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Descending Channel

#XMR Just Flipped Structure — Is This the Trap? Yello Paradisers! Are you ready for what could be the most misleading move on #XMR before the next major expansion phase begins? 💎#XMR has now completed its B/X corrective leg and confirmed a breakout from the descending channel, which is an early signal of a shift in market behavior. We are clearly seeing a change of character, as price is no longer forming lower lows and lower highs, but instead transitioning into a structure of higher highs and higher lows. This shift was supported by a clean RSI simple divergence, indicating weakening bearish momentum before the breakout even occurred. 💎However, the descending channel that was just broken sits perfectly within a higher timeframe ascending channel, which suggests that this move is still part of a larger corrective structure rather than a full bullish reversal. In this type of market behavior, a C or Y leg is typically still pending, which is why an upside move from here is expected before the primary downtrend continues. 💎 The price is holding above the minor support around $316, which is the exact level where the change of character occurred. As long as this level holds, the short-term bullish structure remains intact. The major support sits near $280, and this is the key invalidation level for the bullish bias. A breakdown below this zone would signal continuation of the broader downtrend and open the door for further downside. 💎On the upside, the market is approaching a minor resistance around the $400 level, which aligns with the upper boundary of the ascending channel. If price manages to break above this area, the next major resistance is located around $540, which also acts as a strong confluence with the Fibonacci retracement of the primary downside impulse. 💎This is exactly the type of market condition where many traders get trapped, mistaking a corrective rally for a full trend reversal. The structure clearly suggests that this is a temporary bullish phase within a larger corrective move, not the beginning of a sustained uptrend. That is why with Paradisers, we are playing it safe right now. If you want to be consistently profitable, you need to be extremely patient and wait only for the best, highest-probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
#ZEC VCP Setup: High Probability Trade Forming Yello Paradisers! Are you ready for what could be the final liquidity sweep before #ZEC reveals its true direction? 💎#ZECUSDT is developing a clean volatility contraction pattern within a Wave 4 corrective phase, a phase where most traders get trapped. Wave 4 corrections are often complex and deceptive, and the current price action strongly suggests that one final move to the downside is still pending before completion. Price respecting a well-defined descending channel, reflecting controlled bearish pressure rather than panic selling, which precedes a calculated final shakeout. 💎The internal structure is evolving into a probable ABCDE correction rather than a simple ABC, indicating prolonged consolidation. Each swing is becoming tighter, showing decreasing volatility, which is a key signature of a VCP setup building pressure. This compression phase is crucial because it often leads to an explosive move once the structure is complete. 💎Adding further confluence, RSI is showing hidden bullish divergence, a signal that points toward continuation of the larger trend once this correction ends. At the same time, volume is gradually declining, reinforcing the idea that this is accumulation through compression rather than distribution. Price action appears to be transitioning into the final stages of the pattern, likely within the D to E wave region, where fakeouts and liquidity grabs are most common. 💎In the short term, a push toward the minor resistance around 290 remains a realistic scenario. However, any rejection from that level could trigger the expected final leg down. Key levels to track remain clear: minor resistance at 290 and major resistance at 400, while minor support sits at 190 and major support at 130. A move into the lower support region would align perfectly with the anticipated Wave 4 completion and potential final flush. 💎This is a textbook patience setup. The opportunity is there, but only for those who wait for confirmation and execute based on structure rather than emotion. Keep #ZEC on your watchlist, because once this compression phase resolves, the move could be significant. Paradisers, strive for consistency—not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
BTC/USD: Wyckoff Accumulation Inside a ChannelI have been watching this structure building for a while now and honestly, it's getting interesting. Back in early February we saw a massive flush down to the 60K zone- volume spiked hard, price whipped back equally hard. The action looks like a Selling Climax . The kind of move that shakes out weak hands and lets the big players quietly loading up. The Automatic Rally followed pretty quickly, which is exactly what one would expect after the climactic action. Then came the Secondary Test - price slowly drifted back down to retest the 60K zone, this time on noticeably lighter volume. That's the market confirming the selling pressure is drying up. More recently we got what looks like a Spring around 65K. Not one of the cleanest one from those textbook springs you'll ever see, but the logic is there- a brief dip below support with no selling pressure, snapping back pretty quickly. What next? We are still inside the Downtrend Channel reflecting bearish trend. Until BTC pushes convincingly above 76K with some real follow-through, I wouldn't get too excited. Some strong action above that level (in terms of volume and spreads) would be a Sign of Strength , and from there you might encounter a Backup Action before any potential markup phase kicks in. The Wyckoff pieces are falling into place, but the market still needs to prove itself. Watching closely 👀 Do share in the comment section what you think at this stage. 📣Disclaimer: Everything shared in this idea is meant for education and general awareness only. It’s neither a financial advice, nor a recommendation to buy, sell, or hold any asset. Do your own research, manage your risk, and make sure you understand what you’re getting into.
COINBASE:BTCUSDLong
by Bravetotrade
10
GBPUSD - The hunt for liquidity amid a downtrend FX:GBPUSD has been in a downtrend for three months. The strong dollar is putting pressure on the currency pair. The overall backdrop remains unchanged... The dollar is forming a local correction amid a bullish trend, while the British pound is testing liquidity zones. Earlier on the daily chart, the market broke through the upward support structure, indicating weakness in the pound. The currency pair has been in a downtrend since late January, and from a technical perspective, the market is heading toward the liquidity zone of 1.3139–1.3010. Locally, the focus is on the first trigger—resistance at 1.3260—where manipulation and the formation of a reversal pattern relative to this zone could trigger a drop toward the liquidity zone at 1.3174. Resistance levels: 1.3260, 1.3294, 1.3339 Support levels: 1.3236, 1.3174 However, if the dollar continues its correction, the pound will head toward a further zone of interest—the second trigger at 1.3294 (an imbalance zone)—with the aim of retesting before a decline. Against the backdrop of a downtrend, I give priority to short positions... Best regards, R. Linda!
Short
by RLinda
23
GOLD - Price within a range, retesting resistance...ICMARKETS:XAUUSD ended last week on a mixed note, with half of the sharp decline recovered. The fundamental backdrop is complex; technically, there are bearish indicators. On Friday, NFP data (+178K instead of -133K) and unemployment figures (4.3% instead of 4.4%) were released. The dollar closed the week on a generally positive note. Oil will continue to rise. Regarding economic data, it can be said that gold is under pressure. Geopolitics: The situation in the Middle East is not going according to Trump’s plan. The Strait of Hormuz remains closed, and oil prices are rising. There are hints of a closure of the Bab el-Mandeb Strait, which would only accelerate the rise in oil prices; this would lead to a rise in the dollar, higher inflation, and pressure on metals. Technically, gold could bounce off the nearest resistance zone to 4580–4550, but if the market maintains its local bullish trend, the price could test the 4842 zone of interest. However... Resistance levels: 4700, 4735, 4793 Support levels: 4580, 4555, 4479 However, the markets were closed for three days; during this time, much was said and done, which could generally impact the situation. There is a possibility of a gap opening, but we will need to monitor the Asian and European sessions. Best regards, R. Linda!
ICMARKETS:XAUUSD
by RLinda
15
4.700 — Will sellers hold the line or get wiped out?Asian session: Gold reacted sharply to Trump’s statement on Iran (Hormuz) → sell-off right after market open. Strong rhetoric, but no concrete action yet → market now shifts into consolidation, no clear direction. 👉 US session tonight: PMI release → potential volatility 👉 Next Asian session (tomorrow): deadline related to US–Iran → high-impact move expected 🎯 Key levels: Resistance: 4.700, 4.736, 4.799, 4.900 – 5.000 Support: 4.580, 4.555, 4.530, 4.480, 4.420 🧠 Insight: H4 structure remains bullish (not broken), but lower timeframe (H1) shows choppy consolidation. 👉 Primary plan: range trading between 4.580 – 4.700 ⚔️ Scenarios: Hold above 4.580 → bounce back to 4.680 – 4.700 Rejection at 4.700 → potential move back down Break & hold above 4.700 → continuation to 4.736 → 4.800+ Break below 4.580 → downside to 4.555 → 4.530 → 4.480 💰 Setups: Buy 4.555 | SL 20 | TP 1:2 – 1:5 Sell 4.700 | SL 20 | TP 1:2 – 1:5 Deep buy 4.475 – 4.480 | SL 20 | TP 1:1 – 1:3 ⚠️ Risk note: Higher timeframe (H4) still bullish, but intraday is uncertain & news-driven. 👉 Stay cautious, wait for confirmation — avoid early entries 👉 Do you think 4.700 will hold the sellers or get broken? 👉 If this helps, drop a like 🚀 and share your view!
FOREXCOM:XAUUSDShort
by Chum_trades
1
BITCOIN - The hunt for liquidity ahead of a drop to 65000BINANCE:BTCUSDT.P is struggling to fulfill its role as a hedge asset. Consolidation continues amid a global bearish trend. The local market is seeking liquidity ahead of a decline. The global structure is strongly bearish. Consolidation is forming ahead of an anticipated distribution phase. Locally, the price is forming a rebound from 66,200 within the trading range, aiming to hunt for liquidity before a decline. The market is currently not interested in the 66,200 support level; a local ascending cascade of lows is forming, and this structure could support an upward move toward zones of interest. The liquidation on April 2 formed an imbalance zone, which Bitcoin may test before declining to 65K. Zones of interest: 67,535 – 67,884 Resistance levels: 67,500, 57,900, 68,600 Support levels: 66,200, 65,500 A short squeeze and consolidation below the key resistance zone could trigger a sell-off and a drop to 65K–64K Best regards, R. Linda!
Short
by RLinda
18
NZDUSD - A short squeeze amid a global downtrend FX:NZDUSD is forming a short squeeze as part of a counter-trend correction and is poised to decline within the broader bearish trend Despite the correction, the dollar remains in an uptrend. If the index bounces off support, this will intensify the currency pair’s decline... NZDUSD is forming a counter-trend correction against the backdrop of a long-term global trend. The price confirms the presence of resistance; the formation of a reversal setup and consolidation below 0.5769 could trigger a decline to 0.571–0.5658 Resistance levels: 0.5769, 0.5817 Support levels: 0.5711, 0.5658 Technically, NZDUSD appears weaker than other major currency pairs in the medium and long term. The global trend may put pressure on the price. Confirmation of a false breakout relative to the liquidity zone at 0.5769 could trigger a downward reversal. Best regards, R. Linda!
Short
by RLinda
6
BTCUSDT - Retest resistance before a drop to 65K BINANCE:BTCUSDT is consolidating amid a global downtrend (crypto winter). At the same time, the price is holding below the upward support line, indicating market weakness... Bitcoin looks relatively stable, but at the same time is in a bearish trend. A retest of the zone of interest could intensify the decline toward 65K–63K The attempt at growth ended in failure, and Bitcoin is forming another liquidation after a local bullish trend. Following a sharp decline, an imbalance zone has formed at 67,500–67,880. A retest of resistance is possible before a drop to 65K. Resistance levels: 67,545, 67,884, 68,600 Support levels: 66,200, 65,550 Technically, the price is testing the 66,200 support level and may form a correction toward the imbalance zone formed within the trading range. The 67,500–67,800 short squeeze may end with a reversal and a decline to 65K–63K Best regards, R. Linda!
Short
by RLinda
10
#AAVE Setting a Trap: Descending Triangle + Channel Confluence Yello Paradisers! Are you prepared for a potential #AAVE price breakdown before the next major crypto market move unfolds? 💎#AAVE is currently forming a descending triangle pattern within a broader descending channel, which significantly increases the probability of a bearish continuation. We are likely seeing an Elliott Wave ABC or ABCDE structure developing. At this stage, we are patiently waiting for the completion of wave E, followed by a strong reversal candle with clear price action structure before considering any high-probability trade setup. 💎From a technical analysis perspective, triangles commonly form in wave 4, indicating that one more downside impulse wave is likely pending for #AAVE. This aligns perfectly with the current structure, where the entire correction is respecting the boundaries of the descending channel, adding strong confluence to our bearish outlook. 💎Moreover, the presence of hidden bearish divergence on the RSI indicator during the formation of this descending triangle further supports the likelihood of trend continuation to the downside. This is a critical signal in trading, suggesting that momentum still favors the bears and the market may not yet be ready for a bullish reversal. 💎Looking at key #AAVE price levels, the minor support is located around $92, which corresponds to the previous swing low. A confirmed breakdown below this level could accelerate selling pressure toward the major support at $72, which also aligns with the lower boundary of the descending channel and serves as a strong technical confluence zone. 💎On the upside, minor resistance is found near $126, around the high of wave C. The major resistance level sits at $150, a key flip zone where the market previously broke down, making it a critical area for potential rejection if the price revisits it. 💎Descending triangle patterns in trading are known for offering excellent risk-to-reward opportunities, but only when traded with patience, confirmation, and proper risk management. Entering trades prematurely within such structures often leads to getting caught in false breakouts or market traps. Paradisers, that is why with a disciplined trading approach, we are waiting for confirmation at key support and resistance levels, which is essential for consistent profitability. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
BINANCE:AAVEUSDShort
by MyCryptoParadise
Gold Defies the Peace Rally. $5,000 Back in Play?Gold just did something interesting. Equities surged, oil dumped nearly six bucks on Iran peace signals, and yet here's XAUUSD climbing 1.59% to 4,721. two-week highs. That's not how a fear trade is supposed to behave when the fear is fading. The market is telling us something. This isn't about geopolitics anymore. It's structural. Here's what's happening. The macro picture Powell's term expires May 15. six weeks out. Markets are already pricing a more dovish replacement, and the Fed's own dot plot still has three cuts penciled in for this year. Rate sits at 3.50–3.75%. Every cut weakens the dollar, and gold loves that setup. Very similar to mid-2019 when the Fed pivoted and gold ran 21% in six months. On top of that, central bank buying hasn't slowed. China, India, Turkey. they've been scooping every dip since the correction from 5,595. That's the floor under this market that didn't exist in previous cycles. And let's not pretend the inflation problem is solved. Oil still above 100. CPI still sticky. Peace signals or not, stagflation risk hasn't gone anywhere. it's just been overshadowed by today's headline euphoria. What the chart shows Look at the daily. Gold's been stuck inside a descending channel since that March 2 high at 5,420. Price corrected about 15.6% off the January ATH of 5,595. honestly, a pretty healthy pullback for a secular bull. What's happening now is the interesting part. Price is bouncing hard off the 4,655–4,703 support zone, which lines up with: - Lower boundary of the descending channel - 200-day SMA sitting right in that area - The 0.382 Fib from the Oct 2025 low (~3,200) to the Jan high - Previous consolidation from early February That's four confluences at one level. Worth paying attention to. RSI has recovered to around 56 and climbing. came all the way from the mid-40s. MACD just crossed positive on the daily, histogram is expanding. And volume on the last four green sessions has been picking up, which suggests accumulation, not just a dead cat bounce. The level to watch 4,818. That's the March 18 breakdown level and it's now acting as resistance. A daily close above it and the descending channel is done. From there it opens up 4,960 (50-day MA) and then 5,000 becomes the magnet. Setup levels | Bias | Long | | Entry zone | 4,676 – 4,720 (support bounce area) | | Stop loss | 4,554 (below the channel and structural support) | | TP1 | 4,818. the breakdown level that needs to be reclaimed | | TP2 | 4,960. 50-day MA, confirms trend shift | | TP3 | 5,125. 20 EMA area, 0.618 Fib zone | | R:R | 1:2.7 to TP2, 1:4.2 to TP3 | | Timeframe | Daily, swing setup 1–3 weeks | Invalidation Daily close below 4,554 and this setup is off the table. that breaks the channel floor and structural support, and price is probably headed toward 4,400 or even 4,100. On the macro side, a hawkish surprise from the Fed. maybe the new Chair comes in guns blazing. or an actual comprehensive Iran deal (not just signals) would pull the rug on the remaining geo premium. The takeaway This is a good example of why context matters more than headlines. The surface read today is "peace = risk on = sell gold." But when gold refuses to drop on news that should sink it, that's one of the clearest bullish signals out there. The structural bid from central banks and Fed uncertainty is doing the heavy lifting here. not fear. What's your gold target for Q3? Are you watching the Fed Chair transition or mostly focused on the technical levels? Drop your thoughts below. TVC:GOLD OANDA:XAUUSD | macro | geopolitical | descending_channel | swing_trade | fed_policy
PEPPERSTONE:XAUUSDLong
by PickMyTrade_Official
1
472X – Key Structure Level: Hold = Bearish, Break = Reversal Context Gold has just made a strong breakout above the 4600–462X resistance, mainly driven by Trump’s statement about potentially ending the Iran conflict within 2–3 weeks. This news boosted market sentiment and pushed price higher, now approaching the key resistance zone at 472X–4750. 📈 Current Trend Short-term: Strong bullish momentum Mid-term: Testing key resistance 🎯 Key Levels Resistance: 4735–4750 | 4848–4853 | 4900–4912 | 5000 Support: 4650 | 4614 | 4530 | 4485 ⚔️ Trading Plan (SELL Bias) SELL around 4735–4750 SL: 4770 (~20 points) TP: RR 1:1 → 1:2 → 1:5 ❌ Invalidation Strong break above 4740 → stop SELL → Look for SELL opportunities at higher resistance zones 🔄 Reversal Scenario If price holds firmly above 4740 → Potential continuation to BUY towards 4800 📌 Conclusion 472X–4750 is the decision zone. Hold → SELL bias | Break → follow BUY 💬 Your View? Which side are you on here? 👉 SELL at 47XX or wait for breakout to BUY? Drop your view + entry level below, let’s compare setups. Follow for upcoming updates (especially before Non-farm). I’ll update immediately if market structure breaks.
FOREXCOM:XAUUSDShort
by Chum_trades
10
General Context (1H ETH/USDT)The market was in a descending channel (nicely drawn). You are now at the upper boundary of the channel. The price is currently testing: ~2110–2120 (local resistance + breakout from the mini structure) simultaneously, the downward trend line. 👉 This is a key decision point. 📊 What I see technically 1. Market structure We had: lower highs ❌ lower lows ❌ BUT recently: breakout from local consolidation attempt to change the structure to a higher low → higher high 👉 First signal of a possible trend change 2. Key levels 🟢 Resistance: 2110–2120 → currently tested 2220 → strong resistance above 🔴 Support: 2020 → important zone (recent bounces) 1919 → low range / panic Level 3. Descending channel The price has reached the upper band of the channel. Here often: either a recoil (continuation of the decline) or a breakout and reversal 👉 This location = high risk / high reward 4. RSI Stoch In the overbought zone (80–100) Meaning: short-term overheated possible correction 5. MACD Slight bullish momentum But: no strong breakout yet rather an "early signal," not confirmation
by cryptodailyuk
1
#TON Triangle Collapse Confirmed—Brace for the Next Leg Down Yello Paradisers! Are you prepared for what could be the most important move on #TON after this perfectly developing structure? 💎#TON has been forming a textbook triangle pattern, and the final Wave E now appears to be completed. What makes this moment critical is the fact that price is currently breaking below the lower trendline of the triangle, signaling that bearish pressure is starting to take control. 💎What adds even more weight to this setup is the strong confluence with the long-term descending channel. The top of Wave E aligned precisely with the upper boundary of this channel, which has been respected consistently over time. Every rejection from this zone has historically led to a move toward the lower boundary, and this time is showing no different behavior so far. 💎From a wave perspective, this structure fits perfectly within a Wave 4 correction. This is a key detail because it suggests that the market is not transitioning into a reversal phase yet but rather preparing for one final impulsive move in the direction of the dominant trend. In this case, the trend clearly remains bearish. 💎At the moment, price is positioned between key levels that will define the next move. Minor support is located around 0.92, while the major support aligns with the lower boundary of the descending channel near 0.77. On the upside, minor resistance sits around 1.38 at the Wave E high, and stronger resistance is found near 1.78. As long as price continues to trade below these resistance zones and respects the channel structure, the probability strongly favors a continuation toward the lower support levels. 💎The recent rejection from the top of the channel further reinforces this expectation. Markets that follow a trend tend to move systematically from resistance to support, and #TON is currently respecting this behavior with precision. Until proven otherwise, there is no confirmation of a reversal—only continuation. So the real question is, will you stay disciplined and follow what the market is clearly showing, or will you try to predict a reversal before it actually happens? Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
GOLD - Mixed fundamental data. Range: 4550 – 4600 ICMARKETS:XAUUSD is testing the 4,600 level within a local uptrend and forming a short squeeze. The market is under pressure from a global downtrend, a strong dollar, and high oil prices... During his speech yesterday, Powell stated that long-term inflation expectations in the U.S. remain under control. However, it can be assumed that high oil prices will have an extremely negative impact on inflation and the markets... Reports of a possible winding down of the U.S. military campaign against Iran have eased tensions, but Iran is not ready for direct negotiations, and the U.S. continues to strengthen its military presence in the region, which maintains uncertainty Technically, the focus is on the local range of 4600–4550. A breakout above resistance could open the door for a rise to 4675–4735. A break below the 4550 support level would put the trend line at risk and signal a possible decline to 4400–4350 Resistance levels: 4601, 4735 Support levels: 4550, 4487, 4416 Technically, following a false short squeeze at 4600, a situation is forming on the chart that could lead to a sell-off. Trigger: 4550. A close below this level could trigger a sell-off to 4887; a close below 4887 would open the way to 4416. However, the structure will be broken if the market consolidates above 4600–4620. Best regards, R. Linda!
ICMARKETS:XAUUSDShort
by RLinda
19
XRPUSDT - Ready for a decline. Focus on 1.27–1.14BINANCE:XRPUSDT is preparing to transition from a consolidation phase to a distribution phase. The altcoin appears weaker than the broader market... Bitcoin confirms the bearish market structure; against this backdrop, XRP looks much weaker than the flagship. XRP maintains a local bearish trend that aligns with the global one. The altcoin is forming a trading range of 1.3612–1.3152 and is testing the support level. If XRP breaks below 1.3152, the decline could continue to 1.269, and then to 1.1400 Resistance levels: 1.335, 1.3612 Support levels: 1.3152, 1.269, 1.1400 The cryptocurrency market is still in the crypto winter phase, but XRP stands out from the rest of the list due to its weakness, suggesting that the altcoin may continue to fall before the others. Trigger 1 - 1.335 (short squeeze), Trigger 2 - 1.3152 (close below the level) Best regards, R. Linda!
Short
by RLinda
4
GOLD - A countertrend correction before a decline ICMARKETS:XAUUSD is under pressure again at the start of the week. A counter-trend retest of the 4555–4600 range is forming amid a strong dollar and rising oil prices. The conflict in the Middle East is escalating, and threats to global trade are mounting. Iran is preparing for a possible U.S. ground invasion of Kharg Island. With the risk of the Bab el-Mandeb Strait being blocked by Yemeni Houthis, such a blockade would further boost the dollar and oil prices, exerting enormous pressure on markets and driving up inflation. As the war expands to new fronts (the Red Sea, Lebanon) and the Fed shows no rush to ease policy, gold will remain under pressure. The bearish trend persists, with a key trigger at 4600 Resistance levels: 4550, 4600, 4735 Support levels: 4487, 4416, 4350 Technically, if bears hold the resistance of the current range, gold may remain within it and head toward the liquidity zone formed at 4416. I do not rule out the possibility of a rally to 4735 as part of market manipulation before a stronger decline. Best regards, R. Linda!
ICMARKETS:XAUUSDShort
by RLinda
17
NZDUSD - Medium-term potential: a decline to 0.5658FX:NZDUSD , after breaking through support, is entering a distribution phase and is heading toward the liquidity zone. A bounce is possible before the decline continues An active downtrend is in place; the currency pair (within the distribution phase) is aiming to test the key support level at 0.5711. Against the backdrop of a strong dollar, the NZD is facing selling pressure. The market is in a bearish trend (against the backdrop of a strong dollar, which is poised to continue its rise). A liquidity zone at 0.5711 lies ahead. An initial reaction could trigger a rebound and a retest of resistance. Resistance levels: 0.5768, 0.5817 Support levels: 0.5711, 0.5658 A false breakdown of support could trigger a rebound toward resistance (the imbalance zone), but within the context of a downtrend, the decline may continue. Medium-term potential: a decline to 0.5658 Best regards, R. Linda!
Short
by RLinda
6
GOLD – Sideways before breakoutAfter last Friday’s push to 4550, gold was sharply rejected down to 4420 – completing a head & shoulders backtest. Since this morning, price hasn’t continued either way and is now moving sideways on H2, showing clear compression. Key range I’m watching: Upper boundary: 4560 Lower boundary: 4440 – 4420 👉 This is the current “box” price is trading in. 🎯 Scenarios: Break below 4420: → 4350 Break above 4560: → bullish continuation ⚠️ Key news to watch (potential price drivers): 15:30 (VN time): Iran deadline → possible escalation Tonight: Powell speech → These could act as catalysts for a breakout 👉 For now: no breakout = still ranging, stay patient 💬 Do you expect gold to break up or break down today? ❤️ If you find this useful, drop a like / 🚀 📌 Follow for more daily gold setups 👇 Share your view in the comments!
FOREXCOM:XAUUSDShort
by Chum_trades
GOLD - A short squeeze before the drop. Interest in 4435ICMARKETS:XAUUSD rolls back after a short squeeze at the daily level and closes the weekly session below 4,500. Fundamental factors, a rising dollar, and oil prices are putting pressure on the metal... The geopolitical situation continues to escalate. The situation is complex; the West is trying to convince the public that there will be no ground operation in the Middle East, but all actual actions point to a protracted war. The dollar and oil may continue to rise in the medium term. Against this backdrop, inflation continues to accelerate, and no rate cuts are planned for this year. Gold is under pressure. Technically, gold is trading within the 4600–4320 range. A retest of resistance failed to reach the upper end of the range and bounced lower, closing below 4500. It is important to observe market reaction during the Asian session, as there was significant activity and rumors over the weekend. In the current situation, gold cannot act as a hedge asset. Resistance levels: 4544, 4601 Support levels: 4492, 4432, 4351 Focus on the upper levels: 4544–4600. A retest of the liquidity zone is possible. A false breakout and a price hold below the level would be a good signal for a decline. However, there is 4492.5 below—an important support level. A close below this zone could intensify the sell-off. As a target, I would highlight the 4435 zone of interest and the range support. Best regards, R. Linda!
ICMARKETS:XAUUSDShort
by RLinda
10
ETHUSDT - The crypto winter continues. Support has broken down BINANCE:ETHUSDT is forming a counter-trend correction after hitting new lows. The market is reminded that it is still in crypto winter and may continue to fall... Bitcoin is returning to a downtrend after a failed attempt to retest the 72K zone. Bears are dominating, and the downtrend continues. Weak Bitcoin is negatively impacting altcoins Ethereum may test the 2025–2038 liquidity zones. A short squeeze would provide a good signal for a potential decline. Earlier, Ethereum broke the support trend line... Resistance levels: 2025, 2037, 2062 Support levels: 1900 A retest of the resistance zone, a false breakout, and consolidation in the short zone will confirm bear dominance and may trigger a sell-off and a decline toward the trading range support and the zone of interest at 1900 Best regards, R. Linda!
Short
by RLinda
17