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Trend Line Break

GOLD → 2200 is unaffected. Are we close to a correction?FX:XAUUSD has been trading quietly since the opening of the session, but after a strong growth the price starts to stop. 2195 - 2168 actual consolidation. It is necessary to follow the reaction of the price to the flat boundaries. The market today without news, trading can be quite calm. The dollar index is testing a strong support area, the shadow of Friday's candle indicates a possible correction. Gold may react the same way. The price of the metal after a strong rise stops, resistance begins to appear in the market. Bull Run cannot last forever, the market maker can reverse the local price movement with the purpose of liquidation. It is worth paying attention to the support at 2175, 2161, 2144. The break of the structure of these zones may start the correction phase. Resistance levels: 2194, 2200 Support levels: 2175, 2168, 2161 I expect a correction, which may come either when the mentioned support lines and liquidity zones are broken or after the test of 2200 CAPITALCOM:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
USDCAD → Attempting a trend change. Target 1.34?FX:USDCAD demonstrates an attempt to change the trend on the background of weak USD fundamentals. The Canadian is strengthening on this background and this phase may continue further. Globally, the currency pair is in the range of 1.32 - 1.38. Trading is taking place between intermediate strong levels. Buyers are still unable to overcome 1.35, as the dollar index shows weakness amid high inflation in the US. In this case, the dollar may continue to lose ground, which is favorable for the Canadian dollar. Most likely, in the medium term, the price from the previously broken trend support or 1.35 may continue its decline towards the key, at the moment, liquidity zones indicated on the chart. Resistance levels: 1.350, 1.35418 Support levels: 1.3475, 1.3409, 1.33585 I expect the end of the correction in the area of 1.350, which may further resume the downward movement with the goal of reaching the areas indicated on the chart. Regards R. Linda!
Short
by RLinda
2
💡 XAUUSD: Waiting for CPIGold prices increased in the first trading session of the day in the US. According to reports in the US, the number of jobs in the non-agricultural sector increased by 275,000 units in February 2024. The US unemployment rate increased to 3.9%. The market received the comments of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts predict that the Fed is ready to cut interest rates and the timing could be in the middle of this year. Upcoming inflation data will attract the market's attention because this is important data to assess the timing of the Fed's interest rate cuts. During the week, markets will monitor retail sales reports and weekly unemployment claims, as well as US manufacturing data.
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: Continue to increase or decrease?Many analysts believe that, although gold has experienced a strong week of increases and will likely continue to increase in the near future. However, traders are worried that if the US consumer price index report for February published on March 12 increases, expectations of interest rate cuts by the US Federal Reserve (Fed) will continue. continue to prolong. Some experts predict that inflation may rise faster than expected as a direct result of the spike in energy costs. Experts warn that gold investors should be cautious, a slight increase in the inflation index will also cause gold prices to decrease in the short term. SET UP - BUY LIMIT 2174 - 2172 TAKE PROFIT 1: 2180 TAKE PROFIT 2: 2185 STOP LOSS: 2167
OANDA:XAUUSDLong
by Stone_Haven
US30 BEARISH IDEAWe had 2 successful prediction for this index previously. Technical always remains bearish and could be to target more demand liquidity. Price did reach all time high, so we could definitely be expecting a correction. Weekly candle just broke previous low --> this could mean a long term bearish view. And considering the fundamental facts, I believe price could target any supply zone before it keeps dropping. This is just an idea and might be subject to change ! KEEP FOLLOWING FOR MORE UPDTADES!!
CAPITALCOM:US30Short
by NISP3R0
2
XVS Cryptocurrency Analysis: Uptrend Continuation or Correction This analysis examines the current state of the XVS cryptocurrency and assesses its potential future direction. Technical Analysis: Battling Weekly Resistance: XVS is facing a significant hurdle at the weekly resistance level, which could determine the course of its future trend. Escaping the Accumulation Box: The recent breakout from the daily accumulation box marked a notable 80% surge. Insufficient Rest Calls for Correction: The current uptrend lacks sufficient retracement, which is typically necessary for sustained upward momentum. Key Support and Resistance Levels: Support: The blue trendline support acts as a critical barrier, with a breach potentially leading to a retracement towards the previous weekly resistance. Resistance: The next weekly resistance level presents a significant obstacle for further upward movement. RSI Indicator: Overbought Territory: The RSI indicator is approaching the overbought zone, suggesting a potential correction. Momentum Confirmation: A break above the overbought threshold could signal strong upward momentum. Lower Timeframe Analysis: 4-Hour Timeframe: A more detailed analysis on the 4-hour timeframe provides a clearer picture of the current price action and potential support and resistance levels. Conclusion: The XVS cryptocurrency is at a critical juncture, with the outcome of the battle at the weekly resistance level determining its future direction. A correction is likely before further upward movement can occur. but considering decreasing the volume the out come might be different. This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Short
by solinash1
💡 GBPUSD: Forecast March 11The upward momentum for GBPUSD D1 continued strongly with the sixth consecutive day of gains last Friday. Friday's up D1 bar was structurally important because it broke out - from the most recent price high, confirming GBPUSD D1 return to the uptrend, as it established a new price high. GBPUSD H1 accelerated as it created an upward sloping price channel with a steeper slope than the trend line below. This increased buying pressure is a sign of a trend with strong momentum that is likely to continue. So if GBPUSD H1 pulls back today, you can wait to buy.
Long
by Stone_Haven
💡 XAUUSD: NFP pre-predictionGold prices continued to rise higher in the past session, recording the 7th consecutive increase and officially creating an ATH (all-time high). However, there are three points to note: 1/ the increasing force is showing signs of decreasing; 2/ Price has increased sharply for many days, creating heavy overbought signals; 3/Selling pressure is showing signs of returning this morning. All of this warns bulls of risks if they buy to chase prices at this time. The medium and long-term outlook is still bullish, but you need to be careful with the possibility of a short-term correction. You should only consider buying after corrective moves, the next target is the 2200 threshold.
OANDA:XAUUSDLong
by Stone_Haven
BAT Weekly Analysis: Seizing Entry Opportunities🔍In the weekly timeframe, BAT has broken its trend line, with the trigger at 0.3159 confirming the breakout convincingly. The notable volume surge since early February 2024 suggests increasing interest from market whales and participants, likely indicating significant buy-side activity. ✅Additionally, the presence of a curvature line suggests a diminishing bearish trend, ultimately breaking the upward support, further bolstering the bullish sentiment. 🛒However, it's essential to acknowledge that the primary trend trigger rests at 0.4522. Although entering trades with the current candle presents an enticing opportunity, it also carries elevated risk, potentially exceeding acceptable loss thresholds. Nevertheless, capitalizing on the strength of this candle for buying purposes is a viable strategy. 🛑Setting a maximum of 1% capital allocation for trades without stop-loss and considering a range of 0.2 for stop-loss trades is advisable to manage risk effectively. 💥RSI resistance at 61.24 has been breached, confirming overbought conditions and supporting the bullish bias. 📰Fundamentally, BAT is the token associated with the Brave browser. Considering the browser's potential for growth, investing in its token could be lucrative. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Long
by itsparham96
GOLD → NFP. $2200 or $2100? What could happen?FX:XAUUSD is in the bull run phase. The price growth is fueled not only by the breakout of consolidation, bullish trend, but also by the huge interest on the background of negative geopolitics, high inflation, but also by the fundamentally weakening dollar. The price is forming strong consolidations with subsequent growth without correction phases, which tells us that there is either a strong buyer or no seller, which is more likely. For the market, psychological levels may be the targets. Such as 2175, 2200. The scenario with a false breakdown of the past ATH failed due to fundamental factors. So at the moment we need to consider a test of the above mentioned important levels. There is news ahead which is important but at the same time unpredictable. Be careful. Price entry into the risk zones will trigger a strong sell-off phase. Resistance levels: 2175, 2185, 2200. Support levels: 2161, 2145, 2100 It is hard to expect anything amid strong growth and approaching NFP. The market may be very aggressive and give high volatility and volume. Within this framework, the price can quite confidently test both 2200 and 2100 (buyer liquidation phase) TVC:DXY CAPITALCOM:GOLD NCDEX:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSD
by RLinda
8
BAL/USDT Get ready to seize an excellent LONG trading chance!BINANCE:BALUSDT The recent breach of a major trendline on the weekly chart for BAL/USDT signals an enticing long trading opportunity. With the price now situated above this level, prospects are bright for a potential target range of USD $60 to $70. #BAL/USDT SPOT LONG ENTRY Leverage: 3x Entries: $5.855 Take profit 1: $7.351 Take profit 2: $17.000 Take profit 3: $72.297 Stop Loss: $3.180 NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk! Thanks The sroced.
Long
by srocedtrading
GBPUSD → Breaking resistance, but news ahead.... FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution. The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are intensifying. A currency pair before the news or at the time of increasing liquidity can reach the target we mentioned. But the news may negatively affect the GBPUSD price as the regulators may support the dollar index quite strongly. Consolidation above 1.2685-1.27 could trigger a rise towards 1.2827 Support levels: 1.2685, 1.270 Resistance levels: 1.827 I expect growth to the above target, but on the background of news and increase in liquidity the price may return to the correction range Regards R. Linda!
Long
by RLinda
3
KAVAUSDT → Readiness to move into the distribution phase BINANCE:KAVAUSDT breaks the triangle resistance, which provokes the formation of a strong impulse. But now the price meets the flat resistance at 0.954. On W1, the coin is starting to come to life, but is still very far away from the overall altcoin market. Trading volumes are growing when the resistance is broken, which indicates that the market is ready to realize the accumulated potential. On D1 we are interested in the level of 0.954. A correction is possible, but we need to wait for a breakthrough and price consolidation above this area, which will be a confirmation of the market's readiness to go higher. Support levels: 0.865, 0.694 Resistance levels: 0.954 I expect a final exit of the price from the global downtrend and subsequent growth to 1.28 and 1.55. BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
28
EURUSD → Consolidation for continued growth. What's the target?FX:EURUSD is forging consolidation within the ascending channel after the breakout of the local trend. This setup may be aimed at further growth towards range resistance. On D1 we see consolidation forming above the key support at 1.07958. A rather strange paranormal volume was drawn on Thursday, which is difficult to interpret in the current environment. The dollar index also stands still and continues to shrink to the support. A local channel is forming on H1, another retest of 1.07958 or trend support is possible, after which the currency pair may head towards the targets indicated on the chart. There is no news today, so the trading session on Monday may be calm. Support levels: 1.07958 Resistance levels: 1.08975, 1.1000 I expect the growth to continue within the emerging setup. A change in the local trend is forming within the global flat. Consolidation may form the potential for the continuation of the formation of a bullish impulse. Regards R. Linda!
Long
by RLinda
5
MATICUSDT → Breaking through triangle resistanceBINANCE:MATICUSDT is forming an attempt to change the trend. The price is testing the resistance area of the descending triangle. A consolidation above the key level may start a strong distribution. MATIC price is still in a bearish trend amid a strong cryptocurrency rally. For the last few days, the coin has been forming a resistance retest and is currently consolidating above 1.0303, a level that now plays a key role. If the bulls consolidate their positions above this level, they will form a potential for further growth of 20-50%. The first target is 1.1990, then 1.5490. On the weekly timeframe we see that the price realizes growth inside the range, the target of which is resistance. Support levels: 1.03030, 0.9849. Resistance levels: 1.1990, 1.5496. The coin is breaking the resistance, but it is still under the pressure of sellers. If buyers consolidate their positions above 1.0303, form the so-called local bottom, strong growth awaits us in the medium and long term BITSTAMP:BTCUSD CRYPTOCAP:TOTAL2 BINANCE:MATICUSD Regards R. Linda!
MLong
by RLinda
13
AGLDUSDT → Pre-break consolidation. Possible growth of 30-60%BINANCE:AGLDUSDT is forming quite an interesting set-up that can realize a growth potential of 30-60% in the short-medium term. On the high timeframe we see the formation of resistance at 1.404 and a sufficient number of retests of this area. In general, altcoins are strengthening quite strongly following the flagship, but AGLD is lagging behind, and the market is held back from the transition from neutral to bullish phase by only one level. A pre-breakdown consolidation is forming around 1.400. Slow approach and gradual squeezing to 1.400 will signal a breakout soon. The price may go straight up without consolidation above the level. Resistance levels: 1.404 Support levels: 1.286, 1.146 I expect a breakout of the resistance indicated on the chart, followed by the realization of the potential of 30 - 60%. Targets are indicated on the chart BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
6
Non-Farm trading strategy, decrease then increase againWorld gold prices continued to increase with spot gold increasing by 14 USD to 2,159.4 USD/ounce. Gold futures last traded at 2,167.3 USD/ounce, up 9.1 USD compared to yesterday morning. World prices of the yellow metal extended their rally to an all-time high on Thursday as comments from US Federal Reserve Chairman Jerome Powell at a congressional hearing further reinforced expectations. Expectations of loosening monetary policy this year. At the hearing, Mr. Powell said it is possible that interest rates could be cut this year if the economy is not as expected and there is more evidence that inflation is falling sustainably. The Fed Chairman also emphasized that it will not be long before we see inflation moving towards the target level of 2%. According to CME's Fedwatch tool, traders are pricing in a 72% chance of a rate cut in June, compared with about 63% on February 29.
OANDA:XAUUSDShort
by FalCol_TradingMaster