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Rlinda

ZILUSDT → Retest of previously broken resistance ZILUSDT is doing without a strong correction so far, but it is still present. The price is currently in the green zone relative to the previously broken resistance. The resistance line of the descending channel plays a key role at the moment. If the trend break is finally confirmed, the price can show strong growth to 0.0500 and 0.0700. BUT! The cryptocurrency market is being dragged down by the correction of bitcoin and several large-cap coins. The flagship is in a correction phase at the moment, so the local decline of the whole market may continue. Strong support: upper boundary of descending channel, level 0.0310 Strong resistance: 0.0365 I expect the formation of consolidation or false breakdown of the support with the further growth of the price towards 0.0500. Sincerely R. Linda!
by RLinda
6
GOLD → The 1988 and 1981 levels play a key role before the fallGold breaks the channel support and breaks the key 1988 level, testing the local liquidity zone. The scenario is starting to change to red. What to expect from the price? The asset is now moving back to the 1988.335 level for a possible retest. Since the price broke the uptrend, there is a high probability that the price will continue falling from the resistance area. The resistance 1988 plays a key role for us, the price can make a false-break, so it is worth paying close attention to this zone, as well as to the lower boundary of the uptrend channel. Also for us there is an important support level, 1981, a breakthrough of which will trigger a strong momentum. Strong resistance: 1988 (false-break-down strategy), the bottom line of the ascending channel (retest and false-break-down). Strong support: 1981 (breakdown strategy), the area of 1968. I expect the price can bounce from 1988 and continue its fall, with a break-down of 1981, and a fall to 1950. Regards to R.Linda!
OANDA:XAUUSDShort
by RLinda
17
GOLD → The approaching breakdown of 1981 and further declineGold may close the month of April with a pin bar, which can provoke quite a strong movement under certain circumstances. What to expect in the coming week? We have a strong bullish trend, the moving averages are supporting, it looks like a positive bullish situation, but! On the 1D chart, the price retested the support at 1981.566, April 2022. Last week the price formed a consolidation and made many false-breaks in the area. Friday makes another false-break and closes very close to the level, which can be interpreted as pressure on the level by the sellers. Closing close to the level will allow breaking it down fast enough. The correction that started can go to the key Fibonacci levels: 1955 (0.382 Fibo), 1926 (0.5 Fibo), but at the moment I expect growth in the mid-term, maybe it will start from the mentioned levels. Strong resistance: 2010, 2025, 2031 Strong support: 1981 (break-down strategy), 1955 (false-break-down strategy). I am expecting a fall at the beginning of the week after the break-down of the support at 1981 . But in the medium-term perspective I will wait for growth by 2000 and 2025 . Regards R.Linda!
OANDA:XAUUSDShort
by RLinda
18
GOLD → Another retest of support. What's going on? Gold makes a false break of the strong resistance and goes back to the support for another retest. On the daily chart, there is still a possible bearish scenario. What's next? Gold is under pressure from the resistance and it is still unable to break out of the upside range. The price is coming back to test the support line of the channel. On the daily chart, there is a 5-day pre-break accumulation, which is close to the support line. Consequently, due to the lack of proper upside reaction from the level, there are chances of a downside breakout. Below the channel line there is a strong support level 1988, a breakdown of this area will mean further significant price declines Strong resistance: the descending line, the level of 2000 Strong support: the lower boundary of the channel, the level of 1988 It is difficult to predict now, so we will act post factum: if the price breaks the support, we will wait for it to fall first to 1988, and then to 1980. If the price breaks the resistance, we will wait for the growth up to 2020. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
26
GOLD → Prerequisites for rise and fall. What to do? Gold is forming a false breakdown relative to upward channel support. A pin bar is forming on the daily chart, but what could be wrong? What's next? Although we have an uptrend and a false-break of the channel support, we have the preconditions for the possible beginning of the fall. The false-break-down is rather deep and it is hard to expect that the uptrend will continue. The price goes back to the retest of the previously broken line and goes back to the channel. But - this return to the channel might just be a trap for additional liquidity by the big player. But, if the price can hold above the channel support or the 1995 level, the rise will continue. Strong support: lower boundary of the channel, the 1988 level. Strong resistance: 2000, 2010. On the daily chart, price forms a false breakout of the 1988 support level in a pin bar format. We see a strong uptrend, but at the same time the price has a huge amount of liquidity below the 1988 level. If price reverses down to retest the 1988 level, there is a high probability of a breakdown of support and a drop in price. Regards to R. Linda!
OANDA:XAUUSD
by RLinda
23
GOLD → Channel support breakthrough. Strong reaction Gold at the stage of the next retest of the support line of the ascending price channel is experiencing an attempt to break through this line. Most likely, on the background of the dollar index pullback, we see a correction in gold. What's next? The price can quickly enough reach the support area 1975-1980 (the rising dotted line). From this area, a pullback to the previously broken boundary is possible. Next, we should watch the price reaction on the resistance lines. There is a possibility of further price decrease to 1960. The dollar index forms a false breakdown of the support level and can form a pullback up, hence gold will give us a reaction to this maneuver. But we have to understand that the price breaks the trend support. Strong resistance: the lower boundary of the uptrend, the level of 1980. Strong support: 1975, 1960) I expect the price may fall to key liquidity zones on the back of the correction. The price is not ready to go to 2070 yet. Regards R. Linda!
OANDA:XAUUSD
by RLinda
24
GOLD → False breakdown of 0.618 and a strong recovery Gold is in a wide upward price channel. Yesterday's correction spooked many, but gold was moving purposefully toward the channel support. What's next? It retested the support of the bullish trend and made a false-break of the Fibo level at 0.618 , which is a strong enough support. From the opening of the session we see a confident growth and the price enters a bullish zone regarding the Fibo level of 0.5 and a strong level of 2000 . Consolidation of the price above this level will determine the further potential - growth to the strong upward resistance line ( to the area of 2020 ). A pullback is possible from the resistance. The zone in which the price is located is quite complex. Strong support level: 2000 (false breakdown), 1995 Strong resistance level: 2010 (breakdown) 2020-2025, 2030. I expect a slight rise from the level of 2000 towards the resistance zone 2020-2025 . If the area is broken through, the growth will continue to 2050 . If the price rebounds, it will form a retest to 2000 . Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
33
BTCUSD → Growth is stopped for consolidation. Level 30575!Bitcoin surges forward and tops out at 31035, then returns to sideways movement and gains energy. What to expect from the price? On the global timeframe (chart on the left), we see that the price is trying to test the global high, which is around 32000 - 33000 . Price forms a strong correction after the first rally, but the second rally ends with a strong consolidation that resumes the rise. Bitcoin obviously enjoys strong support from buyers as there are several fundamental reasons for this: the banking crisis, the thaw and new interest from the crowd. On the local chart, the price is forming a consolidation in the format of an ascending triangle, which can be interpreted as a preparation for continued growth. Also, the price forms a local resistance level of 30575 , a breakthrough of which will mean the upcoming price strengthening to the strong target of 32376 . Moving averages serve as support Strong support: 30000 (false breakout strategy), 29400 Strong resistance: 30575 (breakout strategy), 32376 I expect price to be in consolidation for a while and continue to test resistance at 30575 , but at some point this area will be broken and price will make a new rally to 32376 . Regards to R.Linda!
BITSTAMP:BTCUSDLong
by RLinda
27
GOLD → False support breakdown. Liquidity increased Gold continues its uptrend. This time the price makes a retest of the support level and the price tries to break the level. What's next? The futures made a false attempt to break the upside support. The price made a strong drop on Friday and made a false-break test of 1999.29 (Fibo 0.5), and then we saw the retest and returned to the rising range. Consolidation of the price above the Fibo level of 0.382 (key support level 2010) would form a strong entry point to buy. Strong support: 2010 (false breakdown), upside range boundary Strong resistance: 2025, 2032 I expect that a false break-down of the ascending support formed a huge liquidity potential, which can be directed to further growth. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
40
GOLD → A controversial situation at 1W. Technical pullback Gold is closing above a strong support level on the weekly timeframe, but at the same time it is sending us a signal for a womzoic decline. What to expect in the coming week? The long shadow of the weekly candlestick might indicate that the technical pullback might continue, which was shown on the daily timeframe on Friday's closing candlestick (and a false break-down of the resistance at 2025 is worth mentioning as well). The price is testing the 0.236 Fibo level and closing quite close to the support, there is a chance that the price may test it again. The trend both globally and locally remains with the bulls. Daily moving averages are acting as support. The price after breaking through the strong resistance is in the consolidation range phase, which implies possible accumulation of energy to complete the 5th wave of the Elliot, the target of which might be the Fibo level of 1.618 at 2103 . Strong support: 2000 (false-break strategy), 1991 level (Fibo 0.236 (false-break strategy)) Strong resistance: 2025 (break-down strategy), 2050 I expect that after the beginning of the week the price can be red and we might see a retest of level 2000 or even 1991 (1981) , but since we have an uptrend with the bulls rather confidently defending the support, I will continue waiting for an increase to 2050 Regards R. Linda!
OANDA:XAUUSD
by RLinda
15
GOLD → False breakdown will send the price to 2050Gold reacts weakly to the news as the market was down on Friday. After a three-day weekend, the metal is testing a false break of the support of the key rising channel. The trend remains uptrending and a breakdown of the channel support could be false as the price moves back into the range. To get an entry point into a long position, it is worth waiting for the price to consolidate either above channel support or above the 2000 level. In the medium term, the growth towards 2070 remains relevant at the moment. But there is a high probability that the price may test the support of the wide upward channel and the support zone. Strong support: the Fibo level of 0.5 1990 and the 2000 level. Strong resistance: 2010, 2025. I think if price makes a false break, the scenario will continue and price could reach the 2025 , 2050 and 2070 area quite quickly. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
38
GOLD → 1M breaks through strong resistance. The impact of NFP...Gold is making new highs with confidence. The price finally updated the high of mid-March to 2032, but at the same time it made a false-break, which heralded the beginning of a technical pullback. What should we expect from price in the coming week? The technical pullback that started at 2032 might go to 0.382 Fibo (level 1995 ) and get back to the growth track, which is a false-break of one of the important liquidity zones, the 2000 level. In the medium term the price is in the phase of formation of the 5th wave of the Elliot , the target of which is the Fibo level of 1.618 of the global movement - the price of 2103 . The probability of reaching it is high. If we pay attention to the monthly chart, we can notice the following situation: The strong 2000 liquidity area, which was formed in mid-2020, is confirmed in early 2022. March after the false breakdown of the level closes very close and in April we break through this area. If the price is able to consolidate above this area within the weekly-monthly timeframe, the price will open the way further up. The bullish trend can last quite a long time, there are too many motivating factors. Strong support level: 2000 (false-break strategy) 1995 (touching) Strong resistance level: 2009-2010 (breakout strategy), 2025 (breakdown) I expect at the beginning of the week a small pullback to strong support with the following continuation of the growth towards 2070 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
23