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Zigzag

GOLD → Gold within the trading range...FX:XAUUSD is consolidating amid a pullback in the dollar and in anticipation of stronger key data as a driver for movement. Focus on the current trading range On Friday, before the close of the session, the market formed a short squeeze, a strange volatility without news. It is important to monitor the Asian and European sessions and price behavior within the current trading range. Earlier, we saw the dollar rise along with gold, indicating the strength of the metal and interest from the bulls. Let's assume that this situation has not yet run its course. In that case, after Friday's short squeeze, I expect MM to test liquidity in the 3985-3964 zone before a possible attempt to grow. Support from the upward channel may also affect the price. I still consider 4030 to be an important resistance level. If the bulls manage to break this barrier and keep the price above this level, gold will be able to end its correction and move into a growth phase. Otherwise, the market will tend to break out of the current consolidation downwards... Resistance levels: 4020, 4030 - 4050 Support levels: 3985, 3963, 3931 Technically, while the price is within the trading range, it is worth considering trading relative to its boundaries. The fundamental background during the weekend is difficult to assess, so we will need to watch the situation during the European session... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
DOGE → The hunt for liquidity before the fallBINANCE:DOGEUSDT rose sharply on Friday. The reason is local news related to ETFs and Musk's tweet (it still works :) ). The growth potential may quickly exhaust itself... The altcoin is strengthening, breaking resistance and consolidating between two important levels - 0.1763 and 0.188. The trend is bearish, the market is generally weak. I do not yet see any technical or fundamental potential for strong growth or a trend reversal. In the current situation, DOGE may test the resistance zone of 0.188 due to the liquidity pool formed as part of local consolidation in early November. However, this liquidity pool may become a resistance to growth, which in turn may provoke a reversal and a fall. Resistance levels: 0.188 Support levels: 0.1763 However, if the market does not allow the price to rise, it is worth watching the support level of 0.17635. Consolidation below this level will confirm the false breakout of the lower level and may trigger a decline. Best regards, R. Linda!
Short
by RLinda
9
GOLD → The battle for the $4,000 zone. Are the bulls here?FX:XAUUSD is gradually recovering. The price is breaking through $4,000 and trying to stay above the key psychological level. Focus on 4,030–4,050... Weak employment data, namely a sharp increase in layoffs in October, has heightened fears of an economic slowdown, a decline in government bond yields, and the ongoing correction of AI assets is fueling demand for safe havens. The probability of a Fed rate cut in December has risen to 69%. The situation is stabilizing somewhat, there is no strong news today, and the market may try to maintain the current backdrop... Gold retains its upside potential while macro risks remain. The $4000 level is currently acting as key support. Closing the week above this mark will open the way to test $4050. Resistance levels: 4030 - 4050 Support levels: 4000, 3975, 3956 The dollar and gold are rising, and the inverse correlation is decreasing, indicating that bulls are still trying to keep the market from falling sharply. However, given the lack of drivers, strong news, and a clear fundamental backdrop, I would say that gold is not yet ready to break out of its current range. Consolidation above 4K could lead to a retest of 4030-4050, which in turn could trigger a pullback to local support. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
7
USDJPY → Consolidation above key support. Growth?FX:USDJPY breaks the structure of downward resistance on the daily timeframe. A retest is forming as part of the correction, and bulls have every chance of growth... The dollar is in an uptrend, which generally supports the currency pair. Against this backdrop, the Japanese yen continues to weaken. USDJPY is testing the previously broken resistance of the trading range as part of the correction. However, the price was not allowed to fall and quickly returned to the long zone. Accordingly, support at 153.0 - 153.2 plays a key role. Consolidation above this level could trigger further growth to 153.8 - 156.0. Support levels: 153.23, 152.83 Resistance levels: 154.83, 156.0 The bullish trend may support the current movement, and a breakout of the trend resistance on D1 is a fairly strong sign of interest in growth against the backdrop of a strong dollar. Best regards, R. Linda!
Long
by RLinda
7
GOLD → The market is trying to buy back the decline...FX:XAUUSD continues to consolidate in the $4000 zone, failing to develop a rebound in the middle of the week. The price remains in a sideways trend for the eighth day in a row, waiting for a driver that will finally move the price forward... Reasons for market restraint: Strong US data: growth in ADP private employment, growth in the ISM services business activity index, lower odds of Fed easing, the probability of which has fallen to 62% for December... However, the ongoing government shutdown and the delay in employment and inflation data are supporting the metal... Gold is looking for new catalysts. A break above $4030-$4050 will require weak US data or an escalation of risks, which is not currently the case. Resistance levels: 4030, 4050 Support levels: 4000, 3967, 3955 As the specified resistance is reached, the potential for further growth may be exhausted, and in this case, a false breakout could lead to a correction to 4K. However, if support does not hold the decline, this phase could last much longer. I am not yet talking about further growth beyond 4050, as the fundamental background is weak and there has been no reaction to this zone yet, since the price is still far from the level... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
6
BITCOIN → The hunt for liquidity before the decline BINANCE:BTCUSDT is testing the 100K area and updating its local minimum to 98,900 as part of another liquidation. The market is weak, and bulls are trying to wait out the panic... Bitcoin looks weak. After a sharp decline, a pullback is forming, during which the price may test the break-even and interest zones — previously broken support areas. Buyers are not yet showing themselves in the market... There is an intermediate bottom at 98,900, as well as the upper limit of the local range at 105,200. The range of 105,200 - 107,200 - 108,200 is important because it hides a pool of liquidity for a downward movement. MM may reach these zones and bring the price back into the trading range. Resistance levels: 105,182, 107,271 Support levels: 101130, 98900 A retest of resistance at 105182 and the lack of potential for continued growth may confirm the fact of a false breakout, which in turn may provoke a fall to local targets. I do not rule out the possibility that the price may go even higher, for example, to 107270 - 108200. I do not see any point in waiting for a trend reversal yet... Best regards, R. Linda!
Short
by RLinda
9
EURJPY → Long squeeze before growth FX:EURJPY is forming a long squeeze and a false breakdown of support amid a sharp decline. The trend is bullish, and buyers may enter the game against the backdrop of a weak yen. The Japanese yen is falling, giving way to the euro, which is strengthening against this backdrop. EURJPY is forming a global uptrend, which may generally support price growth... The currency pair is returning to its trading range after a false breakdown of support. If the bulls hold their ground above 176.600, the price may form an upward momentum. Resistance levels: 176.6, 177.0, 177.34 Support levels: 176.37, 176. 3 The market is trying to buy back the sharp decline, and the price is returning to the long zone, forming a reversal pattern. If the bulls hold the price above the support of the trading range, the market will have a chance to grow. Best regards, R. Linda!
Long
by RLinda
7
ETHUSDT → Breakdown of the global trend. Distribution to 3360BINANCE:ETHUSDT is entering a distribution phase after breakdown of a consolidation formed against the backdrop of a bearish trend (correction). Sentiment, like the fundamental background, is changing... Bitcoin is falling, which is putting pressure on the market. The reasons are weak fundamentals, index correction, and the rise of the dollar (outflow of funds from the market). On the daily ETH timeframe, we see a break in the uptrend. Monday's candle closed below the trend line, and since the opening of the session, the price has rallied (panic???) Ethereum is coming out of consolidation (breakthrough of 3671). A distribution phase is forming, directed towards 3366 (liquidity pool). Technically, a false breakdown of support could trigger a pullback to 3600 (retest of the previously broken upward support line). Support levels: 3366, 3150, 3000 Resistance levels: 3600, 3670, 3916 Despite the breakdown of the trend structure, we have strong support ahead. If the bulls hold 3366, the market may form a wider trading range. But if the overall background does not change, the decline may continue after the correction... Best regards, R. Linda!
Short
by RLinda
6
GOLD XAU/USD: Wave ((1)) Near Completion - Wave 2 Zigzag vs Flat GOLD: WAVE ((1)) COMPLETE - WHAT'S NEXT? Wave ((1)) nearly finished at ~$3,989. Next: Wave ((2)) correction to the $4,250 area. But which pattern? ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ZIGZAG (60% Probability) Pattern: A-B-C (sharp, V-shaped) • Wave (A): Sharp 1-2-3-4-5 impulse • Wave (B): Brief recovery (~30-40% of wave A) • Wave (C): Sharp impulse (~equal to A or 1.618x A) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ FLAT (40% Probability) Pattern: A-B-C (sideways consolidation) • Wave (A): Moderate move • Wave (B): Recovery that reclaims wave A (~80-120% of A) • Wave (C): Normally sharp 1-2-3-4-5 impulse (~50-120% of A) If price retraces 100% of wave 1 (above $3,956) Structure INVALID MY BIAS: ZIGZAG Wave 1 was powerful → Sharp corrections follow Support: $3,956 (invalidation level) Resistance: $4,150 - $4,200 - $4,250 IMPORTANT ELLIOTT WAVE RULES FOR WAVE 2: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ✓ Wave 2 CANNOT retrace more than 100% of wave 1 (invalidation rule) ✓ Wave 2 CANNOT be a triangle (only B and (iv) can be triangles) ✓ Wave 2 CANNOT be a combination beginning with a zigzag (combinations only if starting with a flat) These rules help us eliminate possibilities and confirm structure.
ICMARKETS:XAUUSD
by EWaveInsights
GOLD → Consolidation is narrowing... Price is weakening FX:XAUUSD is trading near $4,000, consolidating after the Fed's statements and awaiting new macro data. The trading range has narrowed to $3,886–4,046, forming a symmetrical triangle (unpredictability) Fed caution: Powell ruled out guarantees of a rate cut in December, which supported the dollar and limited gold's growth. US shutdown: Could become the longest in history, causing economic concerns, but is expected to end this week. Weak data: ISM Manufacturing PMI (48.7) pointed to contraction in the sector, which is holding back the dollar's strengthening. This week, attention is focused on ADP and ISM Services — assessing the impact on Fed rates. NFP (if published) — a key benchmark for the labor market. Accordingly, gold is in wait-and-see mode. Clear signals from the data or the Fed will be needed to break out of the range. The $4000 level remains a psychological equilibrium point. Resistance levels: 4000, 4030, 4050 Support levels: 3956, 3915, 3900 At the moment, the price is far from the key consolidation boundaries, and the market is uncertain. In this case, we are considering trading within the channel. I expect to see a retest of the flat resistance or the triangle boundary and a rebound. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
18
GOLD → Consolidation within a symmetrical triangle The market is holding gold back from strong movement, forming short jumps from zone to zone within consolidation. We have a symmetrical triangle within an upward correction channel. Key supporting factors: The US shutdown is becoming the longest in history, increasing economic risks. China is canceling tax breaks for retailers. Trump may announce new tariffs related to China. ISM Manufacturing PMI data (US) is ahead - a rare indicator during the shutdown. The probability of a Fed rate cut in December has fallen to 69% (from 91.7% a week ago). Technically, consolidation may continue until the price breaks one of the boundaries of the symmetrical triangle. Support levels: 3990, 3956, 3915 Resistance levels: 4030, 4047, 4085 Traders are uncertain about the future direction, and as a result, the market is consolidating. There are limit levels both below and above that are holding back movement. Accordingly, until there is a clear fundamental background, it is possible to focus on trading within the channel. I expect a rebound from 3960 for a retest of resistance. However, a close above 4030 could trigger growth, while a close below 3956 would confirm the weakness of the market and trigger a fall to 3900. Best regards, R. Linda!
FX:XAUUSD
by RLinda
18
EURGBP → Breaking through resistance provokes distribution FX:EURGBP is updating its high as part of a rally triggered by a breakout of consolidation resistance amid a bullish trend The currency pair is in a phase of a confident uptrend (D1), with consolidation forming in the form of a bullish pattern, which generally indicates the strength of the buyer. After breaking through the resistance of the “ascending triangle” consolidation, the currency pair is updating its high to 0.8818 and forming a double top, which is provoking a correction. Before rising, the price may test support. Resistance levels: 0.8786, 0.8818 Support levels: 0.8752, 0.8721 The correction may bring the price to the break-even zone (breakout area). Liquidity capture will shift the imbalance towards buyers, which may trigger a continuation of the upward movement. Best regards, R. Linda!
Long
by RLinda
7
LINKUSDT → A trap? Grabbing liquidity before the fall...BINANCE:LINKUSDT is forming a correction after a bearish run. A false breakdown of support is triggering a correction before a possible continuation of the decline. The coin is testing the support of the trading range within the downtrend. The reaction to the false breakdown of support is a pullback to the zone of interest. After a strong downward distribution, a correction to the break-even zone is forming. A false breakout of resistance at 17.45 could trigger a continuation of the decline due to a weak market and a liquidity pool formed above 17.450, which is likely to stop the pullback on the bearish trend. Resistance levels: 17.450 Support levels: 16.53, 15.77 The downtrend may continue. A retest of resistance may end in a fall and an update of the local minimum, as well as reaching the zone of interest at 15.77. Best regards, R. Linda!
Short
by RLinda
1
GOLD → Consolidation. The fundamental backdrop is changing...FX:XAUUSD stabilizes after a week-long decline, failing to consolidate above $4050. The market is taking a pause before new impulses. Focus on 4030 and 3980... Investors are closing positions before the end of the week and month, the reason being the uncertainty surrounding the deal with China and Powell's less dovish stance on policy: a 25 bp rate cut is already priced in. The probability of a December cut has fallen to 72.8% (from 91.1% a week ago). Powell emphasized that decisions depend on data, which is not available due to the shutdown. The strong dollar (2-month highs) is putting pressure on gold. Weak data from China (PMI fell to 49.0) is reducing demand from the largest consumer. The balance is tipping towards weak fundamentals... Resistance levels: 4030, 4085 Support levels: 3982, 3955, 3915 Technically, bears are keeping the market below 4030 - strong resistance. If buyers enter the market (there are currently no fundamental reasons for this) and the bulls are able to break through 4030 and keep the price above this level, we will have a chance for growth. But under the current circumstances, I expect a correction to support before a possible rise. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
13
USDJPY → Attempt to break through trend resistance FX:USDJPY breaks through the resistance of the bullish pattern and attempts to remain in the long zone. There is a possibility of price growth against the backdrop of the dollar's rise following Powell's speech. The dollar is recovering after the Fed meeting, and against this backdrop, the Japanese yen is losing ground, breaking through resistance at 153.23. The currency pair is trying to capitalize on the chance for growth. The Japanese yen is forming a breakout of the resistance of a bullish pattern: an ascending triangle + consolidation on a bullish trend. If buyers keep the price above 153.23, the market will have a chance to grow to 154.7. Resistance levels: 153.23, 154.7 Support levels: 151.85, 152.37 On D1, the currency pair is trying to overcome the resistance of a multi-month downward correction. Locally, on H1, there is a breakout of the bullish pattern structure, which indicates interest from buyers. The chances of growth from 153 will appear if the price consolidates above the specified level. Best regards, R. Linda!
Long
by RLinda
7
GOLD → Price stuck in range after Fed speech FX:XAUUSD continues to battle for the $4,000 zone. The fundamental backdrop has a hint of unpredictability following the Fed's statement. Technically, the range of 3,915-4,015 is developing Key factors: US shutdown (4th week): Weighs on the economy and the dollar, supporting gold as a safe haven. However, the Fed toughened its tone yesterday: It cut rates by 25 basis points, but Powell ruled out guarantees for a cut in December. Trump and Xi meeting: Agreements reached on soybeans and rare earths, reducing demand for defensive assets. Gold balances between shutdown risks and monetary policy tightening. Growth is only possible if macro statistics deteriorate or geopolitics escalate. Resistance levels: 4015 - 4050 Support levels: 3980 - 3960 - 3915 Gold may continue its correction from the 4015 - 4050 zone to 3950 - 3900 if the bulls are unable to keep the price within the upper range. However, if the market continues to buy the metal (there are no fundamental reasons for this yet) and the price closes above 4015, there may be a chance for growth to 4050 - 4085. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
10
BCHUSDT → Consolidation ahead of news. Target 600?BINANCE:BCHUSDT.P is consolidating above key resistance. Consolidation is forming ahead of news. Are the bulls in play? Bitcoin is consolidating, trading above key support at 111650. News ahead, a positive outcome could support the market, including altcoins... As for BCHUSDT, the coin is breaking through the strong resistance zone of 549.15 as part of a bullish trend and is forming consolidation in the range of 549-570. A liquidity pool has formed below 549. There is a high probability of a long squeeze before growth. Resistance levels: 570, 600, 612 Support levels: 549.15, 533, 511.25 The market is bullish, which is clearly visible on the D1 timeframe. After a strong rally, the coin is entering a consolidation phase, which is forming above the previously broken resistance. A retest of support could trigger growth in the direction of the trend. Best regards, R. Linda!
Long
by RLinda
5
GOLD → The market is testing 4K ahead of the Fed's decision FX:XAUUSD is testing $4,000 ahead of the Fed's decision, partially recovering from a 3.5% drop this week. The fundamental backdrop is mixed, but technically, the signs of a bull market are positive. Key factors : Fed decision (today): A 25 bps rate cut is expected, but the main focus is on the vote count and Powell's comments. A dovish scenario (emphasis on risks to the labor market) will support gold. A hawkish surprise will reinforce the correction. Trump-Xi meeting (tomorrow): Statements about lowering tariffs weaken demand for defensive assets. Gold is in limbo; in the second half of the European session and the beginning of the US session, the market may enter a phase of stagnation. Growth is only likely if the Fed takes a soft tone, while progress in trade negotiations or a hawkish surprise from the Fed will prolong the correction. Resistance levels: 4015, 4050, 4085 Support levels: 3975, 3945, 3900 If the bulls can hold their ground above 4K, we will see strong support, in which case growth to 4050-4100 may be triggered. Otherwise, the market may form a correction to 3975-3945. It is worth keeping an eye on comments from Powell and Trump... Volatility will be high... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
GOLD → Sell-off due to uncertainty FX:XAUUSD is falling, the trend is downward, and we have confirmation of this. Profit-taking is leading to a decline, which is causing buyers to exit the market... Caution ahead of the Fed: Markets are pricing in a 25 bp rate cut, but the main thing is the tone of the statement and Powell's comments on further steps. The USD is not ready to continue its growth and is starting to look downwards. The US government shutdown continues, adding uncertainty, which supports gold. However, an important issue is the trade deal between the US and China; a positive outcome could put pressure on gold. Gold is balancing between hopes for a trade truce and risks from Fed policy. Support levels: 3895, 3820 Resistance levels: 3943, 3975, 4015 Since the opening of the session, the price has fallen by 2.3%, which is an intraday range. The 3900-3895 area may see a reaction in the form of a false breakdown and a correction to the imbalance zone before a possible further decline. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
25
AUDUSD → Attempt to reverse the trend to bullish FX:AUDUSD is forming a correction after breaking through the resistance of the downward channel. The market needs a trading range or consolidation above 0.6526. The dollar is consolidating but is not ready to continue growing. Pressure on the currency is emerging ahead of the Fed meeting. This may support the growth of the Australian dollar. The currency pair is entering a distribution phase after consolidation. The breakout of 0.6526 triggered a break of the downward channel resistance. An attempt to change the trend is forming. If the bulls keep the price above 0.6526, this could trigger further growth. Resistance levels: 0.6567, 0.661 Support levels: 0.6526, 0.6493 At the moment, an attempt to change the trend has been initiated. Consolidation and distribution are a good sign, but above the previously broken trend line, a trading range should form, which will confirm the fact of a change in the local trend. Best regards, R. Linda!
Long
by RLinda
8
DXY Approaching 98.900 — Weak Labor Market Could Push Fed DovishHey Traders, in today’s trading session we’re monitoring DXY for a potential selling opportunity around the 98.900 zone. The index continues to trade within a descending channel and is currently in a correction phase, approaching the upper boundary near 98.900, which aligns with channel resistance. Fundamentals: Recent data continues to show signs of a weakening U.S. labor market, with job growth slowing and unemployment ticking higher. This softening backdrop increases pressure on the Federal Reserve to adopt a more dovish stance in upcoming meetings, potentially weighing further on the dollar. Next move: Watching for bearish confirmations around the 98.900 zone — rejection here could resume the broader downtrend. 💬 What’s your outlook on the Fed’s next move? Drop your thoughts in the comments!
TVC:DXYShort
by JoeChampion
6
GOLD → A psychologically important level of $4,000 lies aheadFX:XAUUSD continues to correct, unable to consolidate above $4,100, with the 4K mark ahead. Pressure is intensifying due to hopes for a trade deal between the US and China, as well as profit-taking ahead of the Fed's decision on interest rates... Key factors: Progress in trade negotiations: the US has withdrawn the threat of 100% tariffs, and China may support the situation. Thursday's meeting between Trump and Xi Jinping increases the chances of a deal. Bets on two rate cuts in 2024 are almost fully priced in. US inflation (3% y/y) was lower than forecast (3.1%), but did not change expectations. The correction may continue if the positive backdrop for the trade deal remains. The Fed's decision on Wednesday will be a key catalyst. Technically, the 4K zone is ahead, and it is too early to talk about a break of this support, as we do not know how the market will react. However, at the moment, the price is in the range of 4000-4163, and from a technical analysis point of view, it is logical to consider a false breakdown and a pullback. Support levels: 4000, 3975, 3944 Resistance levels: 4060, 4090, 4163 As part of the decline, the market may test one of the specified zones: 4000, 3975, 3944. However, since a liquidity pool has formed below 4K, the reaction to the psychological support level may be aggressive. It is important to monitor the situation, as closing below 4K and consolidating below a strong level could trigger a further decline. Otherwise, if the bulls manage to hold their ground above 4K and bring the price back above 4050, the market may have a chance to grow. Best regards, R. Linda!
FX:XAUUSD
by RLinda
11
NZDUSD Eyes 0.57350 as Fed Turns Dovish! Hey Traders, In today’s trading session, we’re monitoring NZDUSD for a buying opportunity around the 0.57350 zone. The pair is trading in an uptrend and currently in a correction phase, approaching the 0.57350 support and resistance area, which aligns with the trend structure. On the fundamental side, the U.S. labor market continues to show signs of cooling, with recent comments from Fed officials acknowledging that the slowdown “needs to be reflected in policy decisions.” This softer tone ahead of this week’s FOMC meeting could reinforce a dovish stance and weigh on the U.S. Dollar, potentially providing support for NZDUSD upside. Trade safe, Joe
Long
by JoeChampion
5