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Trend Line Break

GOLD → Waiting for the news. What are the odds of a fall ↓ ?FX:XAUUSD is trading under resistance pressure. The market is still forming a downward correction channel after a strong rally. Ahead of important news that will determine the medium-term outlook. The price is testing the correction resistance, but at the same time sellers are still holding the market back. Buyers do not let the price go beyond 2145-2150, thus a bearish pattern like a descending triangle is formed on the chart. The market still has a chance to break the support and this set-up has a high probability. The news is coming and everyone is waiting for what Powell has to say about the rate and inflation. His words may determine the medium-term outlook for the market. Resistance levels: 2160, 2163 Support levels: 2152, 2144, 2125 I am still inclined to believe that we have a fall ahead of us (globally - false breakdown of 2145-2150). Before that, on the background of news, the price may retest the resistance. The main prospective target is the price decline on the background of strengthening of the dollar index. Regards R. Linda!
FX:XAUUSDShort
by RLinda
22
EURUSD → Bullish trend structure breakdown FX:EURUSD is breaking the structure of the ascending channel and the market is trying to change the trend on the background of the strengthening dollar index. The market is waiting for news from FOMC & FED today. Globally, we have a neutral range in the format of a symmetrical triangle, with strong resistance at 1.095 - 1.10 inside, which restrains the price from further growth on the back of a strong dollar. It is obvious that at the moment, technically, the pair is preparing for a decline to 1.0795 - 1.070. Consolidation below 1.08597 will serve as a signal for further decline. Today at 18:00 FOMC & FED members and head will speak, where inflation and interest rate in the USA will be discussed. The slightest hint of a more hawkish view on the siutation amid high inflation could strengthen the dollar. In such a case the Euro will continue to fall Resistance levels: 1.08697. 1.08975 Support levels: 1.07958,1.0703 The news will determine the medium-term outlook for us. Most likely, the data may be negative for the currency pair, because against the background of high inflation regulators will continue to support the dollar. Regards R. Linda!
Short
by RLinda
5
💡 XAUUSD: Next developmentsBar D1 was a bullish pinbar model yesterday, showing that buying pressure pushed up from below for D1 gold, promptly preventing a breakdown from the Inside bar model, which could cause D1 gold to fall further. Because the Inside bar has not broken yet, the cumulative price compression state is still happening for D1 gold. The main chart structure of gold D1 is bullish. H1 gold yesterday broke the bottom during the Asian session but rebounded afterward, creating a false break below, showing that there is buying pressure below. But the chart structure with gradually lower price peaks shows that there is still pressure to sell above, so today's H1 gold trend continues to be waiting to sell at the above resistance. If there is a breakout - from this resistance, H1 gold will establish an uptrend, providing the basis for the idea of ​​buying later.
OANDA:XAUUSDShort
by Stone_Haven
Continue sideways waiting for the day to breakWorld gold prices fluctuated little as investors waited for the US Federal Reserve's (FED) policy meeting on March 20 (US time). The meeting is expected to provide more clues about the timing of interest rate cuts this year. Currently, the market is almost certain that the FED will keep interest rates unchanged at this meeting. What investors are waiting for are updated economic forecasts and interest rates from policymakers. Chief market analyst Tim Waterer of KCM Trade commented that if the FED focuses on the recently announced US consumer price index (CPI) and producer price index (PPI) and the strength of the market, labor, hopes of loosening monetary policy will be extinguished. In that case, gold could lose that support and fall even deeper. Currently, according to the CME FedWatch tool, traders are currently pricing in about a 51% chance that the Fed will cut interest rates in June, down from 56% on March 18. In addition to the FED, policy meetings of central banks in Japan, England, Australia, Norway, Switzerland, Mexico, Brazil and Indonesia also attracted investors' attention.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD → Correction + bearish set-up. What to expect from XAU?FX:XAUUSD is being held very tightly within the downward correction channel. The fundamental background on the market is weak, at this time the dollar is growing, which in general negatively affects the price of metal. Set-up on H4 shows us a strong resistance on the market. In general, this is due to the negative fundamental factor because of the economic news, which generally supports the dollar index. There is a pattern forming on the chart that could break the support formed in December 2023 (2145-2150) In this case a false breakout could occur. Statistically, the strongest moves occur after a false breakout. A breakout and consolidation below 2145-2150 may initiate a strong decline to the liquidity areas indicated on the chart. Resistance levels: 2156, SMA Support levels: 2144, 2125, 2100, 2075 I expect a retest of 2145-2150 with a bounce. If the price quickly returns to this support, the chances of a breakout will then increase. Fundamentally and technically, the gold market is showing weakness, so we should expect a negative scenario at the moment TVC:GOLD COMEX:GC1! MCX:GOLD1! TVC:DXY Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
AUDUSD → The Bears continue to dominate. Waiting for the fall FX:AUDUSD continues to form a downtrend in the medium term. There is no way the Australian dollar can change the trend against the backdrop of a consistently strong US dollar. Global and local trends coincide and have a downward trend. The dollar index continues to trade on the wave of positive economic news. Most likely in the future the currency pair will continue its decline. On H4 we are interested in the level of 0.6535. Consolidation of the price below this zone will form the potential for further decline. Medium-term targets in this case will be 0.6443 and 0.6352. Resistance levels: 0.6535 Support levels: 0.6443 The bearish trend formation is likely to continue. The dollar is strong and is not going to give up its positions, which generally has a negative impact on the currency pair. Regards R. Linda!
Short
by RLinda
1
GBPJPY → The bullish trend may continue for a long time. Why?OANDA:GBPJPY has been forming a bullish trend for 4 years. This trend may continue its growth as the national currency of Japan is not going to strengthen. On W1 we see a clear trend within the global range. The target in the medium and long term could be 195.844. On H1 there is a beautiful price channel and flat. Within the flat price is trading between levels, earlier there was formed a capture of liquidity from the support at 188.83 (false breakout), which in this case formed a sufficient potential for further growth, as the key liquidity, which is now interested in the market, is located above 191.33. Resistance levels: 190.08, 191.33 Support levels: 188.83, 187.96 In the near future we expect a breakthrough of resistance at 190.08 with further consolidation of the price above this area, which will form the potential for growth to the target Regards R. Linda!
Long
by RLinda
6
EURUSD → Weak fundamental background and trend change FX:EURUSD is testing the local channel support. The probability of a breakout attempt is quite high, as the currency pair is trading on a negative fundamental background. The dollar is strengthening after a wave of positive news, at the same time EURUSD is hitting a strong resistance at 1.0949 on D1. A bearish candlestick is being formed with the session closing at the low point. Based on the candlestick pattern on Thursday, we can assume that the negative fundamental background is favorable for further decline, and the market is not finished moving yet. Consolidation below 1.08975 and breakout of 1.0880 will form a potential for further fall. The zones of 1.07958 and 1.0724 could become a target Support levels: 1.0880 Resistance levels: 1.08975 I expect a retest of resistance followed by a breakout of support. The market is trying to change the local trend and with a high probability it can do it Regards R. Linda!
Short
by RLinda
5
BITCOIN → Trap. Retest. Breakout. Correction. Halving.BINANCE:BTCUSD breaks through the 69K mark, grows by 8% and hits a strong resistance zone. There is a high probability of forming a false breakdown before further correction, as there are reasons to weaken the price a bit before further growth. The flagship of the cryptocurrency market updates the high at 73794. Technically, 69K is starting to sell off strongly and the bars on H1-H4 make many nervous, but the market maker comes into play at the moment when the market becomes unbalanced towards selling. On H1-H4 you can see the decline start to redeem itself and price compresses to 69K and then forms a breakout. At this point, all sellers are trapped and liquidated. The price reaches a new ATH and hits the limit-resistance set up in the market to hold the price, as the bull run cannot continue all the time, the market needs a rest, the whales need to open positions at more favorable prices than 74K, and halving the decline is another reason for the asset to drop in value. It is worth paying attention to the support zones mentioned. The 68500-69K level will hold the price for a long time as it is a very strong zone, but based on the set-up and pattern, there is a high probability to see a breakout and decline. The 60K zone is ideal for a test as it is a strong intermediate bottom, but we should also pay attention to the 63750 intermediate target. Below 60K the market will not let the price go, as a breakout of this area will start a strong liquidation and decline, and it will be very difficult to hold it. In the zone of 60K there is a huge pool of liquidity, which can be interesting for the market and accumulation of potential before further growth. In general, now the market will move in the range, inside the range the correction will develop. Trading will take place between the levels. Expected range: 69-70K (from above) and 60K from below. Resistance levels: 69K, 71K, 72400, 73700. Support levels: 65600, fibo 0.382 Based on the current market structure and price behavior, we have a high probability of catching a correction in the market. Everyone needs to rest and whales need to buy at more reasonable prices. CME:BTC1! BINANCE:BTCUSDT COINBASE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards, R. Linda!
BITSTAMP:BTCUSDShort
by RLinda
105
Complete analysis of Bitcoin (time and price analysis)Hello dear friends I hope you have used Bitcoin and Tether Dominance analysis (I informed the exact date of the previous 2 corrections) We are at a stage of the market where it is very difficult to overcome greed, be sure that if the market was going to make more profit than this, I would have opened a long leverage position of 3 or 5 right now, but it is not the case. Some friends say that Tether has minted 9 billion dollars during this period, this is a bullish sign, well, in the history of crypto, Tether has minted almost another 90 billion dollars, but it has never been able to break its long-term support line (Tether Dominance Analysis). So from the psychological point of view, it has a strong impact on the price. 2 simple technical tips to prove the weakening of the Bitcoin trend: 1- After breaking the resistance of 53,000 to 54,000, in the 4-hour or daily time frame, the price moved without a pullback, and as you can see, a FOMO wave was formed. 2- This Fomo wave has formed 3 FVG (price gap) in a row, which technically closes sooner or later when the price reaches this area. Taking into account Bitcoin charts, Bitcoin Dominance, Tether, and proximity to halving, the probability of price correction is higher than increase, so I open a short position with leverage of 3-5% and place stop loss 2-3% higher than time limit, in order to manage capital and risk. I will place it from the historical ceiling (target range of 53-54 thousand) Friends, pay attention, maybe a pattern will form in the lower time frame (1 hour or 30 minutes) and its ceiling will break, but this movement is nothing but a bullish trap. Time analysis: I think the time range from March 11th to 25th, is the golden 14 days of the market to enter the corrective phase, note that the market maker is in control of the media and will do anything to make people excited. I suggest you read the previous 2 analyzes. I would be happy if you share your opinion with me. Give me energy by liking and following me.
Short
by Sadegh_Sh
7
Naukri: Breakout from Key Trend Line - Short Opportunity?Hello Traders, Critical Zone Breakout from Supply Zone Indicates Potential Downside Momentum, We have A Supply Zone, And We Breaked a Trend Line So, There is A Potential Move Downside. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NAUKRIShort
by SuccessStrikes
2
GOLD → The correction continues. Test of strong support FX:XAUUSD continues to form correction. Price has been breaking through support since the open and is testing the key liquidity area formed on Dec. 4 $2,145 - $2,150 Overall, the price is not ready to go above the made high. Yes, there was an earlier breakout of the resistance level from December 2023, but there seems to be pressure from the resistance side of the market, this could be due to a strong seller or still no buyer. The candlestick setup indicates that the market is getting ready to go back beyond 2145-2150 and head towards lower zones like 2125, 2100, 2075. On H1, a bounce is forming within the descending channel, the price may test the moving average zone or even the resistance zone of the channel before resuming the decline. Resistance levels: 2156, 2162, 2172 Support levels: 2144, 2125 I expect a retest of resistance or moving averages after which the correction will resume. But the breakthrough of 2145-2150 may turn into a change of the local trend TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
💡 XAUUSD: The pace dropped sharplyGold had its second consecutive decline after Friday. Friday's down D1 bar created a bearish pinbar pattern, with a long upper shadow and a close near the bottom, showing selling pressure pushing down from above. Deeper price compression took place when Friday's D1 bar fell inside the previous D1 bar, also inside the overall Inside bar model to create a double Inside bar model, and then had the narrowest amplitude in 04 The nearest D1 bar to create the Inside bar model, thereby forming the price action combo is Inside bar + Narrow Range bar. With such price behavior, D1 gold may experience strong price fluctuations in the near future. Because the uptrend is the dominant trend in D1, D1 gold can wait for a deep price pullback to buy. The chart structure in the form of a descending triangle - is maintaining for H1 gold, with price peaks gradually lowering and price bottoms moving sideways, reflecting selling pressure from above. The scenario for H1 gold today is to either wait for the price to rebound to the upper resistance level to sell, or wait for the price to break the bottom and then retest to sell.
OANDA:XAUUSDShort
by Stone_Haven
Gold rebounds slightly, still bearishGold rebounded from a slight decline during the day, and it can still be shorted after the rebound. Although the K-line of gold currently maintains a high level of shock in the daily trend, the price is showing signs of gradually moving out of the high-level shock range. The K-line has gradually begun to come under pressure from the short-term moving average. In the short-term trend, the technical form has begun to gradually weaken. signs. The 4-hour trend fell below the early linkage support and then a slight rebound just completed the technical form repair. At present, the short-term moving average continues to diverge downward, and the weak trend in the short-term trend has not changed for the time being. I currently tend to short gold after a rebound.The current short-term resistance of gold has moved down to the 2165-2160 area.
TVC:GOLDShort
by Donald-king
To get back to Gold, we need a decline, entry sell todayGold futures price for delivery in April 2024 on the Comex New York floor decreased by 6 USD, equivalent to a decrease of 0.28%, to 2,161.5 USD/ounce. Information from central banks will take center stage this week, with interest rate decisions due from the Bank of Japan and Reserve Bank of Australia on Monday, the US Federal Reserve on Wednesday, Bank of England and Swiss National Bank on Thursday. Markets will also pay attention to housing starts and building permits in the United States on Tuesday, as well as weekly jobless claims, the Philly Fed manufacturing survey, Flash PMI and existing home sales on Thursday. Given the pace of the breakout and the slowdown at $2200, it looks like gold needs a pullback, and with the Fed on Wednesday, it's reasonable to see some profit-taking beforehand. There are probably a lot of investors who have put in money late and want to take some profits now that the breakout has started to falter, especially with a major mover on the horizon.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD → Setting and background foreshadowing the decline FX:XAUUSD is updating the global maximum. The distribution stops. The market goes into correction state. But, what is also interesting, a setup is forming on the chart, foreshadowing a support breakout. Let's briefly discuss the current situation in gold, without a long rant. The upcoming week is full of news. FED & FOMC meetings and Powell's speech are the ones to pay attention to, as inflation, interest rate and other nuances that determine the medium-term outlook may be discussed. Technically, gold is entering a correction phase. If we take a closer look at H1, we can see a descending triangle pattern. The character of the pattern is "support breakout, reversal and decline". This pattern can be interpreted as the presence of a strong seller or the absence of a buyer. Resistance levels: 2160, 2166, 2173 Support levels: 2155, 2147, 2100 The market is waiting for a correction, which is evidenced by the fundamental background, technical analysis and candlestick patterns. There is a high probability that the support may be broken with the subsequent correction towards the mentioned liquidity areas CAPITALCOM:DXY MCX:GOLD1! COMEX:GC1! TVC:GOLD Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
Bitcoin to 60k - Clarification on the Last PostApologies for the multiple posts on the same topic readers. One of my followers kindly pointed out that we had already hit 64.8k and I realized that I had not proof-read my work before sending out. The title of the last post was supposed to say that Bitcoin was headed to 60k not 64.8k. I have corrected this where I can but unfortunately, am not able to correct this on TV. So, since we’ve hit 64.8k already, the projected price trajectory that I meant to describe can be seen in the chart above. Essentially, it is this: we bounce to 69k and create a new lower high, then we drop back down to 64.8k and break it, dropping further to our multi-year support at around 60k. It is at this point the market will have a decision to make. Do we drop further and retest 48k or do we bounce and head towards that 80k target overhead? As long as we remain on the top side of that multi-year support/resistance trendline, my bet is that we’ll hit 80k next. Hope this clarification makes more sense. Best, Stew
INDEX:BTCUSDShort
by stewdamus