GOLD forms a DOUBLE TOP. Support 3200. Trend reversalGOLD is forming support for the double top reversal pattern
A break of 3200 will confirm the market's intention to reverse the trend and go downwards.
Scenario: There is a lot of important news from the US and Great Britain ahead. If the general fundamental background remains and the dollar continues its bullish trend, then we will be close to a breakdown of 3200.
Thus, a break of 3200 and consolidation below the level will be a signal that we are ready to go down.
Consolidation
NZDUSD is preparing for a reversal and a fallNZDUSD is in consolidation and preparing to exit it. Ahead is possible breakout of trend support and fall to 0.5757
The reason is as follows: change of fundamentals background (positive signals on tariff war), dollar growth and market reversal.
Scenario: break of consolidation support at 0.5885, price consolidation below this level - this will be a signal ready to start distribution, i.e. downward movement.
Primary target 0.5 fibo, secondary target 0.7 fibo
VIRTUALUSDT can derail support with momentumVIRTUAL is consolidating after the rally, but it cannot continue its growth yet. A descending triangle with a clear base support and a fourth retest relative to 1.877 is being formed, which in general only increases the chances of support breakout and decline
Scenario: if the compression of this format (within the descending triangle) continues and the price continues to compress to the support at 1.877, then in this case it will be possible to catch a breakout through a limit order. A sharp impulse is possible. As the first target I will wait for a decline to 0.5 fibo (1.73)
EURJPY → Storming the resistance. Ready for the rallyFX:EURJPY is rising amid a stronger dollar and positive news about the de-escalation of the trade war. The currency pair is storming the resistance of the range.
The currency pair is forming a retest of resistance. A breakout and consolidation above 164.19 - 164.50 could support the market amid the dollar's growth.
The dollar is strengthening after positive news related to the de-escalation of the trade war. Against this backdrop, the Japanese yen is losing ground, which is generally affecting EURJPY.
A move above the key level will confirm a breakout of the resistance of consolidation, which could trigger a distribution phase...
Resistance levels: 164.19, 166.7
Support levels: 163.15, 162.38
The price has already entered the buying zone, meaning that resistance has been broken. All that remains is to wait for confirmation that the bulls are ready... Consolidation above 164.19 - 164.5 will confirm this, and in that case, we can expect distribution towards 166.7.
Best regards, R. Linda!
BITCOIN → Consolidation before the rally. 106K - 110K?BINANCE:BTCUSDT , after breaking out of consolidation at 97,860 and distributing to 104,300, has returned to a consolidation phase, which is generally a positive sign for possible continued growth.
The growth of Bitcoin is linked to several reasons:
General improvement in the global market situation — easing of trade conflicts; Expectations of a US Fed rate cut; Influx of investment into Bitcoin ETFs
Technically , we see the price breaking out of its local downtrend and entering a strong distribution phase. The northern train continues to pick up passengers.
At this stage, I would like to draw your attention to the consolidation at 104300 - 102300. A rebound from resistance is currently forming, and we need to monitor the levels of 103300 - 102300 - 101700. These are quite important areas of interest. A false breakdown (liquidity capture) may form before further growth. A return to resistance and the formation of pre-breakout consolidation, for example between 104300 and 103300, will only increase the chances of a breakout of resistance and growth to 106-107K.
Resistance levels: 104300
Support levels: 103300, 102300, 101700
The trend is bullish, with Bitcoin consolidating. The coin is not going to fall (at the moment), but to build up potential, the price may form a false breakdown of support (a deceptive maneuver) before continuing to rise. Retesting the 104300 level could lead to a breakout and upward distribution.
Best regards, R. Linda!
GOLD → Return to range. Fall from resistance...FX:XAUUSD is reacting to data related to the tariff war. The price is returning to the range and forming a false breakout of resistance. The level of 3370 and the zone of interest at 3387 play a key role.
On Thursday, gold rose to $3,400 amid a weaker dollar, increased demand for safe-haven assets, and continued uncertainty due to US trade policy and tensions in the Middle East and Ukraine. The Fed left rates unchanged and expressed caution in its assessment of the outlook, which also supports gold's rise.
However, in the European session, we are seeing gold react to the trade deal with Britain, most likely due to the easing of tariffs. Now the main focus is on the terms of the deal. We should not forget about China, where the situation remains tense, but everyone is waiting for a resolution.
Resistance levels: 3352, 3369, 3385
Support levels: 3319, 3269
The fundamental backdrop changes several times a day. At the moment, the situation is as follows: the rise of the dollar, the weakening of the tariff war, and the hawkish stance of the Fed may put pressure on gold. Therefore, I expect the decline to continue after a retest of 3370-3386. In this case, the target could be 3319.
Best regards, R. Linda!
SOLANA → Resistance level and free zone for growth up to 180.0BINANCE:SOLUSDT.P is holding steady and consolidating near the resistance level of the global price range of 152.85–111.85. Thus, the market has signaled that it is in a positive mood. A trigger is ahead...
SOL is forming a flag consolidation near the upper border of the trading range of 152 - 111, which indicates the accumulation of pre-breakout potential. A breakout from the flag, a break of resistance, and consolidation above 152.85 could provide support and growth. The cryptocurrency market is reviving after yesterday's news and relatively positive data in the tariff war. Countries are gradually beginning to agree, which is generally supportive for the crypto market.
Resistance levels: 152.85
Support levels: 144.6, 141.2
A breakout of the resistance range of 152.85 and consolidation of the price above this level will confirm the readiness for further growth. Further on, there is a free zone and the price can easily reach 180.00.
Best regards, R. Linda!
US100 - Liquidity sweep likely before bullish continuationFollowing a significant upward move last week, the US100 (Nasdaq 100 index) has entered a period of consolidation, currently exhibiting a ranging structure characterized by lower highs and relatively equal lows. This pattern typically suggests a tightening market where bullish momentum is cooling but not yet decisively reversed.
The presence of equal lows is particularly notable from a liquidity perspective. In retail trading behavior, such levels often attract a high concentration of stop-loss orders placed just below the support zone. Market participants perceive these lows as a reliable level of support, but in doing so, they inadvertently create a pocket of liquidity just beneath them.
Institutional players and market makers are well aware of these dynamics. It's common in such scenarios to witness what is known as a liquidity sweep, a short-term move below support levels to trigger stop-losses, fill large buy orders, and shake out weaker hands before the market resumes its dominant trend.
Given the current context, there's a high probability that we may see a downside sweep targeting the liquidity resting beneath the equal lows. This move would likely be swift and sharp, clearing out stop orders before a potential bullish reversal unfolds. If confirmed, such a move could mark the end of the current range and initiate a new impulsive leg higher in the broader uptrend.
Traders should watch for signs of price rejection or bullish divergence following the sweep as potential confirmation of this scenario. Until then, it’s prudent to remain patient and avoid getting trapped in the chop, especially near well-watched support zones.
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GOLD → The rally has given way to a correction. News aheadFX:XAUUSD is rising amid a challenging geopolitical environment. During the Asian session, a correction to the zone of interest (0.5 Fibonacci) is forming. The situation is quite complex and tense.
On Tuesday, the metal strengthened to 3433 due to tensions in the Middle East, but during the Asian session, gold fell sharply due to optimism surrounding the upcoming US-China trade talks, the strengthening of the dollar, and profit-taking ahead of the Fed's decision.
Investors are waiting for Powell's speech, which will determine the future of interest rate policy.
Despite the decline, gold is supported by ongoing geopolitical risks in the Middle East, Eastern Europe, and South Asia.
Theoretically, if the bulls keep the price above 0.5 Fibonacci, the growth may continue to 3439, as the price has not yet reached the liquidity zone.
Resistance levels: 3439
Support levels: 3369, 3352
However, unpredictable data could trigger a return of the price to the range and a correction to 3323-3300. Risk is posed by upcoming news: FOMC, Powell's speech, and the rate meeting. The Fed's hawkish stance could put pressure on gold...
Best regards, R. Linda!
NZDCAD → Intra-range trading. Retest of resistanceFX:NZDCAD is strengthening within a neutral trading range. The currency pair is supported by the dollar's correction, but how long will this last? Ahead of us are the FOMC meeting and Powell's speech...
The focus is on the trading range within which the currency pair continues its local trend. Liquidity around the 0.8317 level is attracting the price. The correction of the dollar is having a positive effect on the NZD. However, news is ahead, and traders are expecting a hawkish stance from the Fed. Against this backdrop, a reversal may occur...
Since the currency pair is in a neutral range, there is a high probability of a false breakout and correction.
Resistance levels: 0.83175
Support levels: 0.82644, 0.8235, 0.8225
The liquidity zone is likely to stop the price (temporarily or reverse it). Further movement depends on fundamental sentiment, but based on rumors about the Fed's position, it is worth carefully analyzing what data the market will receive this evening. A tougher Fed policy or hints of one could strengthen the dollar and weaken currencies...
Best regards, R. Linda!
Morning Star To Wake GU TradersFX:GBPUSD has fallen into a Wedge Pattern after breaking Mondays Highs!
Price this morning has seemingly found Support at the 50% Retracement level signaling the potential ending of the Consolidation phase of the Wedge!
This Retracement comes in the form of a Morning Star, a strong Triple Candle Reversal Pattern!
If Price is supported in this area, we could see a Bullish Break to this Pattern delivering a Long Opportunities as a Break and Retest Set-up!
Gold may break out of the range and rise to 3450GOLD is rising and testing the resistance of the trading range. The important prerequisite is no drop after false breakout. Accordingly, buyers are building up and a close above 3367 may give a chance for a rise
The fundamental situation is changing, Trump is imposing new duties. In addition, gold is reacting to the escalation of the conflict in the Middle East. The metal continues to be a magnet for money
Scenario: A break of range resistance and consolidation above 3367 activates buying. The target of 3407 is 3444
GOLD → An amazing recovery. Up to 3400?FX:XAUUSD continues to strengthen, testing resistance in the range, with buyers not giving up. The price breaks through the flat line and enters the buying zone; everything depends on the bulls...
Gold is rising for the second day in a row amid a weak dollar, increased demand for safe assets, and escalating conflicts in the Middle East and Eastern Europe.
Market nerves are being stoked by trade risks and instability in Asia, while investors await the Fed's decisions and Powell's speech.
GOLD is breaking out of its neutral range. Focus on 3369 and local resistance at 3381. The fundamental backdrop is favorable for gold. If buyers hold their ground above the indicated levels, the price may continue to rise.
Resistance levels: 3369, 3381, 3408
Support levels: 3352 (0.5f), 3330
I do not rule out the possibility of a retest of the local liquidity zone (long squeeze) at 3352 (0.5f) before continuing to rise. But at the moment, the focus is on 3369-3370, which are key levels (currently acting as support).
Best regards, R. Linda!
USDCAD → Storming the support level to break throughFX:USDCAD continues to storm support within the trading range amid a global downtrend
The currency pair is within the range, but the battle for support continues. The reaction to false breakouts is weakening and the price continues to attack the 1.378 level, which only increases the chances of a further decline
The dollar is rebounding from resistance and beginning to fall, which is having a corresponding effect on USDCAD. If the currency pair breaks 1.378 and consolidates below the level, this could trigger a continuation of the trend after consolidation...
Resistance levels: 1.381, 1.383
Support levels: 1.378, 1.374
Focus on the lower boundary of the trading range at 1.378. The role of the range is consolidation against the backdrop of a downtrend. Thus, a breakout of support will activate the distribution phase
Best regards, R. Linda!
GOLD → Gold not ready to fall? What's going on?FX:XAUUSD is forming a local bottom and is not ready to continue falling. The price is breaking through the downward resistance amid a weakening dollar and a complicated fundamental backdrop.
At the beginning of the week, the price of gold stabilized above $3,250 as investors returned to defensive assets due to ongoing uncertainty surrounding US trade agreements with China and Japan, as well as growing geopolitical tensions in the Middle East and Ukraine.
The weakness of the dollar ahead of the Fed meeting and declining expectations of a rate cut are also supporting demand for gold. The focus remains on US trade news and the possible hawkish tone of the Fed this week.
Technically, the price is testing the bottom of the range as resistance. If there is no reaction to the false breakout and the price continues to storm 3268, then a breakout and consolidation above the level will allow it to strengthen to 3292-3314.
Resistance levels: 3269, 3294, 3314
Support levels: 3243, 3222, 3204
The price is forming a second retest of 3269 since the session opened. Buyers are testing resistance for a breakout. If the bulls break 3269 and consolidate above 3270, the chances for growth will be good. I do not rule out the possibility of a retest of the liquidity zone at 3243 before growth.
Best regards, R. Linda!
EURJPY → False breakout of strong resistance at 164.FX:EURJPY rallies on news and reaches an important milestone. The liquidity pool formed above 164.00 may prevent the price from rising. There is a high chance of a false breakout.
Against the backdrop of the dollar's growth caused by PMI news, the currency pair is forming a retest of the key resistance level of 164.188 as part of a consolidation distribution and, with no possibility of continuing its growth, is making a false breakout.
Consolidation in the sell zone (below 164.188) will trigger a reversal and a fall.
Overall, the situation is neutral, with the market in a sideways range, and a false breakout could lead to a correction or reversal of the local trend.
Resistance levels: 164.188
Support levels: 163.17, 162.57
The formation of a reversal pattern relative to resistance and price consolidation below the level could give a good signal for a reversal.
Best regards, R. Linda!
SPX 1st rejection1st rejection of last week's close. I say mark the zone and be cautious. Key levels will be targets (daily hi & lo minimum). If your hit targets, take profit. when aiming above, take the trade from a support level or specific candle shift.
Again... FOMC Wed 5/7. Will update my thoughts daily this week.
I SPY levels....It's a FOMC week (scheduled for Wed 5/7). So you can use your skills to scalp prior if you can.
Levels to mark...
*week hi/lo
*day hi/lo
those levels should be helpful when you spot intraday setups (if you can). if you can plan a strong $1 move, you can win $50. play to your strengths. that's all i'm going to do.
BITCOIN → Correction to the risk zone. Rise or fall?BINANCE:BTCUSDT has updated its local maximum to 97,900, the market structure is quite positive, but still depends on the fundamental background and the behavior of the S&P 500.
The fundamental reasons that influenced the growth are the improvement in the tariff situation in the US and relations with China. Bitcoin's growth strengthened as the SP500 index rose, with which it has a fairly high correlation. In the second half of this week, the price broke out of the two-week consolidation, breaking through the resistance level of 95,500 and updating the local maximum. A correction is forming within the local upward channel.
95,000 is the liquidity and risk zone. That is, if the bulls hold their defense above 95K during the retest, Bitcoin will continue to grow in the short and medium term. Otherwise, a break of 95K could trigger a drop to 92K-88K.
Resistance levels: 97,425, 99,475
Support levels: 95,500, 92,000
All eyes are on the 95.5K support level, below which a huge liquidity pool has formed. Growth may be influenced by a retest (false breakout of support) and an imbalance of forces in the market. But we need to be careful, as the market will react to economic data. BUT! A return of prices to the selling zone (below 95000 - 95500) and the inability to continue growth could trigger a correction and liquidation.
Best regards, R. Linda!
HelenP. I Euro may correct to trend line and then rebound upHi folks today I'm prepared for you Gold analytics. After a sharp, impulsive rise, price entered a broad consolidation phase between 1.1575 and 1.1270 levels, creating a horizontal channel where price oscillated for several sessions. This type of structure often serves as a re-accumulation zone during a trending market. What's particularly notable is the recent touch of the lower boundary of the range, which coincided with a retest of both the ascending trend line and the support zone around 1.1270 points. This confluence of technical factors makes the current area critical for further price development. Following the bounce from the support zone, the pair is showing early signs of recovery. The trend line has held firmly, and buyers stepped in with a reaction candle confirming demand interest. While EUR is not yet out of the consolidation, the structure suggests strength and potential continuation. Given the alignment of the upward trend line, support zone validation, and stabilization after the drop, I expect that EURUSD may climb almost toward the upper boundary of the consolidation. That's why my current goal lies at 1.1500. If you like my analytics you may support me with your like/comment ❤️
GOLD → Correction before NFP. What are the chances of a decline?FX:XAUUSD strengthens amid dollar correction. The market is correcting ahead of NonFarm Payrolls, trying to accumulate potential before high volatility.
Gold recovers ahead of US employment report
On Friday, gold rebounded from a two-week low, recouping some of its losses ahead of the release of US labor market data (NFP), which could set the tone for prices going forward. Amid optimism over trade talks and a strong dollar, gold ended its worst week in two months, but geopolitical tensions and a potentially weak jobs report could boost demand for safe-haven assets again.
The correction in the dollar gives gold a small chance to strengthen. However, fundamentally, the overall trend has already set the tone and gold may continue to fall.
Resistance levels: 3268, 3285, 3295
Support levels: 3227, 3204
The correction may reach a local zone of interest (money pool) — liquidity above 3270, or the 0.7 Fibonacci zone, after which the price may continue its course along the new trend — down to 3193.
However, unpredictable and unexpected data could disrupt the structure and push the price up to 3320-3350.
Best regards, R. Linda!
USDJPY → Price in range, retest of resistanceFX:USDJPY is emerging from local consolidation in hopes of seeing economic data that could support the dollar. The target for this movement could be the liquidity zone at 144.00.
The currency pair is trading within a neutral range of 144.14 - 141.64. However, a local consolidation has formed within the range, from which the price has broken out. The main task for the bulls is to hold the defense above 142.75, in which case we will be able to catch the price distribution to the upper border of the global range of 144.14.
News ahead, positive data may strengthen the dollar, which will accordingly affect USDJPY, but there is strong resistance at 144.14, whose liquidity pool may trigger a downward rebound. The trend is neutral.
Resistance levels: 143.9, 144.14
Support levels: 142.75, 141.98
There are no reasons to exit the global range. Over the past two weeks, this will be the first retest of the 144.14 zone, which in general only increases the chances of a false breakout and correction.
Best regards, R. Linda!