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GOLD → As prices continue to rise, so do the risks...FX:XAUUSD continues to rise, setting new highs. New ATH 3659. Focus on current consolidation, as the structure remains bullish... Gold hit a new record high, surpassing $3,650, amid a weakening dollar and growing expectations of aggressive Fed policy easing. However, overbought conditions and profit-taking risks may limit further growth. The USD is at 7-week lows due to fears of stagflation and deteriorating employment data. The probability of a rate cut on September 17 is 89.4% (25 bps), with a chance of 50 bps. Markets are expecting more than two cuts in 2024. Risks for gold: “Sell the fact”: If the NFP revision turns out to be weak (as expected), investors may start to take profits. Technically, gold remains bullish, but a near-term correction is likely due to technical factors and a possible reaction to the data. The long-term trend remains bullish thanks to a weak USD and the Fed's dovish policy. Resistance levels: 3657, 3675, 3700 Support levels: 3636, 3628, 3620 Gold is consolidating. At the moment, the fundamental background is stable, and no news is expected today except for those that are impossible to predict (comments, rumors, etc.). Before further growth, gold may test the support area and the liquidity hidden behind it. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
18
GBPUSD → Retest resistance for a breakout. Distribution?FX:GBPUSD is attempting to break through the resistance of the symmetrical triangle consolidation pattern, which is a continuation pattern of the main bullish trend. Against the backdrop of stagnation and weakening of the dollar index, the GBPUSD price has stopped updating local lows, and consolidation in the form of a symmetrical triangle is forming. The strengthening of the GBP led to a breakout of the consolidation resistance, and if the bulls can stay above 1.352, then the market may trigger a rally to the resistance at 1.3588, from which a small correction is expected before continuing to grow to 1.378 thanks to motivated buyers. Resistance levels: 1.3589, 1.3674 Support levels: 1.3524, 1.3446 In the 1.3525 zone, there may be a prolonged struggle for the buying area (above resistance). If the bulls manage to stay above the resistance conglomerate, this will confirm the fact of a resistance breakout and the end of the downward correction, which may trigger a continuation of the global trend and price growth to 1.378. Best regards, R. Linda!
Long
by RLinda
9
GOLD → Consolidation and news. What are the chances for growth?FX:XAUUSD is consolidating in a symmetrical triangle pattern. Market uncertainty remains high. The global trend is bullish, while the local trend is neutral. What can we expect from gold? Gold is falling ahead of Powell's speech in Jackson Hole. The dollar is strengthening on strong US economic data (housing sales and PMI growth), which reduces the likelihood of an early easing of Fed policy. Key factors: Powell may confirm a cautious approach to rate cuts. The probability of a rate cut in September has fallen to 75%. The rise of the dollar as a “safe haven” is putting pressure on gold Scenarios after the speech: Hawkish tone from Powell → dollar rises → gold falls below $3300. Soft signal → dollar correction → gold recovery Technically , the gold casino continues and it is difficult to determine in advance which way the symmetrical triangle will break, but if we bet on a bullish trend and the likelihood of an imminent interest rate cut, the most likely scenario is a rebound from the support zone followed by a breakout of resistance and a rise to local levels Resistance levels: 3350, 3358, 3370 Support levels: 3323, 3320, 3315 A false breakout of the key support level, which is being defended quite aggressively by the bulls, could trigger an active recovery phase. However, it is important to keep an eye on Powell's speech, as well as Trump's, who will also be commenting this afternoon. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
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
6
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
3
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
12
USDCAD → Short squeeze for further declineFX:USDCAD is forming another short squeeze relative to the global price range ahead of a possible decline within the global downtrend. After breaking through the resistance of the global trading range, USDCAD was unable to continue its upward momentum. The price returned to the range, under strong resistance, and is forming a pre-breakdown base for a possible decline. The trigger in our case is support at 1.3762. The dollar is stagnating, trading below strong resistance. A decline in the dollar could trigger a fall in USDCAD Support levels: 1.376, 1.3695, 1.3629 Resistance levels: 1.3774, 1.3809 The market structure is quite weak, both globally and locally. In addition, against the backdrop of an expected rate cut, the dollar may continue its downward global trend, which may also affect the price of the currency pair, which has formed a false breakout of resistance... Best regards, R. Linda!
Short
by RLinda
9
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
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
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
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
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
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
GOLD → False breakdown 3310. Consolidation ahead of news...FX:XAUUSD is forming a false breakdown of support at 3310, thereby confirming the boundaries of the trading range. The dollar is testing strong resistance within the global downtrend. And in the near future, we can expect more economic news... Gold is trading below the key resistance level of $3345, remaining in a narrow range ahead of the Fed's decision and US GDP data for Q2. Weak data could reinforce expectations of a rate cut and support gold, while strong data would strengthen the dollar. The Fed is likely to keep rates at 4.25–4.5%, with markets pricing in a 64% chance of a 25 bps cut in September. Investors are waiting for signals from Jerome Powell, with a possible split within the Fed: some members may support calls for easing, which would be a driver for gold. Technically, the situation on D1 is quite interesting. Gold is still below the previously broken trend resistance, but there is no continuation of the momentum. Buyers are reacting to support at 3310, but the market is stagnating due to uncertainty ahead of the news... Resistance levels: 3345, 3375 Support levels: 3320, 3310, 3287 Thus, from a technical analysis perspective, I expect a retest of 3345, followed by a pullback to support at 3320, from which gold could move higher (if the bulls take the initiative), but if 3320 breaks and 3310 comes under pressure, gold could test 3287. Again, the emphasis is on trend support (the upward line) in the 3335-33450 zone. If the price can consolidate in this zone, we will have confirmation that the price has returned to the boundaries of the upward trend. Best regards, R. Linda!
FX:XAUUSD
by RLinda
17
USDCHF → The resistance retest ended with a false breakoutFX:USDCHF tested resistance at 0.805 - 0.806 and formed a false breakout without the possibility of continuing growth. The global trend is downward... Against the backdrop of the dollar's growth (reaction to news), the currency pair also moved to distribution to 0.8050. The price failed to break through resistance, forming a false breakout. USDCHF is consolidating below resistance, and a breakdown of the local structure could trigger a decline. The dollar index is also facing fairly strong resistance and may continue its downward trend, which will also affect the decline in the USDCHF price. Resistance levels: 0.805, 0.806, 0.81 Support levels: 0.800, 0.794, 0.791 If, within the current consolidation, the price begins to fall and break the local structure, then we can expect the decline to continue towards the specified targets! Best regards, R. Linda!
Short
by RLinda
4
GOLD → Formation of a trading range. 3345?FX:XAUUSD confirms support for the local range. A false breakdown has formed and the price has returned to the buying zone. We are waiting for the bulls to take the initiative... Gold is trying to recover after falling to $3302, remaining under pressure ahead of key events in the US: the publication of GDP data and the Fed's decision on interest rates. Support is provided by a pause in the dollar's growth, expectations of an extension of the US-China trade truce, and growing demand for safe-haven assets amid a surge in oil prices due to the threat of new sanctions against Russia. However, the sustainability of growth is in question: the dollar may strengthen thanks to optimism about the US economy and progress in negotiations. A false breakdown of the support range is forming. Focus on 3310-3320. If the bulls keep the price above this zone, gold will have a chance to grow. BUT! If the price starts to contract and stick to 3310, we can expect the decline to continue... Resistance levels: 3345, 3375 Support levels: 3320, 3310, 3287 The two-day movement has most likely exhausted its potential, or the market has decided to recover slightly due to the unpredictability factor. A false breakdown of support could trigger a pullback to the strong level of 3345, from which a rebound could form (either before growth or before the continuation of the decline; it is necessary to monitor the reaction and the market background...). Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
22
EURJPY → Retest support before growthFX:EURJPY has been correcting since the opening of the European session. The movement was triggered by yesterday's news related to the trade deal between the US and Europe... EURJPY is reacting to news related to the deal between the US and Europe. A correction is forming amid the fall of the euro, but against the backdrop of the dollar's growth, the currency pair has a chance to rise if the bulls keep the price in the buying zone relative to the support level of 173.08. The dollar is rising, and against this backdrop, the Japanese yen is falling. Bulls have every chance of holding their ground above the previously broken resistance. If the market confirms support, we will have chances for growth. Resistance levels: 173.87 Support levels: 173.082, 172.47 The currency pair may form a liquidity trap relative to the previously broken consolidation resistance. A false breakdown of support and price consolidation in the buying zone (above 173.1) could trigger further growth. Best regards, R. Linda!
Long
by RLinda
8
GOLD → Countertrend correction, retest of 3345 before growthFX:XAUUSD , undergoing a deep correction after a false breakout of local resistance at 3433, has reached the support of the upward trend. Will the bulls be able to maintain the trend? Gold held below $3,400 on Friday, rebounding from $3,350, and is poised to end the week higher. Investors are watching the conflict between Thailand and Cambodia, which is boosting demand for safe-haven assets, and are also awaiting decisions from the Fed and the Bank of Japan next week. The markets received additional support from US trade deals with Asian countries and progress in negotiations with the EU, easing fears of a tariff war. As part of the correction, gold is testing trend support and the 3345-3337 zone of interest. A false breakdown, lack of downward momentum, and bulls holding prices above 3345 could trigger growth and a continuation of the main upward trend. Resistance levels: 3375, 3383 Support levels: 3345, 3337, 3330 Technically, the support level of 3345 plays a fairly important role in the market. If, during the correction, the bulls manage to hold their ground above this zone, the prospects for recovery will be high, especially against the backdrop of geopolitical problems. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
18
GBPUSD → Retest of previously broken resistance...FX:GBPUSD has entered a correction phase after breaking through the local downtrend. If the price remains in the 1.3450–1.346 zone, this will confirm the formation of a new trading range... The market is entering a correction phase due to the dollar. A countertrend retest of the support zone is forming. Earlier, the currency pair broke the local trend and is entering a flat phase. The retest of support may end with a recovery. If, within the local movement and after a false breakout of the 1.345 - 1.3467 zone, the bulls keep the price above the buying zone, then in the short and medium term, we can expect growth to continue. Support levels: 1.3467, 1.345 Resistance levels: 1.35, 1.3584 A false breakdown of support at 1.3467 will confirm a change in the local trend (correction). The market may return to the recovery phase of the global trend. Best regards, R. Linda!
Long
by RLinda
8
XRP → ATH retest. Reversal or continued growth?BINANCE:XRPUSDT.P is rallying and ready to test the resistance zone - ATH. Against this backdrop, Bitcoin is consolidating after a bull run. The liquidity pool may hold back growth. Fundamentally, there is excitement across the entire cryptocurrency market. Altcoins are rallying after Bitcoin hit a new high and entered consolidation. The BTC.D index is declining, which generally provides a good opportunity for altcoins to grow. However, the index is approaching technical support, which may affect market sentiment overall... As for XRP, there is a fairly strong liquidity pool ahead — the ATH resistance zone. The price is in a distribution phase after a change in character and a breakout of the downtrend resistance in the 2.33 zone. The momentum may exhaust its potential to break through the 3.35-3.34 zone, and growth may be halted for correction or reversal (in correlation with Bitcoin's dominance in the market). Resistance levels: 3.35-3.40 Support levels: 3.0, 2.64 A breakout of resistance without the possibility of further growth, a return of the price below the level (i.e., inside the global flat) will confirm the fact of a false breakout of resistance, which may trigger a correction or even a reversal. Best regards, R. Linda!
Long
by RLinda
9
ARTYUSDT → A breakout of resistance could trigger another rallyBYBIT:ARTYUSDT is forming a cascading bottom as part of consolidation before a possible breakout of resistance. The decline in Bitcoin's market dominance gives altcoins a chance. ( (Idea from September 29, 2024!) We previously discussed this coin before its 300% rally. The root causes of its emergence from accumulation and readiness for strong growth were correctly identified). The dump phase is coming to an end, a cascading market bottom is beginning to form, and a pre-breakout base relative to the triangle resistance is forming, which overall hints at a bullish behavior pattern. Bitcoin is currently consolidating after the rally, and the Bitcoin dominance index is declining, which generally indicates a flow of funds into altcoins. The situation is such that the altcoin market has another chance for the season. The correction across the entire market may end in the near future, and under favorable conditions (the fundamental background is strengthening, Trump has announced another important event for cryptocurrencies), the market may return to strong movements... The focus in ARTY is on the intermediate resistance at 0.1770 and the consolidation resistance at 0.2368. Consolidation above this range could trigger a rally. Resistance levels: 0.2368 Support levels: 0.1235 Technically, a few days ago, the coin tested the consolidation resistance, but the decline did not continue, which generally indicates that buyers are showing interest and holding the market. Consolidation in the near term may end with a retest of 0.1770, 0.2368, a breakout, and further growth. Best regards, R. Linda!
Long
by RLinda
3
GOLD → Consolidation before the next jump to 3450?FX:XAUUSD continues to rally, with the price updating its local high to 3438 and moving into consolidation, possibly for another jump... After hitting a five-week high of $3,438, traders are taking a break. Optimism is fuelled by Trump's statements about the largest deal with Japan and negotiations with Canada, but uncertainty about the details of the agreements and political instability in Japan are keeping caution in check. The market is waiting for further signals on trade and political issues, which remain key factors for gold. Technically, the dollar continues to fall, which generally supports gold. But! Gold is approaching strong resistance at 3445-3450, where growth may be temporarily halted. Resistance levels: 3433, 3446 Support levels: 3416, 3401, 3375 As part of a local correction, gold may test consolidation support or 0.5-0.7f before continuing to rise. There are quite a few orders in the 3433-3446 zone, and it will be difficult to break through this area to reach the target. Consolidation before this level may help the rise to continue. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
25