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Descending Channel

EURJPY → False breakout of key resistance ...FX:EURJPY is forming a false breakdown of resistance and draws us a reversal pattern against the upper boundary of the descending price channel, as well as the pressure on the market creates the correction of the dollar... On the daily chart the structure is bearish. After the false breakout of the global resistance a correction is formed, within which the price can test the imbalance zone or the previously broken resistance and continue its fall after the liquidity capture. The global trend is neutral and in this case it is worth considering local support levels as targets Resistance levels: channel boundary, 162.3, 163.0 Support levels: 160.84, 158.9 A retest of the channel resistance or the area of 162.4 - 163 is possible. But any return of the price under the resistance of the descending channel and consolidation of the price in the selling zone may provoke further decline Regards R. Linda!
Short
by RLinda
1
XAUUSD Head And Shoulder pattern breakdownGold update 15m head and shoulder breakdown Key Levels: Resistance Levels: 3,040.000 (Immediate Resistance) 3,050.000 3,060.000 3,070.000 (Major Resistance) Support Levels: 3,022.000 (Immediate Support) 3,014.000 3,006.500 2,999.000 2,991.000 (Major Support) Price Action Overview: Gold is currently trading at 3,033.785, showing a slight upward movement of +1.685 (+0.096%). The price has been consolidating between 3,031.425 (Low) and 3,034.430 (High) in the last 15-minute candle. The market is testing the 3,035.410 level, which could act as a minor resistance. Technical Indicators: USB (Ultimate Support/Resistance Band): Current Value: 38.301 (-1.279) Indicates potential support/resistance zones around 3,830.4. TAT & Skullers Indicator: Current Value: -38.306 (-1.269) Suggests a potential retest or breakdown level around 3,830.6. Market Sentiment: The market is showing slight bullish momentum, but the price remains within a tight range. A breakout above 3,040.000 could signal a stronger bullish trend, while a breakdown below 3,022.000 may indicate bearish pressure. Trading Strategy: Bullish Scenario: Entry: Consider a long position if the price breaks and sustains above 3,040.000. Targets: 3,050.000 (First Target) 3,060.000 (Second Target) 3,070.000 (Major Resistance) Stop Loss: Place below 3,022.000 to manage risk. Bearish Scenario: Entry: Consider a short position if the price breaks and sustains below 3,022.000. Targets: 3,014.000 (First Target) 3,006.500 (Second Target) 2,999.000 (Major Support) Stop Loss: Place above 3,035.410 to manage risk. Risk Management: Always use proper risk management techniques. Risk no more than 1-2% of your trading capital per trade. Adjust position sizes according to your risk tolerance and account size.
OANDA:XAUUSDShort
by ForexOptimizer
USDJPY → Resistance retest (wedge) before the Fed meetingFX:USDJPY is forming a correction to trend resistance as part of the dollar index consolidation. An interesting situation is forming which could be a continuation of the downtrend. Fundamentally, today is an important day. The FED interest rate meeting is ahead. Traders are waiting, the dollar is consolidating at this time. Most likely the rate will remain unchanged, but in this key everyone is interested in Powell's comments on monetary policy and their future actions. USDJPY at this time is forming a correction to the bearish trend resistance, before the news the currency pair may test the resistance conglomerate: a wedge, 0.79 fibo, or an orderblock located outside the channel Resistance levels: 150.16, 150.95 Support levels: 148.92 False breakout of the resistance zone can provoke a fall, as well as breakdown of the support of the “wedge” with the subsequent consolidation of the price in the selling zone. The price may test the zone of interest at 147.6, 146.54. Regards R. Linda!
Short
by RLinda
4
Bitcoin (BTC/USD) Potential Breakout from the Downtrend Channel!Bitcoin is currently trading inside a descending channel, with price consolidating in a small range. A breakout from this zone could trigger a strong bullish move toward the upper boundary of the channel. 🔹 Key Observations: BTC is trading within a well-defined downward channel. Current Consolidation: A small range has formed, suggesting a potential buildup before a breakout. Target Projection: If price breaks out, we could see a move toward the 90,790 level, aligning with the upper trendline. 📈 Bullish Scenario: A breakout above the consolidation area may lead to a push toward 90,790. Confirmation of strength will be needed above resistance levels. 🔻 Bearish Risk: If rejection happens at resistance, BTC may continue downward within the channel. 💡 Key Levels to Watch: Resistance Target: 90,790 Current Support: 82,500 Will BTC break out of the downtrend, or will the channel continue to hold? Let’s discuss below! 📊🔥
BINANCE:BTCUSDLong
by PIPsOptimizer
NZDJPY → Attempting to change the downtrendFX:NZDJPY is trying to get out of the downtrend by breaking the channel resistance. Against the background of local strengthening of the dollar, the currency pair has all chances. Technically, buyers are starting to gain momentum and support the market, it can be seen on the background of locally growing minmiums, which gradually leads to the breakout of the channel resistance. The trigger in our case is the resistance 85.240 - a key level that divides the market into 2 planes. If the bulls are able to consolidate above 85.240, an impulse to 86.13, then 86.88 may be formed in the short-term. Support levels: 84.500, 84.00 Resistance levels: 85.240, 86.13 Initial testing of the trigger may end in a small pullback due to liquidity formed above. The pullback may be directed towards the previously broken channel resistance. But the emphasis is on price consolidation above 85.240, as this will be a prerequisite that the bulls are holding the market in the moment and are ready to keep going up. Regards R. Linda!
Long
by RLinda
3
Gold (XAU/USD) - Potential Liquidity Sweep Before ReversalGold has been in a strong uptrend, forming a rounded bottom pattern, which led to a breakout above key resistance. Currently, price is consolidating near the all-time high (ATH) around $3,005, suggesting a potential liquidity sweep before a larger move. 📌 Key Observations: Rounded Bottom Formation: A bullish reversal pattern led to a breakout. Consolidation Zone: Price is ranging just below the ATH, likely gathering liquidity. Liquidity Sweep & Weak Highs: The chart suggests a push above the ATH to trigger stops before a potential reversal. Projected Bearish Move: A break lower could lead to a corrective move towards $2,920 - $2,800 in the coming sessions. ⚠️ Trading Plan: Bullish Scenario: A clean breakout above ATH with strong volume could invalidate the bearish setup. Bearish Scenario: If the liquidity sweep occurs and price fails to hold above ATH, a strong sell-off could follow. Traders should watch for confirmation signals before entering any positions. Stay cautious and manage risk effectively! 📊 What are your thoughts? Will gold continue higher or reverse? Share your views below! #XAUUSD #Gold #Trading #Forex #LiquiditySweep #ATH
OANDA:XAUUSDLong
by PIPsOptimizer
2
BITCOIN → Short-squeeze 86-89K before falling further to 75KBINANCE:BTCUSD continues to form a downtrend after breaking the bullish structure on the weekly timeframe. There is no bullish driver yet, and technically, the price is heading to the global imbalance zone of 75-73K The past crypto summit and any other talk of cryptovalt support cannot support the market. Such events end with further market decline. Technically, the market continues to form a downtrend (global counter-trend), based on this alone, we can say that the price is now going against the crowd and this is generally logical behavior. Globally, the zone of interest is located in the following zones - 75K, 73K and order block 69-66K Locally, I would emphasize the nearest liquidity zones, located at the top, which can be tested before the further fall: 86697, 89.397 Resistance levels: 85135, 86678, 89397 Support levels: 79987, 78173, 73512 After the false break of 78K support there is no strong reaction, the market is forming a struggle for 84-85K zone, which generally indicates buying weakness. Before the further fall there may be a short-squeeze relative to the above mentioned zones of liquidity, which may lead to a further fall Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
33
Bitcoin Rejection at Resistance – More Downside Ahead?BTC/USD is trading within a descending channel, and price is now testing a key resistance zone near $84,500. If sellers step in, we could see a strong rejection leading to a further drop. 📍 Trade Setup: Short Entry: Near $84,500 - $85,000 (resistance zone) Stop Loss: Above $87,400 (to invalidate bearish setup) Target: $71,700 - $71,500 (lower boundary of the channel) 🔍 Technical Factors: ✔️ Bearish market structure with lower highs and lower lows ✔️ Resistance zone acting as a strong supply area ✔️ Descending channel guiding price lower 💡 Trading Plan: Look for rejection signs (bearish wicks, engulfing candles, or trendline rejections) before confirming a short position. A break above $87,400 could invalidate this setup and signal a potential reversal. 📢 What’s your view? Will Bitcoin break down, or are the bulls ready to take control? Let’s discuss! 🚀👇
BINANCE:BTCUSDShort
by ForexOptimizer
XAU/USD Reversal Setup – Potential Drop Incoming!Gold (XAU/USD) has recently tested a key resistance zone around $2,990, where price action is showing signs of rejection. The market made a strong bullish push, but the momentum appears to be fading near this supply zone. 📉 Possible Scenario: A bearish reaction from this resistance level could lead to a retracement towards the next key demand zone between $2,860 - $2,840. If selling pressure continues, we might even see a retest of the $2,822 support level. 🔍 Technical Outlook: Price is currently at a resistance zone, making it a high-probability short setup. Confirmation with bearish candles or trendline breaks could provide more confidence for sell entries. Targets for shorts are set at $2,860 and potentially $2,822. 💡 Trading Plan: Look for bearish confirmations (rejections, engulfing patterns, trendline breaks) before entering short trades. A daily close above $3,000 would invalidate this setup and could signal further bullish movement. What do you think? Are you bearish or bullish on Gold? Drop your thoughts in the comments! 📊🔥
OANDA:XAUUSDShort
by ForexOptimizer
DEGOUSDT → An attempt to change the trend will end in a fallBINANCE:DEGOUSDT.P tried to break the trend, but faced strong resistance and a weak cryptocurrency market. The fall may continue... After breaking through the resistance of the descending channel, a bullish momentum (distribution) of 45% is formed, but the price bumps into a strong resistance of 2.11 - 2.18, which forms a trading range. Bears are not ready to give this zone to buyers and put pressure, a false breakout of resistance is formed after a long struggle for this zone and liquidation is formed when the base of 2.0 is broken. Buyers are in the panic zone. If the price fixes below 2.11 - 2.18, the fall in the short or medium term may continue. Resistance levels: 2.00, 2.18, 2.274 Support levels: 1.75, 1.584, 1.359 The market is generally weak and altcoins are reacting aggressively to local bitcoin movements (the point of which is to gather liquidity before a further fall). BTC has not yet reached a key target, which together with the lack of a bullish driver in the market creates pressure for altcoins. Regards R. Linda!
Short
by RLinda
2
Bitcoin - 60% crash to 32K | ETH is dying | Trump scam?Technically, Bitcoin is entering a huge bear market! This is what my charts and fundamentals tell me at the moment. Trump returned to the White House on January 20, 2025. This day, Bitcoin hit a new all-time high (109,588 USD), and since then, Bitcoin has been going only down! In 2019, Trump said he is not a fan of crypto. x.com So isn't it weird that Bitcoin has been going down since the beginning of his presidential post? (On January 20). Random or planned? Answer by yourself, but something seems to be fishy here. What about the latest Trump post on TruthSocial about the strategic crypto reserve? The market reacted very positively, but after a few days, the whole market completely crashed and is now finding its new low. Was this another trap? Clearly, everyone who bought into this news is at a loss on his trading account; that's for sure. What is happening to Ethereum? Ethereum is almost at the same price it was in 2018!! 7 years ago, the price of Ethereum was 1440 USD; the current price is around 1700 USD. I predict ETH to go to 750 USD in 2026. Why is this new technology struggling? Investors all over the world and early adopters are very disappointed by the performance of this coin. It also seems like the crypto market completely collapses, and only Bitcoin is surviving. Even though Bitcoin hit only 109k, which was most likely the ultimate top for the next few years, it was also less than everyone expected. I don't really want to talk about other altcoins because they are down 95% to 99%, and this bull market did nothing (sideways price action). In conclusion, this was the weakest bull market in history. From a technical point of view, Bitcoin (and all altcoins) is breaking down on the weekly chart! The bullish market structure is broken, and we entered a new downtrend. Where to buy BTC, ETH, SOL, XRP, and other coins? You can write me a comment below, and I will tell you. I start with BTC—buy Bitcoin at the 0.618 FIB retracement. This FIBO is at 32 688 USDT, so we need to wait 1 year for the price to come to this level. Be patient. So what to buy? Maybe focus on very low-cap coins; they do not follow the general trend (bull or bear). I have a tip for many coins, such as ATC (AutoTCrypto). Contract EQBMxFekc39SONbY8Mes8IwnZZlsPzeZhwz2c7sqMkkjI0uy. Where to buy? Use a decentralized exchange, such as dextools or ston.fi. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
177
QUICKUSDT → Pending a false breakout of resistanceBINANCE:QUICKUSDT is forming counter-trend movement to the resistance of the range - 0.02957. A false breakdown of the key level is formed against the background of the downtrend The cryptocurrency market is experiencing bad times. While bitcoin is testing new lows - 76K, altcoins are cutting through to find another bottom. QUICK stands out in this picture, testing a strong resistance (liquidity) zone 0.02845 - 0.02957 and forming a false breakout. BUT! in the morning session bitcoin strengthens after a strong fall and can pull the whole market up with it. Thus, before the further fall another attempt to retest 0.02953 or update the tail of the false breakout at 0.03000 (0.7fibo) is possible. Resistance levels: 0.0285, 0.02953, 0.0300. Support levels: 0.0243, 0.02118 If the next resistance retest ends in a false breakdown and price consolidation under 0.02957, QUICK coin may continue its decline in the short and medium term. Regards R. Linda!
Short
by RLinda
1
POPCATUSDT → False breakout of bearish trend resistanceBINANCE:POPCATUSDT.P is testing trend resistance on the 4H timeframe. A sharp approach and a false breakdown of the upper boundary of the channel may provoke a correction or continuation of the decline The global trend is downtrend, the locational trend also coincides with the global trend. Bitcoin cannot become a bullish driver for altcoins yet. Yesterday's economic news also had a negative impact on the market. In addition, the cryptocurrency community was betting big on Trump, but he has put cryptocurrencies on the back burner. Technically, POPCAT is testing the channel resistance with a false breakout within the downtrend. Consolidation of the price below 0.322 could trigger further selling. Resistance levels: 0.322, correction resistance Support levels: 0.2386, 0.1596 I do not exclude the possibility of retesting the resistance of the correction channel, but due to bearish pressure and weak market the decline may continue. Regards R. Linda!
Short
by RLinda
4
SOLVUSDT → Retest of resistance in a bearish trendBINANCE:SOLVUSDT is strengthening within a neutral range, which is formed amid a downtrend. Cryptocurrency market quickly sells off potential after Sunday's news Bitcoin is back to the selling zone, under the 90K area. A subsequent decline in the flagship could negatively impact the entire market. SOLV is forming a range of 0.044 - 0.0292. The price is strengthening and tends to the zone of interest and liquidity. Against the background of key preconditions (downtrend, weak market, absence of driver, falling bitcoin) we can assume that the coin has no potential for further growth and the current maneuver may end up with a false break of resistance followed by a fall. Resistance levels: 0.0436, 0.0439, 0.0494 Support levels: 0.0369, 0.0345 From the opening of the session, the daily ATR will be exhausted by the time resistance is reached, thus there will be no potential for resistance breakout. High probability of a bounce from 0.0436-0.0439 with the purpose of further fall to the key zones of interest located below. Regards R. Linda!
Short
by RLinda
1
BTC/USD Daily Chart Analysis! Detailed AnalysisCurrent Market Overview: Bitcoin (BTC/USD) is currently trading around $85,963, showing a decline of -0.92% on the daily timeframe. The price action indicates the formation of a potential double top pattern, suggesting a possible trend reversal. Key Technical Observations: 1. Double Top Formation (Bearish Reversal Pattern) Top 1 & Top 2 indicate a classic double top pattern, signaling potential weakness in bullish momentum. The price failed to break above resistance, confirming selling pressure at higher levels. A confirmed breakdown from this pattern could lead to a significant decline towards key support levels. 2. Breakdown of Ascending Trendline The chart shows an ascending trendline, which has now been broken. This break signals a shift in market structure, favoring a potential bearish trend. After breaking the trendline, BTC/USD may attempt a retest before continuing lower. 3. Support Levels & Take Profit (TP) Targets TP1: $68,296 – This level acts as the first major support and potential take-profit zone for short sellers. TP2: $49,433 – A stronger support zone aligning with a previous accumulation area. If BTC breaks below TP1, TP2 becomes the next key level to watch. Potential Price Scenarios: 🔴 Bearish Scenario (Primary Outlook) BTC/USD retests the broken trendline or recent highs before continuing downward. Price drops towards TP1 ($68,296), where a temporary bounce may occur. If the selling momentum continues, BTC could fall further towards TP2 ($49,433), a major historical support level. 🔵 Bullish Scenario (Less Likely Alternative) If BTC holds above $85,000 and breaks above the double top resistance, the bullish trend may continue. A strong push above $90,000 could invalidate the bearish outlook, leading to new all-time highs. Trading Plan & Strategy: ✅ For Short Entries: Look for a retest of the broken trendline or rejection at $90,000 resistance before entering. Target TP1 ($68,296) as the first take-profit level. If price continues dropping, hold for TP2 ($49,433). ❌ For Long Entries (Risky): Only consider longs if BTC reclaims the $90,000+ level with strong volume. Set stop-losses below $85,000 to manage risk. Final Thoughts: Bitcoin shows bearish signs with a double-top formation and a trendline breakdown. While a short-term bounce may occur, the overall outlook suggests a move towards $68,000 and potentially $49,000. Traders should wait for confirmation before entering trades. 📉🚨
BITSTAMP:BTCUSDShort
by GoldMasterTrades
13
BITCOIN → The fall continues... 82K → 76K → 73KBINANCE:BTCUSD is in a sell zone. Trump's comments on the federal reserve, crypto summit failed to impact the crypto market other than a global shakeup and liquidation... The market has failed to see a proper bullish driver, so far. Trump's comments on the Fed ended in a global shakeup (liquidation). Yesterday's summit went so far as to prevent the cryptovalt market from turning green. Technically. Global growth is temporarily halted, the flagship is moving into a deep correction phase, with 73K still the primary target. The market needs liquidity, as it will not be possible to grow at the expense of buyers and only bullish leverage all the time. Price is forming a 90K - 82K range in the short zone after exiting the global consolidation. False break of 91K resistance ( global consolidation support ) ended with a fall, which may continue to both 82K and 73.5K. Resistance levels: 89400, 91K, 93K Support levels: 82K, 78K, 73K The key zone of interest and liquidity is 73-66K. The price is working on a false break of resistance, the imbalance of forces in favor of bears, thus the first stop may happen in the zone of 82K ( lower boundary of the range ). Further it is necessary to observe the reaction to the support. Consolidation, breakdown and consolidation below 82K will provoke a fall to lower targets. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
71
XAU/USD Daily Chart Analysis! Detailed ExplainationMarket Overview: Gold (XAU/USD) is currently trading around $2,910, showing a slight decline of -0.05% on the daily timeframe. The market has been in a strong uptrend, breaking previous structures and forming higher highs and higher lows. However, the current price action suggests a potential pullback before another bullish continuation. Key Technical Observations: 1. Resistance & Strong Resistance Zone ($2,950 - $3,000+) The price has reached a strong resistance zone near the $3,000 psychological level, where selling pressure is evident. A weak high has been marked, indicating that buyers may attempt to break this level, but sellers could push the price down before any significant breakout. If price successfully closes above this resistance, it could trigger further bullish momentum towards $3,100 or higher. 2. Support and Demand Zone ($2,750 - $2,800) The demand zone between $2,750 and $2,800 has historically acted as a strong support level. This zone aligns with previous price accumulation and a key structural support level. A pullback to this area could present buying opportunities, as institutional buyers may step in. 3. Market Structure and Breaks of Structure (BOS) & Change of Character (ChoCH) Multiple Change of Character (ChoCH) points have been noted, signaling shifts in momentum. The Break of Structure (BOS) suggests a continuation of the prevailing bullish trend, with minor corrections along the way. The most recent ChoCH indicates a potential short-term bearish retracement before a continuation to the upside. 4. Strong Low and Potential Support Levels ($2,500 - $2,600) The strong low is marked below $2,500, which acts as a long-term support zone. If the demand zone at $2,750 - $2,800 fails, the next major support area lies around $2,600. However, given the overall bullish trend, a drop to these levels would likely be short-lived unless macroeconomic factors shift significantly. Potential Price Scenarios: 🔵 Bullish Scenario (Primary Outlook) Price may retrace towards the $2,750 - $2,800 demand zone. If buyers defend this level, we can expect a bullish reversal towards $2,950 - $3,000 resistance. A strong breakout above $3,000 would likely trigger further upside momentum towards $3,100+. 🔴 Bearish Scenario (Alternative Outlook) If sellers take control and push price below the $2,750 support, further downside could follow. In this case, the next major support levels would be $2,600 - $2,650, where buyers may re-enter. A breakdown below $2,500 would signal a shift in long-term market structure, invalidating the bullish trend. Trading Plan & Strategy: ✅ For Long Entries: Look for bullish price action (e.g., pin bars, bullish engulfing candles) in the $2,750 - $2,800 demand zone. Target $2,950 - $3,000 as the first take-profit level. If price breaks above $3,000, hold positions for a move towards $3,100 or higher. ❌ For Short Entries: If price struggles to break above $3,000, short positions can be considered with stop losses above resistance. Targets for short trades: $2,800 (first TP), $2,650 (second TP). Final Thoughts About Trend: Gold remains in a strong bullish trend, but a short-term retracement could be expected before the next rally. Traders should focus on key levels like $2,750 - $2,800 support and $3,000 resistance to confirm the next move. Watch for confirmation signals before entering trades. 📊🚀
OANDA:XAUUSDLong
by GoldMasterTrades
USDJPY → Readiness to break the daily support levelFX:USDJPY is testing strong key support at 148.64 for a breakdown. A falling dollar could affect further movement The falling dollar is supporting the Japanese Yen, thus we may see the currency pair falling. The price is trying to break the support of the daily level. A pre-breakdown consolidation of 150.3 - 148.64 is formed relative to this support. The last retest of the level ended with a small false breakdown, indicating that there is no one to defend the support anymore, there was no reaction except for another local consolidation, the purpose of which is to accumulate the potential to break the support. Resistance levels: 150.3, 150.95 Support levels: 148.64, 147.17 The focus is on the level of 148.64 concerning which the market is struggling. The bulls have little chance to hold this level, as the dollar's fall exerts quite a lot of pressure. The breakdown and fixing of the price below 148.64 may provoke a fall to 147 - 144. Regards R. Linda!
Short
by RLinda
3
Bitcoin (BTC/USD) – Symmetrical Triangle Breakout or Breakdown?Bitcoin is currently consolidating inside a symmetrical triangle on the 1H timeframe, preparing for a strong move in either direction! Key Levels to Watch: 📌 Breakout Target: $105,939 (+18%) 🚀 📌 Breakdown Target: $73,429 (-18%) ⚠️ 📌 Resistance Zone: $92,000 (important breakout level) 📌 Support Zone: $84,000 (potential breakdown zone) Technical Analysis: 🔹 BTC is forming a symmetrical triangle, which typically leads to a strong breakout or breakdown. 🔹 A breakout above $92,000 could send Bitcoin towards $105,939. 🔹 A breakdown below $84,000 could push BTC towards $73,429. 🔹 Confirmation with volume is key before entering a trade! Trade Plan: ✅ Bullish Scenario: Buy above $92,000, target $105,939 ❌ Bearish Scenario: Short below $84,000, target $73,429 🎯 Wait for a confirmed breakout or breakdown before entering a position. Bitcoin is at a critical decision point—which way will it go? Let me know your thoughts in the comments! 🚀👇
BINANCE:BTCUSDLong
by GoldMasterTrades
CAKEUSDT → False breakout of resistance. Return to the trendBINANCE:CAKEUSDT is forming a false breakdown of key resistance as part of a bullish rally. Further altcoin decline may be influenced by bitcoin's decline, the flagship looks rather weak Technically, the move in Cake looks like a counter-trend maneuver to gather liquidity before a further, possible fall. The altcoin market is weak and most coins continue to look for a bottom, while bitcoin is consolidating but with a hint of a decline to 91-90K. CAKEUSDT is focusing on 2.6144 - 2.7288. If the bears keep the price below these zones, the coin could head down in the short to medium term Resistance levels: 2.6144, 2.7288, 2.2964 Support levels: 2.420, 2.0634 Statistically, a false breakdown provokes the strongest movements, often even trend changes. In this case, it is a counter-trend movement and if the price reverses locally, the coin will be under the pressure of the trend again. A price fixing below 2.6144 may strengthen the fall to 2.42, 2.06, 1.04. Regards R. Linda!
Short
by RLinda
11
GOLD → Local downtrend, price under bearish pressureFX:XAUUSD has been strengthening since Friday. Standard reaction to the false break of the support at 2834. Price is still in a selling zone and heading for resistance before a possible pullback to the downside. The $ has strengthened strongly over the past week and looks poised to continue its rise, but it all depends on the tariff war, economic risks and regulatory policy in the US. Markets are reacting to attempts to regulate the war in eastern Europe. Ahead are Fed statements and US economic data. On 4H, gold is trading flat 2881 - 2834. Below 2881 gold is under bearish pressure (selling zone). But, due to the liquidity created in the 2878 - 2881 area, gold may test the area of interest before returning to the downside. Resistance levels: 2869, 2877, 2881 Support levels: 2859, 2834 At the moment consolidation is forming below 2869 (0.5 fibo) after a false breakdown. If the bears keep the price under the level, the decline may start earlier. We also have another trigger - 2859. A breakdown of this support will trigger a sell-off and liquidation, which may lead to a fall to 2834. Regards R. Linda!
FX:XAUUSDShort
by RLinda
9