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Consolidation

Gold price suddenly reversed and increasedOANDA:XAUUSD surged after the US dollar paused its rally and Russia-Ukraine tensions escalated. Spot gold ended the trading session on November 18 up $48 to $2,611/ounce, ending a six-session losing streak and escaping a two-month low. Sellers held back as US President Joe Biden authorized Ukraine to use long-range weapons supplied by the United States to strike deep into Russian territory. This was clearly a major driver of strong safe-haven demand, pushing gold prices higher. This move not only marked a turning point in the gold market but also signaled that investors were looking for opportunities amid increasingly tense geopolitical conditions. However, in the medium and long term, we still think sellers still have the upper hand technically!
OANDA:XAUUSDShort
by TomtradeFX
HelenP. I Gold will continue to decline between the trend lineHi folks today I'm prepared for you Gold analytics. Some time ago price entered to consolidation, where it some time traded near resistance 1, which is the bottom part of this pattern. Next, the price rebounded up to the top part of the consolidation, after which little corrected and later fell back to resistance 1 already. After this, Gold some time traded in the resistance area, after which turned around and started to grow, and soon exited from consolidation. Later, the price broke resistance 2, which coincided with one more resistance zone and some time traded near. After this, the price turned around and rebounded up to the trend line and then started to decline. In a short time, the price fell to resistance 2, after which broke it and continued to move down between trend line. Soon, the price fell to resistance 1, broke it too, and continued to fall next. At the moment, Gold trades near the trend line and I expect that XAUUSD will break the trend line, after which continue to decline next between this line. Therefore I set my goal at 2500 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
NZDUSD → Consolidation before the continuation of the fallFX:NZDUSD amid bearish rally is not going to pull back, forming consolidation in front of 0.5894 with the purpose of continuing the fall... Last week the price tested the key support at 0.585, closing below the level, hinting that the market is ready to go further. The strong rise in the dollar is extremely negative for the forex market. The excitement has not subsided yet and most likely the current movements may get a continuation. Since we have a downtrend, we should prioritize selling from strong resistance zones or supports. Focus on the key range. Resistance levels: 0.5864, 0.588, 0.5912 Support levels: 0.584 Accordingly, I do not exclude the fact that the market may test the resistance in the format of a false breakdown and further fall. But, since we are close to the support now and the price is forming a pre-breakdown accumulation, we should consider a breakdown of the support in the first place Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;) Regards R. Linda!
Short
by RLinda
6
GOLD--> Buyers stop believing in gold. Are the bears coming?OANDA:XAUUSD rose, but remained below $2,600 early on Monday, snapping a six-day losing streak. Geopolitical risks favored the safe-haven metal amid reduced demand for the US Dollar. However, expectations of a less aggressive Fed rate cut and rising US Treasury yields are likely to limit further gains for XAU. Attention is now focused on the upcoming speech by Chicago Fed President Austan Goolsbee, as there are no major economic releases due on Monday. Geopolitical developments will also be closely watched to see if they have any significant impact on the safe-haven asset. Technically, Gold is forming a smooth and calm move towards new highs after a false breakout near $2,575. Notably, an uptrend is emerging on the H1 timeframe. A pullback to the imbalance zone or local resistance level may form before the news as traders try to recover losses. However, I predict that after this correction, the price will likely continue its downtrend.
OANDA:XAUUSDShort
by TomtradeFX
GOLD → How long will the correction last? Emphasis on 2590FX:XAUUSD after a false breakdown of 2546 forms a pullback and tests 2577. It is quite adequate reaction after such a strong fall. The fundamental background is still negative, and the dollar is accelerating its growth. Ambiguous economic data from China increased economic concerns. Uncertainty about future interest rate cuts by the US Federal Reserve also continues to weigh on the markets, especially after Powell said that there is no need to rush to cut rates as the economy is still growing, the labor market is robust and inflation is still above the 2% target. Now all eyes are on the all-important retail sales report.... Technically, it is worth paying attention to 0.5-0.7 fibo and resistance at 2589. A false breakdown and consolidation below these areas may trigger a fall. Resistance levels: 2577, 2589, 2594. Support levels: 2546, 2531, 2500 At the moment, gold is hinting that the pullback up may be a bit prolonged. Most likely MM will go for liquidity (above these levels) before the news. False breakout may provoke bears to activity, which will only strengthen the sales. But, a rebound from 0.5 fibo and a smooth return to 2546 will increase the chances of a breakdown and fall. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
GBPUSD → The fall after the breakdown will intensifyFX:GBPUSD continues to fall downwards. The price is testing the strong support at 1.267 and forms a false breakdown. The dollar is losing ground a bit in the meantime.... Theoretically, the currency pair after the false breakdown can form a correction (a trap or a crowd trick) before a further fall. Zones of interest in our case could be 1.272, 1.277, 1.28. Fundamentally, the situation is not the best, the pressure on the pound, on the background of the dollar rally, is present more than enough, accordingly, in the medium term we should expect a continuation of the fall. The trigger for this could be a false breakdown of resistance or a breakdown of 1.267 and consolidation below this zone. Support levels: 1.267, 1.261, 1,25 Resistance levels: 1.272, 1.277 We need to watch the price reaction to these key levels. If bears hold 1.267 and consolidate their positions below this zone, the fall will happen sooner. Regards R. Linda!
Short
by RLinda
2
GOLD → Correction ahead of PPI before falling to $2470FX:XAUUSD on the news continues its bearish rally. The price is breaking the structure of 2547. A false breakdown and counter-trend correction may form before PPI and Powell's speech... Demand for the dollar rises at the expense of gold. Trump-led euphoria continues to support the index despite relatively weak CPI data and the stance of Fed policymakers. In the medium term, the focus is on the next Fed rate meeting. The most likely scenario is a 0.25% rate cut. Bulls in gold are likely to have to reassess their medium-term targets as the dollar's rise caused by Trump's trade is outweighed despite the Fed's relatively dovish stance. For today, all eyes are on Powell's speech and PPI and jobless claims. Technically, gold is testing the important level of 2546 as part of a strong decline. A false breakdown and correction is possible. Resistance levels: 2577, 2589, 2595 Support levels: 2546, 2531, 2500 Before the news, a rebound to the imbalance zone or local resistance may be formed in the hope to win back the losing positions of those who have not yet managed to leave the market. I expect that after the correction the price will continue its decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
HelenP. I Gold will break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price dropped to the support level, which coincided with the support zone and then started to grow. In a short time, Gold rose to 2665 points and then made a small correction, after which continued to move up. Later, the price rose to the 2720 resistance level, broke it, and started to trades inside consolidation, where it some time traded near this level in the resistance zone. Then Gold rebounded up to the trend line, which coincided with the top part of the range and started to decline between this line. In a short time, the price fell to the 2720 level and later made impulse down, thereby breaking this level and exiting from consolidation. Also, the price broke the trend line, but soon backed up and then continued to decline. Later, the price dropped to the support zone, breaking the trend line one more time, after which a not long time ago rebounded from this area, breaking the trend line one more time. Now, I expect that XAUUSD will rise a little and then drop to 2555 points, which coincides with the trend line, thereby breaking the support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope? Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part. Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts. Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar. Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form. Resistance levels: 2626, 2637 Support levels: 2604, 2569, 2546 If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
24
GOLD → A change in structure and a change in trend. CPI ahead!FX:XAUUSD is turning around. The daily session closes below 2604 and the breakdown of the global structure confirms the bearish nature of the market. The fight for the key 2600 zone continues... Trump's tough policies could slow the Fed's easing cycle, the dollar would then continue to strengthen at the expense of gold... There is another Fed rate meeting in December and obviously the question is: either 0.25% or hold. All eyes are on the CPI, the data will determine whether the Fed will continue its rate cut trajectory after December. A downside surprise in CPI could reinforce dovish expectations for the Fed. Conversely, a stronger inflation report could trigger a change in the regulator's stance. Any reaction to the news could be short-lived as attention immediately shifts to Thursday, PPI and Powell's... Resistance levels: 2616, 2626, 2637 ! Key level: 2604 Support levels: 2590, 2569 The fight for 2604 continues, if the bears can keep the defense below this zone, we should expect a fall. But, there is a high probability of correction on the background of news volatility and retest of resistance 2626-2637 before the further fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
NZDJPY → 92.00 - bull run triggerOANDA:NZDJPY continues to accumulate pre-breakout potential against 92.000 resistance. Japan's national currency continues to weaken amid inaction from the country's Central Bank and the dollar rally... On D1 and H1, the structure coincides and generally tells us that the price is ready to go up. Trigger 91.950 - 92.00. If buyers can break this resistance area and hold their defenses above this zone, a quick distribution will not be far behind. JPY confirms its downward course by breaking support, which generally defines the medium-term potential for us. Resistance levels: 92.00 Support levels: 91.362 The overall structure will be broken when the support at 91.36 is broken, but there are no hints of that yet. The currency pair does not fall after the false breakdown of resistance, but continues to inflate the potential, which generally confirms the bullish intentions to go higher. Rate, share your opinion and questions, let's discuss what's going on with ★ OANDA:NZDJPY ;) Regards R. Linda!
Long
by RLinda
4
NEIROETH → The coin is one step away from rallying ↑BINANCE:NEIROETHUSDT.P consolidates before a possible takeoff. The potential of the cryptocurrency market is beginning to unfold amid the excitement surrounding Trump's victory While bitcoin is hitting all-time highs, some altcoins are still considered extremely undervalued. NEIROETH is coming out of accumulation (triangle) but faces a strong liquidity zone. The coin continues to accumulate potential, but with a hint of resistance breakout. The key liquidity zone is 0.1150. Technically, the picture on the chart is shaping up to be extremely bullish: no renewal of lows, strong consolidations and strong support levels. Resistance levels: 0.1150, 0.1400 Support levels: 0.0923, 0.067 I do not exclude the possibility of support retest and formation of a false breakdown before further growth. But in any case, a break of the key liquidity zone at 0.115 may trigger a rally. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROETHUSDT.P ;) Regards R. Linda!
Long
by RLinda
3
USDCHF → Realization and distribution phase. Target 0.900FX:USDCHF comes out of accumulation and changes the market phase to realization phase. On the background of the dollar growth, the reason for which is mainly the excitement about the presidential election in the U.S., the currency pair also has a potential for growth On D1, buyers are forming a bottom and a strong reversal base, indicating the potential and further interests. The zones of interest, in our case, can serve as areas of local highs, behind which there is a liquidity zone and money, to which the MM is directed.... Technically, in the European session the price is breaking the resistance of local accumulation. The emphasis is on 0.8774. If the bulls hold the defense above this zone, we should expect a continuation of growth in the short to medium term. Resistance levels: 0.887, 0.892 Support levels: 0.8774, 0.8748, 0.871 Accordingly, the key support at the moment is 0.8774 and it is from it we expect the continuation of growth. Formation of a false breakout is not excluded. In this case, after correction to the local 0.8748, the growth may continue Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCHF ;) Regards R. Linda!
Long
by RLinda
13
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution. BTC has one bullish driver after another as it approaches ATH: Trump's victory in the US presidential election. Then the second 0.25% Fed rate cut in this cycle Discussions about BTC as a strategic reserve. Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person. In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon. Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term. Resistance levels: 76900 Support levels: 75650, 74560, 73550 The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying). The target of 100K is becoming more and more real ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Long
by RLinda
46
GOLD → Fundamental Swing. What to expect from gold?FX:XAUUSD updates the low to 2643. The reason - change of fundamental background and outflow of funds to safer assets... But, Powell supported the metal by lowering the US interest rate.... Overall, the fundamental backdrop for gold has changed to negative. The impact is not short-term and can only increase further, but the metal will be supported by the Chinese market and the Middle East conflict. Yesterday gold strengthened to 2710, testing key resistance on the back of 0.25% interest rate cut. Powell gave a hint that the Feds are generally willing to continue the easing course. The environment is quite interesting... Technically, gold is in a local descending channel and below 0.5 Fibo. If the bears keep the 0.5 - 0.7 fibo zone under their control, gold may continue to weaken towards 2650 - 2600. Resistance levels: 2696, 2714, 2720 Support levels: 2685, 2652 Technically, after a busy week, the metal may go into a consolidation phase, for example in the area of 2714 - 2685, but it is still worth paying attention to resistance and support from which strong moves can be formed... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GOLD → U-turn and fall... Waiting for Powell (Fed)FX:XAUUSD is forming a reversal setup with a bias for the medium and long term. The fundamental background is changing in favor of the dollar at the expense of gold, as well as changing the targets... Trump is the new (old) president of the United States. What does that mean? Rising inflation, a rising dollar, stock market and bonds are possible, but not gold or currency markets. But because Trump's policies promise to be tough on China and Europe, gold may get additional support from investors, but not in the near term, perhaps not in the next year. What are the targets to gold going forward? 2400, 2300, 2200. 2K is not excluded. Now all eyes are on the Fed rate meeting later on Thursday. Will they cut 0.25% or keep the rate the same? The important aspect in that case is the regulator's comments and hints (slowing down the easing cycle is not ruled out). Waiting for Powell... Technically, gold is returning to the range, so the focus is on the internal levels and the key 0.5 fibo, from which the decline may resume Resistance levels: 2670, 2685, 2696 Support levels: 2652 (trigger), 2637, 2624 A correction after the spill is being formed. False breakdown and subsequent consolidation below the above resistance levels will be a signal for the continuation of the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
17
GOLD → Global reversal H&S. How far do we fall? FX:XAUUSD was looking pretty steady in the Asian session until the press came out with their statements before Trump's speech. The fundamental background is weakening, but there are positive nuances from the news.... There is one last vote left, but Trump has a 99% chance of winning. Markets believe his policies will put upward pressure on inflation, treasury yields and the US dollar, which could have an overall negative impact on the XAU BUT, there is a possibility that in the long term, the gold price will also benefit from the new president's policies as Trump's foreign policy related to China and Europe could cause unrest and panic in the market Sentiment around the US election will play a key role in gold price movement ahead of the US Fed policy announcement due on Thursday. Technically, gold is giving hints of a possible reversal by forming a classic H&S pattern. The main support is at 2708 Resistance levels: 2731, 2735, 2749 Support levels: 2724, 2713, 2708, 2689 Also, H1 is starting to show a local descending channel. Before the official verdict of the vote, the price can still test these resistance areas, but later the market may turn around and start a gradual decline until the end of market-wide euphoria.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
13