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Rlinda

GOLD → Funadametal factors can bring the price downGold closes this week in the red zone with -0.27%. The metal is in a retracement or technical pullback phase, the target of which could be the support of the 1981 range. Since we have a strong uptrend, we prioritize the scenario to buy gold. The price forms a sideways range of 2048 - 1981. A false break-down of the resistance sets the price down to the area of 2000, and the next target is 1981. The moving averages are showing an active bullish trend. Levels, increasing panic in the market: 2010, 2000: 1981. In these areas an increase in volatility and a surge in volumes is possible. This week we are expecting rather strong news, which can ambiguously influence the price: 16.05 Core Retail Sales measures the change in the total value of sales at the U.S. retail level, excluding automobiles - analysts expect the index to strengthen. Retail Sales measures the change in the total value of sales at the retail level. - Analysts expect the index to strengthen 17.05 Consumer Price Index (CPI) measures the change in prices of goods and services from the consumer's perspective-analysts expect the index to strengthen. 18.05 Initial Jobless Claims measures the number of people who applied for unemployment insurance for the first time last week - analysts expect the index to strengthen The Philadelphia Fed's Manufacturing Activity Index measures the relative level of overall business conditions in Philadelphia - analysts expect the index to strengthen 19.05 Federal Reserve Chairman Jerome Powell (Feb. 2018-Feb. 2026) to deliver speech - analysts are beginning to refrain from their forecasts, but continue to expect a rate hike. European Central Bank President's Speech. Basically, if expectations hold true, the dollar could strengthen quite a bit, meanwhile gold will show the opposite trend. It is very likely that the price could test the 1981 and even 1950 area. But! The fundamental analysis showed many times that the published data can be very different from what was expected. Strong support: 2010, 2000, 1981. Strong resistance: 2025, 2032, 2048. I think the gold will continue the correction to 2000 and then to 1981 this week. But as long as the bullish trend persists, I will expect gold to continue to show a bullish direction over the medium and long term Regards R. Linda!
OANDA:XAUUSD
by RLinda
22
EURJPY → Resistance retest in a false-break format EURJPY is testing the resistance of the ascending channel in a false-break format. A reversal pattern in the form of H&S pattern is gradually forming. What's next? The price is not ready to break the trend resistance and it shows the precondition for a possible correction. A reversal pattern "Head & Shoulders" is forming and the price is trying to break the support, 147.4, a few hours ago. There is a key liquidity area at 147.6 and the price might try to test it. If the bears hold the area, there will be a consolidation below this area, followed by a price decline to the uptrend support area. Strong resistance: 147.6, 147.9 Strong support: 146.4, 145.6 At the moment, as the H&S pattern is active, there is a big chance for the price to go down. If the level of 147.6 is not broken, the fall to the area of 145.000 will start to form. Regard, R. Linda!
by RLinda
22
GOLD → Technical pullback and retest of up-trend support Gold forms an upward price channel in the average range of 800 points. During a technical pullback and correction, the price retests the support area. What's next? Gold is approaching the lower boundary of the upward price channel. The trend is bullish and the support area is quite strong, hence, we have quite high chances for a rebound and possible continuation of the price growth along the trend. The SMA-50 on the 4-hour timeframe acts as resistance, while the price is approaching the SMA-200, which is currently playing the role of support. Two scenarios are possible from the support level. We will need to wait for a confirmation on the chart for each one, as a breakout of support can be either true or false. In a true break-down the price can go down to the level of 1976.67. Strong support: the ascending price channel, 1997, 1988, 1976. Strong resistance: 2019, 2020, 2032 I think uptrend support is capable of stopping and reversing the price. There is no news today that could globally affect the price, so I will stick with this scenario. Regards, R. Linda!
OANDA:XAUUSD
by RLinda
10
GOLD → A bullish trend and a bounce from support. News ahead Gold makes a retest of the uptrend support line and reacts bullishly to the zone. The price begins to recover and aims for a retest of the 2032 level. What's next? Gold is in an uptrend, there is a rebound from the support, so we can draw a symmetrical triangle pattern from the four points (two lows and two highs), therefore based on the set-up we can assume that the price may try to test the resistance pattern. MA-50 acts as support and MA-200 has not yet been tested, but the price is already far from the line. At 12:30 GMT, the U.S. Initial Jobless Claims are out and analysts are expecting worse data than in the prior period, which could be bullish for gold. But it depends on what data is released. And PPI (MoM) (Apr) - analysts are expecting an improvement. Consequently, the news could be contradictory, causing the market to increase volatility. Be careful! Strong support: 2025, 2020, lower boundary of the triangle Strong resistance: 2032, the descending boundary of the triangle, 2047. I assume that a small pullback may follow from the level of 2032, but with further continuation of the movement to the resistance of the triangle or even to 2047 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
34
GOLD → Price continues to strengthen within the uptrend GOLD regains its fall. Price strengthens to 2025 and breaks the level, the next target is a strong resistance area of 2032. The trend remains upward and an upward price channel is formed. Price reacquires the 50-hour moving average as support. Most likely, the resistance of 2032 will force the price to pull back a bit to the support area, but the medium-term outlook remains the same (bullish). The key liquidity zone that the asset may seek on the back of the uptrend is the 2040-2041 area. Strong support: 2025, upward support line Strong resistance: 2032, 2040, 2047 I expect the continuation of price growth up to the level of 2032 with the subsequent breakthrough and growth of the price up to 2047. Regards to R. Linda!
OANDA:XAUUSD
by RLinda
30
GOLD → The market bought back the fall by 30% Gold forms the strongest shakeout, but at the same time, closes the week at +1.35%, which is a good signal. What to expect from the price in the near term? The price tested the support last week, probably because the published fundamentals were good for the whales and the big companies, which should have time to buy at a better price. Gold is recovering and testing the key zone, 2025. A pullback might occur from 2025, but if the gold breaks through 2025, it will go to 2032. A retest of the level will determine the fate of the price, but in the medium term gold looks good for buying. Strong resistance: 2025, 2032 Strong support: 2020, 2010 I expect the price may be stuck in consolidation between 2025 and 2020, or 2032-2020. After a strong shakeout, price needs to gather energy to move further in one direction or the other. Regards to R. Linda!
OANDA:XAUUSDLong
by RLinda
26
GOLD → False Breakdown and Range Formation for the New Week Gold closes lower to 2016.79 on Friday amid NFP data, losing 1.63% from the opening, but the asset is strengthening 1.35% for the week On the weekly timeframe, gold looks good for the medium term. A slow and consolidating approach to resistance that could form a pre-break consolidation for price to move out of the range after breaking the upper boundary. On the daily timeframe the price makes a false break of the resistance 2048.770 and descends towards the support, forming a sideways range. A strong support zone, formed back in April 2022 - 1981.566, acts as the lower boundary. Most likely, from the session opening the price can form a pullback to 2025 and continue falling to the support, but if gold breaks through 2025, it is possible that growth will continue without the support retest, as bulls can actively defend it, (there was already a retest to 2000 on Friday). For the week we are expecting news such as: Core CPI (preliminary data), CPI, PPI which may affect pricing. There are no global changes in the fundamentals, except that PPI might show us a bullish momentum, but we all remember what happened on Friday, when all analysts were expecting negative data, but were very surprised by the bullish reading for the dollar, which ruined the bullish setup for gold. Regards to R. Linda!
OANDA:XAUUSD
by RLinda
19
BTCUSD → The price is held back by resistance 30340BTCUSD - an uptrend is forming on the chart within the price channel, but after a false breakdown of resistance, the price is not yet ready for a quick fall. The price forms quite strong support area 27900-27000, which is quite actively defended by the bulls. The moving averages are acting as support, indicating an active trend. The price makes a false break-up of the MA-50 and goes back to the resistance for the next retest. On the monthly chart, the price consolidates around the key resistance at 30430 for 2-3 months. There is no reaction to a false breakout. Locally the price is squeezed in consolidation between channel resistance and 27000-27500 support level. I think another retest of the resistance could be successful. Strong support: 27900, 27000. Strong resistance: 30000, rising resistance line, 30430 I expect the end of formation of pre-breakdown consolidation with successful attempt to break through the upper border of the range, followed by the price growth to 32376, 36000 Regards to R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
34
GOLD → Price range. All waiting for NFPGold rallies to 2067. The strong movement stops and the price moves into a sideways range format and consolidation at the same time. What to expect from the price after NFP? Analysts are expecting some negative news for the dollar, but for gold it will be a positive leverage that can form a bullish liquidity in the market. The metal has been showing a lot of interest in the market lately based on fundamentals (weakening dollar, banking crisis, interests of big countries (like China)). Moving averages act as a strong support. The price forms a counter-trend correction and tests the 0.5 Fibonacci area (2037 level). I think that within the trading day, before the news, the price may have time to test the 0.618 Fibo level. Strong support: 2037 (false breakdown strategy), 2032 and 2030 Strong resistance: 2040 and 2047 Based on the analysts expectations from the NFP & UR data, my priority will be to expect an increase after a false break-up of the key support levels. I think this timing is not good for the dollar and the opposite for gold. The medium term outlook follows the bulls. Regards to R. Linda!
OANDA:XAUUSDLong
by RLinda
26
BTCUSD→ Buyback of fall, Formation of pre-breakout consolidationBitcoin after a false breakdown of the key channel resistance makes a pullback, which made many speculators nervous. This reaction was adequate from the flagship, as after the strong rally it was necessary to form a pool of liquidity for further movement. The price after the FB falls to the 50-day moving average, making a false-break through it and forming a bounce from the 0.382 Fibo area, which played the role of a strong support zone. The price is buying back the fall in a few days and forming another retest of the uptrend channel resistance. At the moment a consolidation is forming near an important level. The price is squeezed in the range between 28000 and 31000 (marked with blue and red line). In the medium term, I expect a breakout of the upper boundary of this range with a subsequent rise to 36000. Strong support: 28600 (false-break), 28329 (false-break) and 26655 (false-break). Strong resistance: the upper boundary of the uptrend channel (break-up strategy), the 30000 level (break-up strategy) and 30575 (break-up strategy) I suppose that the price may now form a consolidation near resistance of the key channel, but in the medium term I expect a breakout of the key line, a breakout of the upper border of the range mentioned above and growth towards 32376, then to 36000. Sincerely R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
40
GOLD → What after the retest of 2070 and a strong pullback? Gold is rallying and testing 2067. The price is strengthening by 4.3% in a few days. Yesterday's fundamentals had quite an impact on the futures. At the moment the price is in the phase of increased volatility, which is inconvenient for us, because it is difficult to find the right entry point with a safe stop-loss. On the chart there are key levels for the moment - support 2032, resistance 2040 and long resistance 2047. I think that the technical pullback may turn into a state of consolidation or a wide sideways range in the specified boundaries. The medium and long term outlook looks bullish as the price is consolidating near a strong resistance level on the higher timeframes. The moving averages act as strong support. Strong support: 2032 (false-break-down strategy). Strong resistance: 2040, 2047, 2067. I expect a stop of the price and formation of a sideways range. Regards R. Linda!
OANDA:XAUUSD
by RLinda
29
JASMYUSDT → Attempted breakthrough. A chance of success JASMYUSDT forms another retest of the strong resistance line. If the daily candlestick closes in the green zone, the growth is likely to continue with the subsequent achievement of our goals. The previous attempt to break through the resistance resulted in the retest to the strong support at 0.005742. If you pay attention to the forcing support, we can assume that the whales were actively gaining liquidity in these areas. Another retest of resistance is formed (counter-trend movement) and there is an attempt to break through the resistance. Strong support: 0.00675 and 0.00574. Strong resistance: descending line (channel boundary), level 0.008325 . I expect that this time the breakout attempt may be successful. Consolidation of the price above the resistance will form bullish potential with further growth to 0.008325 and 0.01200 Regards R. Linda!
Long
by RLinda
23
GOLD → A bullish breakdown of the channel. Upcoming news Gold broke through the 2000 resistance zone on yesterday's news and was a bit unpredictable, strengthening for 2015, as on the older timeframe the prerequisites were only for a decline. There is a lot of news today that will throw the market into turmoil. Non-farm employment expectations from ADP are hard to predict as the reaction will depend on the actual figure, which we do not yet know. The PMI is expected to be more positive than in the previous period. FOMC Expectations: -BlackRock and former U.S. Treasury Secretary expect that the problem with banks and the government debt ceiling will not prevent the Fed from raising rates today. -Consensus: The Fed will raise rates by 0.25% at today's meeting and then take a pause. -Fedwatch: markets are laying down a 91% chance of a 0.25% Fed rate hike in May. All this suggests that a slight strengthening of the dollar is likely to follow, but, again, the situation is complicated, we'll keep an eye on the press releases. Strong resistance: 2019, 2025 and 2032. Strong support: 2010, 2000, the boundary of the downward channel. Gold is showing us a positive trend. If fundamentals show bullish potential for the dollar, gold will return to the correction rate format. But technically gold has accumulated a lot of potential, and a break-down of the resistance shows us the direction in which the futures are going to realize this potential. Regards, R. Linda!
OANDA:XAUUSDLong
by RLinda
29
GOLD → Price is breaking triangle support. What's next? Gold continues to be within a symmetrical triangle up to a certain point. False breakouts of the pattern's boundaries only increase the potential. Today we see a breakout of the triangle support and a prolonged price consolidation below the line. The bears are trying to take control of the situation, but the global uptrend and bull activity is resisting. The dollar index begins to strengthen after a false breakdown of the support zone. The dollar is testing the local resistance and if it breaks it, we might see gold falling. In this case, the correction will continue towards 1960. Strong resistance: the range boundary, the 1981 level, the 1988 level. Strong support: 1979.5, 1977 I expect the consolidation to form a bearish potential and we may see a drop in price in the near future. The movement may be directed towards 1970 and 1960 Regards R.Linda!
OANDA:XAUUSDShort
by RLinda
20
GOLD → Another attempt to break support may be successful Gold on Monday morning breaks the support of the specified range. After breaking the support and consolidation, the price begins to form a bearish momentum. A downtrend is forming on the chart. On the daily timeframe the price forms another retest of the 1981 level and makes another attempt to break it. There is a lot of liquidity accumulated above the 1981 level, and the gold might make a rather large bearish impulse in case a breakout occurs. The moving averages are acting as a resistance, indicating a bearish trend. Strong resistance of 1988, 2000. Strong support 1981, 1972, 1958. I expect that a breakdown of the level 1981 may be confirmed in the retest or technical pullback phase. After the price consolidation under the level, I'm waiting for the continuation of the fall, as shown by a large number of preconditions from the high timeframe Regards R.Linda!
OANDA:XAUUSDShort
by RLinda
36
GOLD → Pre-breakout consolidation formationOver the past week, gold has not moved at all. Volatility has dropped to lows, all because the bulls are under pressure from the bears. What to expect from the price in the coming week? The support at 1981.68 is important for us now (see the daily chart on the left). The price forms a strong downside resistance, which forms a squeeze of the price to the support level 1981.68. The market does not react to false breakdowns of the support. The trend at the moment is upward, the daily moving averages are acting as support, so now we can only talk about a possible counter-trend correction. Strong support: 1981.68 Strong resistance: descending resistance line, 1995 level, 2000 level. I expect that the bears will still be able to achieve their goal this week. The potential formed on the chart opens the prerequisite for a break-down support and the price reduction to 1955, or to 1926 Regards R.Linda!
OANDA:XAUUSD
by RLinda
13
KNCUSDT → Strong consolidation after a resistance break KNCUSDT forms a breakout of range resistance. But this maneuver came at the time of correction of bitcoin and the whole market, so these nuances restrain further growth of KNC. The coin after the resistance breakout forms consolidation in a narrow range, forming a strong support area below 0.600 and a strong resistance at 0.750. The moving averages are also indicating lower volatility and a period of consolidation. Price is forming multiple retests of the strong resistance area, I think that with positive leverage from bitcoin and more positive market sentiment, price will still break that area. Strong support: 0.650, 0.600 Strong resistance: 0.750 (breakout strategy) 0.850 I expect that the price will continue to test the resistance at 0.750 and after the next attempt it will still be able to break it and will start to realize the accumulated potential. Regards to R. Linda!
Long
by RLinda
5
GOLD → The bear market is consolidating. What to expect? Gold is jammed within the confines of the downward channel. The publication of yesterday's US GDP news had a negative impact on the metal's pricing. After the false breakdown of the resistance of the descending channel, the momentum is formed and the price breaks the support 1988. On the next retest, the price has consolidated under the strong level. Here is what we have: MA-50 and MA-200 on the hour timeframe act as resistance, price consolidation under the strong level, downtrend. Also on the daily chart (top right) pay attention to the price squeeze to the area 1980-1981. A pre-breakdown consolidation is forming which is preparing the price for further decline. Strong support: the lower boundary of the symmetrical triangle, the level of 1981 Strong resistance: the level of 1988, the resistance of the descending channel. I expect that in the nearest future the price will still break the support and will continue its fall to 1970 and maybe even to the support of the descending channel. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
16
GOLD → Breakthrough of the bear channelGold is trading in the 2000-1988 range. At the same time, the price breaks the downward price channel and retests the key liquidity area. The futures breaks the downtrend resistance and forms a momentum followed by a consolidation. I think the bulls are picking up the potential for further upward movement. Strong support for the bulls at the moment is the 50-hour and 200-hour moving averages, as well as the 1995 level. If the bulls hold that area under their control and break the resistance of 2000, the price will continue rising towards 2050. Strong support is 1995 (false-break-down, the upper boundary of the descending channel and the level of 1988. Strong resistance: 2000 and 2010. Since the price broke the price channel with a bullish impulse, after a technical pullback and retest of strong support I will wait for the continuation of growth. The short-term target is 2010, the medium-term target is 2025-2050. Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
21
GOLD → Retest of the area 2000. What to expect from the metal? Gold is in a sideways range between 2000 and 1980. The bulls are not letting the price below support, keeping the current trend, but at the same time they continue to test resistance. As we can see, the descending resistance line breaks after another retest. Consolidation of the price will form a support base above the level and allow the bulls to act more confidently in the market. Below 1980 the price could not pass, forming a strong support base. At the moment, the 1998-2002 zone is playing the key role. If the gold reacts bullishly to this area, the price will open up the potential for rallies to 2020 and 2050. Strong support: 1988, 1995. Strong resistance: 2000, 2010 Since gold gives us positive hints, we might start thinking of opening long positions, provided the bulls can take the area of 1998-2002 under their control. Regards R.Linda!
OANDA:XAUUSD
by RLinda
21