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Fibonacci Retracement

GOLD → Correction to support amid a bullish trend FX:XAUUSD retreated from the $4,245 level reached on Monday. A countertrend correction is forming ahead of the news. But buyers are not sleeping... Weak US economic data has heightened expectations of an imminent Fed rate cut. The PMI index in the US manufacturing sector continued to contract. The market estimates the probability of the Fed easing policy next week at 87%. However, rising US Treasury yields and fears that the Fed may send cautious signals after its December decision are limiting gold's growth. Market attention is shifting to ADP employment data and the US services business activity index (ISM Services PMI), which will be released on Wednesday. They will provide new signals about the health of the US economy. The correction in gold appears to be under control amid continuing macroeconomic uncertainty. The 4200, 4193-4173 level remains an important area of struggle between bulls and bears. Resistance levels: 4211, 4245 Support levels: 4193, 4173 A false breakdown and the bulls holding the market above the above support zone could trigger growth within the trend. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
17
BITCOIN → The hunt for liquidity before the fallBINANCE:BTCUSDT.P continues to update lows within the global downtrend. The retest of 91K confirmed the dominance of bears... The downtrend continues. The technical and fundamental situation for the crypto market is neutral to weak. Bearish pressure held back the attempt to rise relative to 91K. The market is weak and not ready for growth. The subsequent decline broke the local structure, which generally indicates a bear market, but after updating the local minimum to 83700, a countertrend correction is forming. Zone of interest/break-even zone - 89K - 90K. A quick retest of these levels could trigger a downward pullback. Resistance levels: 89K, 90K Support levels: 85,400, 83,400 A retest of the range boundary and zone of interest could trigger a liquidity squeeze and a further decline if the bears keep the price below these boundaries. Best regards, R. Linda!
Short
by RLinda
11
GOLD → The battle for zone 4200. Bullish trend FX:XAUUSD is forming a local trading range of 4180-4230, trying to stay above 4200 after yesterday's correction ahead of important US employment and services data. The dollar is weakening amid expectations of a Fed rate cut on December 11. News concerning Powell, namely Fed chair candidate Kevin Hassett (a well-known “dove”), is supporting gold. Geopolitical risks (stagnation in Russia-Ukraine negotiations) are increasing demand for safe-haven assets. • In focus today: ADP employment data and ISM Services PMI. • Weak indicators will strengthen bets on Fed policy easing and support gold. Gold retains its upside potential. The release of US data could either accelerate growth to $4300 or trigger a correction in the event of strong indicators. Resistance levels: 4230, 4260 Support levels: 4185, 4175 Gold is testing 4200 for strong support. Local trading range 4180 - 4230. A false breakout of support amid a bullish trend and a weak dollar could support gold's growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
8
EURUSD → Consolidation above downtrend resistance FX:EURUSD is attempting to reverse the trend amid expectations of interest rate cuts in the US. Important resistance at 1.165... The dollar is breaking the support of the bullish trend amid expectations of interest rate cuts and news related to Powell. A decline in the index will support the euro exchange rate. EURUSD is breaking the resistance of the downtrend, followed by bulls trying to keep the currency pair above 1.160, a psychological level. Against the backdrop of the dollar's decline, there is a chance of a breakout above 1.165 and growth Resistance levels: 1.165 - 1.1656 Support levels: 1.159, 1.155 Before breaking through resistance, the market may consolidate or retest support. However, a breakout of 1.165 - 1.1656 and a close above this zone could trigger a distribution towards 1.173 - 1.182 Best regards, R. Linda!
Long
by RLinda
2
ZECUSDT – Potential Long Setup at Key Fibonacci LevelZECUSDT – Potential Long Setup at Key Fibonacci Level After a strong rally, ZECUSDT has entered a corrective phase, dropping from the 750 zone down to 307.8 – which aligns precisely with the 0.618 Fibonacci retracement level. Historically, this area has acted as a significant resistance twice, and once broken, it led to a notable bullish continuation. Currently, price action is testing this level again, and given its historical importance, I see potential for a long setup if bullish confirmation appears. 📌 My Targets (TP): - TP1: 470 - TP2: 658 - TP3: 743 🛡️ Stop Loss: 299 🕒 Timeframe: Daily 📈 Perspective: Long-term ⚠️ Disclaimer: This is not financial advice or a buy/sell signal. Just sharing my personal view based on technical analysis.
Long
by h199991011
CL1! — Bullish Above 58 with Target at 62.22Crude oil maintains a constructive bullish structure as long as price holds above the 58.00 key support zone. This level remains the foundation of the current upward bias. The next meaningful obstacle for buyers sits at the 60.69 resistance, which aligns with a major Fibonacci cluster and has shown strong rejection in previous attempts. A clean breakout and sustained close above 60.69 would confirm renewed bullish momentum. Above that resistance, the path opens toward 61.71 followed by the main upside target at 62.22, which represents the completion of the current Fibonacci expansion. As long as price trades above 58, the bullish scenario remains valid. A failure at 60.69 may trigger a temporary pullback, but the broader structure favors continuation toward 62.22 once the level is cleared.
NYMEX:CL1!
by adham2022
GOLD → The bullish trend continues. Retest of 4250FX:XAUUSD is trading at six-week highs near $4,250, supported by a weaker dollar and expectations of a Fed rate cut. The market is storming key resistance... The probability of a December rate cut is 87%. The dollar is posting its worst week in four months after failing to consolidate above 100.0. A break in local trend support could trigger a decline in the index, which would support gold. Today's focus is on the ISM Manufacturing PMI (forecast: 48.6). Weakness in the data could increase pressure on the dollar and support gold. Gold maintains its upward trend, supported by loose monetary policy. Key data this week could boost momentum ahead of the Fed meeting. Resistance levels: 4245, 4300 Support levels: 4211, 4193 A retest of 4245 could end with a pullback within the current consolidation at 4211 - 4245. Two scenarios: If the bulls hold the price above 4245, a rally to 4300 is expected. Otherwise, the market could retest 4215 - 4211 with the aim of a long squeeze before rallying. The trend is bullish, and the fundamental background is relatively positive. Sincerely, R. Linda!
FX:XAUUSDLong
by RLinda
13
GBPUSD → Attempt to change the trendFX:GBPUSD is attempting a trend reversal. The likelihood of an interest rate cut is quite high, which could support the pound's rise. The dollar is attacking the uptrend support level, failing to consolidate above 100.0. Ahead of the interest rate meeting, another rate cut could weaken the dollar, which in turn would support the pound sterling. The currency pair is breaking downtrend resistance, and bulls are attempting to hold the price above 1.3191. A prolonged squeeze could shift the imbalance toward buyers, which in turn could trigger a rally. Support levels: 1.3191, 1.3124 Resistance levels: 1.337, 1.353 The price has entered the trading range of 1.3191 - 1.3370. Consolidation is forming above key support, but the market may test this area of ​​interest before continuing its rise at the European session's opening. A false breakdown and price holding above 1.3191 could support further growth. Best regards, R. Linda!
Long
by RLinda
3
SOLANA → Countertrend correction. Bear market BINANCE:SOLUSDT.P is forming a correction after retesting the intermediate bottom of 120.0. Ahead lies a fairly strong and important zone of interest, to which the market may react... The market structure is bearish. After updating the low within the bearish trend, a countertrend correction to the liquidity zone is forming. A retest of resistance at 143-145 may end in a false breakout and a fall. Bitcoin is also stagnating. There is no strong support from the fundamental side, and the market is also far from technical support. There is still potential for a fall... Resistance levels: 143.35, 145.67, 150.8 Support levels: 133.12, 128.3 The coin is within the trading range of 120.0 - 144.0. Accordingly, after a retest of support, a retest of resistance is forming, but pressure on the market is being exerted by a weak fundamental background and a downward trend. A false breakout of this zone of interest could trigger a sell-off... Best regards, R. Linda!
Short
by RLinda
4
BITCOIN → Retest of the 94,000 zone of interest...BINANCE:BTCUSDT.P is rebounding from its interim low of 80,000. However, it is still too early to talk about a bull market, as a countertrend correction is forming under the current circumstances. Globally, Bitcoin is in a downtrend, with the zone of interest for a countertrend correction being 94,000-95,000. The market structure is bearish, and a retest of the break-even zone could trigger a downward movement within the trend. After a strong liquidation to 80K, the market is forming a pullback, which is a basic phenomenon. There is no confirmation of a trend reversal yet, and the fundamental background is neutral, without clear support. Various analytical services suggest that the market is in a cleansing phase and has so far only liquidated short-term traders, reaching a cumulative average break-even price. A classic pullback. Technically, the zone of interest or magnet for the medium-term market is 75K (on the daily timeframe). Resistance levels: 93,000, 94,000, 97,300 Support levels: 89,000, 86,000 In the current situation: a bearish trend, weak purchasing power, and a weak fundamental background, I consider a pullback to be the primary reaction to the 93-94K zone. However, the market is not constant, and if support appears (news or other drivers) and Bitcoin manages to stay above 95K, then growth can be expected. Sincerely, R. Linda!
Short
by RLinda
10
ANFIBO XAUUSD – Fibonacci Breakout and Continuation Plan Hi guys, Anfibo’s here! XAUUSD Weekly Trading Plan Overall Picture On the 4H chart, gold has broken out of the previous descending trendline and is now trending inside a rising bullish channel. Price is pushing toward the upper boundary of this channel, and the next key reaction zone is where: The new uptrend channel resistance The old descending trendline (now potential resistance) And the Fibonacci extension cluster all line up around the 4240s. This is where I expect the market to show its hand: Either give a short-term corrective pullback, Or consolidate and build energy for a continuation rally toward the higher Fibonacci extensions (2.618 around the 4370–4380 zone). Macro Context – Why USD Still Matters From a macro perspective, the U.S. Government and Treasury have a direct impact on the U.S. Dollar Index (DXY) through: Fiscal policy (budgets, new laws, spending programs) Announcements from the administration Treasury funding needs and issuance At the same time, U.S. GDP data is a core driver of dollar sentiment: Stronger‐than‐expected GDP → supports DXY → often weighs on gold. Weaker GDP or slowdown signals → pressures DXY → tends to support gold. So while the chart is clearly giving us a bullish technical structure, the strength or weakness of upcoming U.S. data will strongly influence whether gold can sustain a breakout beyond these Fibonacci levels or get capped and pull back deeper. Trading Plan – Using Fibonacci and Structure For next week, I’m working with one tactical short setup at resistance and one continuation buy setup on the dip. >>> Scenario #1 – Short-Term SELL at Fibonacci Resistance If price extends into the confluence zone around 4240+ and shows rejection, I’ll treat it as a counter-trend sell opportunity: Sell entry: 4241 – 4243 Stop loss: 4248 Take profit levels:4210-4194-4165-4120 Idea: fade the first touch into the Fibonacci + trendline resistance box, targeting a corrective leg back towards mid-channel support and potentially the lower part of the structure around 4120 if sellers step in aggressively. >>> Scenario #2 – BUY the Continuation from 4194 Support If the market respects the breakout and only offers a shallow pullback, I’ll look to join the trend from the key support / Fibonacci area: Buy entry: around 4194 Stop loss: 4185 Take profit levels: TP1: 4210 TP2: 4235 TP3: higher extension zone toward the 2.618 area (4370+ if momentum continues) Idea: use 4194 as a continuation buy zone, where broken resistance + Fib support align, aiming to ride the next impulsive leg higher inside the ascending channel. Key Technical Levels for the Week Resistance / Sell zone: 4241 – 4243 Intermediate resistance: 4235, then higher at the Fib extension band near 4370–4380 Support / Buy zone: 4194 Deeper supports: 4165 and 4120 (bottom of corrective structure) As long as price holds above the 4165–4120 block on a closing basis, the medium-term bias remains bullish. Risk Management Treat the sell setup as tactical / short-term against higher timeframe bullish structure. Always wait for clear confirmation (rejection wick, slowdown, or shift in 4H / 1H structure) at 4240s before entering shorts. Keep Risk:Reward ≥ 1:2 on both scenarios; avoid forcing trades in the middle of the range. Do not hold opposing positions simultaneously – follow the scenario the market confirms first. If strong fundamentals (e.g., very strong GDP, hawkish fiscal tone) push DXY sharply higher or lower, be ready to reassess the bias instead of clinging to the plan. Conclusion Gold has flipped from a descending structure to a rising channel, and Fibonacci confluences are giving us clear, objective levels to work with next week. Whether price reacts with a short-term pullback from 4240s or respects 4194 as continuation support, we already know: Where to sell tactically, Where to buy with the trend, And how our risk is defined. LET THE LEVELS GUIDE YOU, TRADE WITH CONFIDENCE, AND STAY DISCIPLINED, GUYS! 💛📈
OANDA:XAUUSDLong
by ANFIBO_
GOLD → Consolidation above 4150 amid a bullish market FX:XAUUSD breaks through 4170 and renews its high to 4193 during the Asian trading session. But further on, the market may consolidate before a possible continuation of growth... The probability of a Fed rate cut in December remains at 82%. Geopolitical risks (Russia-Ukraine) continue to support demand for safe-haven assets. Weekly growth continues, but consolidation above $4170-4190 is required for the movement to continue. However, low liquidity is expected on Thursday/Friday due to the holidays in the US. There may not be any strong movement, but volatility could be high during the European/American session... Focus on the current trading range of 4150-4193... Resistance levels: 4170, 4193, 4211 Support levels: 4150, 4145, 4139 The market is bullish both globally and locally. Accordingly, within the current trading range, gold may form a long squeeze relative to support and the liquidity zone at 4150. If the fundamental background does not change over the weekend, growth may continue next week... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
7
ETHEREUM → Countertrend correction. The hunt for liquidity BINANCE:ETHUSDT is testing the downward trend line and attempting to break through the resistance conglomerate. Overall, against the backdrop of low liquidity, the market has the opportunity to test 3245... Against the backdrop of low liquidity and without the presence of the American side in trading, ETH is testing the downward line of the local trend. A medium-term downtrend is forming in the cryptocurrency market. There is no strong fundamental support, and after the correction, the decline may continue. Any attempts at growth at this point can be seen as an opportunity to sell profitably... A breakout is forming and an attempt is being made to keep the price in the long zone. If the bulls keep the price above 2897 after retesting support, the price is likely to strengthen to the resistance range of 3245... However, a false breakout (liquidity capture) of key resistance may remind the market of the relevance of the downward trend... Resistance levels: 3000, 3245 Support levels: 2987, 2863 I expect two movements. If the price stays above 2987 (after retesting), then Ethereum will be able to retest the resistance of the range. A false breakout of the resistance range could trigger a price decline within the global downtrend that has been developing for 3 months... Best regards, R. Linda!
Short
by RLinda
4
GOLD → Consolidation above the support level of the new rangeFX:XAUUSD is consolidating above 4150 but within the distribution phase after breaking through consolidation. The upward price movement is supported by the weakening of the dollar... The metal remains on track for a fourth month of growth thanks to expectations of further Fed rate cuts and geopolitical tensions. Despite strong US data, markets are still pricing in a 76-85% probability of a rate cut in December. The dollar is weakening, although yields are rising slightly. Against the backdrop of the holiday week in the US, volatility may decrease and gold may consolidate. Talks about a possible peace between Russia and Ukraine could reduce demand for safe-haven assets, but the overall backdrop remains favorable for XAU/USD growth. Resistance levels: 4170, 4211 Support levels: 4146, 4139 Gold is consolidating above the key support zone of 4140-4146. A long squeeze could trigger a shift in market imbalance in favor of buyers. If the bulls keep the price above 4150, this could trigger further growth, a breakout of 4170, and a retest of 4211. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
12
EURUSD → Formation of an intermediate bottom...FX:EURUSD is forming a consolidation, which hints at a halt in the downward correction. The market is waiting for news that could trigger strong movements... The dollar is pausing and moving into consolidation. If the index enters a correction phase, the euro will go up. A breakout of 1.155 could confirm a change in the local trend and trigger a rally. The price is trading within a downward price channel; locally, the market is not ready to update the low and is consolidating above 1.150 and 0.7f. Accordingly, the focus is on the current consolidation: 1.150 - 1.155 Resistance levels: 1.155, 1.1606 Support levels: 1.1524, 1.1502, 1.1473 The price is currently consolidating, which means that the market is preparing for possible movements. A breakout of one or another boundary could trigger a rally. A breakout of resistance will confirm a change in the local trend. However, a breakout of support could trigger a continued decline to 1.1473. Best regards, R. Linda!
Long
by RLinda
2
ETH/USD 1D chart review1️⃣ Trend and general context • ETH is trading after a sharp decline from its local high of ~4,000+. • The price rebounded from a quite strong support zone around ~2,750–2,800. • Current price: ~USD 3,034 → the market is testing the first local resistance. Short-term trend: down, but a rebound and the first signs of reversal are visible. Long-term trend: still upwards (HL/HH on large intervals). ⸻ 2️⃣ Key Levels (from your chart) 🟩 Resistances • USD 3,475 – key resistance + SMA (blue) 👉 if ETH breaks this level and closes 1D above → strong bullish signal. • USD 4,061 – major resistance from previous highs. 🟥 Support • USD 2,757 – the nearest strong support after breaking the trendline. • USD 2,126 – very key macro support (bottom of consolidation). ⸻ 3️⃣ Medium SMA From your chart: • Red SMA #1 – price is just above it → first positive signal. • Blue SMA #5 – Acts as resistance and is currently being tested from below. • Green SMA #2 – higher, acts as resistance at ~USD 3.475. ➡ The price must return above the blue and green SMA to confirm the return of the upward trend. ⸻ 4️⃣ MACD • The MACD at the bottom of the chart begins to curl upwards. • The histogram decreases towards zero → the downward momentum weakens. • Bullish cross is still missing, but it's getting closer. Conclusion: Early signal of trend reversal, but not confirmed. ⸻ 5️⃣ RSI • RSI is in the zone around 40 → quite low, but not extremely. • Slight divergence: the price made a lower low, the RSI made a higher one. 👉 This is a bullish signal, but only in combination with a resistance breakout. ⸻ 6️⃣ Price Action You can see: • A long rising candle after a bounce from below. • We are approaching the first important resistance at ~3.100–3.150. To confirm continuation, you need: ✔ Closing of the 1D candle above ~3.150–3.200. ⸻ 🎯 What might happen next? Bull scenario (more likely if BTC also increases) 1. Breakout 3,150–3,200 → retest → move to: • USD 3,475 (major resistance + SMA) • then 3,800+ 2. MACD makes a bullish cross → momentum is growing. Probability: ~60%, but confirmation only after the breakout. ⸻ The Bears Scenario 1. Rejection from SMA (blue) and return below 3,000 2. Down to 2,750-2,800 again 3. If this breaks → move towards $2.126 Probability: ~40% at this point.
INDEX:ETHUSD
by cryptodailyuk
QUICK ANALYSIS (1H) — BTC BOUNCED FROM RESISTANCE✅ 1. Breakout from the downward trendline On the chart, I see: a yellow downward trendline—it has been broken, the candlestick dynamically breaks through it and closes above it. ➡️ This is the first signal of a shift in momentum to upward. ✅ 2. Price is testing the 200 SMA (blue) BTC is currently: touching the 200 SMA, bounces slightly downward—a classic reaction to strong resistance. ➡️ Until we break through the 200 SMA, the market remains in a downtrend. 🟩 3. Nearest resistance levels (green levels on your chart): 90,400 USDT – current resistance (reaction already visible) 92,500 USDT – next important level 93,200–94,000 USDT – strong supply zone 94,900 USDT – strong level from previous bounces ➡️ The closer the price gets to 94–95k, the greater the chance of a downward rebound. 🟥 4. Nearest support levels From your red levels: 88,700 USDT – first level of defense 87,500 USDT – key support 85,500 USDT – major local bottom 84,150 USDT – extreme support ➡️ If BTC returns below 87.5k, the correction will deepen. 📊 5. RSI — Neutral-Bullet RSI ~ 55, Not yet overbought, RSI trend is increasing. ➡️ There is room for further upward movement. 📉 6. MACD — Bullish Signal MACD has crossed the signal line upward, the histogram is rising. ➡️ Upward momentum, shorting here is risky.
by cryptodailyuk
2
GOLD → Distribution phase. Focus on 4150...FX:XAUUSD is trading at a one-and-a-half-week high, supported by a weaker dollar and growing expectations of Fed policy easing. More news ahead... US PPI inflation showed signs of slowing (2.7% y/y). Retail sales and consumer confidence were weaker than expected. The probability of a Fed rate cut in December rose to 85%. Fed members (Williams, Waller, Miran) supported the possibility of easing However, progress in Russia-Ukraine negotiations is limiting growth Today, attention is focused on data on jobless claims and durable goods orders The combination of soft monetary policy, geopolitical risks, and structural demand from the Central Bank creates a favorable backdrop. Resistance levels: 4156, 4211 Support levels: 4146, 4111 Gold continues to recover after breaking out of consolidation and holding above 4110. Focus on the next trading range (consolidation) of 4156 - 4111. If the bulls keep the price above 4146 - 4156, the next target could be 4211 - 4245. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
16
PNB: Weekly Rounding Bottom Breakout! 🚀 PNB: Weekly Rounding Bottom Breakout! 🚀 📉 CMP: ₹111.16 🔒 Stop Loss: ₹99 🎯 Targets: ₹117 | ₹126 | ₹133 🔍 Why PNB Looks Strong? ✅ Technical Breakout: Rounding bottom breakout confirmed on weekly charts ✅ Retest Support: Successful retest at 40 EMA, strengthening bullish bias ✅ Sector Boost: With rate cuts supporting banking, PNB as a laggard may catch up with upside momentum, especially with improving results 💡 Strategy & Risk Management: 📈 Staggered Entry: Ideal to accumulate in phases 🔒 Strict SL: Maintain stop loss at ₹99 to manage downside risk 📍 Outlook: Strong technical setup + sector tailwind = promising swing and positional trade opportunity. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before investing. #PNB #BankingStocks #BreakoutTrading #TechnicalAnalysis #SwingTrading #StockMarketIndia #InvestmentOpportunities
NSE:PNBLong
by satyam15