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Consolidation

DXY Consolidates SidewaysTVC:DXY continues to consolidate and be held between a Resistance and Support Between: Resistance @ 98.2 - 98.3 Support @ 97.75 - 97.6 If TVC:DXY breaks the Local Resistance, this will see the USD gain strength temporarily til the Next Resistance Level @ 98.5 - 98.95 If TVC:DXY breaks the Local Support, this will see the USD lose strength temporarily til the Next Support Level @ 97.3 - 97.1 Fundamentally, Tariffs will continue to effect the underlying inflation issue USD deals with along with expectations gaining of not only 1 but a few Interest Cuts could come from the Federal Reserve before the end of the year! This could severely weaken USD!
TVC:DXY
by Novi_Fibonacci
GOLD → Attempt to break through 3350 for a retest of 3370FX:XAUUSD is stagnating in a range, awaiting a driver. The price is consolidating, with boundaries narrowing and forming a symmetrical triangle... Gold is trying to consolidate above $3,350 after falling to an 11-day low of $3,325 amid geopolitical uncertainty. Markets are awaiting Trump's talks with Zelensky, which will be joined by European leaders, hoping for a quick peace agreement on Ukraine. However, general optimism is limiting demand for “safe assets.” Expectations of a dovish Fed policy and the possible lifting of sanctions against Russia are adding to the positive sentiment. At the same time, gold risks a correction if the dollar strengthens amid profit-taking ahead of the Fed minutes and Jerome Powell's speech in Jackson Hole. Technically, if gold can break through the 3350 level, the market may test the 3370 resistance in the short term, but then return to support due to uncertainty. Resistance levels: 3350, 3370, 3400 Support levels: 3331, 3315, 3301 At the moment, since the price is in a range, it is worth considering an intrarange trading strategy: false breakouts or rebounds from strong levels. I think that until a strong driver appears, gold will remain within the specified range. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
14
Key Levels Set: Where Will Gold End This Race?Good morning, my friends, Gold is currently moving sideways. Let me tell you this: if gold breaks above the 3363 level and closes a candle there, the next target will be 3380 or even 3390. However, if gold breaks below 3330 with a candle close, then the target will shift to 3310 or 3300. Right now, gold is in a tight squeeze — bulls and bears are battling it out. Let’s see who wins and who puts the final stamp on this move. We’ll all witness it together. My friends, every single like you send is my biggest source of motivation to keep sharing these analyses. Thank you so much to everyone who supports me with a like.
TVC:GOLD
by TraderTilki
16
XLMUSDT → Consolidation before rally to 0.4700BINANCE:XLMUSDT is recovering after a fairly aggressive decline, the purpose of which was to consolidate potential and retest trend support. The chart shows signs of a bullish movement... The growth of BTC and ETH and the decline in Bitcoin's dominance index give altcoins a chance. The market is generally bullish, and in the second half of this week, we encountered a correction that has most likely come to an end. XLM has a fairly strong support line, above which the bulls are aggressively holding the price. XLM is rebounding from the upward support line. The price returned to the trading range of 0.4274 - 0.4685, but encountered strong resistance at 0.4331, a break of which will confirm the bullish market structure. An ascending triangle is forming with a trigger at 0.4331. Support levels: 0.4273, 0.4194, 0.4114 Resistance levels: 0.4331, 0.4596, 0.4685 Within the local “ascending triangle” structure, the price may continue to consolidate. A retest of local support zones is possible. However, a smooth compression of the price towards resistance may lead to a breakout, which in turn, due to consolidation, may provoke a strong upward momentum. Best regards, R. Linda!
Long
by RLinda
5
GOLD → Gold is consolidating. What will C.Retail Sales show?FX:XAUUSD is consolidating due to uncertainty caused by economic data from the US, interest rate decisions, and negotiations between the presidents of Russia and the US. Gold has not had an easy time lately, with the price in a rather difficult zone both technically and fundamentally. Low-potential, restrained movements occurring within the consolidation are waiting for a strong driver to appear. Potentially, this could happen today, as we have retail sales data ahead of us, as well as a fairly important event - a meeting and negotiations between the presidents of Russia and the US. Technically, the focus is on the boundaries of the current consolidation: 3331 - 3349 - 3366. Thursday's weak close (close to the trigger) hints at a possible attempt to break through 3331 with the aim of falling to 3300. However, a sharp approach and seizure of liquidity from 3331 could provoke a rebound to local resistance (3350 - 3366). Support levels: 3331, 3300. Resistance levels: 3350, 3366. Markets are waiting for hints on interest rates. Weaker data on Core Retail Sales and Retail Sales could bring us closer to a reduction in interest rates, against which backdrop gold could strengthen. And vice versa, respectively... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
12
GBPUSD → Breakout of resistance after consolidationFX:GBPUSD is rebounding from strong daily resistance with the aim of consolidating its pre-breakout potential. The fundamental background for the pound is positive... GBPUSD has a strong market structure. A false breakout of resistance at 1.3589 is forming. The level could not be broken on the first attempt, MM may form a correction or consolidation for a retest of resistance with the aim of a breakout and further growth. Focus on the liquidity zone at 1.35, 1.3488. The dollar is in a downward movement within the global bearish trend. Despite conflicting news, the index continues to decline, giving the pound a chance... Resistance levels: 1.3589 Support levels: 1.3521, 1.3488 The market needs consolidation in order to break through this barrier. Against the backdrop of a bullish trend, which is already supporting the market, we can expect a rebound from support with the aim of continuing growth. Best regards, R. Linda!
Long
by RLinda
3
HYPEUSDT → Correction for consolidation before ATH breakoutBINANCE:HYPEUSDT.P looks quite strong and is just a few cents away from reaching its ATH. The coin needs to build up its potential to reach its target and break through a strong resistance level... The cryptocurrency market feels quite confident. Bitcoin's growth is having a positive effect on altcoins. HYPE almost tested its ATH as part of an upward movement, but encountered pressure. The price did not reach its target (ATH) and entered a correction phase. Most likely, this is an MM maneuver to collect liquidity... As part of the correction, the market may test the consolidation located below. Focus on the support area 0.5F - 45.85 Resistance levels: 49.88 Support levels: 45.85, 44.27 The most likely scenario is a retest of the support and interest zone. A false breakdown and the bulls holding the price above the level, i.e. in the zone of interest, could attract active buying, which in turn could trigger a continuation of the growth within the global bullish trend. Best regards, R. Linda!
Long
by RLinda
5
GBPAUD → Attempt to break through resistance. Rally?FX:GBPAUD is preparing to accelerate its growth within the global bullish trend. A breakout of the local channel resistance is forming... Against the backdrop of the falling dollar, GBP is taking advantage of the opportunity and entering a phase of active growth. GBPAUD is emerging from local consolidation. The movement is accompanied by bullish momentum and a breakout of the upward channel resistance. Technically, after retesting (forming) the upper channel boundary at point 2, consolidation is forming. There is no decline, which indicates the bullish potential of the market. The breakout of the overall figure's resistance confirms the buyer's intentions... Resistance levels: 2.0698, 2.0756, 2.085 Support levels: 2.06658, 2.06537, 2.0593 If the bulls keep the price above the specified zone after the breakout, then in the short and medium term, the price may continue to rise to the resistance of the trading range... Best regards, R. Linda!
Long
by RLinda
2
ETHUSDT → A new range has been opened. Onward to ATH!BINANCE:ETHUSDT is breaking through strong resistance formed in the 4090-4100 area on D1-W1. Consolidation is forming after strong growth, which can be seen as a positive sign. Bitcoin has been looking quite weak recently against ETH, which continues to rally despite Monday's red market. ETH managed to break through the fairly strong resistance level of 4095, and after a strong 25% rally, the price moved into consolidation (trading range 4325-4160, with resistance at 4325 as the trigger). Technically, we see that the market has stopped updating local lows, and a fourth retest of resistance is forming with reduced volatility, which in general could lead to a breakout attempt. Consolidation of the price above the consolidation resistance could trigger further growth. A channel to the ATH is open... Resistance levels: 4325, 4450, 4800 Support levels: 4220, 4162, 4095 ETH is quite strong and the market may not allow the price to fall too low, as there is a lot of excitement. However, I do not rule out the possibility that weak Bitcoin will affect ETH, which in turn will test the liquidity zone (4162 - 4095) from below before rising to ATH. Best regards, R. Linda!
Long
by RLinda
15
EURCAD → Consolidation above the mirror level...FX:EURCAD continues its global bullish trend. Locally, within the upward movement, we see a pause, but the nature of this pause is not aimed at a reversal, but at consolidation before growth. EURCAD, within the upward trend, is pausing before local resistance at 1.6052. A pre-breakout base is forming with fairly active and dynamic buyers. A breakout and consolidation of prices above resistance will trigger further growth. Focus on consolidation at 1.6052 - 1.5977. The market is not updating local lows, volatility is decreasing (consolidation pattern) and the assault on resistance continues. Strong prerequisites for the movement to continue Support levels: 1.6011, 1.5977 Resistance levels: 1.6052, 1.6118 A smooth approach to resistance, a breakout and consolidation above the key level (trigger) could trigger further growth within the global and local bullish trend. Best regards, R. Linda!
Long
by RLinda
7
GOLD → Consolidation ahead of potential growth. PPI ahead...FX:XAUUSD is still consolidating, with the range expanding. The price has confirmed the formation of an upward price channel, which bulls are defending quite aggressively... Gold remains in positive territory for the third day in a row and is consolidating above $3,350 in Asian trading, awaiting PPI data and jobless claims in the US. Moderate CPI and weak labor market statistics have reinforced expectations of a Fed rate cut in September, with some experts forecasting -50 bps. The dollar remains at a two-week low amid dovish comments and rumors of a possible change in the Fed chair, which supports demand for gold. Weak PPI data could accelerate the rise in metal prices, although market attention is gradually shifting to the meeting between Trump and Putin on Ukraine. Technically, the focus is on the 3366-3340 range. A small correction may form from resistance before breaking the 3366 level and continuing to rise within the trend... Resistance levels: 3366, 3381, 3400 Support levels: 3341, 3334 Before rising, the market may test the trend support or form a false breakdown. But there is a possibility that the price will immediately start storming 3366 for further growth. But, again, further developments depend on economic data, which will most likely be controlled by Trump after the NFP mistake... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
11
GOLD → From consolidation to distribution. Target 3400FX:XAUUSD is entering a distribution phase after the end of consolidation. The market is strong, bulls managed to keep prices from falling and formed an intermediate bottom in the 3340 zone. The price increase was supported by expectations of a soft Fed policy after moderate July CPI data (2.7% y/y, 0.2% m/m, core 0.3%), which led to a decline in bond yields and a weakening of the dollar. However, demand for safe assets is declining amid optimism in global markets, fueled by the US-China trade truce, a possible meeting between Trump and Putin, and bets on a Fed rate cut in September. In the long term, gold could be supported by purchases by the Chinese central bank and a recovery in jewelry demand in India. Technically, the focus is on the zone of interest ahead at 3370-3373, with a possible rebound before growth, as well as on the support zone at 3359. I do not rule out that the market may test the liquidity zone... Resistance levels: 3370, 3380, 3400 Support levels: 3358, 3341, 3334 There is considerable potential within the consolidation, and the rally may be directed towards the resistance range of 3400. However, pullbacks are possible before growth, which could give us a good entry point. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
GOLD → Consolidation ahead of CPI data...FX:XAUUSD is consolidating ahead of news. Inflation is on the horizon, and further developments for the dollar and gold will depend on the data. Globally, gold is in a bullish trend, but locally we are seeing a correction... Gold is rebounding slightly from $3,341 ahead of US CPI data for July and against the backdrop of the extension of the US-China trade truce until November. Investors are assessing the prospects for a Fed rate cut, expecting inflation to remain within 2.8% (core inflation is 3%). Weaker-than-expected data could cause the dollar to fall and support gold, while stronger data could resume the downward trend. Technically, on D1-H4, gold is consolidating in a symmetrical triangle pattern and the price is in the support zone. There is a possibility that Trump may not make a mistake with inflation data, as he did with employment data... Support levels: 3341, 3334, 3311 Resistance levels: 3358, 3375, 3405 The 3335-3310 zone attracts MM with an open FVG, which the market may partially close, forming a liquidity trap before continuing growth. However, it is also worth watching the boundaries of the current local consolidation, as a breakout of one or the other boundary could trigger a strong impulse. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
22
GOLD → Retest of support within an uptrendFX:XAUUSD is forming a liquidation phase as part of the previously mentioned bullish wedge pattern. Bulls were unable to break through the 3400 mark, and due to uncertainty, the price has entered a correction phase... On Monday, gold fell to $3350, echoing the bearish sentiment in Asian trading, as $3400 remains an unattainable level. The pressure is intensified by weak data from China (PPI −3.6%), profit-taking and expectations for the US inflation report, as well as uncertainty in US-China trade negotiations and microchip policy. Optimism is being held back by expectations of Fed policy easing after negative statistics and forecasts of rate cuts, as well as possible meetings between US and Russian leaders. All this reduces demand for gold as a safe haven asset. The focus is on the local trading range of 3400-3350. Before a possible rise, the market may test a strong support zone... Resistance levels: 3376, 3405 Support levels: 3358, 3350, 3345 At the moment, we are seeing a retest of 3358 and a false breakdown, with a fairly weak reaction to the zone. In the short term, gold may test 3350-3345. A false breakdown and the bulls holding the price above this zone could bring the price back up... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
20
XRP Consolidation pattern breakout imminentLooks to me like XRP is breaking out of a rectangle or consolidation pattern as we speak. Pattern formed since NOvember 2024 and since then XRP has been trading in this range. Our current weekly candle is clearly in the process of attempting a breakout above the upper band or resistance trendline of the consolidation pattern. We still have a day for candle close of this week. Look to see if a potential engulfing candle print occurs or not. Also note, this is by no means confirmation of the pattern break. We would need a concise bullish candle pattern for the next week to print for COnfirmation. If we do confirm breakout. XRP will be back in price discovery mode like BTC. And i personally wouldn't sleep on it. Its one of the better performers in crypto and seems like to me with every passing day a major player like BTC. (Opinion based on TA) I would also monitor the MACD indicator. Observe for increasing histogram bars and deep green color as well as bullish cross. On Macro timeframes, being above the 0 line on MACD is always bullish until we cross below.
COINBASE:XRPUSDLong
by SafofAllTrades
SUIUSDT → Resistance breakout and entry into the buying zoneBINANCE:SUIUSDT is breaking out of its trading range and local consolidation upward. Consolidation above the mirror level could trigger a continuation of the rally to 4.4 - 5.0. Bitcoin has been trading in the red since the start of Saturday's session, but is gradually recovering. At this time, the altcoin market is rallying, while the Bitcoin dominance index is updating its decline As for SUI, the coin is in a bullish trend both locally and globally, but ahead lies the 4.45 barrier, which separates the price from a rally to ATH. The coin is breaking through a fairly strong resistance zone at 3.881. (A strong, mirror level, which currently acts as support). Resistance levels: 3.959, 4.167 Support levels: 3.881, 3.715 Since the price has entered the buying zone, there is a possibility of a retest of the mirror level and the liquidity zone that has formed below the specified support. If the bulls hold their defense above 3.88 - 3.9, then in the short and medium term, the price could show good growth... Best regards, R. Linda!
Long
by RLinda
11
GOLD → A stalemate situation - a bullish wedgeFX:XAUUSD is unable to break through the resistance level of 3400. However, an ambiguous “bullish wedge” pattern is forming on the chart... The price of gold retreated from a two-week high on profit-taking. The correction intensified after the US imposed tariffs on imports of gold bars (1 kg), which could disrupt supplies from Switzerland and London. Key supporting factors: Escalation of trade conflicts, concerns about the US economy and pressure on the Fed, questions about the Fed's independence after Trump's appointments Risks: Short-term volatility ahead of US CPI data next week. However, fundamental drivers remain bullish. Support levels: 3390, 3350 Resistance levels: 3405, 3435 The problem with the bullish wedge pattern is that it forms an ambiguous figure. We have an upward movement, but the pattern could easily reverse the local upward trend due to the fairly difficult resistance zone of 3390-3410. If gold manages to consolidate above 3405, this will increase the chances of growth to 3435-3500. BUT! There is a fairly high chance that the 3390 support level could be broken. In this case, the market could fall to 3350 before rising... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
25
EURUSD → The correction is over. Bullish trend...FX:EURUSD is consolidating above key support from D1. The trend is bullish, and against the backdrop of a weaker dollar, the currency pair is returning to its main movement. The currency pair is forming a local uptrend, with a fairly clear upward support line that intersects with an important support level. The price has emerged from correction and returned to the trend amid a decline in the dollar, which is mainly bearish. Given the situation with EUR/USD, I would focus on the support zone of 1.1631 - 1.1613, 1.1597. A fairly large pool of liquidity has formed in this zone. A false breakdown and the price holding in the buy zone could trigger a bullish run... Resistance levels: 1.1676, 1.171, 1.175 Support levels: 1.163, 1.161, 1.160 If the bulls keep the price in the buying zone, i.e. above the key support zone mentioned above, then in the medium term, the currency pair may continue to rise with the possibility of updating local highs... Best regards, R. Linda!
Long
by RLinda
13
GOLD → Correction before a breakout and rallyFX:XAUUSD is gradually making its way upward, but it faces a fairly difficult resistance zone. Most likely, a long squeeze may form before further growth. Gold is rising amid uncertainty: Expectations of key US labor market data (unemployment claims, labor costs), the possibility of a Fed rate cut in September after weak employment and services data, new trade threats (possible 15% tariffs on Japanese imports and restrictions on Russian oil supplies to China) Key risks: Trump's decision on Fed appointments (replacement of Kugler and Powell) and further escalation of trade conflicts could increase volatility. For now, dovish expectations and demand for safe-haven assets are supporting gold. Technically, the focus is on the local range of 3390-3335 (3350). A false break of support could trigger growth... Resistance levels: 3390, 3405, 3433 Support levels: 3365, 3358, 3350 The fall of the dollar is supporting the already bullish gold... However, before continuing its growth, the price is forming a correction, and a false breakout of support and liquidity capture could have a positive effect on the market for further upward movement... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
21
BITCOIN → Retest of resistance in the bearish trading rangeBINANCE:BTCUSDT.P is consolidating in the range of 115,600 - 113,500. The price is testing resistance, relative to which a huge pool of liquidity has formed, which bears are likely to defend quite aggressively... Idea from July 22: expectation of a decline from 120K to 112K. Target achieved Bitcoin is correcting on D1, the price previously broke through the support level of 115650 and formed another trading range, with the previously broken lower boundary of the consolidation acting as resistance. The market has not yet tested the zones of interest at 110K and 105K, and therefore the possibility of a further decline remains relevant. A liquidity pool has formed relative to the resistance of the trading range at 115678. There is a high probability of a short squeeze before the decline. Resistance levels: 115678, 116370 Support levels: 113530, 112660, 110K In the short term, I expect a retest of resistance and a capture of liquidity. If the market is unable to continue its upward momentum and returns the price below the level, a false breakout will form, which may trigger a decline to the indicated areas of interest. Best regards, R. Linda!
Short
by RLinda
13
GOLD → Long squeeze of support ahead of possible growthFX:XAUUSD is entering a consolidation phase after a rally. The market is forming a trading range, and a retest of support could end in growth... Gold pulled back from an 8-day high ($3391) on profit-taking ahead of Trump's Fed appointments. Weak ISM services data (50.1) and a pause in the dollar's weakening added pressure, although expectations of Fed policy easing in September remain supportive. The market focus is on key events: Fed appointments (including a possible replacement for Powell) and Trump's trade statements. These factors could provide new momentum after the current correction, as long as the fundamental drivers for growth remain in place. Resistance levels: 3385.4 Support levels: 3358, 3350, 3345 Technically, the price has confirmed resistance after a false breakout, and the market needs to build up potential for a possible continuation of growth. At the moment, the most likely scenario is a long squeeze (false breakdown) before growth continues. Focus on the key support zone. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
30