GOLD → Consolidation. 4269 - trigger. Chances for growth?Gold is consolidating due to uncertainty. On Friday, the market broke its local structure, which slightly changed sentiment. Focus on current consolidation.
Key drivers of the week: Trump's threat to impose 100% tariffs on Chinese imports and China's response supported demand for safe havens. Problems with regional banks (Zions, Western Alliance) and the fall in Treasury bond yields below 4% increased the inflow into gold. Powell maintained a neutral tone, but markets are expecting two rate cuts in 2024.
All eyes are on inflation data, US-China negotiations, developments between Russia, the US, and China; any de-escalation of the situation could trigger a correction.
Technically, the upward trend in gold remains relevant. Corrections will be bought up as long as uncertainty surrounding trade policy, the banking sector, and the Fed's monetary policy persists.
Resistance levels: 4269, 4316
Support levels: 4251, 4218
At the moment, a pre-breakout base is forming around 4269. If the structure remains intact and the price continues to attack resistance, the chances of a breakout and growth will be high. Otherwise, a close below 4251 could trigger a retest of 4218.
Best regards, R. Linda!
Triangle
BITCOIN → Trend reversal. Is there a chance for growth?BINANCE:BTCUSDT.P is breaking the trend and local market structure, forming a rally. Giving hope to buyers, we see a strong reaction from the Asian session. Are the bulls returning?
The fundamental background is unstable; if Trump continues to escalate the trade war, the cryptocurrency market may close within the range. However, technically, we have positive signs of a bull market. BTC is breaking through the resistance level of 107,350 and entering a rally, which only confirms the change in trend and the breakdown of the structure. Since the Asian session, the price has strengthened by 3%, and a retest of the nearest strong resistance at 112K-113.6K could lead to a pullback before growth.
Globally, there is bearish pressure, but if the bulls can hold their defense above 110K, then in the medium term, the market will be able to fight for the 115K-120K zone.
Resistance levels: 111960, 113600, 115730
Support levels: 109700, 109200
In the short term, I expect a false breakout of the specified resistance and a correction of 1/2 of the local impulse, i.e., a retest of the 110K - 109200 support zone, which, in turn, could lead to another bullish run to 115K - 120K.
Best regards, R. Linda!
Euro will likely Continue its Decline to 1.1560 pointsHello traders, I want share with you my opinion about Euro. The market for the Euro has seen a significant shift in its structure, following a 'fake breakout' above the 1.1780 Resistance Level which led to a new ATH near 1.1920. This reversal initiated a new bearish phase, with the price action for EURUSD now being contained within a downward wedge. Currently, after finding support near the bottom of this formation, the asset is in a corrective rally, approaching the descending resistance line of the wedge. In my mind, this rally is a corrective move that will fail upon testing the wedge's resistance. I expect that the price will complete its small upward movement and be rejected from this dynamic resistance. I think this rejection will confirm that sellers remain in control and will trigger the next major decline. Therefore, I have placed my TP at the 1.1560 level, targeting the major buyer zone at the bottom of the structure. Please share this idea with your friends and click Boost 🚀
Bitcoin Correction Continues: Buyers’ Last Stand at 106KHello, traders, I want share with you my opinion about Bitcoin. After a strong bullish impulse, BTCUSDT reached a local high and entered a consolidation phase, forming a clear range. The subsequent breakout to the downside signaled the start of the current corrective phase. At the moment, the price is moving within a descending structure, defined by a resistance line from recent lower highs and a support line connecting local lows. The market recently retested the previous Support Level (now acting as resistance) near 109,000 and is showing bearish pressure again. Currently, the price is trading near the Buyer Zone (106,000–107,000), which previously served as a strong demand area. I expect the market to test this zone once again, where buyer reactions will determine the next move. I think that BTC will consolidate between the Buyer Zone and Resistance Line, forming a potential accumulation before any decisive breakout. If buyers manage to defend 106,000, we could see a rebound toward the 110,000–112,000 region. However, a confirmed breakout below the Buyer Zone would open the path to TP1 = 106,300 and possibly extend the correction lower. Please share this idea with your friends and click Boost 🚀
AUDUSD Descending triangle breakout bullish move 📉 AUD/USD Technical Setup (1H Timeframe)
The pair has broken out of a descending triangle pattern 🔺 showing strong bullish momentum from the 0.6490 level 💪
🎯 Upside Targets:
1️⃣ 0.6520
2️⃣ 0.6570
3️⃣ 0.6600
Momentum remains bulls-in-control as long as price holds above 0.6490 support zone ⚡
💡 Watching for continuation moves toward upper resistance levels if buying pressure sustains.
#AUDUSD #Forex #PriceAction #TechnicalAnalysis #TradingSetup 💹
XRP Wave (2) CompleteCRYPTOCAP:XRP wave (2) appears complete after last Fridays flash crash at the 0.382 Fibonacci retracement and weekly pivot point.
RSI is crossed bearish and has room to fall into oversold with no bullish divergence. Bearish divergence marked the short-term top.
Price is expected to dip into the wick before moving up in wave 3 into price discovery with an initial target of $5.7
It should still be noted that XRPs move up was from a multiyear triangle which is a terminal pattern. Prices are expected to hit the bottom of the triangle at $0.3 but take this with a pinch of salt.
Safe trading
Amazon.com Limps Toward EarningsAmazon.com fell on its last earnings report and has continued to struggle as more numbers approach.
The first pattern on today’s chart is the bearish gap on August 1 after weak profit guidance overshadowed strong backward-looking numbers. The ecommerce giant rebounded from the decline but couldn’t hold the gains, which may reflect weakening fundamentals.
Second, AMZN had a weekly close of $228.15 on September 12. It peaked at the same level on October 9 and 10. Has old support become new resistance? The shares also stalled near their 50-day simple moving average (SMA), a potential sign of intermediate-term weakening.
Third is the August 4 close of $211.65. Closing below that line may be viewed as the start of a breakdown. AMZN also closed under its 200-day SMA for the first time since May 9.
Fourth, last week featured a potentially bearish descending triangle. You also have MACD falling and the 8-day exponential moving average (EMA) below the 21-day EMA. All of those signals may be viewed bearishly in the short term.
Finally, AMZN is an active underlier in the options market. That could help traders take positions with calls and puts.
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SUI Triangle macro outlookCRYPTOCAP:SUI structure, after a failed all time high, now appears to be a macro triangle in wave (4), also characterised by the long drawn out range. Wave D is underway to the triangle upper boundary with wave E expected to complete around the weekly pivot point, $3.17.
Wave (5) has a minimum target of the R5 weekly pivot at $15.8, at the 2 Fibonacci extension.
Falling below $1.7, wave A, invalidates the analysis and suggests we have much lower to go in a bear market.
Weekly RSI is bearish with lower to go but hidden bullish divergence has formed, a good raly will confirm.
SUI i holding up better than most with shallower retracements overall.
Safe trading
MEPA - real action - risky but may achieved new levels EGX:MEPA timeframe 1 day
formatted a triangle pattern and may going to format a bearish pattern
so what we have here is , may a chance for new trend spicily all index ( EGX30 and EGX70 ) achieved higher heigh.
anywhere we don't invest by emotions or expectations , just reflect to stock and market actions
Current entry level: 1.25 (price closed at 1.24).
Stop loss: 1.17 (last bottom, potential loss: 7%).
First target: 1.45 (hard resistance, potential profit: 15%).
Second target: 1.56 (very hard resistance, potential profit: 23%).
Third target: 1.67 (triangle target, potential profit: 33%).
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck
GOLD → The correction forms a trading range. Growth?FX:XAUUSD is adjusting to $4250 after retesting the all-time high of 4380. Short-term pressure is linked to hopes for an easing of the trade war between the US and China, but the bullish trend remains intact.
Key factors: Bentsen's meeting with the Chinese Vice Premier this week has revived optimism for a deal. The reduction in trade risks is temporarily supporting the USD. Hassett's statements about the imminent resumption of government work have reinforced risk-on sentiment.
Support for gold: The threat of tariffs rising to 155% from November 1 reminds us of the risks. Two rate cuts before the end of the year remain in focus. Friday's inflation data release and US corporate earnings reports are keeping demand for hedging alive.
Accordingly, the correction in gold is a temporary pause. The uptrend will remain unchanged as long as macro uncertainty persists.
Support levels: 4250, 4218
Resistance levels: 4278, 4316
Within the bullish trend, the price is forming a trading range. A retest of support could end in a recovery, with the fundamental background favoring the bulls. A retest of 4245 could trigger growth, as could a breakout of 4278 (closing above resistance).
Best regards, R. Linda!
USDJPY Could Turn Bearish on Daily TimeframeToday I have a slightly different trade idea for you. USDJPY has been rising following Takaichi’s appointment as prime minister. She favors a loose fiscal policy, which can be risky for a country with the highest debt-to-GDP ratio among major economies. However, once the market finishes pricing in the new leadership, attention is likely to shift back to the Bank of Japan, which is expected to continue hiking rates while the Fed is cutting. This setup could create a bearish trend for USDJPY.
If reports about Katayama becoming finance minister are true, that would further support the bearish case. Katayama views 120–130 USDJPY as fair value for the yen and advocates for a stronger currency. Despite preferring a looser fiscal stance, Takaichi also aims to ease inflationary pressure on households, and a stronger yen would help achieve that.
From a technical perspective, USDJPY charts also point to a possible downward shift. The triangle formation is being tested on the upside, marking the fifth wave within the pattern. If the price turns lower from here, the likelihood of a downside breakout would increase.
With that in mind, my plan is to enter a short position just above 152, with three take-profit targets at 146.20, 135.20, and 128.60, closing 33 percent of the position at each level. While managing the trade, I plan to take down the stop-loss gradually if the position moves in my favor.
USDCAD → Attempt to break through resistance to continue growth FX:USDCAD is attempting to break through consolidation resistance within an uptrend. Growth in the dollar index may support the current trend.
The dollar is rising. The currency pair is consolidating ahead of resistance at 1.40600, against which it is attempting to break through in order to continue growing.
The growth may continue if the current fundamental background remains unchanged. Consolidation may support further growth. A breakout and closing above 1.4060 will confirm the bullish sentiment and, in turn, may trigger a distribution to 1.411 - 1.415.
Resistance levels: 1.4060
Support levels: 1.4028, 1.4005
The trend is bullish, with virtually no pullback after the growth, only consolidation, which is technically a positive sign. A breakout of the specified consolidation resistance could trigger distribution to areas of interest.
Best regards, R. Linda!
NZDUSD: Time to Fall! 🇳🇿🇺🇸
NZDUSD may drop lower significantly, following a confirmed breakout
of a support line of a symmetrical triangle pattern.
With a high probability, the price will reach 0.569 level soon.
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AAVE Macro changed... Another huge triangle?EURONEXT:AAVE macro has changed with the recent price action. We appear to printing a multi-year macro triangle in wave B, with wave (C) now complete on last weeks wipeout.
Price touched the S1 pivot and High Volume Node support just above the golden pocket.
Weekly RSi still has room to fall with no bullish divergence yet. The next longer term target will be the pivot point and the top of the first wave of wave D, $260, followed by the triangle upper boundary at ~$340. Breaking out of the triangle has a first target of the all time high at $670. Not what AAVE investors want to see but still a x3 from here.
Price is above the weekly 200EMA but only just.
Analysis is invalidated if we fall below wave (A), $102 and will liley see a slow death to $45 if this happens.
Safe trading
ES - Triangle Pattern - Plan for rest of OctoberSince last Friday's sell off based off Trump's tariff announcement on China, the price has been chopping in the range set by last Friday's high and low. The price has since made Lower Highs and Higher Lows driven by easing of Trump's sentiment towards China and Powell's dovish comments.
Next two weeks bring more volatility, with Tesla and Netflix reporting their earnings next week followed by the CPI report on Friday. The triangular pattern seems to converge on the 29th October which coincides with Fed's rate cut decision. To add to the fire, we have Big Tech earnings coming up as well starting 29th.
Additionally, the last day of the month is falling on a Friday, and since August 2024, when that happened, ES ended the day positive on 4 out of 6 occasions (August 2024, Nov 2024, Feb 2025 and May 2025). In 3 of these 4 occasions, ES ended up gaining over 50 points in the second half of the day, with Feb 2025 witnessing over 100 point gain in the last 2 hours.
The price could remain in this triangle and induce fake-outs leading up to the Fed meeting post which the upside and downside targets are as follows:
Upside: 6806, 6871 and 6908
Downside: 6540, 6488 and 6445
Hope this helps!
SVT Long - Buy now or DCA to stop loss levelSVT Long - Buy now or DCA to stop loss level
Long term uptrend
Consecutive higher lows, also resembling ascending triangle
Price reacting to old high with bullish engulfing candle
Dividend paying
4 TPs at converging highs and fib levels, and fib extension levels.
Gold Price Forming Bullish Triangle – Breakout Targeting 11% UpsPattern: The chart shows a Bullish Symmetrical Triangle (ABCDE structure) after a 5-wave rally.
Wave Count: Labeled as A–B–C–D–E consolidation within converging trendlines.
Current Position: Price is near point E, suggesting the triangle is close to completion.
Projection: A bullish breakout is expected after wave E.
Target:
Price: ~3,826.68 USD
Gain: +406.19 points (+11.88%)
Timeframe: ~29 days remaining (projection into September).
Volume: Moderate (~15.74K) during consolidation.
Technical Context:
Left inset shows a Bull Market triangle breakout schematic, indicating this setup aligns with a bullish continuation pattern.
The April correction (-11.9%) reset the trend, followed by the ongoing consolidation.
📌 Conclusion: Gold is forming a bullish continuation triangle and may rally ~11% toward 3,826 if the breakout occurs within the projected timeframe (about a month).
BTCUSD: Pivot from Support level and Rally to $116KHello everyone, here is my breakdown of the current Bitcoin setup.
Market Analysis
From a broader perspective, after a powerful rally to a new All-Time High around 126000, the market for Bitcoin has entered a significant and complex corrective phase. This entire correction has been developing within the confines of a large triangle pattern, with price coiling between major support and resistance.
Currently, the price has rotated down and is now at a critical inflection point, testing the ascending support line of this multi-week triangle. This area also aligns with the major horizontal Support around the 110500 level, creating a strong confluence of support.
My Scenario & Strategy
I see this test of the Triangle Support Line as a logical point for buyers to step in and defend the structure, just as they have done at previous lows within this pattern.
I'm looking for the price to make one final small corrective dip into this support area. The key signal for me would be a confirmed and strong bounce from this level, which would indicate that the selling pressure is exhausted and a new rotation to the upside is beginning.
The primary target for this rotational move is 116000, a key level of prior price action inside the triangle.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
GOLD → Positive backdrop. Consolidation before growth?FX:XAUUSD is consolidating after a shake-down in the Asian and Pacific sessions. The price hit a new low of 4278, but bulls are aggressively buying up two liquidations (manipulation?). The metal is preparing for its ninth consecutive week in positive territory, with an 8% increase over the week.
Key drivers: Fed members confirmed their readiness to cut rates in October and pointed to risks for the labor market. The situation with the trade war between China and the US is still tense.
However, negotiations between the presidents of three countries on the conflict in Eastern Europe have raised hopes for de-escalation, which has temporarily reduced demand for defensive assets. The shutdown continues, which supports the price of gold.
The correction in gold is a temporary pause, and any decline will be used for purchases.
Technically, the focus is on the global trading range of 4280-4380, with consolidation within 4350-4330. A breakout of the accumulation zone could trigger a move in the direction of the breakout
Resistance levels: 4350, 4380
Support levels: 4320, 4300, 4280
Technically, before rising, the price may test the liquidity zone located below the specified support zones. However, it is also worth watching the 4350 trigger—a breakout of resistance and a close above this level could trigger continued growth within the current bullish trend.
Best regards, R. Linda!
GBPCAD → The hunt for liquidity ahead of growthFX:GBPCAD , after breaking through the resistance of the ascending triangle consolidation pattern and updating its high to 1.8915, is forming a correction to retest the zone of interest before continuing its growth
The British pound is forming an uptrend, which supports the price of the currency pair.
The currency pair is forming a breakout of resistance. After updating the maximum, the price is rolling back to retest the previously broken consolidation border. Liquidity capture relative to 1.8825 - 1.8807 could lead to a shift in the imbalance towards buyers and provoke continued growth.
Resistance levels: 1.8915
Support levels: 1.8825, 1.8808
If, during the retest of support, the bulls keep the price above this zone, then the chances of a reversal and growth will be high. 1.8915 - 1.900 can be considered as a potential target.
Best regards, R. Linda!
GOLD → The aggressive trend continues. Focus on 4240FX:XAUUSD continues to break records, testing the $4,240 level amid a weakening dollar and sustained demand for safe-haven assets. The risks of a correction are growing as economic news releases approach.
Key supporting factors: Statements by US officials about China's “seizure of supply chains” and retaliatory measures are keeping markets on edge. US shutdown: The government shutdown is costing the economy $15 billion a week, increasing uncertainty. The probability of a rate cut in October and December is ~95%, which is putting pressure on the dollar. However, statements by Fed officials may adjust market expectations.
The bullish trend for gold remains unchanged. Any corrections will be seen as a buying opportunity. Key benchmarks are the development of the trade conflict and negotiations on the resumption of the US government.
Support levels: 4212, 4203
Resistance levels: 4234, 4235, 4250
Within the uptrend, it is worth waiting for a correction to support in order to open positions more profitably. There are no reasons for a trend reversal, and the fundamental background is bullish. We expect a retest of support before growth. However, a breakout of the 4234-4239 zone could trigger further growth!
Best regards, R. Linda!