Do not consider gold for medium-term selling at the moment, there is no reason to do so, the market is still technically and fundamentally strong for growth.
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💡 Ideas For BTCUSD🪙
📈 BTCUSD → Pre-breakdown consolidation near resistance
➖ ➖ ➖ ➖ ➖
Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance, while one of the largest crypto exchanges withdraws huge money.
Bitcoin on the global chart has entered a new bullish range, the support of which is the area of 34000-36000, the target of range trading is the area of 42000-44300, then the maximum of 48234 plays a psychological role, because behind this area there is a huge pool of bearish liquidity.
➖ ➖ ➖ ➖ ➖
#BTCUSD 🪙
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November 23 - USA🇺🇸 - no trades - Thanksgiving Day 🍗
*The market is likely to be weak and low-volatility after the European session
#XAUUSD 👑 UPD:
As I said - gold will go into consolidation before the news.
On the chart, before the news, a symmetrical triangle was forming.
After the actual data, the price breaks support as the news is bearish for gold.
The market defines a short-term-swing scenario.
Price is heading towards support.
We are still watching the 1984 level as it is an important level at this point in the medium term.
There is a huge pool of liquidity below the level and most likely, after a test of this zone, the price will start to strengthen again within the ascending channel.
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
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The dollar hit a 2-and-a-half month low early on Tuesday as correction mode swept across the forex board. Yen powered the most
• The US dollar index #DXY💲
skittered down 0.3% to 103.10 in early Tuesday deals as market participants reshuffled their currency portfolio. The drop added to a substantial November decline of nearly 4% with the greenback washing out all the gains made for the previous two months
• The sweeping dollar correction was observed across the forex board. The major currencies aisle saw increased demand with the Japanese yen rallying the most. The #USDJPY 🇺🇸/🇯🇵 pair tumbled for a fourth straight day today, floating near the ¥147.00 level. The #EURUSD 🇪🇺/🇺🇸 advanced to $1.0960
• What’s happening to the US dollar? Low inflation expectations appear to finally be settling in investors’ minds. With consumer prices gradually easing, the Federal Reserve’s rate-hiking campaign is bound to come to a halt. The expected pullback in raising interest rates is driving investors away from the dollar, whose valuation is positively related to interest rates
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Beginning of correction, possible test of support
➖ ➖ ➖ ➖ ➖
The 1984 level still plays an important role for the market. At the moment the price is in the range of 2004-1993-1984. Since today's retest failed to update the high, the price is forming a correction. The market is aiming to test the nearest support. We highlight several most important scenarios regarding the overall situation
The main sense of which is either consolidation or retest of resistance after a small correction. But in the long term, I expect a breakout of the local resistance and the direction of further growth towards the global targets.
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
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💡Ideas For EURUSD 🇪🇺/🇺🇸
📈 EURUSD → Correction before the news. What could happen?
➖ ➖ ➖ ➖ ➖
#EURUSD is forming a false breakout. This may be the reason for the formation of correction in the short term. The market is also expecting news today, which is worth paying attention to.
We are interested in CDGO (MoM) today and the one that may affect the price in the short to medium term is Initial Jobless Claims. For the latter, analysts are expecting an improvement in the indications from 231K to 225K. If the actual data released at 13:30 GMT is higher than expected, the correction may end and the pair will start to strengthen. If the data will be lower than expected, the correction is likely to be a little bit delayed
From the technical analysis point of view, an actual false breakdown could be the reason for the price decline to 1.0875 or to 0.382 or 0.5 fibo. But since we have a fairly strong fundamental basis for the medium term, the currency pair has the following areas as targets: 1.1033, 1.115, 1.127
Support levels: 1.0875, 0.382, 0.05 fibo
Resistance levels: 1.0918
The correction may continue until the publication of news that may determine the short-medium term outlook. I expect growth after the test of local support areas
➖ ➖ ➖ ➖ ➖
#EURUSD 🇪🇺/🇺🇸
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Have you been following the #XAUUSD? 😉
The area I asked you to pay attention to is forming a great potential after a false breakdown :)
Price is reaching all the mentioned targets. And gives us +220 pips!
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In the absence of major market-moving news, the market moved as the dollar sold off across the board. What happened?
The #USDJPY 🇺🇸/🇯🇵 pair floated sideways in early Monday deals after it skittered down to the 50-day moving average on Friday. For no apparent reason, and in a quiet news environment, the dollar couldn’t hold its grip and fell over 1.5% against the Japanese yen. The pair slipped from ¥150.70 to ¥148.20
Apparently with the yen being this year’s biggest loser on the forex board, the 100-day and the 200-day moving averages are next in line if the pair’s drop continues. Pulling up the daily chart indicates the 100-day moving average is flexing at ¥146.50. The big bad 200-day line lurks from levels near ¥141.00
The dollar’s weakening was observed in other forex corners. The #EURUSD 🇪🇺/🇺🇸 advanced around 1% to cross $1.09. And the #GBPUSD 🇬🇧/🇺🇸 added a modest 0.4% to climb to $1.2460. Looking ahead, it’s Thanksgiving week and forex bros can come down at the table and schmooze about their next big trade but not their trading history
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Friends, are you ready for Black Friday 🌟 ?)
We are preparing some interesting offers for you here. I'll post them on the site rlinda.com and in the group soon 🙂
💡 Ideas For ETHUSD 🔷
📈 ETH → 2000 Retest. What is the importance of this level for us?
➖ ➖ ➖ ➖ ➖
#ETH is not slowing down, the price continues to test the upper critical resistance zones for a breakout. Ethereum is stocked with a fairly strong fundamental backdrop and increased investor interest.
The market is forming a range of 2130 - 1934. The middle level of 2005 plays a particularly important role - quite an important zone: a psychological level, the beginning of the level was laid in February 2021 and since then this area has numerous confirmations, thus dividing the market plane into two halves - bullish and bearish.
Consolidation of the price above the 2000 level, which we are waiting for with interest, will anchor the price in a new bullish range and open up a great upside potential.
In terms of technical analysis, we see a bullish reaction to the 0.382 fibo area followed by a retest of the 2000-2005 level. A price fixing above this area will give the bulls a good leverage. Potential targets: 2131, 2300.
Support levels: 0.236 fibo, 1920, 0.382 fibo
Resistance levels: 2000-2005, 2131, 2300
I expect the formation of a hard bullish position above 2000-2005 with further active growth towards the untested liquidity zone
➖ ➖ ➖ ➖ ➖
#ETHUSD 🔷
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Consolidation continues. What is the importance of 1984?
➖ ➖ ➖ ➖ ➖
#XAUUSD continues to form trading inside the sideways range. On the background of the DXY decrease, the price of gold also opens the session with correction downwards, most likely the target is support before further growth
Today at 19:00 GMT FOMC Meeting Minutes will be held, there is a chance that they may discuss the rate or medium-term monetary policy, but still, the chance that it will be lowered this year is very low.
On D1 we see a weak dollar, but gold is still not reacting, consolidation is forming. The 1984 resistance plays an important role for the market. In the short-term - pre-medium term, I expect a small pullback or consolidation near the level of 1984 with the subsequent formation of a retest of the level. Another test may lead to a breakout - it may happen soon enough.
Gold is still under the influence of increased interest and looks quite strong and set for further growth. Important goals for the moment : 1993, 2000, 2010. There is a possibility that the price may test 2050-2070 by the end of this year
Support levels: 1974, 1969, 1964
Resistance levels: 1984, 1993
I still stick to the fact that the price growth will continue and will finally go beyond the resistance of the current range. The short-term outlook is for a breakout of 1984
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
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Brief overview and determination of FOREX direction
1) #EURUSD 🇪🇺/🇺🇸 - LONG 📈
The bullish leverage is based on fundamentals. The weakening dollar is yielding to the Euro. The price growth will continue after consolidation above 1.08874 or at retest of 1.08315
2) #GBPUSD 🇬🇧/🇺🇸 - LONG 📈
The market changes direction, the price breaks through 1.24454, the subsequent consolidation of the price above this level will form a signal and a bullish potential
3) #USDJPY 🇺🇸/🇯🇵 - SHORT 📉
The Japanese continue to make attempts to strengthen the national currency, the weakening of the dollar is to their advantage. Consolidation below 149.7 will form a retest of the support, which will lead to a fall.
4) #NZDUSD 🇳🇿/🇺🇸 - LONG 📈
The market is going to grow, but still in the consolidation phase.
The price consolidation above 0.5985 may help to break through 0.60486 and further growth.
5) #USDCHF 🇺🇸/🇨🇭 - SHORT 📉
The currency pair is weakening on the background of DXY decline. A retest of 0.88324 will form a chance to break the support and further fall, which I am waiting for.
6) #USDCAD 🇺🇸/🇨🇦 - SHORT 📉
consolidation in the format of a symmetrical triangle, but strong resistance appears on the market, which does not let the price up.I am waiting for a breakout of 1.3694 and a fall.
7) #XAUUSD 👑 - LONG 📈
I suggest you read again the previously written analysis. the gold market may rise on a breakout of 1984.
8) #DXY 💲 (Dollar) - SHORT 📉
Fundamentally, the dollar is ready to decline, which will have a corresponding effect on the forex market.
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Support retest and low volatility is expected
➖ ➖ ➖ ➖ ➖
#XAUUSD may be low-volatility on Thursday (today) and form a narrow range as it is Thanksgiving Day in the US and in Canada, which I would like to congratulate the people of these two countries!!! 🎉
Moving on to gold: The market continues to test the 1984 area. False breakdowns, prolonged trading in this area indicates that buyers and sellers are fighting for this area. A prolonged consolidation of the price above 1984 will form a bullish potential, which will indicate medium-term prospects for us.
The #DXY will stand still today, which will affect the forex market accordingly.
Gold makes a false break of the local support 1994 and bounces from 0.5 fibo, but the important liquidity area has not been tested yet. It is likely that the dollar may continue to strengthen slightly on Friday, while gold may go lower to 1984 or trend support, but the fundamental background is still on the side of gold and we are still waiting for the continuation of the rise.
Support levels: 1993, 0.5 fibo, 1984
Resistance levels: 1998, 0.236 fibo
Today the price will trade within the narrow range of 1998 - 1993, 1990. A range trading strategy can be used for trading.
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
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💡 Ideas For BTCUSD🪙
📈 BTCUSD → Pre-breakdown consolidation near resistance
➖ ➖ ➖ ➖ ➖
#BTC looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market.
In terms of technical analysis we see the formation of ascending triangle on the background of global bullish trend. The pattern is formed at the resistance of the ascending channel. Consolidation is gaining potential for the formation of the movement, if the fundamental background remains as strong in the near future, the market will try to realize the potential of the ascending triangle.
A breakout of the resistance area will bring prices to a new level and in this case it will only accelerate the growth of bitcoin value.
The breakout of the resistance of the ascending channel in the area of: 37600 - 38000 - 38500 will form the potential for growth towards 40600 and 44350.
Reasons why we expect growth to continue:
• - Strong bullish trend
• - Strong fundamental background
• - There is no proper reaction to the retest and false breakdown of resistance, the price does not fall, but forms a local correction, within which it cannot even update the local minimum.
• - Consiliation is formed and the price is pressed to the resistance.
Support levels: 35700, 35000, 34500
Resistance levels: 37500, 38000
In the future, I expect the continuation of growth and a breakthrough of resistance on the next retest. Targets are indicated on the chart
➖ ➖ ➖ ➖ ➖
#BTCUSD 🪙
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#EURUSD 🇪🇺/🇺🇸 UPD:
The news is affecting the currency pair. The correction continues, which is what I was preparing you for.
The red color indicates the key zones, which the price can test before further growth
➖ ➖ ➖ ➖ ➖
#EURUSD 🇪🇺/🇺🇸
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Beginning of correction, possible test of support
➖ ➖ ➖ ➖ ➖
#XAUUSD forms another micro rally on Tuesday. On Wednesday, the price tries to test the high but fails to reach the area amid a strengthening DXY ahead of the news.
Several important news are published today, I am interested in Initial Jobless Claims - as one of the inflation indicators. Analysts expect a slight improvement in this indicator, which may strengthen the dollar in the short term. But as we remember, the last 3 times the data was worse than the previous one. If they are better than expected, gold will show a slight correction and vice versa.
From the last FOMC meeting: Fed members are not ready to cut the rate yet, but there is a high probability that they will not raise it again
From a TA: Gold looks quite strong despite the indicators data, we are judging on a fundamental basis. High interest, weakening dollar and geopolitical basis suggest further price growth.
Support levels: 0.236 fibo, 1993, 0.382 fibo, 1984
Resistance levels: 2000-2004
I am expecting a correction and news data that may determine the short to medium term outlook. I still see gold as an asset that can strengthen its price in the near term.
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
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#SKLUSDT has been performing splendidly and has been achieving the said goal for a long time.
At the moment, in a few days, the coin gives 110% ⚡️ growth at 1x leverage.
You could make a very cool profit :)
➖ ➖ ➖ ➖ ➖
#SKLUSDT 💰
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A strong supporter of cryptocurrencies and #BTC in particular, far-right economist, Javier Milay won Argentina's presidential election
After libertarian Javier Milay won 🇦🇷Argentina's election, the country may abandon the peso and join the nine countries that use the U.S. dollar as their official currency, the first such move in at least 14 years and the largest in history.
*he is in favor of closing the country's Central Bank and praises the benefits of BTC and cryptocurrencies in general.
PS: I don't know, but I like this siutation :)
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → The price is still in a range. What to expect next?
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#XAUUSD has presented itself perfectly since the beginning of this week. The local correction ends in the area of 1970 and 0.618 fibo, which we expected. Next, the market recovery and a retest of the key resistance at 1993 is taking shape
After an excellent bullish maneuver and a retest of 1993 in the format of a false breakout, a correction is formed. Most likely this movement is formed on the background of waiting for FOMC Meeting Minutes, which will take place at 19:00 GMT.
There is a high probability that Powell will try to strengthen the currency, which may affect the gold as a short-term decline, but again this is just our guess.
From the technical analysis point of view: Gold is forming a false breakout relative to 1993, now we see the beginning of a correction, which may weaken the price to 1985, 0.5 Fibo or even 1974 before a further rise. This maneuver is quite logical, as gold continues to form a consolidation within the global range 1993 - 1964. However, the asset still looks very strong and ready to overcome the resistance and continue rising in the medium term
Support levels: 1985, 0.5 fibo, 1974, 1964
Resistance levels: 1993.5, 2000
I expect a small correction to the above levels on the background of waiting for news. But after the correction I will wait for the continuation of growth, because the global trend in gold is bullish.
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#XAUUSD 👑
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#XAUUSD - Briefly:
The 1969.8 area plays an important role as strong support
The strength of the level lies in the separation of the market plane + numerous confirmations. It also reinforces the presence of the 0.618 Fibo level, which is quite important for many traders.
Let's watch the price reaction to this area.
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#USDJPY 🇺🇸/🇯🇵 could drop to 140 for the first time since July if speculators ditch recently enlarged yen short positions en masse.
Friday's CFTC data showed the net JPY short position ballooned by 25% to a six-year high of 130,249 contracts in the week ended Nov. 14 - a period which encompassed USD/JPY rising to threaten 152.
Recently established yen shorts will be dismayed that rather than vaulting 152 for the first time since 1990, USD/JPY has instead dropped back rapidly - with 148.20 marking Monday's six-week EBS low.
If dollar-negative sentiment continues to grow, the nascent USD/JPY bear trend could snowball - with scope for jettisoned yen shorts to juice any further losses.
IMM speculators have been net JPY short since March 2021.
CFTC data for the week ended Nov. 21 will be published on Nov. 27 (72 hours later than usual, due to U.S. Thanksgiving Day).
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💡Ideas For USDCAD 🇺🇸/🇨🇦
📈 USDCAD → Chances of a trend change are increasing
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#USDCAD is not able to update local highs at the moment on the background of weakening DXY. The market is under pressure from the resistance, which may have a positive impact on the Canadian dollar
On D1 the market is in a huge long-term range. There are several reasons for further medium-term decline:
• false breakout of resistance
• no opportunity to test the local maximum
• retest of support and MA-50
On H4 a symmetrical triangle is forming on the background of the uptrend, the price intends to continue testing the support area, which may eventually lead to a breakout of the area, an attempt to change the trend and the beginning of a strong downward movement.
Support area, which can form an impulse: 1.3670 - 1.3657
Resistance levels: 1.3736, MA200
Support levels: 1.3670, 1.3657, 1.35745
High probability of support retest with the subsequent breakout of the area and the beginning of the fall. Targets are indicated on the chart, perhaps in the area of 1.3735 - 1.3650 will be formed high volatility and volumes. Consolidation below the area (after the retest) may serve as a signal
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#USDCAD 🇺🇸/🇨🇦
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → The dollar is weakening, where can this lead?
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On the local timeframe we still see an uptrend, but the price is forming a local correction on Friday, and the last few hours are forming a pattern that could send the price to 0.382 - 0.5 fibo (but if the market is more aggressive, the price could test the far support of the range) before rising further.
We have a high probability of continued growth in the medium term, but the market may open the session with a small correction before a further retest of 1984 and subsequent breakout of this area, which could send the price towards our targets.
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#XAUUSD 👑
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