack of volumes . This fact suggests that traders do not support this movement, which can be formed with manipulative sense before the flow of strong news on Wednesday, Thursday and Friday. Pic: Growth and resistance breakout amid weak volumes Technically, the Market Maker may test 2045 and 2048.8 as this zone is also an area of interest. But there is still a high chance of a false breakout with further decline. Resistance levels: 2039.4, 2045, 2048.8 Support levels: 2035, 2030, 2025, 2020 The situation is tense. The market continues to stand still before strong news. Within the current range, we should expect trading to continue inside its boundaries. However, at the moment, there is still pressure from sellers on the back of a strong dollar TVC:DXY OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
39