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GOLD → It all depends on NFP and Powell....FX:XAUUSD got shaken by 600 pips on both sides. Technically, after such a move the price may go into consolidation, but the near-term outlook will depend on NFP and Powell. Gold hit a high of 3168 and went into correction. President Trump's imposed duties on imports from China (up to 54%) and other countries caused a sharp drop in the dollar and bond yields, reinforcing expectations of a Fed rate cut. Traders turned to profit-taking, which led to a correction. Now the market is waiting for the NFP report and Powell's speech. Weak data may return the upward momentum to gold, especially if the dovish rate expectations are confirmed. However, volatility may persist after the publication, given the impact of Friday's flows and Powell's speech Resistance levels: 3107, 3116, 3135 Support levels: 3086, 3067, 3055 Technically, it is difficult to determine a clear place from where to expect a move as there is news ahead (NFP, Powell's speech). But based on the falling dollar and high economic risks, we can bet on the continuation of the price growth from one of the mentioned support levels: 3086, 3067, 3055. Exit from the channel and consolidation of the price above 3110 - 3116 will again attract increased interest in buying Regards R. Linda!
FX:XAUUSDLong
by RLinda
20
GOLD → Correction. Liquidity is the target. News aheadFX:XAUUSD on the background of yesterday's news reaches the target of 3166 and enters the phase of deep correction on the background of profit-taking. The level of economic risks is still high Despite the pullback, the gold price retains much of its recent record high, thanks to rising risks of a global trade war and a US recession. Gold corrects from record $3,168 but remains strong amid trade and recession risks. The correction is due to the following nuances: Profit taking ahead of key US jobs data. Waiting for jobless claims and services PMI. But, Trump's new tariffs, a weaker dollar and lower bond yields are driving gold buying. Resistance levels: 3116, 3135 Support levels: 3107, 3097 Against the background of high economic risks, falling dollar index, gold still has chances to continue its growth. False breakdown of support may give such a chance. Regards R. Linda!
FX:XAUUSDLong
by RLinda
8
EURGBP → False break of liquidity zone (resistance)FX:EURGBP within the distribution (news background) tests resistance 0.84616 and liquidity zone, but without the possibility of continued growth the price forms a false breakout The dollar index falls amid Trump's introduction of new tariffs, which generally provokes a rally in the whole market. But before NFP, the market shifts to profit-taking because of the growing risks. There are quite important news ahead, which may provoke high volatility. Technically, after a strong move, the currency pair forms a false resistance breakout and consolidates in the selling zone. If the bears keep the price below 0.84616, in the short term we should wait for a correction to 0.5 fibo or to the fvg zone. Resistance levels: 0.84600 Support levels: 0.8427, 0.8396 The situation is quite complicated due to unstable background, but technically we have a classic situation with a false breakout of strong resistance, and as we know, according to statistics, the strongest movements start after it (in relation to the trade of level breakout). Regards R. Linda!
Short
by RLinda
7
GOLD → Consolidation. News. False breakdown. Growth?FX:XAUUSD and TVC:DXY in consolidation ahead of important news and Trump's speech. Economic risks are rising and the future outlook depends on fundamental data... Trade tensions support gold demand. Trump may impose global tariffs of up to 20% which will increase risks to the economy. Investors are piling into gold in anticipation, pushing its price to a record $3,150 A key factor is the details of the tariffs. If tariffs are softer than expected, gold could fall to intermediate support zones. If the trade war escalates, the rise could continue beyond 3150 Economic risks are rising and gold may test 3107 - 3100 support before rising further. Technically, 3100 - 3107 is a zone of interest and liquidity. If bulls hold the support, gold will continue to rise. Otherwise, gold may form a correction towards 3075 - 3065 Resistance levels: 3126, 3135, 3147 Support levels: 3107, 3100, 3091 The price is correcting to consolidation support in the moment. A strong and sharp fall is fraught with the risk of a liquidity grab and a false breakdown. In this case, gold may strengthen to one of the key resistances. But the further and medium-term development of events depends on the evening news.... Regards R. Linda!
FX:XAUUSDLong
by RLinda
21
EOSUSDT → False Breakeout of resistance (counter-trend )BINANCE:EOSUSDT.P within the consolidation distribution 0.54 - 0.6 reaches the key resistance and forms a false breakdown without the possibility of continued growth. The cryptocurrency market is showing weakness, especially after yesterday's Trump speech and the approval of new Tariffs, which creates risks and pressure on the cryptocurrency market. Bitcoin is back in the red zone after rallying, while altcoins will continue to look for a new bottom. EOS stands out in this list, which strengthened quite strongly and the purpose of this maneuver was countertrend accumulation and liquidity capture relative to the range of 0.7 - 0.8. The distribution is tempered by a false breakout of the level 0.82 - 0.86 Resistance levels: 0.82, 0.86 Support levels: 0.793, 0.666 If the bears hold the resistance 0.82 - 0.86 and the consolidation under the level will end with the breakout of the trigger 0.793 and price consolidation in the selling zone, it may provoke a reversal and fall to the zones of interest: fvg, 0.64, 0.541. Regards R. Linda!
Short
by RLinda
1
CADJPY → Consolidation before the news. DowntrendFX:CADJPY continues to forge a downtrend, but within the current movement a symmetrical triangle of accumulative nature is forming The currency pair may continue its decline due to the strengthening of the Japanese Yen, while the Canadian is consolidating in a narrow range. The situation may be accelerated by today's news, namely Trump's speech, where he may announce new tariff measures. Technically, the price is correcting after the false break of 103.56, being below the previously broken upside support. Price is testing key resistance at 104.90, and against 0.5 Fibo is forming a false breakout. A consolidation below 104.69, a break of 104.525 could trigger further decline. Resistance levels: 104.900, 105.36, 105.74 Support levels: 104.525, 103.56 There are important news ahead, high volatility is possible, especially at the moment of Trump's speech, which may set a medium-term tone in the market. The currency pair is in consolidation on the background of the downtrend and the priority is to expect a continuation of the fall Regards R. Linda!
Short
by RLinda
1
GOLD → The rally is intensifying. Growth after false breakdownFX:XAUUSD is breaking upwards and is trying to consolidate above the previous high of 3127 as part of a correction. This would be an ideal support for the bulls. The rally, on the background of political and geopolitical problems only intensifies Tariff escalation pushes up gold demand. Trump rejected the idea of lowering tariffs and the Treasury Secretary named a list of 15 countries that fall under the new measures. This has caused the dollar to weaken and fears of stagflation to rise, boosting demand for gold as a protective asset. Central banks and investors continue to build positions in gold, but corrections are possible before the tariffs announcement on April 2 and the release of U.S. economic data Technically, we have a strong bullish trend, it is risky to sell, we are looking for strong areas or levels to buy. For example, if the price consolidates above 3127, or after a false breakdown of 3119 / 3111 Resistance levels: 3147, 3155, 3166 Support levels: 3127, 3119, 3111 Before the continuation of the growth there may be a correction to the key support areas to normalize the imbalance in the market as well as to capture the liquidity. Consolidation above the level after a false breakdown will be a good signal for growth. But! News ahead and high volatility is possible! Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
XRPUSDT → The bulls won't hold support. Falling to 1.9BINANCE:XRPUSDT is under pressure despite quite positive news. The coin, being in a downtrend, continues to test the key support. The chance of a breakdown is growing XRP continues to test a strong support zone on the weekly timeframe, relative to this zone, in the medium term, two scenarios can develop, which depend on the general mood in the market. If the current backdrop persists, the chance of a downside breakdown and further decline is quite high. At the moment, the focus is on the key support at 2.0637, relative to which the retests continue, and the reaction is getting weaker and weaker, which in general only increases the chances of a further fall to 1.9 - 1.63. Resistance levels: 2.265, 2.365, 2.509 Support levels: 2.0637, 1.9 The cryptocurrency market is going through bad times (Tariff War, high inflation, stock market decline, disappointment of the crypto community due to expectations) and until the situation starts to change, the technical picture will remain negative. XRP may continue its fall after a small correction. Regards R. Linda!
Short
by RLinda
20
NZDUSD → Consolidation within the correctionFX:NZDUSD is forming a local correction on the background of the uptrend. The dollar has been consolidating and strengthening for the last week, which generally creates pressure on the forex market NZDUSD after a false break of the trend resistance, which also coincided with the stopping of the strong decline of the dollar, entered the correction phase. Locally, it is a downtrend, followed by consolidation, which in general forms a flag - a figure of continuation of the movement. The chart reveals strong levels that can be paid attention to. The dollar may continue its growth due to the US policy, which generally has a negative impact on the market. The price exit from the current consolidation may be accompanied by a strong impulse. Emphasis on 0.575 - 0.571. Resistance levels: 0.57426, 0.57674 Support levels: 0.571, 0.5684 After stopping at 0.571, the price is not pulling back, but forming consolidation on the background of the local downtrend. Most likely a big player lures the crowd to get to the imbalance zone or trend support at their expense. Regards R. Linda!
Short
by RLinda
6
GOLD → Growing economic risks increase interest ↑FX:XAUUSD rallied aggressively due to high interest driven by rapidly rising economic risks, mainly related to Trump's tariffs. For selling, the risk is very high, with the stock and cryptocurrency market declines only adding to the interest in the metal Markets are taking refuge in defensive assets amid WSJ reports of Trump's possible tariff hike of up to 20% for most US trading partners. This could trigger inflationary pressures and stagflation, weakening the dollar and bond yields, which supports the gold price. This week all eyes are on Trump's speech on Wednesday, PMI, NonFarm Payrolls and Powell's speech Technically, it is not worth selling now as it is high risk, and for buying we should wait for a correction to key support levels Resistance levels: 3127 Support levels: 3103, 3091, 3085 We are not talking about any trend reversal now. It is worth waiting for a local correction or consolidation, the market will mark important levels, liquidity zones or imbalances against which you can build a trading strategy. Gold will continue to grow because of the strongly increasing risks. Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
USDJPY → Key Level Retest. Attempt to change the trend FX:USDJPY in the correction phase is retesting the previously broken boundary of the downtrend. The market is trying to break the trend on the background of the dollar correction The dollar is having a rather difficult life because of economic and geopolitical nuances regarding the USA, as well as high inflation. Against this background, the index may continue a deeper correction, as the rhetoric of interest rate cuts may be prolonged, which may put pressure on the markets. The currency pair tried to overcome the downtrend resistance earlier and succeeded, but this is not enough for a trend change, it needs confirmation. Support levels: 148.92, 148.21 Resistance levels: 150.16, 150.95 If the bulls hold the defense above 148.92 - 149.5, we have a good chance to catch a trend change. It will be the readiness to go to the resistance of 150.16 range, and the breakout of this level and price fixation above it will be the confirmation of the trend change Regards R. Linda!
Long
by RLinda
1
GOLD → Correction after a false breakout. A reversal?FX:XAUUSD is forming a false break of the channel resistance within the rally, we should wait for a correction, but not for a trend reversal. Let's see what we can expect from the price in the short and medium term. Gold is reacting to market turmoil over Trump's tariff plans. Investors are looking for protection ahead of the possible imposition of new duties from April 2, boosting demand for the metal Fears of a trade war and a slowing global economy are supporting gold despite positive US GDP data. PCE data and tariff updates will be key catalysts for further movement. Higher inflation could dampen the rally, while weak data will reinforce bets on a Fed rate cut, helping gold to rally further. The energy to continue the move is gone, so I am waiting for a correction to the imbalance zone or to 0.7 Fibo to accumulate potential. The price may consolidate in the zone of 3050 - 3075 before it continues its growth Resistance levels: 3075, 3085, 3095 Support levels: 3059, 3055 The correction after a strong rally can be quite deep. The imbalance zone 3066 - 3063 and liquidity zone 3057 play an important role. False breakdown of support may resume growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
BITCOIN → Break of the bullish structure. Moving to 78-68KBINANCE:BTCUSD has been slowly recovering for the last two weeks, but failed to overcome the resistance. The bears held the trend. The price is breaking the local bullish structure and preparing for a strong fall. Bitcoin's fundamental background is weak, expectations were not met by the crypto summits, nor by any major announcements or hints of a crypto reserve. The crypto community still didn't get what they expected from Trump. The strong drop was triggered by the SP500 index falling, driven by rising inflation, reduced consumer pressure and new trade tariffs. These factors have contributed to increased uncertainty in the markets, prompting investors to move to safer assets such as gold and government bonds Technically, the price has been in consolidation (correction channel) for two weeks and after breaking the support of the figure, the price entered the realization phase within the global downtrend. Resistance levels: 85300, 86350, 89400 Support levels: 83600, 81270, 79980, 78100 Emphasis on the support at 83600. The price fixing under this zone may provoke further fall to 80-78K. But I do not exclude the fact that a small correction to the zone of interest is possible (to capture liquidity) before a further fall to the previously identified key zones of interest. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
45
MEWUSDT → False breakout of resistance after distributionBINANCE:MEWUSDT.P in the distribution phase is testing a strong resistance and liquidity zone against which it makes a false breakout. Regarding the current situation, we should pay attention to several key levels - support and upper resistance. A retest of 0.00300 - 0.00312 is possible, the target of which could be another liquidity zone, before MEW continues its fall according to the current local and global trend, which have a common direction on the background of weak bitcoin and weak cryptocurrency market. Resistance levels: 0.002793, 0.003, 0.00312 Support levels: 0.002696 The key support area plays the role of 0.002696, which are trying to contain the market. Below this line is a free zone and there are no levels that can prevent the movement. Thus, the breakdown and consolidation of the price under 0.026969 can provoke a strong impulse towards the zones of interest 0.00222, 0.002 Regards R. Linda!
Short
by RLinda
7
LAYERUSDT → Far retest of key resistance at 1.400BINANCE:LAYERUSDT.P is forming a realization within the uptrend. The coin is stronger than the market, but the initial reaction to the strong resistance at 1.400 may be in the form of a false breakout and a pullback to 1.275 or 0.5 fibo Since the opening of the session, LAYERUSDT has passed the daily ATR, but after reaching the resistance, the coin may not have the potential to continue rising. Liquidity above the 1.400 level may hold this area and prevent the coin from breaking through this zone the first time around. Bitcoin is testing trend resistance at this time and could likely form a rebound or a continuation of the decline, which could affect altcoins accordingly! Resistance levels: 1.400 Support levels: 1.2932, 1.2747, 0.5 fibo BUT ! Everything depends on the price reaction at 1.400. A sharp and distributive approach with 90% probability will end in a false breakout and correction to the mentioned targets. But, if LAYER starts to slow down and consolidate in front of the level, an attempt of breakout and struggle above 1.400 is possible and further movement will depend on it. Regards R. Linda!
Short
by RLinda
15
GOLD → Consolidation forms a trigger. Rally?FX:XAUUSD continues to rise amid weakening dollar demand due to Trump's imposition of new tariffs. GDP and Initial Jobless Claims ahead Gold is further supported by renewed concerns about a slowdown in the US economy due to trade duties. However, growth beyond ATH remains questionable due to geopolitical nuances. The market focus shifts to macroeconomic data: the final US GDP for the fourth quarter and jobless claims will be released today. Also the attention will be drawn to the speeches of the Fed representatives, who earlier made it clear that they are in no hurry to cut rates due to inflation risks caused by Trump's tariff policy Resistance levels: 3038, 3046, 3056 Support levels: 3033, 3025 The strong resistance is 3038. Breakdown and price consolidation above this level will provoke continuation of growth (there is a chance of ATH retest). But, since there is news ahead, gold may test the zone of interest and liquidity 3030-3025 before further growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
GOLD → Price returns to the channel to form a bullish structureFX:XAUUSD is completing a correction, breaking channel resistance and consolidating above the downtrend line. Traders are waiting for economic data and tariff war actions Trump confirmed plans to impose retaliatory tariffs on April 2, limiting exemptions. The new duties have raised fears for the U.S. economy, which has weakened the dollar and boosted demand for gold.Markets are also keeping an eye on talks between the U.S., Ukraine and Russia.Focus is also on US durable goods orders data - a strong reading could cool expectations of a Fed rate cut, limiting gold's gains Resistance levels: 3033, 3045, 3056 Support levels: 3013, 3004 Gold may test the support zone before rising further. The focus is on the current consolidation 3033 - 3013. A key resistance is formed ahead, a breakdown of this zone may provoke a continuation of growth to 3045 - 3056. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
GOLD → Tense fundamental environment and retest of 3025FX:XAUUSD is forming a correction within the descending channel. The situation is becoming complex and confusing. The focus is on the channel resistance and on the support at 3004.9. Further price movement depends on the fundamental data... The problem is the uncertainty around the US tariff policy and the outcome of talks between Russia and the US on ceasefire in Ukraine. The market is focused on US consumer confidence data and comments from Fed officials. The rise in the dollar, supported by Bostic's hawkish statements and strong PMIs, is pressuring gold, but the lack of clarity on tariffs and geopolitical tensions are limiting its further decline Technically, the situation is simple in that it all depends on the resistance of the current channel. A break and consolidation above 3025 will trigger growth. A false break of the channel resistance will provoke a continuation of the decline both to 3004 and to 2980. Resistance levels: 3024.6, 3038, 3056 Support levels: 3004.9, 2987, 2981 Based on the difficult fundamental environment, which is far from any positive decisions, the tensions in the Middle East, and the tariff war, I can conclude that gold will try to strengthen once again, as we have technical support: a strong bullish trend, a strong 3004 level, and a cascade of locally rising lows. A failed breakdown will be false and in this case, a price consolidation under 3017 will trigger a fall to 3004. Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
GOLD → Long squeeze (false break of uptrend support) FX:XAUUSD within the liquidation the price is testing the key support at 3004.9 and forms a false break of support. The trend is generally bullish as the geopolitical situation remains tense and carries high risks. Friday saw a liquidation phase relative to the consolidation at 3024-3045. Reason: the White House is expected to revise tariff policy, easing measures against key trading partners. Negotiations over the conflict in eastern Europe, where the U.S. is a key link, also support the positive sentiment. On Monday, market attention will focus on Russia-US talks, as well as preliminary PMI data that could affect the global economic outlook. The focus is on the current consolidation and the 3024 level. If the bulls hold their defenses above this level, gold will continue to strengthen. Resistance levels: 3045 - 3056 Support levels: 3024, 3004 The growth within the bullish trend may continue. The price is forming a consolidation between trend support and resistance at 3024. The emphasis is on 3024, if the bulls hold the defense over this zone, gold may head for a retest of the high (the initial reaction to ATH may trigger a pullback down) Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
BITCOIN → Flag (consolidation) before falling to 78-73KBINANCE:BTCUSD is consolidating after a short-squeeze relative to 85-87K. A bearish set-up is being formed, the break of which may strengthen further decline to the key target of 73K A symmetrical triangle is forming within the downtrend on D1, a breakdown of this structure may strengthen the decline. Locally, within the channel a flag - bearish figure is formed (on the local TF false uptrend, the crowd enters to buy from the support or at the break of local resistance, at accumulation of the necessary potential the big player removes the limit order and releases the price, which is dispersed by liquidation of traders), regarding 85K-86.6K the liquidity capture is formed and the price returns to the selling zone. Consolidation below 85K may trigger a breakdown of the figure support and further fall to 80K-78K Fundamentally: the market sells off any positive news very quickly (negative background is created): crypto summits, (Trump said nothing new at the second summit) positive resolutions of problems (for example between SEC and XRP, or removal of restrictions from local exchanges) crypto reserve The only nuance, bitcoin's dominance index is still high despite the price drop... Resistance levels: 85150, 866700, 89400 Support levels: 82K, 80K, 78200 There are no positive signs for growth. The zone where we can consider a trend reversal ( if something supernatural happens ) is 89-91K, but it is very far away. But now I would consider a breakdown of the flag, or 83.5 - 82.5 and price consolidation below this zone with the purpose of further fall to the local important level 78173. Then another consolidation or correction is possible before a further fall to 73.5K Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
45
GOLD → Consolidation (correction) before growth to $3100FX:XAUUSD is going into consolidation after strong growth on the back of dollar correction. The metal may test deeper support areas before attempting a new high Gold is correcting, but remains in an uptrend The decline in quotations may be seen as a buying opportunity, given the economic uncertainty due to Trump's tariffs and expectations of Fed rate cuts. The Fed reiterated its forecast of two rate cuts in 2025 despite Powell's cautious comments. Gold is further supported by rising inflation risks and geopolitical tensions in the Middle East. Resistance levels: 3045, 3057 Support levels: 3024, trending, 3004 Reaction to support is weakening, even amid the uptrend. Gold may stay in this consolidation until the middle of next week, or it may try to break out of the consolidation to retest deeper support zones, such as the rising trend line or the 3004 imbalance zone, from which the growth may resume. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
GOLD → Fading out before the news. Possible long-squeezeFX:XAUUSD continues its bullish trend, but locally, the movement is in a very narrow channel (wedge). To form a potential for further movement, the price may form a long-squeeze before or at the time of news... Fundamentally, gold remains a bullish asset due to the Fed's rate cut forecasts and economic risks associated with Trump's tariff policy. Gold hit a new high on Wednesday after the Fed reiterated plans to cut rates twice this year, raised its inflation forecast and worsened growth and employment estimates.The price is further supported by escalating geopolitical tensions in the Middle East, with Israel announcing the resumption of ground operations in Gaza. Gold is forming a bull market. Before further growth (before the news) the price may enter the liquidity zone (fvg, 3028, 3024), after which it will continue to grow. Dollar enters local correction before the news, which creates pressure on gold Resistance levels: 3046, 3051, 3056 Support levels: 3038, 3030, 3024 Price is forming a retest of the wedge support, which increases the chances of a breakdown. If the support fails to hold, the price may go down to the above support before rising further. But! If gold bounces from 3038 and consolidates above 3044, the growth will continue without a deep pullback Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
GOLD → Consolidation ahead of Fed rate meeting...FX:XAUUSD goes into consolidation 3038 - 3024 before the news - Fed rate meeting. The situation is generally predictable, but gold is reacting to rising geopolitical risks. Gold is stabilizing before the Fed decision , markets are waiting for the data. The regulator is expected to keep rates, but Powell's forecasts will determine further dynamics. “Hawkish” tone of the Fed may lead to the strengthening of the dollar and gold correction. “Dovish” signals about economic risks will support the growth of metal prices. Geopolitical tensions and Trump's tariffs continue to have an impact.The market is preparing for high volatility on the background of the Fed's decision and events in the world Resistance levels: 2038, 2045 Support levels: 3024, 3015, 3004.9 Several scenarios can be considered for trading: Breakdown of resistance 3038 - 3045, consolidation of the price above the level with subsequent growth to 3050 - 3060. Or wait for the reaction to the news and with a possible breakdown of support to look for strong levels to trade a false breakdown, for example 3024, 3015, 3005. Regards R. Linda!
FX:XAUUSDLong
by RLinda
19