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Zigzag

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
32
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
15
EURUSD → Breakthrough of consolidation resistance. Rally?FX:EURUSD ends correction with a breakout of consolidation resistance. The market is waiting for a positive driver in the form of economic news that could support the growth of the euro... A breakout of the correction (consolidation) resistance has formed. However, the momentum is being replaced by a correction aimed at consolidating in the bullish plane, which could trigger continued growth in the medium term. The dollar looks weak, and expectations of interest rate cuts are supporting the euro. If the bulls keep the price above 1.17 - 1.172 within the current correction, the price may start to rally to highs... Support levels: 1.173, 1.1703 Resistance levels: 1.178, 1.183, 1.190 Before continuing to grow, liquidity may be captured relative to the previously broken consolidation resistance. A false breakdown of support at 1.173-1.170 could trigger a resumption of growth towards 1.190. Best regards, R. Linda!
Long
by RLinda
4
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
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
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
SOLUSDT | 1 DAY | SWING TRADING Hey friends! I’ve put together a detailed analysis on Solana just for you. The harmonic pattern has completed, and we’ve already seen some strong buying from that exact zone. 📈 Now, I’ve got two targets for you: 🎯 Target 1: 170.00 🎯 Target 2: 219.00 🔴 STOP: 75,81 "Just a heads-up — since this is a swing trade, the target might take some time to hit. Good to keep that in mind." Remember, the more love and likes I get from you, the more motivated I am to keep sharing these analyses. All I ask is for a simple like to show your support. 💙 Huge thanks to everyone supporting with their likes — I truly appreciate it!
Long
by TraderTilki
12
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
GOLD → ATH retest before NFP. High risk level...FX:XAUUSD remains in a bullish trend, but short-term dynamics depend on NFP. A break above $3578 will open the way to new highs, but profit-taking at record levels could increase volatility. Gold remains strong ahead of US NFP data, which may confirm the Fed's policy easing. Weak data (forecast: +75K new jobs) will reinforce expectations of a rate cut and support gold. However, the risk of a correction is quite high, and any nuances could trigger liquidation. Weak employment data, namely rising unemployment and low ADP figures, are strengthening bets on a Fed rate cut, which overall only increases interest in the metal. Resistance levels: 3564.5, 3578.5 Support levels: 3545.9, 3526, 3508 NFP data will determine the short-term trend. A weak report will lead to growth to $3600+, while a strong report will lead to a correction to 3450-3400. Technically, I expect a correction after the local bullish structure breaks down. It is not worth trading on the news; it is better to wait 20-40 minutes after the release to make decisions based on fundamental data. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
11
EURGBP → The battle for zone 0.867. What are the prospects?FX:EURGBP is attempting to remain above 1/2 of the key trading range as part of a retest after breaking through strong resistance. The local trend is bullish, and the price has a chance to reach 0.8743. EUR is consolidating in a wedge pattern, with the price moving away from support and attacking resistance. Against the backdrop of the expected Fed rate cut, EUR may break through the line and begin an active phase of growth, which will support EURGBP. The currency pair's price has moved beyond the lower half of the trading range and is attempting to consolidate above the bullish interest zone. If the bulls hold their defense above 0.866-0.867, the price will have a chance to test the poi Support levels: 0.867, 0.865, 0.8635 Resistance levels: 0.871, 0.874 Against the backdrop of the news, the price may test the order block in the 0.865 zone. A false breakdown and consolidation of the price above 0.867 will confirm the bulls' intentions, allowing the price to move towards the specified target. Best regards, R. Linda!
Long
by RLinda
7
GOLD → The uncertainty factor before the news. Down / up?FX:XAUUSD after updating another high to 3578 went into the phase of profit taking before two busy news days. The trend is aggressively bullish, but the risks of correction are quite high due to the uncertainty factor.... The price pulled back from record highs amid profit taking and reduced panic in the bond market. The dollar stabilized, but remains under pressure due to expectations of Fed rate cuts this year. The key event will be the publication of US employment data (NFP) on Friday. A correction after a sharp rise is a natural reaction, but the expectation of Fed policy easing is supporting the metal's price. Geopolitics: Trade risks (Trump's tariffs) mitigate gold's fall. Gold's correction so far looks like a pause before further movement. The main driver is NFP data, which will determine Fed rate sentiment and USD direction. But, today all eyes are on ADP Nonfarm, Initial jobless claims, and ISM data. Unexpected data may intensify the sell-off.... Resistance levels: 3546, 3559, 3563 Support levels: 3526, 3508 It is difficult to determine the news reaction in advance, we will have to orient ourselves after the fact. Technically, I expect a deeper correction for a healthy market. I expect a retest of the 3560 zone and further decline to local liquidity zones. Regards R. Linda!
FX:XAUUSD
by RLinda
15
GOLD → Consolidation in the ATH zone. Risk zone...FX:XAUUSD hit a new all-time high of around $3,550 as investors worldwide rushed to safe-haven assets. As prices rise, the risk of profit-taking increases, especially with news coming up... The key driver is the crisis in the bond market: long-term government bond yields are rising sharply in the UK and Japan. This is boosting demand for gold as a safe haven. We should also not forget about expectations of Fed easing: weak employment data could increase bets on a rate cut in September. However, strong US employment data (starting with JOLTS today) could support the USD and limit gold's growth. Correction: Record levels could trigger profit-taking, especially given that the price has come a long way since the last pullback, rising nearly 6% (7 days of growth). Key factor: US labor market data (JOLTS today, NFP on Friday). Weak figures will strengthen gold, strong ones may cause a correction. Resistance levels: 3546, 3550, 3575 Support levels: 3526, 3508, 3500 Technically, a retest of resistance at 3342-2246 could lead to a breakout and further growth. However, since the price has stopped updating its highs locally, I do not rule out the possibility of a retest of support at 3529-3526 before further growth. However, a weak reaction to support could lead to the formation of a pre-breakdown base, and a breakdown of support could trigger a decline to 3500. Best regards, R. Linda!
FX:XAUUSD
by RLinda
24
GBPNZD → Retest 2.276 before resuming the bullish trend FX:GBPNZD is testing a key support level as part of a correction after breaking through consolidation resistance. The trend is bullish, and liquidity capture could resume the upward movement. GBPNZD is testing a strong support level within the uptrend during the correction phase. Against the backdrop of the long-term decline of the NZD, the currency pair has every chance of continuing to grow. On the daily timeframe, we have a fairly strong upward structure, with the previously broken consolidation resistance and the 0.5f area playing a key role. This tandem hides a liquidity area that could become a driver for the market. A false breakdown of 2.276 could trigger a resumption of growth. Support levels: 2.276, 2.2682 Resistance levels: 2.2983, 2.3215 The bullish trend may support the main trend. The current correction is a healthy movement within an uptrend that may continue after a pullback and consolidation. Best regards, R. Linda!
Long
by RLinda
8
GOLD → False breakout at 3500. What next? 3400 or 3600?FX:XAUUSD updates its ATH on the spot market to 3508.5 and forms a false breakout, provoking liquidation and profit-taking. The imbalance in the market is changing, and a deeper correction is possible... Gold updated its historical maximum above $3500, but faced a correction amid a short-term strengthening of the dollar. The market's attention is focused on the US ISM Manufacturing PMI data, which may determine further dynamics. Key drivers: The probability of a rate cut in September is estimated at 90%, which supports gold. Pressure on the USD continues due to concerns about the independence of the Fed (pressure from Trump) and geopolitics. The escalation of the Russia-Ukraine conflict (new strikes by the Armed Forces of Ukraine on Russian territory) is increasing demand for defensive assets. Ahead of the ISM Manufacturing PMI: Forecast — growth to 49 (but remains in the contraction zone). If the data turns out to be weaker, it will strengthen dollar sales and push gold to new records. Resistance levels: 3485, 3500 Support levels: 3467.6, 3441, 3423 Technically, gold may enter a longer consolidation or correction. If the bears keep the price below 3490-3485, then in the short term, we can expect a decline to the specified support zones. I do not rule out the possibility of a retest of 3500-3505, but at the moment I do not see the potential for the market to continue growing (in the short term!). Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
25
Gold Dips to 3,440:Dollar Weakness Sets Stage for the Next SurgeHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around the 3,440 zone. Gold is trading in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bullish, but price is pulling back after recent highs. Key level in focus: 3,440 — an important area where buyers may look to step in and resume the trend. Fundamentals: The U.S. Dollar Index (DXY) is approaching 98.400 resistance while maintaining a bearish tone. A weaker dollar continues to provide support for Gold, reinforcing the bullish context. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
12
WLFIUSDT → Liquidation of hamsters before the rally to 0.3300BINANCE:WLFIUSDT.P is Trump's project. This relatively new coin is demonstrating aggressive and manipulative trading, but there are key areas on the chart that can be used as a guide... We all know about the manipulative games of Trump's projects ;) and this can be used in trading... The WLFI coin has growth potential, but we need to wait for confirmation. Technically, this is a rather aggressive and manipulative game. A sharp drop and liquidation of all “hamsters” to the 0.25 - 0.20 zone. However, the price has stopped updating lows, volatility is decreasing (consolidation). If the price returns to the range, there will be potential for growth. At the moment, the price is not allowed to fall, consolidation is forming, with resistance at the 0.2521 trigger. The market is testing this trigger... At the same time, Bitcoin is strengthening and may support altcoins... Resistance levels: 0.2521 Support levels: 0.2250, 0.2042 Technically, if the local structure does not break down and the price continues to storm 0.2520 - 0.255, this could lead to a return of the price to the trading range, which would open up the possibility of growth to 0.33. The structure will break if the price breaks through the support level of 0.225 - 0.22. Best regards, R. Linda!
BINANCE:WLFIUSDT.PLong
by RLinda
22
GOLD → One step away from 3500. Consolidation. What next?FX:XAUUSD has been rallying towards 3500 since the opening of the session, and the market has every chance of testing this level. Consolidation or correction may form before the next breakout... Gold resumed its growth at the beginning of the week, reaching five-month highs around $3480 amid declining risk appetite and expectations of Fed policy easing. Trading activity remains low due to holidays in the US and Canada. Key drivers : Weak Asian markets and uncertainty surrounding Trump's trade policy are supporting interest in gold. The probability of a rate cut in September is estimated at 90% after last week's PCE data. Overall, the market maintains its momentum towards record levels ($3500), but low liquidity may increase volatility. Technically , gold is strongly bullish. The price is striving to test the ATH - 3500. Before that, consolidation or a retest of the 3469-3460 zone may form. The dollar is weak at the moment and continues to trend downward, which generally supports gold. Resistance levels: 3484.8, 3500 Support levels: 3469.5, 3460 Undoubtedly, after consolidation or correction, gold may reach its target. However, continued growth beyond 3500 may be questionable due to a lack of energy, as the market has spent it to reach 3500. Accordingly, a false breakout of the ATH could trigger a strong profit-taking phase, which in turn could lead to a sell-off and correction. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
31
AUDUSD Pullback Toward 0.65000 as Dollar Weakens Ahead of US PCEHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around the 0.65000 zone. AUDUSD is trading in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bullish, but price is retracing after recent highs. Key level in focus: 0.65000 — an important area where buyers may look to step in. Fundamentals: The US Dollar Index (DXY) is breaking below 98.100 support, pointing to further downside. A bearish DXY combined with bullish Gold strengthens the case for AUDUSD upside. Event risk: Today’s US PCE release is key. A soft print would reinforce the Fed’s dovish stance, supporting dollar weakness. A hot print could complicate the bearish dollar narrative. Next move: Monitoring how AUDUSD reacts around 0.65000 to assess whether buyers regain control or if deeper correction unfolds. Trade safe, Joe.
Long
by JoeChampion
21
USDCAD Pullback Toward 1.37900 as Dollar Weakness PersistsHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around the 1.37900 zone. USDCAD is trading in a downtrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bearish, but price is retracing upward after recent lows. Key level in focus: 1.37900 — a critical area where sellers may look to re-enter and push the pair lower. Fundamentals: The U.S. Dollar Index (DXY) maintains a bearish tone as Jerome Powell’s recent dovish stance weighs on the greenback. With DXY approaching 97.800 resistance, further downside pressure on USD could reinforce USDCAD weakness. Trade safe, Joe.
Short
by JoeChampion
12
GBPUSD → Retest resistance for a breakout. Distribution?FX:GBPUSD is attempting to break through the resistance of the symmetrical triangle consolidation pattern, which is a continuation pattern of the main bullish trend. Against the backdrop of stagnation and weakening of the dollar index, the GBPUSD price has stopped updating local lows, and consolidation in the form of a symmetrical triangle is forming. The strengthening of the GBP led to a breakout of the consolidation resistance, and if the bulls can stay above 1.352, then the market may trigger a rally to the resistance at 1.3588, from which a small correction is expected before continuing to grow to 1.378 thanks to motivated buyers. Resistance levels: 1.3589, 1.3674 Support levels: 1.3524, 1.3446 In the 1.3525 zone, there may be a prolonged struggle for the buying area (above resistance). If the bulls manage to stay above the resistance conglomerate, this will confirm the fact of a resistance breakout and the end of the downward correction, which may trigger a continuation of the global trend and price growth to 1.378. Best regards, R. Linda!
Long
by RLinda
9
GOLD → Retest 3400 before the news. Will there be a rally?FX:XAUUSD is pulling back slightly after hitting a new high of 3423. The trend is bullish, and on the D1 chart we see a breakout of a symmetrical triangle, which generally hints at bullish potential. Gold is correcting after rising to $3423 in anticipation of US PCE inflation data. Key factors: Doubts about the Fed's independence are limiting the USD's strengthening. Soft Fed rhetoric: Board member Waller supported a rate cut in September and further easing. The probability of a September rate cut is estimated at 87%. Today's news: Core PCE inflation data (forecast: 2.6% y/y). If below forecast → increased expectations for policy easing → support for gold If above forecast → dollar strength → gold correction Short-term gold dynamics depend on inflation data and its impact on Fed rate expectations Support levels: 3405, 3394, 3386.5 Resistance levels: 3415, 3423, 3433 As part of the correction, the price may test liquidity zones and enter a consolidation phase ahead of the news. However, the market is one step away from distribution (exit from a symmetrical triangle). If the bulls keep the price above 3400 as part of the correction, we will have a good chance to catch the rally... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
20
BITCOIN → Breakthrough of the downward trend resistance... 120K?BINANCE:BTCUSDT.P formed a false breakdown of key support at 110,000 - 112,000 and returned to the whales' zone of interest. The chart shows the prerequisites for a possible end to the countertrend correction... A false breakdown of the daily support of 110K - 112K provokes a local bearish rally, within which the price breaks through the downward resistance of the correction and tests 113.300. The growth was supported by positive signals from institutional investors, technical stability and a decrease in selling pressure. The fundamental background is positive, the market is trending. The chart shows prerequisites for the end of the correction. However, the further outlook depends on the 112.0 - 112.5K area. if the bulls hold the price above this zone, the flagship may return to the upward movement and head towards 117K - 120K. Support levels: 112.5, 112.0, 110.9 Resistance levels: 113.6, 114.6, 117.0 After breaking through the resistance of the descending channel, the impulse stops and most likely a fight for the 112K zone may form. If the price returns to the channel and consolidates below 112K, then Bitcoin may return to the downward movement, however, while the price is trading above this line, the bulls have a chance... Best regards, R. Linda!
Long
by RLinda
20