GOLD - A false breakout of resistance within a bearish trendICMARKETS:XAUUSD has broken out of its short-term descending channel within the current distribution phase and is now testing the 4134 liquidity zone while printing fresh intermediate highs. Despite the technical recovery, the broader fundamental backdrop remains weak
Gold remains caught between geopolitical support and pressure from hawkish Federal Reserve expectations and elevated real yields. Analysts note that a sustainable recovery would likely require lower oil prices, declining bond yields, and softer expectations for further monetary tightening. Until then, the upside potential is expected to remain limited.
At the moment, oil prices continue to rise, while the U.S. dollar has strengthened for a fifth consecutive session, maintaining its broader bullish trend.
Bullish drivers: Geopolitical de-escalation, Falling oil prices, A weaker U.S. dollar, Softer expectations for Fed rate hikes
Bearish drivers: Escalation of geopolitical tensions, Rising oil prices, Hawkish Fed rhetoric, Continued U.S. dollar strength
Resistance levels: 4124, 4134, 4195
Support levels: 4103, 4067, 4028
Technically, the market is testing a key liquidity pool within the current distribution phase and may be forming a short squeeze. If bears manage to keep price below the 4124–4134 resistance zone, it could trigger another leg lower in line with the broader daily bearish trend
Best regards,
R. Linda 
Short
BITCOIN - A distribution toward 67K before a decline?BINANCE:BTCUSDT.P has transitioned from consolidation into a distribution phase following the breakout above resistance and is now advancing toward a key resistance zone within the broader bearish trend
The fundamental backdrop remains relatively weak for the cryptocurrency market. However, spot Bitcoin ETFs have recorded inflows for five consecutive trading sessions, providing short-term support for the current rally.
From a technical perspective, Bitcoin has broken above the 65,600 resistance level, and the momentum built during consolidation could drive price toward the 67,250 resistance zone. Nevertheless, given the prevailing higher-timeframe bearish trend, this area may act as a significant barrier and halt the advance
Resistance levels: 67,250
Support levels: 65,600, 63,800, 61,800
The broader market trend remains bearish. Price is approaching the key 67,250 resistance zone, where a short squeeze could shift momentum back in favor of sellers. If bears regain control at this level, Bitcoin could reverse and resume its primary downtrend toward 65,600, 63,800, and 61,800
Best regards,
R. Linda 
Short
GOLD - A short squeeze before the decline continues toward 3900ICMARKETS:XAUUSD is hovering around the $4,000 mark on Monday, caught between bullish and bearish pressure as markets digest the ongoing escalation of tensions between the U.S. and Iran, while this week's U.S. economic calendar remains relatively light
The U.S. dollar remains in consolidation, although the Dollar Index (DXY) continues to maintain its broader bullish trend. Gold remains under pressure, and the daily technical outlook continues to favor the bears, limiting the potential for a sustained recovery. At this stage, there are few signs that this scenario will change in the near term.
Bearish drivers: Escalation of the U.S.–Iran conflict, supporting both the U.S. dollar and oil prices, Hawkish Federal Reserve rhetoric, Bearish technical market structure
Bullish drivers: Geopolitical de-escalation, Weaker-than-expected U.S. macroeconomic data, Profit-taking after recent declines
Resistance levels: 4028, 4043, 4065
Support levels: 3960, 3943, 3900
Gold remains under selling pressure due to a combination of technical and fundamental factors. The broader trend is still bearish. Technically, the market is confirming resistance around 4028.6, and a short squeeze into the 4028.6–4065 liquidity zone remains possible before the broader downtrend resumes toward 3940–3900
Best regards,
R. Linda Short 
GOLD - The hunt for liquidity before the fall to 3900...FX:XAUUSD has completely unwound the bullish momentum generated by the recent news and has printed fresh local lows. The market remains in both a local and broader bearish trend, driven by persistent fundamental and geopolitical uncertainty
Gold continues to trade under pressure, with sellers firmly in control. The next key catalysts will be the U.S. Consumer Sentiment and Inflation Expectations reports. The technical outlook remains bearish, with price making new local lows while still holding above the key 3960 support area. Before the broader decline resumes, the market may enter a liquidity sweep phase, with downside potential extending toward 3940–3900.
Bearish drivers: Escalation of geopolitical tensions, Rising oil prices and a stronger U.S. dollar, Hawkish Federal Reserve rhetoric, Strong U.S. economic data
Bullish drivers: Geopolitical de-escalation, Weaker-than-expected consumer sentiment data, End-of-week profit-taking
Resistance levels: 4028, 4043, 4065
Support levels: 3960, 3943
The U.S. dollar remains in a strong bullish trend, reinforcing the bearish outlook for gold. Technically, the market is developing a breakout structure around the 3960–3940 support zone. A sustained break and close below this area could trigger another leg lower.
However, before the next sell-off, a short squeeze toward the 4028–4065 resistance zone remains possible. A false breakout of this area could attract fresh selling pressure and accelerate the broader downtrend
Best regards,
R. Linda Short 
BITCOIN - A false breakout of resistance in a bear market BINANCE:BTCUSDT.P is forming a retest of the key 64,500 resistance level as part of a countertrend correction, trapping late buyers while the market remains in a liquidity sweep phase
The broader trend remains bearish. Unstable ETF flows, the lack of meaningful fundamental support, and ongoing geopolitical uncertainty continue to weigh on the market.
Within the broader bear market, the market maker has swept liquidity above 64,500 before pushing price back into the trading range. Bitcoin remains in a 62,000–65,000 consolidation zone, while the higher-timeframe trend continues to point lower. A short squeeze into the resistance area could trigger another sell-off toward the 60K–50K region
Resistance levels: 64,450, 64,700, 65,600
Support levels: 62,750, 61,300
A retest of the liquidity pool above 64,450 may attract renewed selling pressure. If bears successfully defend this key resistance zone, it would further confirm the prevailing bearish market structure and increase the probability of a decline toward 62,750 and 61,300
Best regards,
R. Linda Short 
GOLD - Anticipating a short squeeze before the decline continuesICMARKETS:XAUUSD experienced a short squeeze around the key liquidity zone following Tuesday's CPI release. However, the market quickly regained its bearish momentum and resumed selling in line with the prevailing trend
The U.S. dollar remains in consolidation, as does the broader market, but the Dollar Index (DXY) continues to maintain its broader bullish trend, keeping pressure on gold. The lack of fundamental support, combined with ongoing geopolitical tensions, continues to favor the bears. The escalation of the U.S.–Iran conflict in the Strait of Hormuz remains a key source of uncertainty
Gold is still under pressure, with sellers maintaining control and using every rebound as an opportunity to initiate new short positions. The next major catalysts will be the U.S. Producer Price Index (PPI) and speeches from Federal Reserve officials, including Warsh. The daily technical structure remains bearish.
Bearish drivers : Escalation of the geopolitical conflict, Higher oil prices, Hawkish Fed rhetoric, Technical sell-on-rallies
Bullish drivers : Geopolitical de-escalation, Weaker-than-expected inflation data (including PPI), Dovish Fed commentary
Resistance levels: 4062, 4103
Support levels: 4021, 3986, 3960
Technically, gold is testing the 4021 intermediate support level. A local false breakdown could trigger a countertrend rebound toward the 4062 resistance zone to sweep liquidity before the broader downtrend resumes toward 3986–3960
Best regards,
R. Linda Short 
USDCAD - From consolidation to downward distributionFX:USDCAD is forming a reversal pattern following its recent strong rally. The market appears to be transitioning from a consolidation phase into a distribution phase
The U.S. dollar has entered a period of consolidation, while the Canadian dollar is beginning to strengthen, putting additional pressure on the pair.
After the strong advance, USDCAD moved into a 1.4150–1.4250 trading range. Instead of continuing higher, price is now showing signs of a reversal. Buyer participation may lead to a distribution phase, with the market potentially moving lower to fill the existing fair value gap (FVG)
Resistance levels: 1.4150, 1.4177
Support levels: 1.4092, 1.4024
Technically, after breaking below the consolidation support, bears are attempting to keep the price below the 1.4150 range boundary. As long as this level remains under sellers' control, the market may continue its decline toward 1.4092 and 1.4024
Best regards,
R. Linda GOLD - A countertrend correction before a decline FX:XAUUSD has reversed lower from the 4120–4133 resistance zone—exactly the scenario we had been anticipating since the end of last week—and is now testing the 4050 support area while forming a false breakout. The fundamental and geopolitical backdrop remains weak, suggesting that the broader decline may continue
Gold fell sharply on Monday, breaking below the $4100 level as renewed tensions in the Middle East boosted the U.S. dollar. Although the dollar is currently consolidating, it remains in a broader bullish trend, supported by ongoing geopolitical uncertainty. The overall market remains under bearish pressure, with the technical outlook still negative. The next major catalysts will be the U.S. CPI report, Fed Chair Warsh's speech, and further developments in the Middle East.
Drivers:
Bearish for gold: Escalation of the conflict (strengthening the U.S. dollar while pushing oil prices and inflation higher), Hawkish Fed signals, Strong U.S. inflation data
Bullish for gold: Geopolitical de-escalation, Weaker-than-expected CPI data, Dovish comments from Warsh
Resistance levels: 4093, 4108, 4133
Support levels: 4054, 4021
Technically, the market is forming a false breakout below the daily support level. Bulls are attempting to defend the area, which could trigger a corrective rebound toward the 4090–4110 interest zone before the broader downtrend resumes toward 4020–3960
Best regards,
R. Linda Short 
BITCOIN - Retest of the 64,500 liquidity zone BINANCE:BTCUSDT.P remains within the 58,000–67,000 trading range, established as part of the broader bearish trend. Locally, the market is testing the upper boundary of the consolidation zone at 61,000–64,500, with the primary focus now on the resistance area
Bitcoin is currently caught between three major forces: the hawkish FOMC minutes, unstable ETF flows—with outflows resuming after three consecutive days of inflows—and ongoing geopolitical uncertainty. The market still lacks a strong fundamental catalyst. From a medium-term perspective, Bitcoin could decline toward 58K–50K before a potential long-term bottom is formed. The broader trend remains firmly bearish.
Technically, Bitcoin is advancing toward the 64,370–64,690 resistance zone. This move may represent a liquidity grab before another leg lower
Resistance levels: 64,370, 64,690
Support levels: 62,550, 61,300
Bitcoin is forming a countertrend correction into a key resistance zone, which also coincides with the upper boundary of the current trading range and a major liquidity pool. A short squeeze in this area could shift momentum back in favor of the bears, while consolidation below this resistance zone may trigger another decline toward 62,550 or the range support at 61,300
Best regards,
R. Linda Short 
GOLD - Breakdown from consolidation. Bearish pressureFX:XAUUSD failed to extend last week's rally despite the temporary improvement in the fundamental backdrop. Following yesterday's geopolitical escalation, market sentiment has shifted again, putting renewed pressure on the metal
Gold recovered modestly on Wednesday after its recent decline, but gains remain limited by the stronger U.S. dollar. Market attention is now focused on the minutes from the June FOMC meeting, which could provide further clues about the Fed's rate outlook.
Additional pressure comes from renewed tensions between the U.S. and Iran and rising oil prices, both of which have reinforced inflation concerns. As a result, markets have increased the probability of a September Fed rate hike to 63%. Gold's next move will likely depend on both the FOMC minutes and further developments in the Middle East
Resistance levels: 4123, 4133, 4195
Support levels: 4090, 4030, 3960
Technically, after breaking out of its consolidation range, gold is now forming a countertrend correction toward a liquidity zone while producing a false breakout above resistance. Bears are attempting to defend the 4120–4130 resistance area. A consolidation below 4120–4130 could trigger another decline toward 4090, 4030, and 3959, as selling pressure continues to build within both the local and the broader bearish trends
Best regards,
R. Linda Short 
GOLD - A shift in the fundamental backdrop. Locally bullishFX:XAUUSD is breaking its recent market structure and transitioning into a local distribution phase within the broader bearish trend. The primary focus is on the 4120–4200 range
Gold has staged a strong rebound after weaker-than-expected U.S. employment data shifted Fed rate expectations from hawkish to neutral. The probability of a rate hike at the next meeting has fallen to 18%, while the U.S. dollar and Treasury yields have both declined, creating favorable conditions for a recovery following gold's sharpest quarterly decline in 13 years.
With the July 4th holiday approaching, profit-taking could increase volatility. Although bearish pressure has eased, the broader technical outlook remains cautious.
Technically, after the short squeeze into the 4190–4200 liquidity zone, gold may enter a corrective phase toward support before attempting another move higher. However, both the global and local trends remain bearish
Resistance levels: 4198, 4220, 4329
Support levels: 4150, 4125, 4061
A correction and retest of the 4130–4120 liquidity zone could provide bulls with another opportunity to push the market higher. Market makers may target a retest of 4220, with a potential medium-term extension toward 4330
Best regards,
R. Linda Long 
BITCOIN - A false breakout of resistance during a bearish trendBINANCE:BTCUSDT.P remains in a bearish trend and is currently retesting the 60700 resistance zone. Both the global and local trends continue to favor the downside.
Bitcoin is caught between three key forces: the Fed's softer rhetoric (Kevin Warsh signaled easing inflation risks, reducing pressure on risk assets), record institutional outflows (the tenth consecutive day of ETF outflows, with $4.5 billion withdrawn in June), and a countertrend correction within the broader bearish trend.
Technically, the market is showing signs of a false breakout around resistance as sellers attempt to defend the area. Consolidation below 60700 could trigger another leg lower.
Resistance levels: 60700, 62200
Support levels: 59555, 58320, 58030
The focus remains on two key trigger levels: 60730 and 62232. If the market fails to reclaim 60730 after the false breakout, Bitcoin could resume its decline toward 59500–58000. However, a retest of the 62200 resistance zone cannot be ruled out. A short squeeze into either resistance area could create the conditions for another bearish move.
Best regards,
R. Linda Short 
GOLD - Consolidation amid a bearish trend ICMARKETS:XAUUSD remains in both a global and local bearish trend. Within the broader downtrend, the market is consolidating, with price action suggesting a potential continuation lower. The key range to watch is 3959–4018–4090
Gold continues to trade under pressure. The main event in focus is Fed Chair Kevin Warsh's speech at the ECB Forum in Sintra. His comments could either reinforce or challenge the Fed's recent hawkish stance.
The U.S. dollar continues to strengthen amid renewed U.S.–Iran tensions, hawkish Fed rate expectations, and USDJPY climbing to multi-decade highs. Together, these factors continue to weigh on gold.
Key drivers:
Bearish: stronger U.S. dollar, rising Treasury yields, hawkish Fed signals, ongoing geopolitical uncertainty.
Bullish: progress in geopolitical negotiations, weaker U.S. economic data, or a dovish shift from the Fed
Resistance levels: 4018, 4090, 4121
Support levels: 3959, 3886, 3819
Gold remains in a well-defined bearish structure on both the local and higher timeframes. The preferred trading bias remains to the downside, with 3959 and 4018 serving as the key trigger levels. Price is consolidating around 3959, while the reaction from buyers is gradually weakening. A breakdown below support—or a short squeeze into 4018—could trigger the next impulsive move lower
Best regards,
R. Linda Short 
GOLD - The Hunt for Liquidity Before the Crash ICMARKETS:XAUUSD remains under pressure. The key events to watch this week are the Qatar negotiations, new Fed Chair Kevin Warsh's speech at the ECB Forum in Sintra, and the U.S. Non-Farm Payrolls (NFP) report. Any rebound is likely to be viewed as a selling opportunity
Gold starts the week with a bearish bias after posting its fourth consecutive weekly decline and ending a two-day recovery from seven-month lows.
The market remains under pressure from a combination of factors: the Fed's hawkish shift (with nearly a 90% probability of a December rate hike and expectations for two hikes by year-end), a stronger U.S. dollar trading near yearly highs, and record outflows from gold ETFs. The U.S. Dollar Index continues to trade in a strong bullish trend, adding further pressure to gold prices.
Technically, the market is currently developing a corrective phase aimed at hunting liquidity. Key areas of interest are 4090 and 4198.
Resistance levels: 4090, 4121, 4198
Support levels: 3983, 3964, 3920
A short squeeze into the 4090–4121 zone could trigger another leg lower toward 3900–3800. However, a more aggressive countertrend rally toward the 4198 liquidity zone cannot be ruled out before the broader bearish trend resumes
Best regards,
R. Linda Short 
SOLUSDT - Countertrend correction. Waiting for a short squeezeBINANCE:SOLUSDT is developing a countertrend rally against the backdrop of a broader bearish market and a local range, while Bitcoin continues to test a key support zone
Bitcoin remains under heavy pressure from a combination of factors: the Fed's hawkish stance, record institutional outflows, the expiration of $10.6 billion in options, the fading geopolitical risk premium following the U.S.–Iran peace agreement, and capital rotation into AI-related stocks. At the moment, the market lacks meaningful fundamental support, and the medium-term outlook remains bearish
In contrast, Solana is showing relative strength despite Bitcoin's weakness, rebounding by 6–10% on the back of strong interest in tokenized equity trading and increased futures speculation ahead of a potential airdrop
Resistance levels: 74.66, 76.06, 76.63
Support levels: 68.07, 65.86, 64.66
As part of the current countertrend move, Solana is developing an aggressive corrective rally. Technically, this advance may be aimed at building liquidity. Market makers may extend the move toward the 74.66–76.63 area of interest, where a short squeeze could develop before the market resumes its decline toward 68.0–64.6
Best regards,
R. Linda 
Short
GOLD - Countertrend correction to the liquidity zoneFX:XAUUSD appears to be forming a local bottom and may enter a countertrend correction to build liquidity. However, the broader outlook remains negative, driven by a weak fundamental backdrop, a strong U.S. dollar, and the prevailing bearish trend
Gold remains vulnerable. The technical picture, combined with uncertainty surrounding the security of shipping through the Strait of Hormuz, continues to weigh on prices. In addition, doubts over the durability of the U.S.–Iran peace agreement are keeping buyers on the sidelines.
Technically, the market has printed a new low at 3960, confirming the broader bearish structure that aligns with the global market trend. A corrective move toward 4090–4121 is expected before the downtrend potentially resumes
Resistance levels: 4090, 4121, 4198
Support levels: 3983, 3964, 3915
As part of the countertrend correction, gold may test the 4090–4121 liquidity pool. A short squeeze in this area could trigger another decline toward 3983–3964. However, a deeper correction toward the key liquidity zone at 4198–4200 cannot be ruled out, where another bearish reversal may develop
Best regards,
R. Linda Short 
BITCOIN - Consolidation (correction) before the fallBINANCE:BTCUSDT.P remains under pressure. There is no meaningful fundamental support for the market, while the broader bearish trend continues to define the medium-term direction. There are still no clear signs of a market bottom forming
Globally, Bitcoin continues to maintain a bearish trend. Within this trend, the market remains in a consolidation phase with no indications of a reversal. Technically, the downtrend may continue in the medium term.
Fundamentally, the outlook remains weak. Cryptocurrency inflows to exchanges continue, while spot ETF outflows persist. Any attempts to rally are increasingly viewed as potential traps before another leg lower. A retest of 59800 followed by a close below this level would be a strong signal that the market is preparing to move toward 50K
Resistance levels: 63220, 63750
Support levels: 62230, 60750, 59800
Following the distribution phase and the long squeeze below the 62232 support level, a countertrend correction is developing, aimed at hunting liquidity. As part of this correction, Bitcoin may test the 63220–63750 area before resuming its decline. A short squeeze in this zone could trigger a further move lower toward 60800–59800
Best regards,
R. Linda Short 
GOLD - A correction before the decline continues toward 4000ICMARKETS:XAUUSD continues to decline and print new lows under pressure from three key factors: a strong U.S. dollar, a weak fundamental backdrop, and ongoing geopolitical uncertainty. In the medium term, the market may remain under bearish control.
Sellers continue to dominate. The dollar remains strong, while expectations of a Federal Reserve rate hike continue to pressure gold as a non-yielding asset. Any rebound is likely to be viewed as an opportunity for fresh selling. Key catalysts ahead include PMI data releases and developments in the Middle East.
Drivers:
Downside: a stronger dollar, hawkish Fed expectations, persistent geopolitical uncertainty, and strong PMI data.
Upside: progress in negotiations, a dovish Fed signal, weak PMI data, and profit-taking on long dollar positions.
Resistance levels: 4170, 4210
Support levels: 4123, 4050
A retest of the trading range support is developing. The market is testing 4123 within the current distribution phase, and there is a high probability of a corrective move toward the liquidity zone before another decline. A short squeeze into the 4160–4170 area could trigger a further move lower toward 4050.
Best regards,
R. Linda Short 
Short 
Short 
GOLD - A hunt for liquidity ahead of a drop to 4,400 ICMARKETS:XAUUSD has found itself in a difficult position: the Federal Reserve's hawkish stance and a strong U.S. dollar continue to weigh on the metal. Following the latest advance in the dollar, price has entered a liquidity-hunting phase
On June 17, the first FOMC meeting under new Fed Chair Kevin Warsh took place. The Committee unanimously kept interest rates unchanged within the 3.50%–3.75% range. However, the market is still pricing in one full rate hike this year, and the Fed's hawkish outlook continues to support an already bullish U.S. Dollar Index, creating additional pressure on gold.
Gold is currently trapped between three major forces: the Fed's hawkish pivot, the cancellation of negotiations in Geneva, and the technical breakdown of key support levels.
Technically, the market is forming a countertrend correction toward key liquidity zones before a potential continuation of the broader decline
Resistance levels: 4171, 4200, 4219
Support levels: 4123, 4052, 4000
Following another sharp decline, gold has stabilized around the local support level at 4123. The market may develop a corrective move aimed at sweeping liquidity before the next leg lower. The primary area of interest remains 4200–4220. A short squeeze within this zone could trigger another decline toward 4120–4050
Best regards,
R. Linda Short 
Short 
GOLD - Countertrend correction may continueICMARKETS:XAUUSD continues its correction amid a temporary pullback in the U.S. Dollar Index. Technically, this remains a countertrend move. All eyes are now on geopolitical developments and the upcoming Federal Reserve rate decision
Gold is caught between geopolitical support and intense macroeconomic pressure, compounded by the technical break below the 200-day SMA. Wall Street analysts continue to maintain a predominantly bearish outlook.
The U.S. dollar is currently correcting after a false breakout above the 100.0 level. Technically, however, the index remains in a bullish trend, which continues to weigh on gold amid ongoing geopolitical uncertainty.
Against the backdrop of both local and global bearish trends, the market is developing a countertrend corrective phase. The focus remains on the 4246–4170 range. Fundamentally, gold lacks strong support, although a local bullish reaction is currently visible. The market is targeting the 4325–4368 liquidity zone before a potential continuation lower
Resistance levels: 4246, 4315, 4347
Support levels: 4170, 4100, 4057
I expect the local bullish impulse to continue. Before extending higher, gold may retest the 4180–4170 area. A long squeeze could trigger an advance toward 4315–4347. However, a short squeeze around the resistance zone could increase selling pressure and lead to a decline toward 4170–4100.
Best regards,
R. Linda Short 
