Silver (XAG/USD) – Rising Wedge Breakdown & Bearish Setup📌 Overview
This 1-hour chart of Silver (XAG/USD) presents a textbook Rising Wedge pattern, which is known as a bearish reversal signal. The price was in a strong uptrend but started showing signs of buyer exhaustion, leading to a breakdown from the wedge formation.
The chart clearly identifies:
✅ A Rising Wedge formation
✅ Resistance Level where price faced multiple rejections
✅ Breakdown Confirmation and shift in trend direction
✅ Projected Target & Stop Loss Zones
This setup suggests a strong potential for further downside movement in silver prices. Now, let’s break it down step by step like a professional trader.
🔹 Key Technical Analysis Breakdown
1️⃣ Rising Wedge Pattern – The Bearish Setup
The Rising Wedge is a bearish reversal pattern that forms when price action moves higher within two converging trendlines. The slope of the lower trendline is steeper than the upper trendline, meaning that buyers are getting weaker.
This pattern suggests that even though the price is rising, bullish momentum is fading.
Once the price breaks below the wedge, it confirms a bearish trend.
🔸 Characteristics of this Wedge:
📌 Multiple Higher Highs & Higher Lows – But with decreasing strength
📌 Narrowing Price Action – Indicates weaker buying power
📌 Breakdown Below Support Line – Confirms the bearish move
2️⃣ Resistance Level – Key Price Rejection Zone
The price tested the Resistance Level multiple times before breaking down. This area is where sellers overpowered buyers, preventing further upside movement.
The resistance zone was a liquidity area, meaning large institutional traders likely placed sell orders here.
The price attempted to push higher but failed, showing that demand was exhausted.
Once rejection happened, selling pressure increased, and the breakdown followed.
3️⃣ Breakdown Confirmation – Bearish Momentum Kicks In
After the wedge broke down, the price started moving in a structured downtrend, forming lower highs and lower lows. This confirms that the breakdown was valid and that the trend has shifted.
🔹 Signs of Breakdown Strength:
✅ Strong Bearish Candles – Indicating aggressive selling
✅ No Immediate Recovery – Suggests sellers are in control
✅ Lower Highs Forming – Bearish trend structure confirmed
4️⃣ Risk Management – Stop Loss & Target Zones
A well-planned trade must include a Stop Loss and a Target to manage risk effectively.
📌 Stop Loss Placement (33.95)
Placing a Stop Loss just above the resistance level protects against false breakouts.
If the price goes back above 33.95, it would invalidate the bearish setup.
📌 Profit Target (31.96)
The target is based on the measured move projection, meaning the expected price drop is equal to the height of the wedge at its widest point.
If the price reaches 31.96, traders can lock in profits.
📌 Risk-Reward Ratio (RRR)
The setup offers a favorable risk-to-reward ratio, making it a high-probability trade.
5️⃣ Expected Price Movement – Bearish Outlook
From here, we can expect the following price movement:
📉 Scenario 1: Continuation of Downtrend (High Probability)
The price will likely form lower highs and lower lows on its way to 31.96.
Each small rally should be met with selling pressure.
📈 Scenario 2: False Breakdown (Low Probability but Possible)
If the price moves back above 33.95, the wedge breakdown will be invalid.
This could lead to a bullish reversal instead.
6️⃣ Final Thoughts – How to Trade This Setup?
This Rising Wedge Breakdown provides an excellent short-selling opportunity. Here’s how a professional trader would approach it:
✅ 🔹 Entry Strategy:
Short after a retest of the broken wedge support
Confirmation of lower highs ensures trend continuation
✅ 🔹 Risk Management:
Place Stop Loss above 33.95
Take profits around 31.96
✅ 🔹 Confirmation Signals to Watch:
Lower highs forming after breakdown
Increased selling volume on bearish candles
Price respecting the downtrend structure
🔔 Conclusion – Bearish Bias Confirmed
🔻 Trend Shift: The breakdown signals a potential trend reversal in silver.
🔻 Bearish Targets: The price is expected to fall toward 31.96 in the coming sessions.
🔻 High-Probability Trade: Strong technical reasons support a bearish outlook.
🚨 Watch for further confirmations and manage risk effectively! 📊💰
Rising Wedge
BTCUSD Bitcoin Rising Wedge Breakdown – Professional AnalysisBitcoin's price action is forming a Rising Wedge pattern on the 1-hour chart, a well-known bearish reversal formation. This pattern suggests that although the price has been making higher highs and higher lows, the upward momentum is weakening. Historically, when a rising wedge breaks to the downside, it often leads to strong downward movement, making it an ideal shorting opportunity.
This analysis will cover the pattern formation, key support and resistance levels, price action expectations, trading strategy, and risk management to ensure a well-informed trade setup.
1. Chart Pattern Breakdown: Understanding the Rising Wedge
Formation of the Rising Wedge
The price has been moving within two converging trendlines (black lines), forming a wedge shape.
The slope of both the upper and lower trendlines is positive, indicating an uptrend, but the lower trendline is steeper, suggesting weakening bullish pressure.
As Bitcoin moves higher, buying volume is declining, indicating that buyers are losing control.
The price has tested the upper resistance trendline multiple times, failing to break above it, further confirming bearish exhaustion.
The lower trendline has acted as strong support, but multiple touches suggest a possible breakdown soon.
Why This Pattern is Bearish
The rising wedge is inherently bearish because it signals that although the price is rising, the upward movement is slowing down. Eventually, the price is likely to break below the lower support trendline, triggering a sharp sell-off.
A breakdown from this wedge structure would confirm the start of a downtrend, making it an excellent opportunity for short traders.
2. Key Technical Levels to Watch
Resistance Level (~$86,000 - $86,500) - Strong Sell Zone
Bitcoin has repeatedly failed to break above this zone, indicating heavy selling pressure.
If the price unexpectedly moves above this level, the bearish setup would be invalidated.
Support Level (~$80,000 - $80,500) - Breakdown Zone
This support level has held strong multiple times.
If BTC loses this zone, it will likely trigger a massive drop due to stop-loss orders being hit and panic selling.
Stop Loss ($88,062) - Risk Management
A stop loss above $88,062 ensures protection against unexpected bullish breakouts.
This level is placed just above recent highs to minimize the risk of premature stop-outs.
Target Level ($75,718) - Profit Objective
The projected price target is based on measuring the height of the wedge and applying it to the breakout point.
This level also aligns with a major historical support zone, where buyers might step in.
3. Trading Setup & Strategy
Bearish Trading Plan - Short Setup
📌 Entry:
Enter short after Bitcoin breaks below the wedge’s lower support and confirms the breakdown by retesting support as new resistance.
Ideal entry price is around $81,500 - $82,000 after confirmation.
📌 Stop Loss:
Place above $88,062, which is beyond the wedge’s upper resistance.
This protects against unexpected bullish breakouts.
📌 Take Profit:
First target: $78,000 (psychological support).
Final target: $75,718 (technical breakdown target).
Confirmation Signals for a Strong Short Trade
✔ Candle Close Below Support – A 1-hour candle closing below the wedge confirms a breakdown.
✔ Increase in Selling Volume – Rising bearish volume supports downward momentum.
✔ Retest of Broken Support as Resistance – If the price retests the wedge’s lower trendline and fails to reclaim it, it confirms further downside.
4. Risk Management & Considerations
Risk-to-Reward Ratio: The trade offers a 3:1 risk-reward ratio, making it highly favorable.
Market Conditions: External news events, institutional activity, or macroeconomic trends (like inflation reports) could impact price action.
Bear Trap Possibility: If Bitcoin breaks below but quickly reclaims support, it could be a fakeout, so wait for confirmation before entering.
5. Alternative Scenario – When to Invalidate the Bearish Outlook?
Although the primary expectation is a bearish breakdown, we must consider alternate scenarios:
🚨 Bullish Invalidation: What if Bitcoin Rallies?
If Bitcoin breaks above the resistance zone at $86,500 - $88,000, the rising wedge breakdown would be invalidated. In that case:
✅ A breakout above $88,062 could trigger a short squeeze, pushing BTC toward $90,000+.
✅ Bulls will regain control, shifting the trend to bullish continuation instead of reversal.
🔹 In such a case, traders should exit short positions and re-evaluate market conditions before re-entering trades.
6. Conclusion – Trading Plan Summary
📊 Current Bias: Bearish 📉
🔹 Pattern: Rising Wedge (Breakdown Expected)
🔹 Entry: Short after wedge breakdown & confirmation
🔹 Stop Loss: Above $88,062
🔹 Target: $75,718
Bitcoin is forming a classic Rising Wedge, which historically leads to strong downward movement once it breaks support. If BTC follows the expected scenario, a high-probability short trade is in play, targeting a decline toward $75,718. However, traders must wait for confirmation and manage risk effectively to avoid fakeouts.
📢 Stay updated, follow price action closely, and trade responsibly! 🚀
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!
(BTC/USD) – Rising Wedge Pattern - Critical Breakout Setup🔍 Market Overview & Technical Breakdown
Bitcoin (BTC/USD) is currently forming a rising wedge pattern on the 4-hour timeframe, which is a bearish signal indicating a potential reversal. The price action shows higher highs and higher lows, but the narrowing wedge suggests that buying momentum is weakening.
BTC has been battling a major resistance zone around $85,000 - $87,500, struggling to break higher. If Bitcoin fails to hold above the key support level at $80,000, we could see a strong downside move. However, if BTC breaks the upper resistance, the bearish setup may be invalidated, opening the door for a push toward $95,000+.
📉 Rising Wedge Pattern (Bearish Formation)
A rising wedge occurs when the price moves upward within two converging trendlines, making higher highs and higher lows but with a weakening bullish momentum. This pattern often breaks downward, leading to a sharp sell-off.
Characteristics of This Wedge Formation:
✅ Upward Sloping Support & Resistance Lines: BTC is trending higher, but the slope is narrowing, showing a loss of bullish strength.
✅ Decreasing Volume: Volume is declining as price moves higher, indicating buyers are losing control.
✅ Bearish Breakout Probability: Rising wedges typically break down 75% of the time, suggesting a high likelihood of a drop below support.
🔑 Key Levels to Watch
🔺 Resistance Zones (Potential Breakout Levels)
1️⃣ $85,000 - $87,500 → Strong resistance; BTC has repeatedly failed to break above.
2️⃣ $90,000+ → A confirmed breakout would invalidate the wedge and shift the trend bullish.
3️⃣ $107,000 Target → If BTC breaks above resistance, we could see a move toward the psychological $100,000 - $107,000 level.
🔻 Support Levels (Bearish Breakdown Zones)
1️⃣ $80,000 - $82,000 → Key support within the wedge; a breakdown confirms the bearish move.
2️⃣ $75,000 → Strong historical demand zone; BTC could bounce here if it drops.
3️⃣ $70,000 and Below → Ultimate bearish target if selling pressure accelerates.
📈 Bullish vs. Bearish Scenarios
⚠️ Bearish Scenario (Rising Wedge Breakdown)
🔴 Entry: Below $80,000 (confirmed breakdown).
📉 Stop-Loss: Above $83,500 (to avoid fakeouts).
🎯 Take-Profit Targets:
TP1: $78,000
TP2: $75,000
TP3: $70,000
🔹 Confirmation: Look for increased selling volume and a retest of $80,000 as resistance after breakdown.
🚀 Bullish Scenario (Breakout Above Resistance)
✅ Entry: Above $87,500, confirming bullish momentum.
📉 Stop-Loss: Below $85,000 (to minimize risk).
🎯 Take-Profit Targets:
TP1: $90,000
TP2: $95,000
TP3: $107,000
🔹 Confirmation: BTC must break the wedge’s upper boundary with strong volume for bullish continuation.
📊 Technical Indicators & Market Sentiment
🔵 RSI (Relative Strength Index)
Currently near 60 – Showing bullish momentum but not yet overbought.
A move above 70 could signal an overbought market and potential reversal.
🔴 Volume Profile
Volume is decreasing as BTC rises, suggesting a possible exhaustion of buying power.
A breakout should be accompanied by strong volume to confirm bullish strength.
🟢 Moving Averages (EMA & SMA)
BTC is trading above key EMAs (50 & 200), supporting the bullish case.
A breakdown below the 50 EMA could accelerate selling pressure.
📢 Final Thoughts: High-Risk, High-Reward Setup
🚨 BTC is at a critical decision point! The rising wedge pattern suggests a bearish reversal, but confirmation is needed. If BTC breaks below $80K, expect a strong sell-off. However, if bulls manage to break above resistance, BTC could rally toward $100K+.
🔹 Risk Management Tip:
✅ Always wait for confirmation before entering a trade.
✅ Use stop-losses to protect your capital.
✅ Monitor volume & key levels for stronger trade signals.
🔥 What’s your take on this setup? Will BTC break down or push higher? Let’s discuss in the comments! 👇
Silver (XAG/USD) – Rising Wedge Breakdown & Bearish OutlookChart Overview
This is a 1-hour chart of Silver (XAG/USD) from OANDA, showing recent price action forming a rising wedge pattern followed by a bearish breakdown. The price initially rallied within the wedge but failed to sustain gains above the key resistance zone, leading to a strong rejection and downward momentum.
Key Chart Elements & Analysis
1. Rising Wedge Formation (Bearish Pattern)
The market was in an uptrend, forming higher highs and higher lows within a rising wedge pattern.
A rising wedge is a classic bearish reversal pattern, which indicates weakening buying pressure as price consolidates upward.
The price eventually broke below the lower trendline, signaling a shift in momentum from bullish to bearish.
2. Resistance Zone & Rejection
A strong resistance zone was identified around $33.80 - $34.20 USD (highlighted in blue).
Price attempted multiple times to break above this level but faced selling pressure, leading to a sharp reversal.
The final breakout attempt failed, confirming that sellers are in control.
3. Breakdown & Retest of Support
After breaking down from the wedge, the price found temporary support around $33.20 USD, which aligns with a previous consolidation area.
A retest of the broken wedge support turned into resistance, further confirming the bearish bias.
The rejection from this level strengthened the case for a move lower.
4. Next Support Level & Target Projection
The next significant support zone is around $31.95 - $32.00 USD (marked as the "Target" area).
This level coincides with previous price action support, making it a high-probability bearish target.
The breakdown is expected to follow a measured move projection, bringing price toward this level.
Trade Plan & Execution Strategy
📉 Bearish Setup (Short Opportunity)
Ideal Entry: A pullback to the previous support (now resistance) at $33.20 - $33.40 USD could offer an entry for shorts.
Stop-Loss: Above $33.80 USD, just above the resistance zone.
Target Levels:
Primary Target: $32.50 USD
Final Target: $31.95 - $32.00 USD
Confirmation: Look for price rejection or bearish candlestick formations at resistance before entering.
⚠️ Risk Management & Considerations
Bullish Scenario: If price reclaims $33.80 USD, the bearish setup could be invalidated, and a move higher toward $34.50 USD is possible.
Market Conditions: Keep an eye on macroeconomic factors, news events, and USD strength, as they can influence silver prices.
Conclusion: Bearish Outlook with Downside Target 🎯
The rising wedge breakdown signals further downside potential.
A support retest rejection confirms selling pressure.
$31.95 - $32.00 USD remains the main target, aligning with technical projections.
Short positions with proper risk management remain favorable in this setup.
What is a Rising Wedge? - Opportunities on GALA and ARWEAVE!What is a rising wedge?
A rising wedge pattern is a bearish chart formation that signals either a potential trend reversal or the continuation of a downtrend. It occurs when the price consolidates within two upward-sloping, converging trendlines, indicating weakening momentum.
Key Characteristics of a Rising Wedge:
1. Higher Highs and Higher Lows – The price moves upward, but the momentum gradually weakens.
2. Converging Trendlines – Both the upper and lower trendlines slope upward while moving closer together, suggesting a loss of strength in the trend.
3. Breakout Direction – The pattern typically breaks below the lower trendline, confirming a bearish reversal.
How to Trade a Rising Wedge:
• Wait for Confirmation – A breakdown below the lower trendline with increased volume confirms the pattern.
• Set a Target – Measure the height of the wedge and project it downward, often aiming for the starting point of the wedge.
• Use a Stop-Loss – Place a stop-loss just above the recent swing high to manage risk.
Rising wedge on GALA and ARWEAVE
There will be some opportunities with the rising wedge pattern on GALA Games and ARWEAVE. With the projected downside move in BTC and ETH, these falling wedges could play out perfectly. The stop-losses are around 5%, so make sure to manage your risk accordingly.
Keep an eye on both setups for possible trade opportunities in the coming hours/days!
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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!
BTCUSD | Rising Wedge Breakdown – Bearish SetupChart Overview:
This chart represents Bitcoin (BTC/USD) on the 1-hour timeframe and showcases a Rising Wedge pattern. The price action has reached a key resistance level, and a potential breakdown scenario is unfolding.
1️⃣ Pattern Identification: Rising Wedge Formation
A Rising Wedge is a bearish reversal pattern that forms when price moves within two converging upward-sloping trendlines. The narrowing price range indicates a weakening trend, and a breakdown usually leads to a significant price drop.
Upper Trendline (Resistance): Marked in blue, this trendline connects the higher highs.
Lower Trendline (Support): Also in blue, connecting the higher lows.
Breakdown Confirmation: The price has already moved below the wedge support, confirming the bearish bias.
2️⃣ Key Price Levels & Zones
🔹 Resistance Zone (Blue Box)
This strong resistance level has repeatedly rejected the price.
The final rejection led to a breakout failure and potential trend reversal.
🔹 Support Zone (Blue Box)
A strong demand zone, but a breakdown below it triggers a bearish trend.
This level is now acting as potential resistance after the breakdown.
🔹 ATH (All-Time High) – $87,566
This marks the highest price level reached in the given timeframe.
3️⃣ Market Structure Breakdown
🔻 Bearish Momentum & Breakdown
After touching the resistance, BTC failed to sustain upward movement.
A breakout of the wedge's lower trendline confirms a trend reversal.
Price action suggests a lower-high, lower-low structure, indicating a bearish market shift.
📉 Expected Price Movement (Wave Structure)
The breakout retest could result in a small pullback to previous support (now resistance).
After confirmation, price is likely to continue downward in a wave-like structure.
Fibonacci levels or key support zones will act as profit-taking targets.
4️⃣ Trade Setup & Targets
🔻 Short Setup (Bearish Trade Idea)
Entry: On a successful retest of the broken support zone.
Stop-Loss (SL): Above the previous resistance zone for risk management.
Take Profit (TP) Targets:
TP 1: $81,638
TP 2: $77,897
Final Target: $74,990
5️⃣ Summary & Conclusion
📌 BTC/USD has broken out of a Rising Wedge pattern, confirming a bearish trend.
📌 A pullback and retest may occur before further downside continuation.
📌 The chart suggests a short opportunity, targeting lower support zones for potential profit-taking.
📌 Traders should manage risk with a well-placed stop-loss above key resistance.
This setup aligns with technical analysis principles, confirming a high-probability short trade for BTC. 🚀
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!
Silver (XAG/USD) – Rising Wedge Breakdown & Bearish ContinuationTechnical Analysis & Market Outlook
The Silver (XAG/USD) 1-hour chart presents a clear rising wedge formation, a well-recognized bearish reversal pattern. This formation develops when price action creates higher highs and higher lows within a contracting range, signaling a potential exhaustion of bullish momentum.
Currently, Silver has broken below the lower trendline of the wedge, confirming a bearish breakout. This move suggests that the recent uptrend is weakening, and sellers are beginning to take control. A retest of the broken support level as new resistance could provide an ideal entry for a short position.
Key Technical Levels & Trading Plan
1️⃣ Resistance & Supply Zone: 34.00 - 34.20
Price has struggled to break above this region multiple times, confirming strong selling pressure.
The market rejected this level sharply, leading to the current downside movement.
A stop-loss can be placed slightly above this zone to protect against unexpected reversals.
2️⃣ Support Level & Retest Zone: 33.50
Previously, this level acted as a strong support, but the breakdown confirms a shift in market structure.
If price retests this level and faces rejection, it could serve as an optimal entry point for short trades.
3️⃣ Short Entry Confirmation
Traders should look for price rejection from the 33.50 zone before entering a short position.
A bearish candlestick pattern (e.g., bearish engulfing, pin bar, or a lower high formation) would further validate the entry.
4️⃣ Bearish Target: 31.90 - 32.00
The projected downside move aligns with the measured move of the wedge breakdown and previous support zones.
If price maintains bearish momentum, further downside potential exists beyond this target.
5️⃣ Stop-Loss Placement: Above 34.20
Setting a stop-loss above the recent resistance ensures protection against invalidation of the bearish setup.
This placement accounts for potential price spikes or false breakouts.
Trade Execution Strategy:
📌 Entry: Short on a retest of the 33.50 level, ensuring confirmation via price rejection.
📌 Stop-Loss: Above 34.20 to avoid premature stop-outs.
📌 Take-Profit: Targeting the 31.90 - 32.00 zone for an optimal risk-to-reward ratio.
Conclusion & Risk Management:
The breakdown from the rising wedge signals a shift in market sentiment, favoring a bearish move. Traders should remain patient for a retest of broken support to confirm the validity of the trade. Proper risk management with a well-placed stop-loss and a defined target ensures controlled exposure to market fluctuations.
📊 Overall Bias: Bearish 📉
🔍 Key Watch Areas: Retest of 33.50 for Short Confirmation
Probability o Rising WedgeBINANCE:BTCUSDT BTC/USDT is currently "forming a rising wedge pattern" , which could indicate a continuation of the downtrend. Since the last peak at $110,000, Bitcoin has been experiencing a decline.
At the moment, BINANCE:BTCUSDT BTC/USDT is highly volatile, with daily price swings of up to 10%. This volatility increases the likelihood of fake breakouts and rapid reversals, especially due to external factors like news.
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!
GBPAUD → Correction to strong support before continuing growthFX:GBPAUD is forming a range with a consolidation target after breaking the base of the ascending triangle. The pound is correcting due to the dollar
Technically, on the daily timeframe we have a strong bullish structure, the price is trying to accelerate after breaking the trend resistance, but against the background of the dollar correction the pound sterling is also making a small pullback. There are no strong fundamental changes and the general direction may continue.
At the moment the focus is on ob, located in the zone of 2.0285, as well as the liquidity zone, which is located below 2.0285 + weekly low - 2.015, which also hides a huge pool of liquidity that can be tested.
Resistance levels: 2.05088
Support levels: 2.0285, 2.0151
On the background of the uptrend and the correction to the support after the update of the maximum, we can consider the strategy - false breakdown of the support with the purpose of continuation of the growth. Emphasis on 2.0285 - 2.015
Regards R. Linda!
$GOOGL Rising bearish wedge with declining volume; $165 belowNASDAQ:GOOGL here looks weak to me trying to reclaim it's support of $175-$180. This is on my watchlist for a short term short, if this name tanks back into the $150's I will load everything I got for the long side. I see this name in a downside trend currently in a rising wedge with declining volume, buyers can't hold it up much longer. It's retested that support on 3 or more daily candles and hasn't busted through. I expect this name to drop into a support zone of $160-$165. I will look to enter puts off a retest of $176-$178 area keeping the stops tight.
WSL.
GOLD → Consolidation ahead of NFP. What can happen?FX:XAUUSD is heading for resistance after a false breakdown of 2895. The market continues to test 2926 with the aim to break this zone. There is news ahead and the risks of increased volatility are growing.
Markets remain jittery over Trump's tariff plans, which supported gold demand. Trade tensions and mixed U.S. jobs data are adding to inflation risks, which could weaken the dollar. All eyes are on the NFP report.
Based on the analysis of the last few reports, a rough conclusion is that on average in the first 15 minutes, weak data led gold to rise 60 points and strong data led gold to fall 50 points
However, other factors such as inflation and data revisions may dampen the market reaction. The final effect depends on investors' assessment of the Fed's future policy.
Resistance levels: 2926, 2942
Support levels: 2912.5, 2909.5, 2895
Before the news, the price may test 2926 with a false breakout (MM trap for liquidity) and roll back to the nearest support.
But further prospects depend on the news. Gold is in consolidation 2926 - 2895. On the background of possible weak data gold may overcome 2926 and accelerate to ATH. Strong data may provoke profit taking and correction to 2895 - 2875
Regards R. Linda!
Rising Wedge BreakdownNvidia needs to reclaim the bottom of a rising wedge it just lost and failed to reclaim on the last two daily candles.
It did wick back above it with the most recent daily candle but failed to reach the 200 day EMA, and closed below.
There could be further tests, but the most likely scenario here is down towards the two take profit targets shown on the chart.
A halfway point to TP 1 is the dashed grey line, which may also be a stopping point along the way down.
GOLD → Retest of risk zone 2880. A pullback is possibleFX:XAUUSD is breaking the local trend and is testing the panic and risk zone of 2880 as part of the correction. A retest of this area will increase the chances of a trend change
Gold is losing growth due to uncertainty of Trump's tariff plans and economic problems in the US. Contradictory statements from the president are supporting the dollar, while rising bond yields are holding back gold prices.
Markets are waiting for US GDP data: if the figures are lower than forecast (2.3%), gold may rise. Fed speeches are also important, but the key will be Trump's statement, which may change the market sentiment
Technically, locally we have a bearish market structure and in this case we expect the decline to continue after a small correction.
Support levels: 2878, 2888
Resistance levels: 2890, 2907
False breakdown of the above support, after such a strong fall, may form a correction. Initially, the price may head towards 0.5 Fibo, after a small pullback we may test 0.7 Fibo. But then we will have to watch the price reaction.
If the gold will go down, the focus will be on 2880.
If the movement will be difficult and the price will start to test the resistance, then in this case, against the background of high risks, we can return to the growth phase.
Regards R. Linda!
EURUSD → Pre-break consolidation against 1.053FX:EURUSD continues to form bullish hints for a possible continuation of growth. There is strong resistance ahead and the market is forming a pre-breakdown consolidation
The dollar continues its correction amid economic data, the country's politics and hints from Trump and Powell of a possible rate cut soon.
The euro is benefiting from the dollar's decline, but how long will it last, especially amid the tariff war between the U.S. and Europe?
Technically, at the moment, the chart indicates a bullish outlook. Within the local uptrend, an ascending triangle is forming, which generally indicates bullish interest in the market. The focus is on the pattern base - resistance at 1.053.
Support levels: 1.045, 1.040
Resistance levels: 1.053
If the dollar continues its downward course, the currency pair has all chances to grow.
A retest of the trend support (false breakout) before the resistance breakout is possible.
Breakout and consolidation of the price above 1.053 may provoke growth.
Regards R. Linda!
GOLD Daily, H4, H1 Forecasts, Technical Analysis & Trading IdeasDaily Timeframe:
TVC:GOLD has been rising rapidly recently but has almost stopped since February 11, when it hit its uptrend channel line.
With the RSI hitting resistance at 77 and showing signs of falling, there is a high probability that a corrective wave is about to begin.
Four-hour Timeframe:
A rising wedge pattern has formed in the price.
As long as the price does not break the resistance at 2955 and the red line of the rising wedge continues upwards, a downward wave is expected to begin.
A strong bearish divergence has also formed in the RSI.
One-hour Timeframe:
A head and shoulders pattern is forming.
If the price can break the neckline downward and the blue trend line of the rising wedge is also broken, the probability of a downward wave will be very high.
GOLD → Bullish structure. Emphasis on 2955FX:XAUUSD is still in consolidation, but the flat is gradually changing into an ascending triangle structure, which further explains the bullish interest in the market.
Gold price is consolidating near the record high of $2,956. Investors took a pause before a possible continuation of gains amid renewed trade war fears over Trump's statements on tariffs and controls on exports of Nvidia chips to China.
Weak risk sentiment and a rising dollar are holding back gold, but lower bond yields and expectations of Fed policy easing are supporting prices.
Gold will remain influenced by tariff negotiations and US consumer confidence data in the coming days
Resistance levels: 2940, 2954.5
Support levels: 2930.7, 2921
Local resistance at 2940 is ahead. If the bulls are able to consolidate above this area, we should wait for the growth and the retest of 2954.5.
2954.5 is a trigger, the breakdown of which will provoke the continuation of the bull rally.
But before that the consolidation between 2954 and 2940 may be formed. I don't exclude the flat support retest before further growth.
Regards R. Linda!
GOLD → Price is in consolidation and getting ready to go to $3KFX:XAUUSD is preparing to continue its growth. Consolidation is forming against strong resistance. The dollar in the correction phase continues to update the lows....
Gold is consolidating near 2945-2955, remaining cautious due to Trump's tariff threats and waiting for US inflation data. Which technically increases the chances of continued gains.
Optimism in the markets is supported by upcoming US-Russia talks on Ukraine, new Chinese measures and the victory of conservatives in Germany.
Weak dollar and expectations of Fed rate cuts support gold, but rising risk appetite reduces its attractiveness
Resistance levels: 2946.5, 2954.5
Support levels: 2935, 2921
Technically, the focus is on 2946.5. If the bulls are able to break this level, the resistance ahead at 2954.5 will not seem so strong. In this case, the price will continue its growth to 2969 - 3K
But, before further growth, as gold is still in consolidation, the price may test the liquidity zone 2935 - 2921.
Regards R. Linda!