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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
12
EURO - Price can correct to support area and rise to $1.0955Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to grow inside a rising channel, where it broke the $1.0345 level and then it reached the resistance line. Next, price made correction to support line of channel and then it quickly reached $1.0345 level and broke it again. After this, price continued to grow in the channel, and later, it exited from it and rose to $1.0765 level. Soon, price broke this level and started to trades inside flat, where it reached top part of flat and some time traded near. Then it started to decline, so, now I expect that Euro can bounce up from support area and rise to $1.0955 points. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
GBPUSD → Correction to the liquidity zone. Waiting for a FBFX:GBPUSD gets a negative CPI report in the early session and tests key support, but failing to reach the liquidity area a rebound is formed. The pair is in consolidation... The CPI report provoked a small liquidation in the market, within the framework of which the price tested one of the key supports at 1.2886, but the price did not enter the liquidity area, i.e. technically the chances to return to this area are quite high. A correction to the imbalance zone is being formed, from which the decline may continue. In the short term I am interested in 1.2868, which can still hold the market and form a bullish impulse. Resistance levels: 1.2926 Support levels: 1.2886, 1.2868, 1.2811 False break of the global range support at 1.2868 may trigger a rebound to 1.2926. I do not exclude a deeper correction to the support from D1, for example to 1.2811 from which, against the background of the bull market, we can wait for an upward correction. Regards R. Linda!
Long
by RLinda
3
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
EURUSD → Price is in consolidation. Emphasis on false breakdownFX:EURUSD is forming a correction within the consolidation that was formed on the uptrend. The reason for the consolidation is the halt in the movement of the dollar index... The dollar is forming a counter-trend correction due to political and econmoic data, but the general background is bearish. But, the fall of the dollar, to which the index may soon return, may strengthen the growth of the currency pair. EURUSD consolidation within the uptrend (against the background of the dollar index correction). The zone of interest is the support at 1.078 and the imbalance area Resistance levels: 1.078, 1.074 Support levels: 1.0936.1.1009 The price has not tested the support and is forming a correction to the imbalance zone 1.087 - 1.09 from which the price may return to the downward movement to 1.078. The emphasis is on the range support from which we should wait for a false breakdown before further growth. Regards R. Linda!
Long
by RLinda
5
GOLD - Price can correct to support area and then continue growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price started to grow inside a rising channel, where it so long rose near support line and reached $2845 level. Then Gold broke this level, exited from channel and started to trades inside flat, where it at once made retest. After this movement, Gold started to grow and later grew to top part of flat, which coincided with $2955 level. Price some time traded near this level and then corrected to support area, after which started to grow. Gold rose to $2955 level and broke it, thereby exiting from flat too and then it continued to move up next. Possibly, Gold can fall to the support area, correcting, and then continue to rise to $3040 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
11
GBPUSD → Consolidation after a trend breakout. Long-Squeeze?FX:GBPUSD may test the local support amid the pre-news correction of the DOLLAR. Traders are waiting for inflation data, high volatility is possible The fundamnetal situation is predisposed in favor of the pound sterling, which has an advantage on the back of the falling dollar, which is likely to take a medium-term position on the back of the Trump administration. Technically, GBPUSD is consolidating above the key support zone of 1.286 - 1.280 below which a huge pool of liquidity has formed which could be tested before the trend continues. Important news ahead. Traders are waiting for CPI data. High volatility is possible Resistance levels: 1.2938 (trigger) Support levels: 1.2868, 1.281, 1.2728 Bulls may be aggressive and keep the price from correcting downwards. In this case, price consolidation above 1.2938 could be a good entry point for the continuation of growth. But because of the upcoming news, I would prefer to wait for a retest of the liquidity zone 1.2868 - 1.281 before taking action to open a position. Regards R. Linda!
Long
by RLinda
3
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
EURAUD → False breakout & Pin-Bar on W1FX:EURAUD is testing important resistance from the weekly timeframe. A false breakout is formed after liquidity capture. There is no potential for continuation of growth and the chart is drawing everyone's favorite “pin-bar” After the price exits the consolidation, the resistance of which was the level of 1.6787, a distributive pattern is formed, the target of which was the liquidity behind the weekly resistance of 1.7196. The target has been reached and the price is consolidating below the base of the reversal structure and thus preparing to continue falling. It is possible formation of liquidation or downward impulse to 1.71 - 1.70. The forex market has been behaving calmly since the opening of the week and the market can work out technical nuances calmly, until the fundamental factors are connected. Resistance levels: 1.7196 - 1.7304 Support levels: 1.7107, 1.7016 Zones of interest are located behind the local lows, but from a technical point of view, the market is most interested in liquidity beyond 1.6787 and there are all chances to reach this zone, as there are no obstacles below 1.7016. Accordingly, when the support at 1.7016 is broken, a free zone will open up Regards R. Linda!
Short
by RLinda
1
GOLD - Price can turn around and start to fall to $2835 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Price started to grow inside rising channel, where it soon reached $2690 level, but then made small correction. After this, Gold broke $2690 level, made retest and then continued to move up inside rising channel. Later price reached $2835 level, which coincided with support area and soon broke it too, thereby exiting from channel. Next, Gold started to trades inside a flat, where it at once rose to the top part and some time traded near it. Then price corrected to support level, after which started to grow and now it trades almost near top part of a flat. In my mind, Gold can reach the top part of flat and then start to decline to $2835 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
8
GOLD → Distribution phase. One step away from $3000. Up!FX:XAUUSD breaks upward and reaches the intermediate target. After strong growth there is no pullback at all. A consolidation is forming which shows us strong levels. Gold updates ATH to +2990, preparing to overcome $3,000. Growth is being fueled by Trump's trade war and expectations of a Fed rate cut. Investors are cautious ahead of the Fed meeting. A stronger dollar and hopes for a US-Canada trade truce may temporarily cause a correction, but it is not the strongest factor. However, recession risks and escalation of trade and geopolitical conflicts may increase demand for protective assets, supporting the growth of gold prices Technically, the price is in consolidation, relative to which there may be a breakthrough of resistance and further growth. Or a local false breakout, correction to support at 2980 and continuation of growth after support retest Resistance levels: 2993, 3000, 3008 Support levels: 2981, 2956 Thus, if the bulls are able to consolidate above 2993, the price may continue its aggressive growth. BUT! There is a possibility of correction to the risk (liquidity) zone 2981 - 2977 before gold resumes its growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
GOLD → Retest of 2926 before a possible breakout. CPI aheadGold is rising after long-squeeze and consolidating at the top of the 2926 - 2893 range, which is generally a hint that the market is getting ready to break resistance. But it all depends on CPI Traders awaiting US CPI data. The dollar is partially recovering before the news, which is holding back gold, which continues to consolidate in front of 2921, but weak inflation data may push prices up again. New trade measures as part of Trump's tariff war and geopolitical tensions are having an additional impact. The negative part for the markets presents the lack of a clear position of the leaders of the countries and constantly changing opinions: then they specify tariffs, then cancel them. Inadequate swings in the markets. Resistance levels: 2920, 2926 Support levels: 2910, 2905, 2893 Emphasis on 2926, breakdown of this level will trigger a bullish rally. Now the price is trying to get out of the local consolidation to test 2926, from which a small correction is possible before another breakout. The focus on CPI, weak data may support further price growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
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
GOLD → Long-sqeeze (double bottom) before breakout 2926FX:XAUUSD is forming the maneuver we need regarding the previously mentioned consolidation. False break of support on the background of the rising market, we discussed it with you yesterday. The reaction is the formation of a reversal set-up and bullish momentum This week the markets are awaiting the JOLTS jobs report (today) and CPI data (Wednesday), which could provide fresh impetus to prices. Additional pressure comes from expectations of US-Ukraine peace talks, a possible mineral agreement and ongoing trade tensions related to Trump's protectionism. However, a weaker dollar and lower bond yields are supporting gold, limiting its losses Gold may test yesterday's high and after a slight pullback continue to rise with a target of retesting the 2926 consolidation resistance. The market structure is bullish at the moment and it plays to our advantage.... Resistance levels: 2918, 2926, 2942 Support levels: 2905, 2893.5, 2880 At the moment the price is still in consolidation, but the price is forming a bullish rally due to the collected liquidity in the Asian session. The local pattern “double bottom” is formed (false breakdown of support) and the next target is the resistance of consolidation 2926. Also focus on 2918 - possible retest and pullback to 0.5 fibo before the price will storm 2926. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
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
GOLD → Consolidation ahead of Friday's NFP. What to expect?FX:XAUUSD stops and forms consolidation within the range 2926 - 2894.9. A false break of support may bring the market back to its senses amid the bearish dollar rally A weaker dollar and expectations of Fed policy easing are supporting demand for the metal despite a pause in Trump's tariff measures. Traders are waiting for key NFP data that could determine the future trajectory of the dollar and Fed policy. For today, all eyes are on Initial Jobless Claims. Technically, gold within the 2926 - 2894 range is looking to test the liquidity zone on the support side as there is an unfilled fvg below 2894.9. Against the backdrop of gold's bullish trend and falling dollar, the chances of a rebound are quite high Resistance levels: 2926, 2942 Support levels: 2894.9, 2878.7 Price may test the daily low or fvg, form a false breakdown of one of the mentioned support zones and continue to rise after capturing liquidity within the global uptrend Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
EURO - Price can make correction, after strong movement upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few days ago price entered a flat, where it at once declined to support level, which coincided with support area. The price entered this area and then started to grow, so EUR rose to $1.0520 points in a short time. After this movement, Euro turned around and fell to $1.0215 support level again, making a strong gap. Next, price turned around and in a short time rose to $1.0520 level and some time traded near it. Later, price broke this level and rose until to $1.0720 points, but recently it turned around and started to fall. So, I think that the Euro can make a correction movement to $1.0525 support area, after movement up. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
GOLD → Consolidation v. 2921. Ready for a breakthroughFX:XAUUSD continues to strengthen on the background of growing economic risks and also on the background of aggressive fall of dollar. The metal is at resistance at 2921 and is preparing to go even higher.... The dollar breaks the bullish structure on the background of comments of the U.S. Ministry of Finance on the reduction of rates. The verbal intervention as manipulation is affecting the markets quite aggressively. Further decline in gold is unlikely due to trade war risks and expectations of soft Fed policy.Additional impetus to gold may be given by weak ADP employment data and PMI data Gold has two important liquidity zones. 2913 and 2903, the closest area has already been tested (liquidity zone reached) and now all eyes are on 2920.7. If it holds, gold will return to 2913-2903 support, if resistance is broken, momentum will be formed. Resistance levels: 2920.66, 2942, 2954 Support levels: 2913, 2903, (0.5) fibo) Gold is testing 2913.34 at the moment, a rebound is forming due to the liquidity collected. In the short term, the focus is on 2920.7. Breaking the level and fixing the price above the trigger will most likely provoke the continuation of growth to 2942-2954 Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
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
EURCHF → Bears increase pressure to lower the priceFX:EURCHF breaks trend support and overall bullish structure. The rising dollar is putting negative pressure on the forex markets The fundamental background for the Eurozone is extremely negative due to Trump's policy and the US in general, especially when it comes to the tariff war. The dollar is strengthening, which generally creates a negative background for the markets. Technically, after breaking the support of the uptrend, the bears are confirming their dominance by keeping the price in the selling zone. Resistance levels: 0.93807, 0.94179 Support levels: 0.93299, 0.92945 A retest of the reversal zone 0.9400 is possible, but at the moment we can focus our attention on 0.93800. Consolidation of the price under this level will provoke further sell-offs. Regards R. Linda!
Short
by RLinda
1
GOLD → False breakdown and pullback before the fallFX:XAUUSD is updating lows within the framework of the changed local trend. The price is testing the liquidity zone of 2852. Possible rebound before further decline Gold traded near two-week lows below $2,900 in Asian markets on Friday, breaking an eight-week run of gains. The metal is being pressured by a strengthening U.S. dollar amid Trump's new tariff threats and the U.S. economy. Trump confirmed 25% tariffs on Mexican and Canadian goods from March 4 and an additional 10% on Chinese imports. Weak US GDP data (2.3% in Q4) and rising jobless claims also support the dollar. Traders are waiting for the PCE core price index data to gauge the Fed rate outlook and the impact on gold Resistance levels: 2869, 2877, 2885 Support levels: 2852, 2834 A false break of 2852 could trigger a pullback to the imbalance zone (2869-2877) or to the liquidity zone (2885) before a further decline. Fundamental and technical background is weak, gold may try to renew the low. Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
USDJPY → A rebound following a rising dollarFX:USDJPY is growing following the dollar. A local reversal is being formed due to US politics and economy The price stops in the zone of 149.4 - 148.6 after a strong fall. Long-term consolidation is forming a reversal setup, the situation is also supported by the reversal and strengthening of the dollar. Against this background, the Japanese yen is losing positions. The focus is on the resistance 150.3, if the bulls can keep the defense above this zone, then in the short to medium term the price may strengthen to the trend resistance. Resistance levels 150.3, 150.95 Support levels: 149.4, 149.15 At the moment we have a downtrend and the potential for counter-trend correction. Everything depends on the dollar and the upcoming news. If the outcome is positive for us, the price may reach 152.3 Regards R. Linda!
Long
by RLinda
6