R. Linda Trading

08 августа 2024 11:54

👑 Ideas For #XAUUSD / #GOLD
📈 What is the problem with a SYMMETRICAL TRIANGLE ► ?
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GOLD is still trading inside the flat 2420 - 2370 forming a symmetrical triangle. Traders continue to struggle for the area of 2400. News ahead..

I understand that you don't like it when there is no clear direction on the chart, but there are nuances here and in some cases you need to have both bullish and bearish scenarios. Let's break it down...

On D1 there is a rather encouraging situation indicating how the bulls continue to hold the support of the global trend.
The issue of aggressive easing of the US Fed policy is still relevant. Likewise, speculators are closely watching developments around Iran's attack on Israel. If it happens, it is likely to give additional impetus to the growth of gold prices. Meanwhile, Initial Jobless Claims of the USA may provide short-term potential for the markets.
Technically, gold is forming a symmetrical triangle on H1. The bearish pressure is still present in the market. Gold is not technical now, but depends on fundamental nuances.
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R. Linda Trading

08 августа 2024 09:45

#XRP #XRPUSD

The court case between the
SEC and XRP is over!
Ripple fined just $125 million in SEC case - for institutional sales, but XRP exchange sales found to be legal

🥇CEORipple:

SEC demanded $2 billion, but the Court reduced their want by 94%, recognizing that they lost!

We respect the Court's decision and are confident in the future growth of our company.

This is a victory for Ripple, the industry and the rule of law.

R. Linda Trading

07 августа 2024 16:35

#GOLD price has fallen nearly 4% from its August peak of $2,475 an ounce as traders react to the changing economic situation.

Far from soaring on Tuesday, the metal continued its decline, recording its fourth consecutive day of negative readings. Traders were changing the yellow metal at prices from $2,400 and below, pointing to continued weakness supported by a strengthening U.S. dollar.

The U.S. dollar rose on Tuesday, holding back the bullion price. Against that backdrop, gold prices retreated nearly 4% from an August peak of $2,475 an ounce. However, analysts are quick to point out that tensions in the Middle East and the prospect of lower interest rates could bring back the luster.

Markets put the probability that the U.S. Federal Reserve will cut interest rates by 50 basis points in September at 90%. That expectation has risen from 25 basis points before the latest jobs data showed the economy is in dire straits. Lower interest rates tend to make gold more attractive because of its unprofitable nature, unlike the U.S. dollar, which yields more in a higher rate environment.
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R. Linda Trading

07 августа 2024 15:25

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R. Linda Trading

07 августа 2024 14:01

We discussed #EURUSD 7 days ago, when the price was in consolidation, inside the wedge.
Fundamentally and technically the market was giving a good signal, which we took advantage of :)

The realization of a great potential was fast enough.
It was possible to take +220pips 💪 in a few days!
I hope you took advantage of this opportunity ;)
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R. Linda Trading

07 августа 2024 11:30

💡 Ideas For #EURUSD 🇪🇺🇺🇸
📈 Attempting to change the global trend...
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EURUSD after the retest of the trend resistance is forming a correction, which is correlated with the growth of the dollar index. By the nature of the movement, the currency pair is in the bull market phase...

False breakdown of the symmetrical triangle resistance. The fundamental background for the currency pair is relatively positive. The dollar will continue its decline in the future, which is favorable for the euro. In this case, after the end of the correction, it is possible to retest the resistance with the aim of breaking through and further change of the global trend from neutral to bullish.
Technically, the focus is on 1.0916 and 1.095. Breakout and price consolidation above this zone will be the beginning of further bullrun.

Support levels: 0.5 fibo, 1.087, 0.7 fibo, 0.79 fibo.
Resistance levels: 1.0916, 1. 095

Both technically and fundamentally, we have positive preconditions for the growth continuation. The correction may take a little longer, but it is worth paying attention to the key zones indicated on the chart.
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R. Linda Trading

06 августа 2024 16:06

10x Research notes a very strong surge in crypto trading volumes on yesterday's panic: $244 billion traded in crypto = max since March 2024

CryptoQuant notes that yesterday was the largest long liquidation in BTC this year + open interest in BTC derivatives dropped significantly.
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R. Linda Trading

06 августа 2024 14:05

Ethereum hit a black Monday in August, testing a multi-month low despite a positive overall fundamental backdrop. On Monday morning, Etherium squandered all of its gains for the year, falling below $2,100 per token, a nearly 50 percent drop from its 2024 peak of $4,100 reached in early March. Long Squeeze? 🤔

Markets sagged heavily after a weaker-than-expected jobs report fueled fears that the U.S. economy could be heading into recession. The cold figure spurred a flight to safety of all risk assets, shaking up everything from stocks, the U.S. dollar to bitcoin.
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R. Linda Trading

06 августа 2024 11:36

👑 Ideas For #XAUUSD / #GOLD
📈 False break of range support led to a rebound
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GOLD reaches the liquidity zone of 2370, forming a false breakdown, confirms the presence of a strong range boundary. The market may move into a sideways trend

Fundamentally, the situation is still complicated.
The U.S. regulators are trying to change the market's mind on the recession issue, trying to keep the market calm. The question of aggressive actions of regulators is still open.
At the moment everyone is watching the actions in the Middle East, as the activity on the background of the war already unleashed can again affect the price of gold.
Markets continue to estimate almost 90% probability of a 50 basis points cut in US interest rates in September. Let me remind you that it is not the fact of reduction that matters, but the hints and comments of regulators.
At this time, gold is forming a global range of 2480 - 2370.

Resistance levels: 2420
Support levels: 2400

Technically, gold may go into a consolidation phase, but in the future it is worth watching the resistance at 2420. As a pre-breakout consolidation or a quick retest may lead to a breakout attempt and growth
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R. Linda Trading

05 августа 2024 18:08

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R. Linda Trading

05 августа 2024 16:36

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R. Linda Trading

05 августа 2024 15:39

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R. Linda Trading

05 августа 2024 13:05

#BTC #CRYPTO

The recent sharp drop in cryptocurrency and stock prices is due to macroeconomic factors. We do NOT believe it indicates a long-term negative trend - Binance CEO
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R. Linda Trading

05 августа 2024 11:05

💡Ideas For GBPUSD 🇬🇧🇺🇸
📈 Support retest amid falling dollar
➖➖➖➖➖➖➖➖➖
GBPUSD is testing trend support for a breakout, but the situation is complicated by the difficult economic state of the Dollar... GBPUSD is going flat.

Technically, GBPUSD could have a chic bullish outlook, provided buyers hold 1.27 support.
Fundamentally, things are quite complicated, but more positive for the currency pair's growth: there is a high chance of recession in the US due to last week's unexpected data, indicating a very rapid slowdown in the economy. Rumors of the possibility of an emergency interest rate cut by the US Fed are forming. Also, in UK: Composite PMI +0.5%, Services PMI +0.4%).
Technically: it is worth paying attention to the flat 1.28000 - 1.27000. If the bulls hold the lower boundary and bring prices back beyond 1.28 with further consolidation, we should expect a positive outcome and a northward course.

Resistance levels: 1.2818, 1.2894
Support levels: 1.2707, 1.2615

Emphasis on this range, the flat boundaries play a key role for the medium-term perspective
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R. Linda Trading

05 августа 2024 09:34

❗️В network rumors about "unscheduled Fed meeting" are gaining momentum - due to the difficult situation in the labor market, an emergency interest rate cut is possible

Probability of Fed rate cut by 0.5% in September = 95%!

Bloomberg: US economy on the verge of recession, Fed will have to start aggressive monetary easing.
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R. Linda Trading

08 августа 2024 10:36

💡 Ideas For XRPUSDT 🪙
📈 The court case is complete. Triangle Resistance Retest...↑
———————————————
XRP is forming a rally from the intermediate bottom area. The reason for this is the end of the litigation between Ripple and SEC. The market has been laying a positive outcome for the past few weeks...

The SEC was demanding $2 billion dollars, but the court reduced their demand by 94%, admitting they lost!
This is a positive outcome for Ripple, the industry.
Ripple is only fined $125 million instead of $2 billion.
The rumors have been around for a while, but the market reacted quite positively, giving an initial boost of 27%
Technically, at the moment, all eyes are on the range 0.6378, 0.5663. Emphasis on the resistance breakout. If the bulls can overcome this boundary, it will be a confirmation of the price exit from the global descending triangle, which may affect the formation of a bullish trend, the promising targets of which may be 0.900, 1.300.

Resistance levels: 0.6378, 0.7440
Support levels: 0.5663, MA-50

Fundamentally and technically, everything is unfolding with favorable winds for the bulls. It opens the way to the north, but before that, the bulls need to try to overcome the strong resistance.
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R. Linda Trading

07 августа 2024 18:07

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R. Linda Trading

07 августа 2024 15:52

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R. Linda Trading

07 августа 2024 14:54

#GBPUSD paused for a breather on its way to a potential double bottom. A recent move by the Bank of England made things worse for the currency as the central bank cut interest rates on August 1 for the first time since 2020.

British sterling fell in value by 1% on the day of the decision, and since then the prospect of lower borrowing costs has increasingly undermined the pound's value. Lower interest rates imply a cheaper currency as they reduce yields on deposits, making the pound an unattractive asset for holding cash. With this in mind, the Pound to Dollar exchange rate is approaching an interesting double-bottom game.

Markets are waiting to see if the pair will reach the $1.26 level - from current prices of $1.27 - where the bulls last took control and drove sterling to a one-year high of $1.3045. The $1.26 level could serve as a shock absorber for bearish downside efforts. In other words, a rebound can be expected at this level if the bulls decide to challenge the downward movement and reverse the scenario.
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R. Linda Trading

07 августа 2024 12:33

👑 Ideas For #XAUUSD / #GOLD
📈 Consolidation above global trend support
———————————————
GOLD is trading inside the global range. The focus is on local support and resistance levels. The dollar is temporarily rising, which has an impact on gold, which is globally in a bullish trend

The gold price remains vulnerable despite the US Federal Reserve's dovish stance. The gold price continues to lose ground for the fifth day in a row on Wednesday, approaching a one-week low on the back of a generally stronger US Dollar (USD) and rising US Treasury yields. There are not many key news today, so the general fundamental background and technical component should be evaluated as a priority.
Technically, gold is not allowed below 2369 and 2380, forming a correction and a retest of the resistance at 2397-2400. If the bulls are able to break this zone and consolidate above the level, we can get on the train to the north, but an active struggle of differently-minded traders is forming in this zone. The trading range for today is 2420 - 2370 (confirmed by the movement of August 05 - 06).

Resistance levels: 2397, 2400, 2420
Support levels: 2380, 2370

If bears hold resistance, price may test the lower boundary of the range. But, a retest and breakdown of 2420 would disrupt the market structure and character and create a fickle mood, within which the bulls may give impetus.
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R. Linda Trading

06 августа 2024 17:20

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R. Linda Trading

06 августа 2024 15:05

The First Take-Profit has been reached🎯💰: +42pips

R. Linda Trading

06 августа 2024 13:05

#DOLLAR Index (DXY) After yesterday's storm caused by a weak employment report, currency markets started trading relatively calm. EUR/USD reversed some of its Monday gains thanks to a rising dollar. So did the USD/JPY pair, which nearly wiped out all of its gains for the year. The Japanese yen was the center of attention in the forex market yesterday.

Not much major news is scheduled this week, perhaps allowing traders to take a breather after a rough start to trading this week. Initial jobless claims scheduled for Thursday are likely to be closely scrutinized as they will show how many Americans have applied for unemployment benefits in the past week. This figure is used as a proxy for layoffs - the higher the number, the tighter the labor market.
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R. Linda Trading

06 августа 2024 10:54

💡 Ideas For #BNXUSDT 🥷
📈 The coin is stronger than the market. Bullish trend
———————————————
BNX is trading within the boundaries of the uptrend. Potential is not exhausted. The market is forming a correction to the liquidity zone before a further bullrun to ATH

Bulls are trying to hold the defense above the key support area, which divides the market into two planes. Fundamentally, the situation should be assessed relative to BTC and ETH. In general, everything is quite positive.
Technically, on D1 we should pay attention to the support at 407 - 380. If the bulls hold this area and form consolidation of the price above 407-410, this fact may determine the medium-term potential for the market. A reversal pattern is forming against the lower trend boundary, indicating a bullish market sentiment. The market potential is 460 - 530.

Resistance levels: 420, 460
Support levels: 407, 380, 351

The market is bullish and it is necessary to look for strong support zones to forge long positions. The focus is also on the resistance 460. A breakout and consolidation above this zone will be the reason for further consolidation to the upper boundary of the trend
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R. Linda Trading

05 августа 2024 17:27

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R. Linda Trading

05 августа 2024 16:11

#Bitcoin - False break of channel support!
If buyers hold this area, the market could give us a nice bullrun.
Focus on the 52K - 53K zone!

*I told you earlier about the 52K - 53K support - breakeven zone for miners

By the way, quite a large portion of ETF traders have now liquidated, and not only them....
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R. Linda Trading

05 августа 2024 15:25

Ahead of the news at 13:45 GMT and following at 14:00 GMT
A special focus on actual data that could either reinforce the overall decline or halt and even reverse...
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R. Linda Trading

05 августа 2024 11:54

👑 Ideas For #XAUUSD / #GOLD
📈 A retest of trend support. ISM PMI ahead...
———————————————
GOLD is moving into the correction phase amid unstable fundamental environment. The price of the metal is declining towards the rather important zone of 2420, which has shown itself more than once

Fundamentally, the market is in fear because of possible recession, which may become a motivation for the Fed to take hasty actions and more aggressive easing of monetary policy
Rumors are emerging about a possible emergency FED meeting in the near future.
Not to forget gold as a hedge asset, which continues to feel supported in volatile times.
Speculators are cautious and refrain from premature actions ahead of the ISM services PMI data and the tense situation in the Middle East.

Support levels: 2419,6, 2403, 2382
Resistance levels: 2451, 2474

Technically, gold is at a strong support at 2419 and judging by the reaction of the price to the level, the buyers are acting quite aggressively, trying to hold the market. Against this background, the price may strengthen to the nearest resistance 2430, 2445, 2450, but if the price starts to return to 2419, forming a quick retest, it will increase the chances of a possible breakdown of the bullish channel and further decline to the zone of interest and liquidity.
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R. Linda Trading

05 августа 2024 10:35

60% chance of an emergency Fed rate cut this week - BBG

R. Linda Trading

03 августа 2024 12:21

💡 Ideas For BTCUSD 🪙
📈 Why didn't we go above 70K? The reason for the drop...
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BTC has been in consolidation for 5 months. The price makes another retest of the 70K resistance, but due to several reasons failed to pass this area. A correction inside the FLAG is forming

From 70K resistance another correction to 64K has started. The reason for this is strong bullish sentiment after the US allowed bitcoin as a reserve asset. There is also a lot of attention to BTC because of the presidential race. Accordingly, the Market Maker eliminates the positive crowd (the price always goes against the crowd). And whales start buying the asset at cheaper prices.
On Friday, the NFP report and unemployment (up 4.0% to 4.3%) influenced the price drop. Rising unemployment + rising inflation had a negative impact on the markets. It is too early to buy, we should wait for the slowdown of the movement and stronger data.

Resistance levels: MA-50, 63250, 68570
Support levels: MA-200, 59300, 56500

Technically, the price is testing MA-200 and is squeezed above MA-50. If MA-200 fails to hold the price, bitcoin may go down to the lower boundary of the FLAG before a buyer can take over the situation. BUT, if the bulls hold MA-200 as support and manage to consolidate above 63300, a rise may be waiting. Overall, the fundamental background is very positive, but local economic data has a negative impact on the markets.
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