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Fibonacci Retracement

GOLD → Consolidation and correction before growthFX:XAUUSD continues to consolidate after a strong rally. The market is returning to a bullish trend, but a correction is possible before growth continues... Gold is rising amid expectations of Fed policy easing. The market is finding support amid: a 90.5% probability of a Fed rate cut in September, weak US employment data, and dovish comments from Fed officials. The market is waiting for news that could determine further movement. ISM Services PMI data: strong figures could temporarily support the dollar, while weak figures could increase pressure on the USD. Questions about the Fed's independence after Trump fired the head of the BLS. Gold is maintaining its upward momentum, but its dynamics will depend on macro statistics and the Fed's response. Technically, the focus is on the local trading range of 3385 - 3363 - 3353. Resistance levels: 3385.4, 3433 Support levels: 3362, 3353, 3345 A retest of support and holding the price above key support could trigger a continuation of the uptrend, but it is important to pay attention to the fundamental background. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
20
XRPUSDT → Hunting for liquidity ahead of a possible declineBINANCE:XRPUSDT.P is forming a downward market structure after a false breakout of global resistance. Bitcoin is in a correction phase and, after a slight rebound, may continue its movement... Bitcoin has entered the sell zone. The price is consolidating below the global consolidation boundary of 115,500 during the retest, and if Bitcoin continues to decline, this could trigger a downward movement across the entire cryptocurrency market. XRP is forming a bearish market structure. After capturing liquidity and a false breakout of resistance, the price is returning to a bearish trading range. There is no potential for continued growth at this time. A consolidation of the price below 3.00 - 2.996 could trigger further sell-offs. Resistance levels: 2.996, 3.050, 3.181 Support levels: 2.996, 2.891, 2.74 The local bearish structure will be broken if the price starts to rise, breaks 3.050, and consolidates above it. In this case, XRP may test 3.181 before falling further. At the moment, after a false breakout of resistance, the price is consolidating in the selling zone, and the downward movement may continue. I consider 2.74 - 2.655 to be the zone of interest in the medium term. Best regards, R. Linda!
Short
by RLinda
19
GOLD → Consolidation after the rally...FX:XAUUSD is not falling back after a strong rally, but is consolidating against resistance at 3362.8. Continued high demand could allow the market to strengthen... The price of gold halted its two-day rally, trading around $3362.8 on Monday morning after weak US employment data. This heightened concerns about the US economy and increased the likelihood of a Fed rate cut in September to 80%. Additional pressure on the dollar came from the dismissal of BLS chief Erika McAntfer, which raised suspicions of statistics manipulation. Market attention is also focused on US-Canada trade talks, which could affect investor sentiment. Gold is consolidating for now, but its further growth will depend on the dynamics of the dollar and macroeconomic data. Resistance levels: 3362.8, 3383, 3433 Support levels: 3345, 3334 As the market has now entered a consolidation phase, MM may form a retest of support before a possible rise in order to accumulate liquidity. However, a breakout of resistance at 3362.8 could trigger further growth. Best regards, Linda!
FX:XAUUSDLong
by RLinda
14
BITCOIN → From consolidation to distribution. Market weaknessBINANCE:BTCUSDT.P is moving from consolidation to a correction phase. The price broke through the support zone of 114.5–115.5, closing within the Friday trading session in the sell zone... Previous idea from July 22: BITCOIN → Consolidation and compression to 116K. Correction? The fundamental background is shifting to neutral, the hype has temporarily ended, and there are no bullish drivers yet. And for the health of the market, a correction is needed. Bitcoin is breaking the neutral consolidation structure. The previous trading session closed below the support range, which generally indicates market weakness. Despite the global bullish trend, Bitcoin is moving from consolidation to a correction phase, with 112K - 110.5K serving as points of interest in this case. Before the fall, liquidity may be captured in the 114K - 114.800 zone. Resistance levels: 114.05, 114.85, 115.67 Support levels: 112.03, 110.48 After a strong movement, the market may enter a correction or local consolidation, during which it may test the specified resistance zones before continuing its downward movement to the zone of interest and liquidity at 112 - 110.5. Best regards, R. Linda!
Short
by RLinda
20
ETHUSDT 4H Chart Review🔍 General Technical Context: Prior Trend: Upward (strong rally from around 3,150 USDT). Current Structure: After breaking out of the ascending channel, there was a strong decline, but is currently rebounding upward – it looks like a test of prior support as resistance. 📈 Key Horizontal Levels (Support/Resistance): Resistance: 3,794 USDT – strong resistance resulting from the prior high (green line). 3,943 USDT – high of the ascending channel. Support: 3,504 USDT – prior support, now potentially acting as resistance (red line). 3,383 USDT – July support. 3,132 USDT – strong base support, potential correction low. 📉 Technical Patterns: Broken Upward Channel (orange lines): A clear downward breakout suggests a weakening of the previous trend. Downward Trendline (purple): The current price is approaching it – a test and reaction (bounce or breakout) may occur. 📊 Stochastic RSI (oscillator at the bottom): The indicator is entering the overbought zone (>80). This may indicate an impending slowdown or correction, especially if the price encounters resistance at the purple downward trendline. 🔮 Scenarios: ✅ Bullish (if the breakout is upward): A breakout of the purple trendline and resistance at 3,794 USDT could signal further gains towards 3,943 USDT or higher. Confirmation could come from a retest of the purple line as support. ❌ Bearish (if resistance rejected): Rejection from the trendline or the 3,794 USDT zone = possible correction to 3,504 or 3,383 USDT. Break of 3,383 = potential decline to the 3,132–3,150 USDT zone. 🧭 Conclusion: The market has regained strength from the local low but is at a potentially strong resistance zone. Stochastic RSI overbought + near resistance = high risk of a near-term correction. The key will be price performance within the purple trendline and 3,794 USDT.
by cryptodailyuk
USDJPY → False breakdown of upward trend supportFX:USDJPY is testing trend support as part of a correction triggered by news. The dollar has been recovering since the start of the session, giving the pair a chance to rise. As part of a correction against the backdrop of sharp and unexpected Friday NFP data, the currency pair is forming a false breakdown of trend support and testing the 0.7f buy zone. The market is reacting to the retest of support. Momentum is forming. Focus on the local range of 147.6 - 147.9. If the bulls keep the price above this consolidation, the price may continue to rise Resistance levels: 147.95, 149.02 Support levels: 157.55, 147.0 Focus on the trend and the indicated consolidation, which may move into the realization phase. If the bulls take the initiative, the pair will have a chance to rise to 149 - 150.8. Best regards, R. Linda!
Long
by RLinda
1
GOLD → The rally following weak NFP data may continueFX:XAUUSD is moving into distribution (rally) on the back of unexpected NFP data released on Friday. The dollar is plummeting... Fundamentally, the gold market is getting support from an influx of funds after the unexpectedly weak NFP report. Against this backdrop, Trump said that the employment data had been “rigged” to make him look bad... I believe that the situation is somewhat different: the president's administration failed to control this moment, hoping to see positive dynamics. Powell now has a small trump card to control his actions. The reduction in interest rates will most likely be postponed until the fall. Technically, on D1, gold is rebounding from the support of the global trading range, forming a local bullish trend that coincides with the global one. Resistance levels: 3362.8, 3383, 3433 Support levels: 3345, 3334 Gold is exiting the local downward channel, breaking through resistance at 3334 and 3345. Consolidation is forming, and by the end of the session, the price will break through resistance at 3354.75. The market is quite strong. Focus on two levels: 3362.8 and 3354.7. At the opening of the session, the price may attempt to break through the resistance level of 3362.8. If gold consolidates above this level, growth may continue. If not, then before further growth, the market may test the support level... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
23
BTC/USD 1D Chart 🔼 Resistance: • USD 123,263 - local peak, strong resistance (green line) • USD 119,120 - level tested several times, recent reflection • 116,224 USD - zone of previous consolidations 🔽 support: • 110,945 USD - SMA #2 (movable average), tested in the past • 107,804 USD - local hole • USD 103,542 - strong support from the past (historical retention of declines) ⸻ 📊 Technical indicators 📉 Trend: • The yellow upward trend line has been broken - a potential bull weakness signal. • The candle pierces the trend line from the bottom - it is possible to change the direction to a side or downward trend. 📈 Medium walking (SMA): • The red SMA #1 line acted as dynamic resistance. • The price is currently testing SMA #2 as support. • SMA #5 (blue, approx. 98,600 USD) is very strong long -term support. 📉 Macd: • The MacD line is below the signal line → Bear signal (Bearish). • Red histogram - inheritance impetus is growing. 📉 RSI: • RSI has fallen below the level of 50 → the advantage of supply. • Currently, it is approaching the supply of supply overload (<30), which can herald the technical reflection. ⸻ 🔮 Scenarios ✅ Scenario Bycza (Bullish): • Maintenance of a price above 110.945 USD (SMA #2). • Return above the trend line or testing USD 116,224 and piercing up. ❌ Bear scenario (Bearish): • Loss of support to 110.945 USD → decrease to USD 107,800. • If this does not keep the course, the next strong level is USD 103,500. ⸻ 🧠 Applications: • Short -term: the market looks weak, the candle breaks the upward trend. • Medium -term: still in the game, but if it does not reflect from the current levels, a greater correction is possible. • Commercial decisions: It is worth waiting for confirmation of the direction (reflection from support or continuation of declines).
COINBASE:BTCUSD
by cryptodailyuk
1
GOLD → The market is waiting for NFP. What could happen?FX:XAUUSD is bouncing off resistance at 3310, confirming the upper limit of the new trading range. The dollar continues to rally, but the market as a whole is stagnating ahead of upcoming news—NFP is coming up! Gold is consolidating at monthly lows around $3268, awaiting key US labor market data (NFP). Trump's new tariffs (10% globally, 35% for Canada, 39% for Switzerland) have boosted demand for the dollar, putting pressure on gold. Markets are waiting for NFP: forecast +110K jobs, unemployment 4.2%. Weak data (<100K) → gold may rise to $3400. Strong (>150K) → the dollar will strengthen, gold will continue to fall. The probability of a Fed rate cut in September is <50%. Based on yesterday's data, I would cautiously suggest that NFP will be in the range of 125K–145K, slightly above the consensus (110K). This will play into Trump's hands (I think you understand what I mean...). Resistance levels: 3300, 3310, 3320 Support levels: 3287, 3268, 3255 The news has a negative nuance — unpredictability. Be careful. Technically, based on the data we have at the moment, I would assume that the market may test resistance at 3300-3310 before a possible pullback to the specified support. BUT! Unpredictable data could turn the game around, and in that case, if the dollar falls, gold could start to rise. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
18
Today’s Opportunity: Stay Sharp on GBPJPY!Hey friends, Here's my latest analysis on GBPJPY. 📌 Buy Entry Zone: 197.590 - 197.336 🎯 Target Level: 198.642 📅 Today, major economic data will be released from the U.S. Make sure to factor this into your fundamental analysis. 📊 It’s not just about the charts—fundamentals matter too. Technical + Fundamental = Powerful outcomes ✅ 💬 Every like and bit of support keeps me going. Thanks so much to everyone backing this journey! 🙌
Long
by TraderTilki
16
SP500 → Countertrend correction before growthFX:SPX500 is correcting against an upward trend. In the second half of the week, the market received fairly positive fundamentals during the reporting period. S&P 500 futures found support after strong reports from Meta and Microsoft, which exceeded earnings expectations and forecasts thanks to AI. The rise in futures supported demand for the “Magnificent Seven” despite Powell's hawkish comments. The focus is on Apple and Amazon reports in the evening, which could strengthen the tech rally. On Friday, we are seeing a countertrend correction in which the market is testing the 6288 zone of interest. Support levels: 6288.4, 6262.6 Resistance levels: 6342, 6371 Most likely, the market will form a false breakout of support during the correction. If the bulls keep the index above the key level, we can expect continued growth in the short and medium term. Best regards, R. Linda!
FX:SPX500Long
by RLinda
6
BTC/USD 4h chart🔸 Formation: Triangle descending (descending) • Upper trend line (orange) - inheritance, connects lower and lower peaks. • Lower support line (red) - approx. 116,700 USD - key support, tested many times. 🔻 Support USD 116,700 Tested several times, currently threatened 🔻 Another support USD 114,669 Target level when struck with a triangle 🔼 Resistance USD 118,321 The nearest resistance - the former level of support 🔼 Resistance USD 119,931 Local peak 🔼 Strong resistance USD 121,107 Upper level of structure 📉 STOCHASTIC RSI (lower indicator) • Line cutting and a decrease in the purchase area (> 80) towards the center. • No extreme sales signal, but the trend begins to be negative. ⸻ 📌 Applications and possible scenarios: 🔻 Bearish script (more technically likely): • If BTC breaks below USD 116,700 with a 4H candle closure, possible: • a decrease around USD 114,669 (lower limit of the triangle) • Even lower - around 113,500-112,000 USD with an increased volume 🔼 Bullly script (less likely but possible): • needed quick breaking above USD 118,300 and maintaining above this level • Then the goal will be USD 119,931, and then possible traffic up to USD 121.107 ⸻ 📍 Summary: • We see classic triangle descending-pro-draft formation. • Support 116,700 USD very close to breaking - if it falls, down movement can be dynamic. • Stochastic RSI coincides with the deterioration of the moment. • The inheritance scenario seems dominant, unless there is a strong demand and over 118,300 USD.
COINBASE:BTCUSD
by cryptodailyuk
ZORA 5-Wave Completion — 30% Crash Incoming?After exploding +1150% in just 20 days and completing all 5 waves, ZORA is now consolidating — trading sideways just under the $0.10 psychological level for the past 4 days. 📉 Current Market Structure The current structure shows signs of a developing Head & Shoulders pattern, with price: Trading below the daily open (dOpen) and weekly open (wOpen) → Bearish signs Hovering near the prior daily open (pdOpen) → a breakdown here would confirm bearish continuation 🔴 Short Setup - Bearish Scenario If ZORA breaks below pdOpen, we’re likely heading for: 0.618 Fib retracement at $0.06137 of the final wave 5 Confluence with 1.272 Trend-Based Fib Extension (TBFE) at $0.06148 This zone marks the next high-probability reaction point and a potential long opportunity if price shows a bounce or reversal. 📉 Overall Short Trade Target The full retracement target sits between $0.0529 and $0.0514, offering multiple layers of confluence: 0.5 Fib retracement of the full 1150% move 0.786 Fib retracement of the final wave 5 Aligned with an old trading range and daily level This makes it an ideal demand zone for patient bulls but only once price confirms. 💡 Educational Insight This setup highlights an example of Elliott Wave Theory in action — after a strong 5-wave impulse move, markets often enter a corrective phase. The completion of wave 5, especially near key psychological levels like $0.10, often marks a local top, where price corrects toward key Fibonacci retracement zones. Combining wave structure with confluence factors like Fib levels, VWAP, and prior trading ranges helps traders identify high-probability reversal zones — allowing for better timing, risk management, and trade planning. Always wait for confirmation before jumping into any trades. Summary Bearish continuation confirmed on pdOpen breakdown First support zone: $0.0613–$0.0614 Final downside target: $0.0529–$0.0514 Look for long opportunities only on reaction + confirmation _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
9
GOLD → Retest of resistance within a bearish runFX:XAUUSD breaks through the upward trend support amid a rallying dollar. Since the opening of the session, the price has been testing the zone of interest, but bears are quite aggressive... Gold is partially recovering after falling to $3,268, a monthly low caused by the Fed's hawkish tone. The Central Bank kept its rate at 4.25–4.5% (9 votes to 2), highlighting uncertainty due to Trump's tariffs. Markets now estimate the probability of the rate remaining unchanged in September at 58% (previously 35%). The dollar's rise slowed amid concerns about the extension of the US-China trade truce and profit-taking ahead of key US employment data (after strong ADP and GDP reports). The nearest drivers are labor market statistics and trade news, while the technical picture for gold remains bearish. Technically, on D1, the price is breaking key support zones, including the trend line, which overall only increases selling pressure on the metals market... Resistance levels: 3310, 3320, 3334 Support levels: 3287, 3267, 3255 As part of the correction, the price has exhausted the entire daily ATR, forming a retest of the liquidity and interest zone. If the bears keep the price below 3320-3310, gold may head towards support... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
24
XRPUSDT → Range formation. Retest of resistanceBINANCE:XRPUSDT.P , after a false breakout of the daily resistance level of 3.352 and the elimination of traders, has entered a correction phase. The trading range shown below has been formed, with an emphasis on resistance... XRP previously formed a false breakout of the daily resistance level of 3.352, as indicated in the idea above. After changing its market character, the price entered a correction phase. Focus on the range of 3.00 - 3.264. A retest of resistance (zone of interest and liquidity) is possible before falling to 3.161, 3.05 or to the liquidity zone of 3.00. There are no technical or fundamental reasons for exiting the consolidation; most likely, a retest of the zone of interest may end in manipulation and a pullback to support... Resistance levels: 3.1609, 3.264, 3.352 Support levels: 3.05, 3.00 I do not rule out the fact that a retest of the 3.264 resistance level may have a breakout structure and the price will continue to rise, but based on the price behavior pattern on D1, the market structure, and market stagnation, I conclude that at the moment, the chances of seeing a correction from resistance are higher. Further developments will need to be considered after the retest of key zones on the chart... Best regards, R. Linda!
Short
by RLinda
12
BITCOIN → Correction within a downward channel. 112K or 125K?BINANCE:BTCUSDT is consolidating. However, a local downward trading range is forming relative to the current setup. What is the probability of a correction continuing to 112K or growth to 125K? Daily structure: a local correctional channel within a global bullish trend. We have cascading resistance at 119.2, 119.6, 120, and 120.8. It will be quite difficult to break through this zone on the first attempt, but MM can use it to form traps and collect liquidity. At the bottom, everything is simpler — a breakdown of the local bullish structure, the formation of an intermediate minimum, below which there is a void down to 112K. Yesterday, relative to 115-116K, mm staged a massacre (trap) on both sides of the market. Liquidity collection, return to the range, and growth. The reaction to the false breakdown of support is quite strong. Since the opening of the session, Bitcoin has been heading towards resistance, but there may not be enough potential to break through the upper resistance conglomerate, so I expect to see a pullback or decline to 116-115-114. Resistance levels: 119.2, 120.1, 120.85 Support levels: 116.37, 115.67, 112 Technically and fundamentally, I do not see any drivers that could support the market (I am talking about Bitcoin, since the driver for altcoins is the decline in Bitcoin's dominance). It is possible that this may appear later. In the current situation, I am considering a false breakout and correction, as the market has not yet finished consolidating or correcting, and the current downward trading range may be extended. PS: As the price moves towards resistance, it is necessary to monitor the reaction. The market itself will show what it is preparing for... Best regards, R. Linda!
Short
by RLinda
30