R. Linda Trading

2023-05-14 19:40:30 #GOLD / #XAUUSD
#FOREX #FUTURES
#CRYPTOCURRENCY

Current situation before the opening of the session

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2023-05-14 12:13:48 Ideas For XAUUSD / GOLD
GOLD → Funadametal factors can bring the price down
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This week we are expecting rather strong news, which can ambiguously influence the price:
16.05
Core Retail Sales measures the change in the total value of sales at the U.S. retail level, excluding automobiles - analysts expect the index to strengthen.
•Retail Sales measures the change in the total value of sales at the retail level. - Analysts expect the index to strengthen
17.05
•Consumer Price Index (CPI) measures the change in prices of goods and services from the consumer's perspective-analysts expect the index to strengthen.
18.05
•Initial Jobless Claims measures the number of people who applied for unemployment insurance for the first time last week - analysts expect the index to strengthen
•The Philadelphia Fed's Manufacturing Activity Index measures the relative level of overall business conditions in Philadelphia - analysts expect the index to strengthen
19.05
•Federal Reserve Chairman Jerome Powell (Feb. 2018-Feb. 2026) to deliver speech - analysts are beginning to refrain from their forecasts, but continue to expect a rate hike.
•European Central Bank President's Speech.

Basically, if expectations hold true, the dollar could strengthen quite a bit, meanwhile gold will show the opposite trend. It is very likely that the price could test the 1981 and even 1950 area. But! The fundamental analysis showed many times that the published data can be very different from what was expected.

#XAUUSD

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2023-05-14 12:12:09 Ideas For XAUUSD / GOLD
GOLD → Funadametal factors can bring the price down
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Gold closes this week in the red zone with -0.27%. The metal is in a retracement or technical pullback phase, the target of which could be the support of the 1981 range.

Since we have a strong uptrend, we prioritize the scenario to buy gold.
The price forms a sideways range of 2048 - 1981. A false break-down of the resistance sets the price down to the area of 2000, and the next target is 1981.
The moving averages are showing an active bullish trend.
Levels, increasing panic in the market: 2010, 2000: 1981. In these areas an increase in volatility and a surge in volumes is possible.

Strong support: 2010, 2000, 1981.
Strong resistance: 2025, 2032, 2048.
I think the gold will continue the correction to 2000 and then to 1981 this week. But as long as the bullish trend persists, I will expect gold to continue to show a bullish direction over the medium and long term

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2023-05-13 13:32:01 Ideas For BTCUSD
BTCUSD → The second wave of correction. Target - 0.5 Fibo
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Bitcoin is forming a "Head & Shoulders" pattern at resistance 28470 and on the border of the ascending price channel. What to expect from the price?

At the moment, the movement is corrective and the second ABC correction wave is forming, which, theoretically, can lead the price to the level of 25400 for the expected retest of support.
The global trend at the moment is bullish, hence even small support levels play an important role.
The levels that will increase panic in the market are 27200, 26600, 25400. When these zones are broken, we should expect an increase in volatility and volume.
Since the price cannot only rise or fall all the time, it makes technical pullbacks and at the moment this movement is considered normal
The Fibo level 0.5 at 25302 may be the target for reversal. A pullback is possible from this level and prices may continue growing to the upper limit of the channel.
50SMA - as resistance
200SMA - support.

Strong resistance: level 27200, ascending line (dotted line), level 28329.
Strong support: 26655, 26600, 25400.
I expect a continuation of the pullback towards 25400. I think the bulls have a chance to hold the 25400 area before further growth.

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2023-05-13 12:31:14 Ideas For SOLUSDT
SOLUSDT → False breakdown of the 200SMA. Bullish direction
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The SOLUSDT has been in the 26-20 range for more than a month, after breaking resistance. The price makes a false break of the key support and tests the 200 SMA. What's next?

Earlier we saw a broken trend, but at the time of the breakout the market moved smoothly into a correction phase and bitcoin was dragging weak altcoins down behind it.
SOL is feeling more confident than bitcoin at the moment, tentatively, we can say that the bulls (big buyers) are trying to hold the asset of interest.
If the level of 20.34 will be held, then in the medium term it is worth to expect a breakdown of 26.05 and further growth towards 38.39, as this area is the key liquidity zone at the moment.

Strong support: 20.34, the 200 SMA, the descending boundary of the channel
Strong resistance: 50 SMA, 26.05.
I expect a rebound from the level of 20.34 and growth in the medium term, as the coin shows us good bullish potential at the moment.

#SOLUSDT

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2023-05-13 11:43:36 #KAVAUSDT +12% Target 1 reached! Open / Comment

2023-05-13 11:43:21 #KAVAUSDT Update:

Bitcoin is falling to 26000, but at the same time KAVA is showing strength and testing the 0.954 area.
Price shows good momentum after breaking resistance

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2023-05-03 12:24:27 Strong resistance: 2019, 2025 and 2032.
Strong support: 2010, 2000, the boundary of the downward channel.
Gold is showing us a positive trend. If fundamentals show bullish potential for the dollar, gold will return to the correction rate format. But technically gold has accumulated a lot of potential, and a break-down of the resistance shows us the direction in which the futures are going to realize this potential.

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2023-05-03 12:24:05 Ideas For XAUUSD / GOLD
GOLD → A bullish breakdown of the channel. Upcoming news
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Gold broke through the 2000 resistance zone on yesterday's news and was a bit unpredictable, strengthening for 2015, as on the older timeframe the prerequisites were only for a decline.

There is a lot of news today that will throw the market into turmoil.
Non-farm employment expectations from ADP are hard to predict as the reaction will depend on the actual figure, which we do not yet know. The PMI is expected to be more positive than in the previous period.

FOMC Expectations:
•BlackRock and former U.S. Treasury Secretary expect that the problem with banks and the government debt ceiling will not prevent the Fed from raising rates today.
•Consensus: The Fed will raise rates by 0.25% at today's meeting and then take a pause.
•Fedwatch: markets are laying down a 91% chance of a 0.25% Fed rate hike in May.
All this suggests that a slight strengthening of the dollar is likely to follow, but, again, the situation is complicated, we'll keep an eye on the press releases.

#XAUUSD

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2023-05-03 11:12:31 There's a lot of news coming out today.
The market can be quite volatile.
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