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GOLD → Consolidation. Long squeeze before growth to 3400FX:XAUUSD has broken through resistance at 3353-3357 since the session opened, and bulls are currently trying to keep the market in the buying zone. Should we expect a long squeeze before growth? Gold is in local consolidation after breaking through a key level. The price is still in the consolidation phase formed during a week-and-a-half correction. The price reached a three-week high of $3,374 on Monday but fell after the EU's conciliatory statements. Investors are awaiting US inflation data and Chinese GDP figures as they assess the prospects for a Fed rate cut. Heightened geopolitical and trade tensions are keeping demand for safe-haven assets high. Technically, gold has entered a local buying zone, but there is a fairly complex resistance zone above it, and consolidation is needed to break through it. Such patterns could include a retest of support and a liquidity grab before growth. Resistance levels: 3373, 3394 Support levels: 3357, 3353, 3345 There is a possibility of a retest of eql 3353 in a long squeeze format and a return to resistance at 3373 for a breakout. I also do not rule out a retest of the key level of 3345. The global trend is bullish, with the price locally in a fairly wide range, with an emphasis on the support zone of 3345-3355. If the bulls can hold this zone overall, the market will have a good chance of rising to 3400-3450 Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
5
GBPUSD → Correction amid a global bullish trend...FX:GBPUSD is testing the 1.345 - 1.35 area as part of a correction. The price is closing the imbalance zone and testing support, which may trigger a reaction. Further developments will largely depend on the dollar, which is testing resistance. The daily market structure is quite strong. The correction against the backdrop of a strong trend is within acceptable limits, and bulls should fight to keep the price away from risk zones. GBPUSD, as part of the correction, closes the imbalance zone of 1.34 - 1.35 (0.7 - 0.79f) and forms a false breakdown of the intermediate support level of 1.3476. If buyers hold their ground in the 1.347-1.35 zone, the currency pair will be able to return to the global trend. Support levels: 1.3476, 1.345, 1.3382 Resistance levels: 1.3511, 1.359, 1.375 Price consolidation above 1.349 - 1.350 will confirm the market's intentions. In this case, we can expect growth to 1.36 - 1.374. Best regards, R. Linda!
Long
by RLinda
8
BITCOIN → Stopping after the rally? What next? 125K or 110K?BINANCE:BTCUSDT rose and updated its historical maximum to a new record of 118K with “kopecks” (different prices on different exchanges). Now the price has supposedly stopped and entered a consolidation phase, but it is too early to draw any conclusions based on this alone... Fundamentally, Bitcoin rose following the SP500 and NQ100 indices. The reasons are clearly geopolitical. The correlation level is not high, but the flagship is following the stock indices, which are also updating their historical highs. Technically, Bitcoin has emerged from a two-month consolidation and entered a realization phase. So what's next? Continuation of the phase or correction? Let's take a look. On the daily chart, I would highlight two zones. The risk and sell zone is below 117,500. If the price closes below this zone today/tomorrow, we will most likely be able to look for signals for a possible correction. As part of the correction, we can expect a decline to 115,500, 114,300, or even to the old ATH of 112K. The second zone is the buying zone. A closing price above 118,400–118,900 and consolidation with the gradual formation of a breakout of structure may hint at a possible continuation of growth toward psychological targets. Resistance levels: 118,400, 118900 Support levels: 117100, 116700, 115500 In the chart above, I have highlighted the situations, levels, and zones that interest me more precisely. Now I am waiting for Bitcoin to retest resistance or support and confirm certain levels, based on which decisions can be made. I think that in the near future, Bitcoin will show us where it is headed. Updates will be published as something interesting emerges... Best regards, R. Linda!
Long
by RLinda
51
SOLUSDT → Countertrend correction and hunt for liquidityBINANCE:SOLUSDT looks quite promising on the bullish side. The price is testing one of the key resistance levels within the local trend rally. A correction is forming. Is it beneficial for us? On the higher timeframe, we see a change in character, a breakout of the trend resistance, and the formation of an upward trend support line. Bitcoin is still bullish (locally) at this time, but it is consolidating, which generally provokes a correction in SOL as well. Focus on the 150-149 area. If the bulls are able to keep the price above this zone after the retest, followed by the formation of momentum, this can be considered a positive medium-term sign. Locally, the price within the trading range of 149.36 - 158 is heading towards the area of interest and liquidity (eql) at 149.36. The current sell-off is most likely triggered by a large player seeking a more favorable entry into the market. Resistance levels: 154.75, 156.8 Support levels: 149.36, 147.93 In the current situation, it makes the most sense to consider an intraday trading strategy. A countertrend correction and a retest of support could attract buyers... Best regards, R. Linda!
Long
by RLinda
12
GOLD → Retest of consolidation resistance. Breakout?FX:XAUUSD is consolidating in a symmetrical triangle pattern. The price is stabilizing amid a falling dollar and uncertainty... Gold is recovering after falling to $3,283 thanks to a weaker dollar and lower bond yields amid concerns over Trump's new tariff threats. The announced tariffs against seven countries, including Brazil and the Philippines, have heightened tensions, partially offsetting the Fed's hawkish signals. Markets are now awaiting new data from the US and speeches by Fed officials, which could influence the further dynamics of gold. Technically, gold is squeezed between the resistance and support of a symmetrical triangle. The price is being aggressively pushed away from support within a bullish trend, but at the same time, gold is testing resistance for the fifth time, which only increases the chances of a breakout. Resistance levels: 3330, 3345, 3358 Support levels: 3308, 3295 If gold continues to storm the local resistance at 3330 and the triangle resistance during consolidation, we will have a good chance of catching the breakout and growth. An additional scenario could be growth after a shake-up of the triangle support and the global trend. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
30
GOLD → Distribution. There is potential for growth to 3450–3500FX:XAUUSD breaks through consolidation resistance and forms a distribution pattern. A breakout of 3345-3358 could lead to another rally amid high economic risks... Gold is rising for the third day in a row amid growing concerns about new tariffs announced by Trump. He threatened to impose tariffs on Canada and most of its trading partners, as well as the EU. Despite the strengthening of the dollar, demand for gold remains strong due to uncertainty and expectations for US inflation data next week. Investors are cautious ahead of CPI and the Fed's possible response The correlation between gold and the dollar is declining, with gold rising due to geopolitical reasons amid high economic risks. If the bulls keep the price above 3300-3345, the market could be extremely positive for 3400-3500. Resistance levels: 3345, 3358 Support levels: 3330, 3308 Gold has broken through the resistance of the “triangle” consolidation pattern and is forming a distribution phase towards the zone of interest 3345 - 3358, from which a small correction may form before growth. Since 3345 is an intermediate level, the focus is on 3358. I do not rule out the possibility of a long squeeze of the support levels 3330, the triangle support, and 3310 before the growth continues. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
EURAUD → Correction for accumulation before growthFX:EURAUD reaches the zone of interest during a correction and forms a false breakdown of local support. Traders can switch to the buy side to support the trend. Against the backdrop of a global bullish trend and a correction in the euro, the currency pair is following this movement, the essence of which is to consolidate funds for further growth. Liquidation is forming in relation to the liquidity zones of 1.785, 1.78, and 1.773, and the market imbalance is changing. The current movement is bringing the price to the zone of interest: the liquidity area of 1.773 and the order block. The capture of liquidity relative to 1.773 leads to the formation of a false breakdown and a pullback to the area of interest for buyers. Accordingly, price consolidation above 1.776 and 0.7 Fibonacci could support the main trend and allow the price to strengthen. Support levels: 1.776, 1.773, 1.763 Resistance levels: 1.786, 1.795 The euro clearly demonstrates an upward trend, the structure of which has not been broken during the correction. Correction is a perfectly healthy movement within a trend, allowing positions to be opened at more favorable prices. If the bulls hold their defense above 1.776, momentum towards the specified targets may form. Best regards, R. Linda!
Long
by RLinda
6
BITCOIN → Market manipulation. Chance for growth to 110KBINANCE:BTCUSDT , as part of a correction triggered by negative news from the US regarding tariffs, is testing liquidity in the support zone. There is a chance of recovery to 110K. Bitcoin is reacting with a decline to fundamentally negative data on tariffs from Trump. Technically, the price is facing support and forming a false breakdown, the purpose of which was to capture liquidity. This could lead to a recovery within consolidation in an uptrend, but again, there are conditions... Countries that have received notification of tariffs are responding positively to cooperation (if this trend continues, Bitcoin could receive a local bullish driver). The market perceives this as positive, and after liquidity is captured, the price could recover to the resistance of the trading range. Resistance levels: 108230, 109690 Support levels: 107500, 106500 Bulls are trying to hold the local interim bottom at 107500. There is a reaction to the false breakdown of support. The focus is on 108230; if the market can break through this level, we will have a chance to grow to 110K. Best regards, R. Linda!
Long
by RLinda
16
GOLD → Readiness to test the local bottomFX:XAUUSD is under pressure from the rising dollar and uncertainty, breaking through support levels, which opens up a corridor for the market to fall to 3255 - 3246 The price of gold is consolidating around $3300 after falling more than 1% amid expectations of the Fed minutes and news about tariffs. Investors remain cautious: the dollar is supported by hopes for US trade deals, while the threat of new tariffs from August 1 is holding back gold's growth. Weak inflation data in China did not support the metal, while expectations that the Fed will not rush to cut rates due to inflationary pressure from tariffs are also limiting interest in gold. Traders are waiting for the Fed minutes and new statements from Trump to determine the further direction. Technically, the market looks weak (on D1, the price closed below the key level of 3300 on Tuesday) and there is a chance of a further decline. Resistance levels: 3300, 3311 Support levels: 3295, 3255, 3246 Consolidation below 3295-3300 could trigger a further decline to 3255, from which the market could react with a correction. Buying can be considered if gold reverses the short scenario, manages to strengthen to 3311, and consolidates above this level. At the moment, the price is in the selling zone... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
24
EURUSD → Bullish daily structure. Correction before growthFX:EURUSD , after significant growth and a break of structure, has entered a local correction, the target of which may be a phase of accumulation of potential for updating intermediate highs (1.183). The daily market model is bullish. A break of the structure has formed on D1, and the market is entering a correction phase, during which it may be interested in testing 0.5 or the 0.7 Fibonacci area before continuing its growth. I would also like to draw attention to the previously broken resistance level of 1.164 - 1.163, which, within the current correction, may act as a support level for buyers... In addition, the market has not yet reached the liquidity level it was heading for during the correction for a possible continuation of growth. Zone of interest: 1.168, 1.164, 1.159 Resistance levels: 1.1728, 1.1766 Support levels: 1.168, 1.164, 1.159 A false breakdown of the specified support zone could change the market imbalance and attract buyer interest, which could generally support the bullish trend. Best regards, R. Linda!
Long
by RLinda
7
GOLD → Correction for confirmation before growthFX:XAUUSD is recovering due to increased demand as a safe-haven asset. After breaking through local trend resistance, an upward channel is beginning to form on the chart. On Monday, gold tested the 3295-3300 zone (liquidity zone) and, against the backdrop of incoming economic data, is buying back the decline, forming a rather interesting pattern that could lead to continued growth, but there is a but! Investors are reacting to President Trump's threats to impose tariffs on imports from a dozen countries starting August 1. In addition, the main question is the Fed's interest rate decision. The regulator is likely to leave the rate unchanged due to inflation risks. Uncertainty surrounding tariffs is supporting interest in gold as a safe-haven asset. The market is awaiting further news and the publication of the Fed minutes on Wednesday. Resistance levels: 3345, 3357, 3396 Support levels: 3320, 3311, 3295 A correction to support is forming. If the bulls hold their ground within the upward channel and above the key areas of interest, the focus will shift to 3345, a resistance level that could hold the market back from a possible rise. A breakout of this zone would trigger a rise to 3357-3396. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
23
GOLD → Buyers are hesitant due to new tariffsFX:XAUUSD continues its correction phase after updating local highs and breaking through trend resistance. The dollar is making traders nervous... After rising 2% last week, gold started Monday with a decline to $3,300 amid a stronger dollar due to the risk of new tariffs from Trump, who sent letters to 12 countries threatening to impose duties of up to 70% if no agreements are reached by July 9. This boosted demand for the dollar as a safe-haven asset. Gold is also under pressure from strong US employment data, which has dampened expectations of a rate cut. The market is focused on news on tariffs and the publication of the Fed minutes on Wednesday, which may clarify the outlook for monetary policy. Technically, the correction may end in the 0.7 Fibonacci zone, in the range of 3295-3300. After the formation of a reversal pattern, the market may strengthen to 3350-3360. Resistance levels: 3315, 3344, 3358 Support levels: 3300, 3295 Locally, the price is trying to consolidate below the range, which could lead to a decline to 3300-3295. If, during the correction from support, the market manages to consolidate above 3315, we can expect growth. Otherwise, a weak reaction at 3295 could lead to a retest of 3275 and consolidation in the selling zone, which could lead to a further decline to 3245 . BUT! We are closely monitoring the position of the US and Trump on tariffs, as he is once again issuing ultimatums to countries, to which the markets are reacting... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
27
GBPUSD → Correction before the bullish trend continuesFX:GBPUSD is forming a trading range for consolidation of potential ahead of a possible continuation of growth as part of a countertrend correction. The dollar is trying to recover from its decline due to a local change in the fundamental background, but the global trend for the DXY is bearish. This could provide support for the GBP to continue growing, provided that the bulls hold their defense above the 0.5 Fibonacci zone of the main impulse movement. The market is holding GBPUSD within the trading range of 1.359 - 1.3675. The trend is bullish, and within the correction, liquidity may be captured from 1.359 before further growth. Resistance levels: 1.3675, 1.3764 Support levels: 1.359, 1.3511 If the reaction to the subsequent retest of support at 1.359 is weak, we can consider a continuation of the correction to the 0.7-0.79 Fibonacci zone, which would be the most favorable entry point for us (focus on 1.3511 — a false breakout will increase interest in buying). In the current situation, the focus is on 1.359. Best regards, R. Linda!
Long
by RLinda
5
SOLANA → Pre-breakdown consolidation may lead to distributionBINANCE:SOLUSDT is declining and testing the support of the trading range as Bitcoin pauses after strong growth and enters a correction phase... SOL looks a bit weaker than Bitcoin technically, but SOLANA has some positive fundamentals, though that might not be enough. After forming a false breakout of key daily resistance, Bitcoin is moving into a correction phase. An update of local lows on the chart could trigger a drop across the entire cryptocurrency market. In SOL, the focus is on the two nearest levels of 148.75 and 145.64. A breakdown of support could trigger the distribution of accumulated energy within the specified range as part of a downward momentum. Resistance levels: 148.75, 151.2, 153.88 Support levels: 145.64, 138.59 The ideal scenario would be a false breakout of 148.75 (liquidity capture) and a retest of 145.64, followed by a break of support. Consolidation below 145.65 could trigger a drop to the zone of interest at 138.59. Best regards, R. Linda!
Short
by RLinda
6
GOLD → Consolidation after a trend break...FX:XAUUSD , after breaking out of a downtrend, is consolidating, which may continue for some time due to Thursday's news and low liquidity on Friday. Gold stabilized after a correction, but volatility risks remain. After falling from a weekly high of $3,366, gold prices found demand again in Asia on Friday. Strong US employment data cooled expectations of an imminent Fed rate cut, which supported the dollar and limited gold's gains. Additional pressure is coming from the hawkish shift in Fed expectations, but US budget risks and weak liquidity due to the holidays could increase price volatility in the coming days. Technically, the focus is on the boundaries of the current consolidation at 3311 and 3357. In addition, within the range there is an important level of 3325, which divides the market into bearish and bullish zones... Resistance levels: 3350, 3357, 3393 Support levels: 3325, 3311 It is important to understand the situation: due to the holiday in the US, liquidity is lower, making it easier to move the price. The rest of the world, interested in gold, can easily push the price up. The trigger will be the zone 3350 - 3350. There is a chance that the market will try to break through the resistance without a pullback and continue to rise to 3393. However, the most likely scenario is that after yesterday's volatility, gold will remain within 3325 - 3357 before rising next week Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
9
GBPCAD → Retest the area of interest before growthFX:GBPCAD is closing the imbalance area as part of a countertrend correction and consolidating below the 0.5 Fibonacci level. What's next, growth or decline? The global trend is upward, and the situation is classic: the market needs energy and liquidity to continue growing. Locally, we see that as part of a countertrend correction, the market is closing the imbalance area, but at the same time forming consolidation below 0.5 Fibonacci, still leaving the zone of interest and order block below 1.84600 untouched. Technically, there is a fairly high probability of continued growth, provided that the price ends its consolidation with a breakout of the 1.85690 resistance and consolidates above 0.5 Fibonacci. Resistance levels: 1.85690, 1.8657 Support levels: 1.84986, 1.846, 1.8417 However, as an additional and, in my opinion, the most important scenario, I still consider a complete closure of the fvg and a retest of the 0.7-0.79 zone, within which the order block is located. A false breakdown of the zone of interest and the capture of liquidity could attract additional interest, which would trigger growth. Best regards, R. Linda!
Long
by RLinda
9
GOLD → Attempt to consolidate above 3350 for growth to 3400FX:XAUUSD , after retesting resistance at 3347, is breaking through the key level, while bulls are trying to hold their ground above support. There is potential for growth to 3400. Gold retreated from its weekly high of $3366 ahead of key US employment data (NFP), which could set a new direction for the movement. But technically, this looks like a correction to consolidate above the level before continuing to rise. After three days of growth, the price faced selling amid a recovery in the dollar and profit-taking. Weak employment data (especially below 100,000) could reinforce expectations of a Fed rate cut as early as July and support gold. Conversely, a strong report will strengthen the dollar and put pressure on the metal. The market is bracing for high volatility Resistance levels: 3363, 3393, 3400 Support levels: 3347, 3336, 3311 The price has entered a new range of 3345-3400. Consolidation is forming above the support level before a possible rise. I do not rule out another retest of 3345-3336 (liquidity zone) before realization and a rally to 3400. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
14
XRPUSDT → Resistance retest. Coin inside the flatBINANCE:XRPUSDT is rising towards resistance at 2.3288 due to a shift in the fundamental background to positive and a rally in Bitcoin, but there is always a but... On the daily chart, XRP is trading below strong trend resistance, and there is also a fairly strong and voluminous liquidity pool at 2.3300 ahead, which could provide strong resistance. Bitcoin is also approaching its critical level of 110500, which may temporarily hold back growth, and a correction in the flagship could trigger a correction in the rest of the market... Focus on resistance and the liquidity pool at 2.3288. A sharp approach and capture of liquidity without the possibility of continuing growth could lead to a correction by half or the entire local range (to 2.16). Resistance levels: 2.3288, 2.357, 2.45 Support levels: 2.25, 2.213, 2.16 If the retest of resistance at 2.3288 ends in a false breakout, then subsequent consolidation below the level could trigger a correction to the above support and interest zones. Best regards, R. Linda!
Short
by RLinda
5
AUDCHF AUDCHF is preparing to break through support and fallWeak market structure. Gradually declining lows and no reaction to support at 0.5211. Buyers are trying to keep the price above 0.5211, but under market pressure their strength is weakening. Relative to 0.5211, we see the formation of consolidation, which is of a “pre-breakdown” nature. Accordingly, a break below the 0.5211 support level could trigger the activation of buyers' SL orders, leading to liquidation and a downward price distribution. Potential targets include 0.518 and 0.5164.
by AndeWave
18
GOLD → Retesting resistance may lead to a breakout.FX:XAUUSD breaks the downward resistance line on the senior timeframe and tests the upper limit of the trading range amid the falling dollar and Powell's speech. The metal may continue its upward movement. The dollar's rise was short-lived after Fed Chairman Jerome Powell hinted at an imminent interest rate cut, but not in July... The probability of a rate cut in July fell to 22%, and in September to 72%. Markets are awaiting fresh employment data (ADP and Nonfarm Payrolls), which could influence the prospects for rate cuts. Weak reports could revive interest in gold, but for now, the asset remains under pressure due to the short-term strengthening of the dollar and uncertainty surrounding Fed policy. Technically, if the pre-breakout structure remains intact and gold continues to attack resistance within the local range of 3347-3330 (3335), the chances of further growth will be high... Resistance levels: 3347, 3358 Support levels: 3336, 3316, 3311 The global trend is upward, and locally, the price is also returning to growth. If the bulls can maintain the current trend, break through the resistance at 3347, and hold their ground above this level, then the next target will be 3390-3400. I do not rule out a correction to 3325, 3316 (liquidity hunt) before the growth continues. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
51
AUDUSD → Pre-breakout consolidation for trend continuationFX:AUDUSD may continue its upward trend. After another local distribution, the currency pair is consolidating and may repeat the cycle The dollar index continues to fall, the global trend is clear, and the price is testing multi-year lows. After yesterday's speech by Powell, the decline may intensify amid expectations of a rate cut, which will only support AUDUSD. AUDUSD is moving within an uptrend, stopping below resistance at 0.6583, but is not going to fall. There was a false breakout (the zone was tested), the structure is not broken, and the price continues to squeeze towards resistance, which could lead to a breakout and growth Resistance levels: 0.6583 Support levels: 0.6566, 0.6556 There is potential accumulation in the market, and the market is choosing growth against the backdrop of a falling dollar as its direction. Accordingly, the currency pair is one step away from a possible realization phase. Thus, if the price breaks 0.6583 and consolidates above this zone, it may continue to grow in the short and medium term. Best regards, R. Linda!
Long
by RLinda
13
GOLD → Retest of the resistance range. Correction?FX:XAUUSD is recovering amid expectations of lower interest rates in the US, and the falling dollar is also supporting the price of the metal. The dollar remains under pressure due to political uncertainty in the US, budget concerns, and trade risks. However, strong stock market growth and possible tariff measures against Japan and the EU are also affecting the market, adding volatility to gold Powell will speak at the ECB forum, and markets are waiting for him to hint at a rate cut. Currently, the probability of a cut in July is estimated at 20%, and in September at 77%. A dovish tone will support gold, while a hawkish tone will increase pressure. Technically, since the opening of the session, gold has exhausted its daily range (ATR), and there is a fairly high probability that after strong growth, the price may be stopped in the 3347-3350 zone. Resistance levels: 3347, 3350 Support levels: 3312, 3295 If gold cannot continue to rise after breaking through 3347 and the price returns to the resistance zone, then in this case, we can consider a correction to 0.5-0.7 Fibonacci before a possible continuation of growth. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
12
GOLD → Recovery and retest of resistance. DowntrendFX:XAUUSD has been recovering since the start of the session thanks to a weak dollar, but further growth is uncertain. However, the price is still below the key range and important levels. At the beginning of the week, gold rebounded from monthly lows amid a weakening US dollar, which remains under pressure due to trade disputes with Japan, uncertainty surrounding the budget, and expectations of a Fed rate cut in September. However, the technical picture for gold remains bearish, and further dynamics will depend on new statements from Fed officials, labor market data, and Jerome Powell's speech on Tuesday. Technically, after breaking through the global range support, the price is forming a correction and testing 3294. Before a possible rise to 3320 or to the 0.7 Fibonacci zone, a correction to 3271 may form, which will determine the further development of the situation. Support levels: 3271, 3255, 3245 Resistance levels: 3294, 3320, 3347 A retest of 3295 (0.5) Fibonacci is forming. There is a possibility of a false breakout with a possible correction. If, during the correction, buyers keep the price above 3271 and return to retest 3294, we will have a chance to attempt growth to 3320 - 3347 Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
37