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Parallel Channel

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
21
GOLD → Strong bullish trend. What are the targets?FX:XAUUSD continues to rally on positive fundamentals that emerged at the end of last week. The market is pricing in an almost 100% cut in interest rates, which is weakening the dollar and supporting the metal... Gold is holding close to its record high of $3,600 after extremely weak US employment data for August. This has reinforced expectations of a 25 bp Fed rate cut this month. This week, attention is focused on the release of US inflation data (CPI and PPI). Inflation data in the US will confirm or adjust expectations for Fed policy easing. If inflation remains high, this could delay aggressive rate cuts and cause a correction in gold. For now, the bullish trend continues. Resistance levels: 3615, 3634, 3650 Support levels: 3600, 3578 Technically, a strong bullish trend. Growth may continue after price consolidation above 3614-3615 or after a slight correction to support at 3600 relative to the current local rally. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
38
SOLUSDT → Consolidation before the rally. New high?BINANCE:SOLUSDT continues to form a bullish trend without reacting to market noise. The price is consolidating before a possible rise. Focus on the trigger... Bitcoin previously overcame correction resistance and is consolidating in an intermediate zone in anticipation of a bullish driver, which could generally strengthen positive sentiment in strong altcoins. Against this backdrop, the market may form growth... SOL is consolidating in a symmetrical triangle pattern within an uptrend. Buyers are gaining momentum, and a breakout of the consolidation resistance could trigger continued growth with a subsequent update of the maximum. Resistance levels: 208.5, 212.25, 218.0 Support levels: 201.7, 197.4 Before the breakout and growth, a retest of the 205.0 - 201.7 zone may form, however, a breakout beyond the symmetrical triangle may trigger a spread. Growth targets may be 220, 245. Best regards, R. Linda!
Long
by RLinda
12
ENAUSDT → Attempting a trend change. Focus on 0.700BINANCE:ENAUSDT is forming an attempt to change the trend. The price breaks the descending resistance and forms a new trading range. The focus on the 0.7 support and the bulls' reaction... Bitcoin looks quite positive after breaking the downside resistance, but there is a strong 112K zone ahead and news on Thursday / Friday. If the general backdrop maintains its bullishness, BTC's rise will support strong altcoins and the market could turn green, including the coin discussed in this publication... ENAUSDT breaks through the downtrend resistance. Price is consolidating above the boundary and forming a trading range. The focus is on the 0.7 - 0.683 area. If the bulls keep the price above this area, it will confirm the fact of trend change, which could trigger a rally to 0.7745 - 0.853 Support levels: 0.7, 0.683, 0.668 Resistance levels: 0.736, 0.7745 Technically, there is a possible struggle between market participants for the area 0.7 - 0.668. In this case, I will not consider the return to the channel as a false breakout of the trend, as a strong upward impulse was formed earlier, which generally broke the local market structure. However, based on the technical situation, I will consider entering the position after clear signs of price holding above the key support zone. Regards R. Linda!
Long
by RLinda
5
ETHUSD 1H – Critical Breakout Zone Ahead | BUY LIMIT SELL ACTIVEBITSTAMP:ETHUSD Structure | Trend | Key Reaction Zones Ethereum is stuck between resistance at 4,324–4,362 and strong support at 4,215. Price is consolidating, and a breakout will define the next big move. Market Overview Buyers are defending the 4,215–4,230 demand zone. A push above 4,362 will confirm bullish continuation toward 4,400+, but rejection could drag ETH back toward 4,215. Key Scenarios ✅ Bullish Case 🚀 Target 1: 4,324 Target 2: 4,362 Target 3: 4,400 – 4,437 Stop Loss: Below 4,282 Current Levels to Watch Resistance 🔴: 4,324 – 4,362 Support 🟢: 4,230 – 4,215 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
BITSTAMP:ETHUSDLong
by PEAKALPHAFXMARKETS
XAUUSD Short: Correction Phase Will ContinueHello, traders! The prior market structure for XAUUSD was a bearish descending channel. This trend was decisively reversed by a bullish initiative from the pivot point low near the demand zone 2, which triggered a breakout and established the current bullish market phase, shifting control to the buyers. Currently, the price auction is being guided by a well-defined ascending channel. A strong impulse has carried XAUUSD to the upper boundary of this channel, which represents dynamic resistance. The market is now testing this ceiling after a sustained rally, a key area where sellers may emerge to initiate a corrective phase against the dominant uptrend. The primary scenario anticipates a short-term corrective move from the channel's resistance. The expectation is that the upper boundary will hold, leading to a rejection and a downward rotation back towards the channel's median. A failure to break higher would confirm that a temporary pause in the uptrend is likely. The take-profit is therefore set at 3555 points, targeting an intermediate liquidity level. Manage your risk!
FOREXCOM:XAUUSDShort
by heniitrading
6
EURUSD: Correction Before the Impulse UpHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, after exiting a prior Upward Channel, the price action has entered a lengthy period of consolidation. This price action has been forming a large ascending triangle, which is typically a bullish continuation pattern. The boundaries are defined by the horizontal Resistance at the 1.1740 level and an ascending support line. Currently, the price is trading in the upper portion of this triangle, having recently bounced from the ascending Triangle Support Line. We are now approaching the critical flat resistance at the 1.1740 level for another significant test. This Resistance Zone has successfully capped all rallies for several weeks. My Scenario & Strategy My scenario is built on the idea of one final corrective dip before the potential bullish resolution of this triangle. I'm looking for the price to pull back from the current levels and make a move down to test the Triangle Support Line. Therefore, the strategy is to watch for this bounce, which should then lead to a breakout above the 1.1740 Resistance. A confirmed break would validate the long scenario, with the primary target for the subsequent upward expansion set at 1.1840 points. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
8
WLFI Token Faces Key PRZ – Will the Downtrend End Soon?The World Liberty Financial project with the WLFI token ( BINANCE:WLFIUSDT ) continued its downtrend as I expected in yesterday's idea . The question is, when will this downtrend of the WLFI token end? The WLFI token is currently moving near the Potential Reversal Zone(PRZ) , Cumulative Long Liquidation Leverage($0.1576-$0.1500) , and the round number of $1,500 . In terms of Elliott wave theory , the WLFI token seems to be completing the main wave 3 . The main wave 3 could complete at the PRZ and the lower line of the descending channel (possible). I expect the WLFI token to rise to at least $0.1816(First Target ) in the coming hours. Second Target: Upper line of descending channel Cumulative Short Liquidation Leverage: $0.1905-$0.1845 Stop Loss(SL): $0.1487 Please respect each other's ideas and express them politely if you agree or disagree. World Liberty Financial Analyze (WLFIUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BINANCE:WLFIUSDTLong
by pejman_zwin
12
HYPEUSDT → Upward consolidation. One step away from a rally BINANCE:HYPEUSDT.P continues to consolidate while maintaining an ascending triangle structure. Any bullish driver, even a weak one, could trigger a breakout of resistance and distribution with an ATH update... Against the backdrop of weak Bitcoin and falling altcoins, HYPE looks positive. The market is holding an upward support line and a bullish trend, and the update of the local maximum as a manifestation of bullish strength is a positive sign. The price is changing the local market structure to bullish and is ready to continue growing after a correction. Focus on the 46.15 and 45.5 - 45.08 areas. A false breakdown and closing above the level will confirm the readiness to continue growing. Resistance levels: 47.78, 49.54 Support levels: 46.15, 45.08, 44.45 As part of the correction, the price may test the specified areas of liquidity and interest, which may provoke a change in the market imbalance in favor of buyers. If, after a false breakdown of key areas, the bulls keep the price above, then in the short and medium term, we can expect continued growth. Sincerely, R. Linda!
Long
by RLinda
5
TAO 4H Analysis - Key Triggers Ahead💀 Hey , how's it going ? Come over here — Satoshi got something for you! ⏰ We’re analyzing TAO on the 4-Hour timeframe. 👀 On the 4-hour timeframe for Bittensor (TAO), we can see that this coin belongs to the AI category on CoinMarketCap and currently holds rank #35. TAO had been moving inside a continuation descending channel, but it has now successfully broken out of this channel. With a completed pullback and a proper setup candle confirmation in multi-timeframe analysis, this could present a trade opportunity. ⚙️ Key RSI levels for this coin are at 70 (overbought threshold) and 35 (near oversold). At the start of the current leg, during the holiday session, volatility increased strongly, and TAO managed to break through its swing resistances. If RSI pushes above 70 and enters the overbought zone, the coin could experience a solid bullish move. 🕯 The number of green candles has been increasing, and TAO also reacted well to the channel top. At the same time, a major resistance at $322 was broken, with all sell orders at that level fully absorbed. 🪙 Looking at the TAO/BTC pair on the 4-hour timeframe, we can see that after breaking through its previous resistance, the pair is currently consolidating and completing a pullback at this zone. Once the pullback is confirmed with a setup candle, we could have a strong trade confirmation. 💡 The key alarm zones for this coin are: Around $322, where a reaction followed by a bounce can push the price higher. With a successful breakout above $327, TAO could gain momentum and continue its bullish trend. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Long
by CryptosWinter
BTCUSD Short: Dump Of Supply ZoneHello, traders! The price auction for BTC has been operating within a large ascending channel, a structure defined by key pivot points that have established the 109500 demand area as support and the 113200 supply area as resistance. This bullish framework has guided the price through a series of higher highs and higher lows, confirming the buyer's initiative and the strength of the current uptrend. Currently, the auction is at a critical inflection point at the top of this channel. The price has rallied to directly test the channel's ascending supply line, which forms a confluence of resistance with the horizontal 113200 - 113600 supply zone. This is a key area where sellers are expected to become active and challenge the prevailing bullish momentum. The primary scenario anticipates a corrective move from these highs. The expectation is that sellers will defend the supply zone and reject the price, initiating a downward rotation back towards the channel's support line. A failure to break out higher would confirm a short-term correction is underway. The take-profit for this rotational play is therefore set at 110100 points, targeting a key liquidity area above the primary demand zone. Manage your risk!
BINANCE:BTCUSDShort
by heniitrading
10
Euro will rebound from seller zone and then start to fallHello traders, I want share with you my opinion about Euro. The price action for the Euro has been methodically developing within the confines of a large upward channel for several weeks, creating a clear structure of higher highs and higher lows. This pattern has been anchored by the major buyer zone near the 1.1580 support level and capped by a dynamic resistance line. The market has just completed a full upward rotation within this structure and is now at a critical inflection point. Currently, the price of EUR is directly testing the upper boundary of the channel, which forms a powerful confluence of resistance with the horizontal seller zone located at the 1.1720 - 1.1740 area. The primary working hypothesis is a short, rotational scenario, based on the expectation that sellers will successfully defend this significant resistance confluence. A confirmed rejection from this seller zone would validate the integrity of the upward channel and likely initiate a new corrective swing to the downside. This move would first need to break the current support Level at 1.1720. Therefore, the TP for this scenario is logically placed at 1.16150, a target that aligns perfectly with the ascending support line of the channel and represents the most probable objective for this bearish rotation. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
21
U.S. Dollar Index (DXY) Outlook | Gold (XAU/USD) Correlation📈 U.S. Dollar Index (DXY) at Key Support | 🪙 Gold at Record Highs 🔎 Quick Summary: • DXY holding 97.70 support inside a descending channel. • A rebound could push it back toward 98.25 – 98.50. • Meanwhile, Gold is sitting near $3,600/oz, at all-time highs, fueled by safe-haven demand and central bank buying. • The DXY’s next move will help decide if Gold keeps climbing or pauses. ⸻ 💵 U.S. Dollar Index (DXY) Outlook On the 4H chart, the Dollar Index remains inside a descending channel. It has been forming lower highs and lower lows, yet the 97.70 level has repeatedly held as strong support. • 🔹 Buyers are defending this zone, showing demand. • 🔹 A rebound could take price back to the 98.25 – 98.50 supply zone. • 🔹 A breakout above 98.50 would be significant, opening room toward 99.00+. This makes the 97.70 region a critical turning point for DXY. ⸻ 🪙 Gold (XAU/USD) Context Gold is trading at record highs around $3,600/oz 🚀 — a level never seen before. • 🌍 Central banks continue to accumulate gold aggressively. • 🏦 Expectations of Fed rate cuts reduce the opportunity cost of holding gold. • ⚖️ Persistent economic and geopolitical uncertainty is fueling safe-haven demand. Correlation with DXY: • 📉 If the Dollar rebounds, Gold could slow down or consolidate after its massive rally. • 📈 If the Dollar breaks below support, Gold could see further upside, possibly testing higher targets near $3,700/oz and beyond. ⸻ 📊 Conclusion The Dollar Index is sitting at make-or-break support. A bounce would show Dollar strength and may cool off Gold’s rally. But if DXY weakens further, Gold could extend its surge into new record territory. At this point, Gold remains the undisputed leader in the market, with DXY’s next move likely deciding how fast momentum continues. ⸻ ⚡ Summary in one line: 💵 DXY at critical support — 🪙 Gold shining at record highs, waiting for the Dollar’s next move.
TVC:DXYLong
by KhaleelSuliman
BITCOIN → Sale on positive news? What to expect? 100K or 130K?BINANCE:BTCUSDT.P unsuccessfully ended another attempt to break through the 112K-113K zone. The positive background (NFP) did not affect the price, and a bearish setup formed on D1... D1 is forming a pin-bar relative to the strong resistance zone of 112K - 113K, positive news is quickly sold off, and the price, rebounding from the resistance of the trading range, closes near the bearish trigger of 110500. Bitcoin looks quite uncertain as it faces selling pressure in the 112K-113K zone. The price cannot consolidate above this area despite the previously broken correction resistance. There is logic in this maneuver... The market is betting on a more than 90% chance of interest rate cuts, and by that point, the price of Bitcoin may fall to the maximum permissible limits before further growth. Areas of interest may be 107K - 105K - 100K Resistance levels: 111.9K, 113.3K, 117K Support levels: 110.5K, 107.4K, 105.0K A breakdown of the 110.5K support could trigger further sell-offs towards the support of the key trading range. Within the current downward cycle, the price may well test 105,000, which is a fairly strong liquidity zone. The fundamental background is positive, and the current sell-off may be manipulative movement before the emergence of a bullish driver... Best regards, R. Linda!
Short
by RLinda
20
Channel Still Intact – Bears in ControlOANDA:NZDUSD Looking at the chart, price is locked inside a textbook descending channel — clean lower highs, lower lows, and clear respect for both boundaries. Right now, price is retesting the upper edge of that channel. Historically, sellers have defended this zone multiple times, and the structure hints we may see another rejection here. If that happens, the short setup is straightforward: target the lower boundary near 0.577XX. The trend remains bearish, and in channels like this, going with the flow beats fighting it. Until bulls break this channel convincingly, the bears are in control. Do you see it the same way? Drop your thoughts below Not financial advice — just sharing my chart view. Trade safe!
Short
by Kenn_Nguyen
8
XAUUSD: The Correction Phase BeginsHello everyone, here is my breakdown of the current Gold setup. Market Analysis From a broader perspective, the price of Gold has been in a strong uptrend since breaking out of a prior Downward Channel. This entire bullish phase has been developing within the confines of a large broadening wedge, a pattern that indicates expanding volatility as price makes higher highs and higher lows. Currently, the price is at a critical point, testing the Broadening Resistance Line at the very top of this wedge. This test comes after a very strong and steep upward impulse, which often suggests that a trend might be overextended and due for a correction. My Scenario & Strategy My scenario is a tactical short, based on the idea that this strong rally is due for a healthy pullback. Trends rarely move in a straight line forever, and the resistance line of this multi-week wedge is a high-probability area for sellers to step in. I'm looking for the price to make one final, small push higher and then show a clear sign of rejection. The primary target for this corrective fall is 3500 points. As you noted, this is an intermediate target, not the major Support 1, making it a logical first objective for a pullback. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDShort
by Ratner
5
Gold will continue to grow inside upward channelHello traders, I want share with you my opinion about Gold. The market context for Gold has been firmly bullish since the price broke out of its prior consolidation range, a move that originated from the deep buyer zone. This breakout shifted the market structure, initiating a new impulsive phase that has since been neatly contained within a well-defined upward channel. The price action for XAU has been respecting the boundaries of this channel, creating a clear sequence of higher highs and higher lows. Currently, after being rejected from the channel's upper resistance line, the asset is undergoing a healthy correction movement. This pull-back is guiding the price back towards a significant confluence of support, where the ascending support line of the channel converges with the horizontal support zone near the 3485 current support level. The primary working hypothesis is a long scenario, based on the expectation that buyers will defend this area and maintain the integrity of the uptrend. A confirmed bounce from this dynamic support would signal the end of the correction and the resumption of the primary bullish trend. Therefore, the TP is logically placed at 3610 points, representing a new structural high and a measured objective for the next impulsive wave. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
32
SOLUSDT → Stronger than the market. Correction before growthBINANCE:SOLUSDT updated its maximum to 218 and entered another phase of correction for consolidation. The altcoin looks quite strong against the backdrop of the rest of the cryptocurrency market... Bitcoin continues its aggressive decline after yesterday's trap (false breakout of the trend line). Despite relatively positive fundamental and technical developments, the cryptocurrency market is in the red. Against this backdrop, SOL stands out as a strong altcoin compared to Bitcoin, which has been falling for two weeks. SOL updated its maximum and entered a correction phase. Within the current structure, the price may test the liquidity zone of 202.5 - 195.3 before continuing to grow to 220 - 240. The reaction to false breakouts of local highs is weak, there is no reversal, and the nature of the current structure is “consolidation.” If the bulls keep the price above 200 during the correction, the further outlook will be positive. Resistance levels: 216.5, 220, 244 Support levels: 202.5, 198.0, 195.3 Focus on the current correction. We need to wait for a slowdown and the end of the structure. Focus on the specified support zones, from which the market may resume bullish trading, which in turn may lead to a breakout of intermediate resistance and growth to the specified targets. Best regards, R. Linda!
Long
by RLinda
10