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Cosolidation

GOLD → Lower interest rates are ahead. A stalemate... ↑↓FX:XAUUSD is consolidating between 2588 - 2562. But, buyers are not yet out of the game in the hope of continued growth. Then everything depends on the Fed. Welcome to the casino :) At 18:30 the FOMC & FED will meet to decide whether to cut rates. 0.25% or 0.5%. A 0.5% Fed rate cut could send a mixed signal about the state of the US economy: the Fed's concern about the economy, and that a “soft landing” may not turn out to be so soft, but it would be a strong bullrun signal for gold. A weaker policy, could provoke an unpredictable reaction, which would temporarily disappoint investors. In such a case, a correction to 2550-2525-2500 may form (price may bounce from any zone shown on the chart) before a further global rally, as the general tone of the market is set by the global Central Bank's interest rate cuts.... Resistance levels: 2575, 2588, 2600, ... Support levels: 2561, 2550, 2530 It is difficult to say about expectations, as the uncertainty is high due to the fact that the overall situation is stalemate, either this way or that way. I recommend to refrain from trading on the news and wait for the volatility to decrease . The trading range for today is very wide.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
GOLD → Inside the key range. Emphasis on MA-200 ↑FX:XAUUSD is once again testing the resistance of the 2531 range, but is not able to overcome it yet. At the same time the dollar is forming a flat in anticipation of important news.... “Dovish” expectations of the Fed and persistent geopolitical tensions in the Middle East will continue to support the price of gold. The Israeli army mobilized thousands of soldiers from special units in preparation for a major operation in the northern West Bank. Despite the bullish sentiment around the gold price, the upcoming Fedspeak could have an impact on the markets. Technically, the market is in a strong bullish trend, another range is forming and price is confirming its boundaries. Focus on trend support and SMA-200 on H1. If trend support fails to hold the price, gold may reach the lower end of the range, after which it will continue to rise. Resistance levels: 2517, 2531 Support levels: MA-200, trend, 2501, 2493 As long as the gold is within the ascending channel, we should consider long positions against the support. But if MM decides to lower the price, we should wait for correction to liquidity zones and count on growth from 2486, 2477. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
24
GOLD → Bulls and bears still can't split the 2300 areaFX:XAUUSD is forming a sideways range and continues to test a strong resistance area. Bulls and bears continue to fight and still cannot share a strong area. Possible shake-up. Gold is in the active phase of the correction, which started as early as last Friday and we were ready for it. The price is already down 5.7% from the high and most likely this is not the limit. A descending price channel starts to appear on H1, which generally determines the medium-term outlook for us. Below the zone of 2330 a range is formed with the purpose of accumulation of potential. At the same time the price is testing resistance and there may be a shakeout or price entry into deeper liquidity areas with the purpose of further decline. Resistance levels: 2330, 2355, 2365 Support levels: 2305, 2290, 2267 The liquidity area on the resistance side may be tested with the aim of further decline, as the market is currently in a downward correction phase. Regards R. Linda!
FX:XAUUSDShort
by RLinda
5
Fantom Launches Testnets For Sonic Upgrade, Estimates 6,700%Fantom Launches Testnets For Sonic Upgrade, Estimates 6,700% Throughput Gain Fantom launched testnets for its upcoming revamped tech stack, Sonic, on Oct. 24, with the team claiming Sonic’s throughput will compete with major credit card companies and banks. In a blog post, Fantom Foundation estimated Sonic can support up to 2,048 transactions per second (TPS) and an average finality of around 1.1 seconds. The upgrade also targets a 90% reduction in database storage and a lowered collateral requirements of 50,000 FTM for stakers, in addition to launching a new virtual machine. “Sonic puts Fantom’s transactional capabilities on par with the heavy throughput of institutional players like major credit card companies, international banks, and enterprise institutions,” Fantom said. “The upgrade is the latest step in Fantom’s mission to improve its underlying platform without resorting to sharding or additional layers.” The upgraded Fantom Virtual machine remains fully compatible with the Ethereum Virtual Machine and its programming languages. Fantom is targeting a mainnet deployment for Sonic during Q2 2024. The news comes amid a brutal downtrend for Fantom, with the network shedding 99.4% of its total value locked (TVL) since ranking as the third-largest Layer 1 with an all-time high of $7.9B in early March 2022, according to DeFi Llama. Just FWB:47M worth of assets are locked in Fantom-based DeFi protocols today, up from an 18-month low of $39.2M last week. Two testnets Fantom deployed both a public and a closed testnet for Sonic. The closed testnet is intended to showcase Sonic’s maximum capabilities, while the public testnet is open for any user to explore. Fantom said it is feeding the closed testnet with more than 2,000 TPS or 175M synthetic transactions daily to simulate its peak performance. This compares to a throughput limit of 30 TPS for the existing Fantom mainnet. Fantom also estimated Sonic validators require 351 GB to store 518M pruned transactions, a 29% reduction compared to 1,194 GB on the Fantom mainnet. “The reduction in operational costs… decreases the barrier to entry to operate a cost-effective validator and makes it more accessible to participate in securing the network,” Fantom said. Roughly Two-thirds of the transactions are ERC-20 transfers or mints, a quarter are Uniswap swaps, and 10% are native token transfers. The closed testnet will reset every fortnight. The public testnet is also being fed synthetic transactions, but at a reduced rate of 130 TPS to leave room for transactions executed by public users. Fathom has undergone a consolidation move lately but on the verge of a major breakthrough.
Long
by DEXWireNews
Trade Setup for 22 May 2023This will be my trade setup for 22-May-2023 In Previous few sessions price is in consolidation between 800 Points. Missing ATH by 0.10 points :) Following will be trade setup for tomorrow : From Price action price is moving upwards and making HH and HL and with Resistance placed at ATH (44151.80) and making it a Ascending Triangle pattern respecting Rising Trendline. 1.) If opens flat and sustain opening price will look for buying CE for 1st Target of just Below ATH. 2.) If opens gap up near about ATH will look if price sustain if not then will look for PE Buy for take of 43850, 43730. 3.) If opens Gap Down near 1st support of 43900 levels and if respects support will look for CE Buy for target of ATH. and if price doesn't hold near support will look for PE Buy for target of Trendline support (43630). I will trade keeping above points in mind. This is not an Advise of any kind to trade based on above. views are bullish to neutral ( Consolidation ) to big move above ATH. :) Hit Like to keep me motivated for keeping my daily trade Journal :)
NSE:BANKNIFTY
by TradeInsights
GBPCAD 9 March 2021 Time frame: 1DHi traders and welcome to my channel ... gbpcad still in a big range on my daily chart … I think the price going to touch the resistance : 1.76416 after rejection from daily support area to creates a head and shoulders pattern completely and then going drop to the level of 1.74833 and I expect more to next level of support at 1.7189 All info can be found in my chart. . Good luck guys and be careful . *Support this idea with a Like or Comments if you find it useful* ... Thank you ________________________________⠀ DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
by saeedmp
2
BTC Mid Term - Consolidation At Key LevelThe purple lines represent the actually trend channel. The turquoise line is the actually support level. As we can see we have a consolidation at the 78,60% Fibonacci-Retracement (6370 Yuan) which i would see as an important level. At the RSI we have a bearish divergence at the 1 hour chart. The channel range is between 6500 yuan and 6200 yuan. A break to the downside of 6156 could lead to a bigger selloff. A Break of 6500 could lead to a bigger move to the upside.
B
by Gebbo