FX:XAUUSD breaks the downtrend resistance and consolidates above the key resistance 2881. A pre-breakdown consolidation is being formed against 2894, foreshadowing possible growth on the background of the dollar correction https://www.tradingview.com/x/LaL6XQod/ Trump confirmed new tariffs on Canada, Mexico and China, triggering retaliatory measures, adding to US recession risks. Falling PMI and Atlanta Fed GDP led to a sell-off on Wall Street and demand for gold as a protective asset. Geopolitical tensions persist as Trump suspended military aid to Ukraine, sparking European discontent. Markets await US employment data, which will influence Fed policy and the dollar exchange rate The price breaks through the resistance 2881, which divided the market into 2 planes. A pre-breakdown consolidation is being formed relative to 2895. The breakdown of resistance and price consolidation above 2895 may strengthen growth Resistance levels: 2895, 2921, 2929 Support levels: 2885, 2876, 2859 The main task of bulls is to keep the defense above 2885 - 2895. Against the background of growing economic risks, falling dollar, gold has all chances to continue its growth after the change of local trend. Targets in this case are 2915, 2921, 2929 Regards R. Linda!
MartyBoots here , I have been trading for 17 years and sharing my thoughts on BINANCE:XRPUSDT here. BINANCE:XRPUSDT is looking beautiful , very interesting chart for more upside and dips into support are buys Do not miss out on BINANCE:XRPUSDT as this is a great opportunity DO NOT FEAR THE DIP Watch video for more details https://www.tradingview.com/x/oqwQBQJl/
BTC is probably featuring a flat correction with an expanding ending diagonal C wave. If this is indeed the case, the next dip at 70k would be the end of the correction. It might chop around the 80k area for several days/weeks, as the cousin waves (i) and (iii) lasted about 20 days. Of course, it is possible for wave (v) to be shorter in duration, but this is not the likely scenario.
Currently at the 1/4 line, we can expect a potential pullback. So, if you want to secure some of your fat profits, just do it. Why not 50% ? If it goes up again, you have secured 50%. If it goes down, you still have 50% for a runner. However, I'm still follow the rule-set and the trading-framework of the Medianlines. Doing this, I know that prices PTG is the Center-Line.
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