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EURUSD - Distribution. Rally following a correction FX:EURUSD is entering a distribution phase following a prolonged consolidation. However, the market is forming a false maneuver to hunt for liquidity... The dollar is falling amid geopolitical developments, specifically a temporary de-escalation. However, the situation in the Middle East remains tense, and any misstep could cause the situation to escalate again. The currency pair is ending its consolidation and moving into a distribution phase after breaking through the consolidation resistance, leaving behind an imbalance zone that was partially closed during the correction. Key area of interest: 1.163. Support levels: 1.163, 1.1575 Resistance levels: 1.1795, 1.1828 A correction and a long squeeze of the key support zone could shift the balance of power toward buyers, which in turn could lead to an uptrend. Best Regards, R. Linda!
Long
by RLinda
32
GOLD - A retest of trend support ahead of a rally ICMARKETS:XAUUSD is forming a correction toward its trend support level ahead of two key events on Friday: the U.S. inflation report and U.S.-Iran peace talks in Pakistan U.S.-Iran talks: Optimism surrounding potential progress is keeping gold from falling. CPI: A sharp spike in inflation is expected due to the energy shock. If the data reinforces “hawkish” expectations regarding the Fed rate, gold will come under pressure. If the market attributes the rise in inflation to the one-off factor of the war, this could trigger buying interest. The key scenario for growth is if the market ignores the inflation spike and negotiations offer hope for de-escalation. Technically, the price is retesting the support level of the uptrend. A long squeeze in the liquidity zone could shift the balance of power toward buyers and trigger a rise to 4800–4860. Support levels: 4700, 4660 Resistance levels: 4800, 4857 The dollar is testing support, but the reaction is weakening. A decline in the index could support the gold price. The local trend for gold is bullish, but before a possible continuation of the trend, gold may retest the liquidity zone: 4700–4660. A long squeeze could bring the market back to its senses. Best regards, R. Linda!
ICMARKETS:XAUUSDLong
by RLinda
11
BITCOIN - 72K Retest: Are We Poised for Growth?BINANCE:BTCUSDT.P is rallying from $67,700 due to a local shift in the fundamental landscape in the Middle East. The flagship cryptocurrency is testing $72,000 The de-escalation of the conflict and the temporary pause have had a positive impact on the S&P 500 and Nasdaq indices, which in turn has affected the cryptocurrency market, making them more attractive amid falling oil prices and a weakening dollar Bitcoin is testing 72K; Tuesday’s session is closing fairly close to this level, and the price’s reluctance to decline signals potential upside momentum. If consolidation continues, this will be a positive sign for a possible breakout above 72K. A close above this level could trigger a rally toward 74K–75K Resistance levels: 72,000, 74,000 Support levels: 71,200, 70,250 However, it cannot be ruled out that the market may form a correction (due to liquidity) with the aim of closing the imbalance zone and testing the 70,253 support level before rising. Best regards, R. Linda!
Long
by RLinda
20
GOLD - Consolidation amid a bullish trend. Trigger at 4700 ICMARKETS:XAUUSD is consolidating above 4,600 as part of a local uptrend. The dollar is in a correction, and the market is picking up on subtle hints of potential negotiations regarding the Middle East... There are hints of potential negotiations; Trump may withdraw his ultimatum. If this is confirmed, the market may react positively. The dollar has been in a correction for two days, which is supporting the metal’s price. Focus on the local range of 4601–4700. Gold is retesting resistance (trigger) at 4700; the reaction is important to me. If there is no pullback and the market holds near this zone, a break above 4700 could trigger further growth toward 4800. Resistance levels: 4700, 4793, 4800 Support levels: 4650, 4600, 4555 Further growth depends on geopolitics. A retest of 4600 before a rally cannot be ruled out, as a large liquidity pool has formed below 4600 Best Regards, R. Linda!
ICMARKETS:XAUUSDLong
by RLinda
34
GBPUSD - The hunt for liquidity amid a downtrend FX:GBPUSD has been in a downtrend for three months. The strong dollar is putting pressure on the currency pair. The overall backdrop remains unchanged... The dollar is forming a local correction amid a bullish trend, while the British pound is testing liquidity zones. Earlier on the daily chart, the market broke through the upward support structure, indicating weakness in the pound. The currency pair has been in a downtrend since late January, and from a technical perspective, the market is heading toward the liquidity zone of 1.3139–1.3010. Locally, the focus is on the first trigger—resistance at 1.3260—where manipulation and the formation of a reversal pattern relative to this zone could trigger a drop toward the liquidity zone at 1.3174. Resistance levels: 1.3260, 1.3294, 1.3339 Support levels: 1.3236, 1.3174 However, if the dollar continues its correction, the pound will head toward a further zone of interest—the second trigger at 1.3294 (an imbalance zone)—with the aim of retesting before a decline. Against the backdrop of a downtrend, I give priority to short positions... Best regards, R. Linda!
Short
by RLinda
23
GOLD - Price within a range, retesting resistance...ICMARKETS:XAUUSD ended last week on a mixed note, with half of the sharp decline recovered. The fundamental backdrop is complex; technically, there are bearish indicators. On Friday, NFP data (+178K instead of -133K) and unemployment figures (4.3% instead of 4.4%) were released. The dollar closed the week on a generally positive note. Oil will continue to rise. Regarding economic data, it can be said that gold is under pressure. Geopolitics: The situation in the Middle East is not going according to Trump’s plan. The Strait of Hormuz remains closed, and oil prices are rising. There are hints of a closure of the Bab el-Mandeb Strait, which would only accelerate the rise in oil prices; this would lead to a rise in the dollar, higher inflation, and pressure on metals. Technically, gold could bounce off the nearest resistance zone to 4580–4550, but if the market maintains its local bullish trend, the price could test the 4842 zone of interest. However... Resistance levels: 4700, 4735, 4793 Support levels: 4580, 4555, 4479 However, the markets were closed for three days; during this time, much was said and done, which could generally impact the situation. There is a possibility of a gap opening, but we will need to monitor the Asian and European sessions. Best regards, R. Linda!
ICMARKETS:XAUUSD
by RLinda
15
BITCOIN - The hunt for liquidity ahead of a drop to 65000BINANCE:BTCUSDT.P is struggling to fulfill its role as a hedge asset. Consolidation continues amid a global bearish trend. The local market is seeking liquidity ahead of a decline. The global structure is strongly bearish. Consolidation is forming ahead of an anticipated distribution phase. Locally, the price is forming a rebound from 66,200 within the trading range, aiming to hunt for liquidity before a decline. The market is currently not interested in the 66,200 support level; a local ascending cascade of lows is forming, and this structure could support an upward move toward zones of interest. The liquidation on April 2 formed an imbalance zone, which Bitcoin may test before declining to 65K. Zones of interest: 67,535 – 67,884 Resistance levels: 67,500, 57,900, 68,600 Support levels: 66,200, 65,500 A short squeeze and consolidation below the key resistance zone could trigger a sell-off and a drop to 65K–64K Best regards, R. Linda!
Short
by RLinda
18
NZDUSD - A short squeeze amid a global downtrend FX:NZDUSD is forming a short squeeze as part of a counter-trend correction and is poised to decline within the broader bearish trend Despite the correction, the dollar remains in an uptrend. If the index bounces off support, this will intensify the currency pair’s decline... NZDUSD is forming a counter-trend correction against the backdrop of a long-term global trend. The price confirms the presence of resistance; the formation of a reversal setup and consolidation below 0.5769 could trigger a decline to 0.571–0.5658 Resistance levels: 0.5769, 0.5817 Support levels: 0.5711, 0.5658 Technically, NZDUSD appears weaker than other major currency pairs in the medium and long term. The global trend may put pressure on the price. Confirmation of a false breakout relative to the liquidity zone at 0.5769 could trigger a downward reversal. Best regards, R. Linda!
Short
by RLinda
6
GOLD - Trend Breakdown and countertrend correction ICMARKETS:XAUUSD made a sharp reversal and pullback from its two-week high of 4,800 and shifted to heavy selling following Trump’s tough remarks on Iran. The escalation continues. The dollar and oil are rising.... Trump continues to manipulate the situation, but not very successfully. Iran has rejected a request for a ceasefire, insisting on its own plans. The UAE is lobbying for a military operation to open the Strait of Hormuz through the UN Security Council → risk of conflict escalation. The dollar is strengthening as a global reserve currency. Expensive oil is fueling inflation expectations. The market is pricing in a Fed rate hike. The fundamental backdrop remains bearish for gold. Any rebound will likely be used as an opportunity to sell. The market is awaiting NFP data, but the main driver remains the development of the conflict Resistance levels: 4651, 4677, 4713 Support levels: 4553, 4529 Technically, a counter-trend correction is forming. If bears keep the price below the key resistance zone of 4677–4651, this could intensify the sell-off amid a rising dollar. Gold is under pressure. Zone of interest: 4530–4430 Best regards, R. Linda!
ICMARKETS:XAUUSDShort
by RLinda
13
BTCUSDT - Retest resistance before a drop to 65K BINANCE:BTCUSDT is consolidating amid a global downtrend (crypto winter). At the same time, the price is holding below the upward support line, indicating market weakness... Bitcoin looks relatively stable, but at the same time is in a bearish trend. A retest of the zone of interest could intensify the decline toward 65K–63K The attempt at growth ended in failure, and Bitcoin is forming another liquidation after a local bullish trend. Following a sharp decline, an imbalance zone has formed at 67,500–67,880. A retest of resistance is possible before a drop to 65K. Resistance levels: 67,545, 67,884, 68,600 Support levels: 66,200, 65,550 Technically, the price is testing the 66,200 support level and may form a correction toward the imbalance zone formed within the trading range. The 67,500–67,800 short squeeze may end with a reversal and a decline to 65K–63K Best regards, R. Linda!
Short
by RLinda
10
USDJPY Dip Buy as BOJ Outlook and Oil Shock Weaken Yen!Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around the 158.100 zone. USDJPY is trading in an uptrend and currently is in a correction phase in which price is approaching the trendline support around the 158.100 support and resistance area. From the macro side, the US Dollar remains broadly supported as markets hold a defensive tone ahead of this week’s US labor data, while hopes of a Middle East ceasefire are only partially easing safe-haven demand. Even with some yen recovery from the 160 area, the broader USD trend remains firm and continues to support upside in USDJPY. On the Japanese side, today’s BOJ Tankan survey showed stronger business sentiment and rising inflation expectations, but markets remain cautious because higher fuel costs from the oil shock continue to hurt Japan’s import-heavy economy. This keeps the policy divergence between the Fed and BOJ supportive for USDJPY dips, especially while price remains above the 158.100 demand zone. The main risk to the setup is Tokyo intervention rhetoric near 160, but unless officials take decisive action, the broader bullish structure remains intact and we anticipate continuation toward higher resistance levels.
Long
by JoeChampion
7
GOLD - Consolidation near the trigger. Uptrend and newsFX:XAUUSD is trading near key resistance at 4,735, finding support from a weaker dollar amid hopes for a de-escalation of the conflict in the Middle East Key factors: Trump did not anticipate this turn of events in the Middle East, shifting responsibility for the strait to NATO countries. Earlier this week, the president stated that he was ready to end the war even without opening the strait. A lot of economic news is expected today. ADP Employment Change – a reading below the forecast will increase pressure on the dollar and lower expectations for a Fed rate hike. The main event of the week: Nonfarm Payrolls (NFP) on Friday (Good Friday). Risk appetite has reduced demand for the dollar as a safe haven, which has supported gold. Gold is recouping its March losses amid a combination of geopolitical optimism and weak signals from the U.S. labor market. Holding above $4,700 will pave the way for further recovery Resistance levels: 4735, 4866 Support levels: 4683, 4600 The false breakout of resistance elicited virtually no reaction (drop). Gold is consolidating near this level. If, during this consolidation, the market manages to break through 4735 and close above that level, the market will have an opportunity to rally. Otherwise, a retest of 4600 is possible amid news-driven volatility. Best regards, R. Linda!
ICMARKETS:XAUUSDLong
by RLinda
15
XAUUSD Bullish at 4460 Ahead of NFP and Geopolitical Risks!Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around the 4,460 zone. Gold is trading in an overall uptrend and currently is in a correction phase in which price is approaching the trendline support around the 4,460 support and resistance area. From the macro side, gold remains fundamentally supported by ongoing geopolitical tensions in the Middle East, which continue to keep safe-haven demand active across the market. At the same time, extreme volatility in oil prices is increasing inflation uncertainty, which keeps investors cautious and supportive of long-term gold demand. Although the US Dollar is still trading near multi-month highs and Treasury yields remain elevated, gold’s recent pullback appears more corrective than structural. The move into the 4,460 demand zone aligns with dip-buying interest, especially as traders begin positioning ahead of this week’s high-impact US data releases, including ISM and Nonfarm Payrolls, which could quickly weaken the dollar if data misses expectations. As long as price holds above the 4,460 support zone, the broader bullish structure remains intact, and we anticipate a continuation move toward higher resistance levels as safe-haven flows and macro uncertainty continue to support the upside. Trade safe Joe
PEPPERSTONE:XAUUSDLong
by JoeChampion
31
EURUSD Sell at 1.14900 as Strong USD and Oil Shock Weigh on EuroHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around the 1.14900 zone. EURUSD is trading in a downtrend and currently is in a correction phase in which price is approaching the trendline resistance around the 1.14900 support and resistance area. From the macro side, the US Dollar remains strongly supported by safe-haven demand, posting its strongest monthly gain since July as Middle East tensions continue to fuel recession fears and keep investors positioned defensively in cash. This broad USD strength remains a key bearish driver for EURUSD. At the same time, the Euro remains under pressure from the energy shock across Europe, as surging oil prices raise inflation while simultaneously worsening growth expectations for the eurozone economy. This stagflationary pressure is negative for the single currency and continues to favor downside continuation in EURUSD. As long as price remains below the 1.14900 resistance zone, the bearish market structure remains valid, and we anticipate a continuation move toward lower support levels. Trade safe, Joe
Short
by JoeChampion
13
GOLD - Mixed fundamental data. Range: 4550 – 4600 ICMARKETS:XAUUSD is testing the 4,600 level within a local uptrend and forming a short squeeze. The market is under pressure from a global downtrend, a strong dollar, and high oil prices... During his speech yesterday, Powell stated that long-term inflation expectations in the U.S. remain under control. However, it can be assumed that high oil prices will have an extremely negative impact on inflation and the markets... Reports of a possible winding down of the U.S. military campaign against Iran have eased tensions, but Iran is not ready for direct negotiations, and the U.S. continues to strengthen its military presence in the region, which maintains uncertainty Technically, the focus is on the local range of 4600–4550. A breakout above resistance could open the door for a rise to 4675–4735. A break below the 4550 support level would put the trend line at risk and signal a possible decline to 4400–4350 Resistance levels: 4601, 4735 Support levels: 4550, 4487, 4416 Technically, following a false short squeeze at 4600, a situation is forming on the chart that could lead to a sell-off. Trigger: 4550. A close below this level could trigger a sell-off to 4887; a close below 4887 would open the way to 4416. However, the structure will be broken if the market consolidates above 4600–4620. Best regards, R. Linda!
ICMARKETS:XAUUSDShort
by RLinda
19
XRPUSDT - Ready for a decline. Focus on 1.27–1.14BINANCE:XRPUSDT is preparing to transition from a consolidation phase to a distribution phase. The altcoin appears weaker than the broader market... Bitcoin confirms the bearish market structure; against this backdrop, XRP looks much weaker than the flagship. XRP maintains a local bearish trend that aligns with the global one. The altcoin is forming a trading range of 1.3612–1.3152 and is testing the support level. If XRP breaks below 1.3152, the decline could continue to 1.269, and then to 1.1400 Resistance levels: 1.335, 1.3612 Support levels: 1.3152, 1.269, 1.1400 The cryptocurrency market is still in the crypto winter phase, but XRP stands out from the rest of the list due to its weakness, suggesting that the altcoin may continue to fall before the others. Trigger 1 - 1.335 (short squeeze), Trigger 2 - 1.3152 (close below the level) Best regards, R. Linda!
Short
by RLinda
4
GOLD - A countertrend correction before a decline ICMARKETS:XAUUSD is under pressure again at the start of the week. A counter-trend retest of the 4555–4600 range is forming amid a strong dollar and rising oil prices. The conflict in the Middle East is escalating, and threats to global trade are mounting. Iran is preparing for a possible U.S. ground invasion of Kharg Island. With the risk of the Bab el-Mandeb Strait being blocked by Yemeni Houthis, such a blockade would further boost the dollar and oil prices, exerting enormous pressure on markets and driving up inflation. As the war expands to new fronts (the Red Sea, Lebanon) and the Fed shows no rush to ease policy, gold will remain under pressure. The bearish trend persists, with a key trigger at 4600 Resistance levels: 4550, 4600, 4735 Support levels: 4487, 4416, 4350 Technically, if bears hold the resistance of the current range, gold may remain within it and head toward the liquidity zone formed at 4416. I do not rule out the possibility of a rally to 4735 as part of market manipulation before a stronger decline. Best regards, R. Linda!
ICMARKETS:XAUUSDShort
by RLinda
17
AUDUSD:Strong USD & Risk-Off Sentiment Pressure Aussie Lower!Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around the 0.69000 zone. AUDUSD is trading in a downtrend and currently is in a correction phase in which price is approaching the trendline resistance around the 0.69000 support and resistance area. From the macro side, the US Dollar remains strongly bid across the board, supported by safe-haven flows as Middle East tensions continue to fuel risk aversion in global markets. The sharp surge in oil prices and rising US Treasury yields are keeping the market in a risk-off environment, which is negative for risk-sensitive currencies like the Australian Dollar. In addition, the Australian Dollar is facing extra pressure from slower China demand concerns and weaker global growth sentiment, both of which typically weigh on commodity-linked currencies. With traders also positioning ahead of this week’s major US data releases, including ISM and Nonfarm Payrolls, the USD could stay supported and continue pushing AUDUSD lower. As long as price remains below the 0.69000 resistance zone, the bearish trend structure remains valid, and we anticipate a continuation move toward lower support levels. Trade safe, Joe.
Short
by JoeChampion
4
NZDUSD - Medium-term potential: a decline to 0.5658FX:NZDUSD , after breaking through support, is entering a distribution phase and is heading toward the liquidity zone. A bounce is possible before the decline continues An active downtrend is in place; the currency pair (within the distribution phase) is aiming to test the key support level at 0.5711. Against the backdrop of a strong dollar, the NZD is facing selling pressure. The market is in a bearish trend (against the backdrop of a strong dollar, which is poised to continue its rise). A liquidity zone at 0.5711 lies ahead. An initial reaction could trigger a rebound and a retest of resistance. Resistance levels: 0.5768, 0.5817 Support levels: 0.5711, 0.5658 A false breakdown of support could trigger a rebound toward resistance (the imbalance zone), but within the context of a downtrend, the decline may continue. Medium-term potential: a decline to 0.5658 Best regards, R. Linda!
Short
by RLinda
6
GOLD - A short squeeze before the drop. Interest in 4435ICMARKETS:XAUUSD rolls back after a short squeeze at the daily level and closes the weekly session below 4,500. Fundamental factors, a rising dollar, and oil prices are putting pressure on the metal... The geopolitical situation continues to escalate. The situation is complex; the West is trying to convince the public that there will be no ground operation in the Middle East, but all actual actions point to a protracted war. The dollar and oil may continue to rise in the medium term. Against this backdrop, inflation continues to accelerate, and no rate cuts are planned for this year. Gold is under pressure. Technically, gold is trading within the 4600–4320 range. A retest of resistance failed to reach the upper end of the range and bounced lower, closing below 4500. It is important to observe market reaction during the Asian session, as there was significant activity and rumors over the weekend. In the current situation, gold cannot act as a hedge asset. Resistance levels: 4544, 4601 Support levels: 4492, 4432, 4351 Focus on the upper levels: 4544–4600. A retest of the liquidity zone is possible. A false breakout and a price hold below the level would be a good signal for a decline. However, there is 4492.5 below—an important support level. A close below this zone could intensify the sell-off. As a target, I would highlight the 4435 zone of interest and the range support. Best regards, R. Linda!
ICMARKETS:XAUUSDShort
by RLinda
10
ETHUSDT - The crypto winter continues. Support has broken down BINANCE:ETHUSDT is forming a counter-trend correction after hitting new lows. The market is reminded that it is still in crypto winter and may continue to fall... Bitcoin is returning to a downtrend after a failed attempt to retest the 72K zone. Bears are dominating, and the downtrend continues. Weak Bitcoin is negatively impacting altcoins Ethereum may test the 2025–2038 liquidity zones. A short squeeze would provide a good signal for a potential decline. Earlier, Ethereum broke the support trend line... Resistance levels: 2025, 2037, 2062 Support levels: 1900 A retest of the resistance zone, a false breakout, and consolidation in the short zone will confirm bear dominance and may trigger a sell-off and a decline toward the trading range support and the zone of interest at 1900 Best regards, R. Linda!
Short
by RLinda
17
GOLD - The market is in a bear marketICMARKETS:XAUUSD is trading within the 5,351–5,480 range, but the outlook remains bearish. Bears continue to dominate the market as the dollar and oil prepare for an uptrend. The situation in the Middle East is contradictory; despite rumors of negotiations, there are signs of an escalation. Trump announced a 10-day extension of the pause in strikes on Iran’s energy facilities, but markets do not trust these statements and expect the war to continue. Risks of escalation are boosting demand for the dollar as a safe haven; oil traders do not yet trust Trump, and prices continue to rise. The market has completely ruled out a Fed rate cut this year → gold is under pressure. Technically, the price is consolidating; a rebound has formed from the trend resistance and the flat line. If gold breaks through the nearest support level, it may head toward the lower boundary of the range. Resistance levels: 4479, 4492, 4542 Support levels: 4420, 4351, 4319 As part of a counter-trend correction, the market failed to update its high and moved to retest the trigger (key support). The local downtrend aligns with the global one. Gold is in a neutral range (consolidation). Focus on 4420.75. A close below support will trigger a drop to 4351–4319 (liquidity zones) Best regards, R. Linda!
ICMARKETS:XAUUSDShort
by RLinda
13
EURUSD - The market is poised to break support. Downtrend FX:EURUSD is forming a pre-breakdown consolidation, the goal of which may be to break through the range support and the trend line... The breakdown of support trend lines on the D1 chart indicates a weakening of the bullish trend and the formation of a U-pattern. Global trigger at 1.1400. If the main trigger is broken, the market may shift into a global downtrend. Locally, the dollar is strengthening, which negatively affects the euro, which is already preparing for a decline within the main downtrend. The currency pair is testing the support level at 1.1524. Market reaction is weak, and a pre-breakout consolidation is forming following the break of the trend line. Resistance levels: 1.1557, 1.1654 Support levels: 1.1485, 1.1466 A break of support (trigger) and a close below 1.1524 could confirm the market’s readiness to continue its decline. Best regards, R. Linda!
Short
by RLinda
2