Zigzag

GOLD - The Hunt for Liquidity Ahead of a Decline ICMARKETS:XAUUSD continues to form a countertrend correction, driven by the decline in oil prices. The fundamental backdrop remains weak... The dollar is stagnating after a strong rally triggered by the Fed’s hawkish stance and rising interest rates. However, the Dollar Index remains strong, which continues to put pressure on gold. At the same time, the decline in oil prices has given the metal some room to recover. The market remains highly dependent on geopolitical developments. There is not much major news ahead next week, with the key focus on PMI data and Friday’s Durable Goods Orders. Technically, gold remains under pressure from the bearish trend Resistance levels: 4,402, 4,434, 4,511 Support levels: 4,340, 4,250, 4,200 Gold is forming a countertrend correction. The dollar remains strong, while the fundamental backdrop is unfavorable for gold due to the Fed’s hawkish stance and rising interest rates. Technically, the key focus is on two triggers: 4,402–4,434. A short squeeze could trigger a decline toward 4,340–4,250 Best regards, R. Linda!

SOLUSDT - A hunt for liquidity ahead of the rally's continuation BINANCE:SOLUSDT confirms its bullish market structure. The long squeeze of support that we expected in the previous analysis played out perfectly. The bulls quickly took control of the situation and strengthened their positions... Previously, we discussed how the market turned out to be stronger than expected: Bitcoin showed virtually no reaction to higher interest rates, the Fed’s hawkish stance, or the fact that the CLARITY Act was not passed. Consolidation continued, which further confirmed the strength of the market. As for Solana, the altcoin is breaking through the consolidation resistance, suggesting that the coin is ready to continue its move higher. The rally was triggered by a long squeeze of support and the overall strength of the market Resistance levels: 116.7, 127.0 Support levels: 110.6, 107. 44 Technically, Solana could retest the 110.6–107.44 support zone, which represents both key triggers and liquidity areas. A retest of these levels could become a technical catalyst for further upside toward 116.7–127.0 Best regards, R. Linda!

GOLD - A countertrend correction aimed at liquidity hunting ICMARKETS:XAUUSD has been forming a countertrend correction toward the 4,400–4,430 liquidity zone since the session opened. The fundamental backdrop remains weak, and the market is still in a bearish trend The dollar is stagnating after breaking through local resistance levels. The Fed’s hawkish stance and rising rates are supporting the Dollar Index, which is putting medium-term pressure on the metals market. However, the correction in oil prices is giving gold some room to recover as it tests key levels. Gold is stabilizing, but further upside remains limited by the Fed’s hawkish outlook and geopolitical risks. The BOJ decision and developments in the Middle East will determine the short-term direction Drivers: Upside: further declines in oil prices and yields, de-escalation of the conflict, softer U.S. data, dovish BOJ. Downside: escalation in the Middle East, higher oil prices, hawkish Fed stance, dollar strength Resistance levels: 4,402, 4,435, 4,495 Support levels: 4,340, 4,253, 4,200 Gold is forming a countertrend correction amid dollar stagnation. A short squeeze of the 4,400–4,435 resistance zone — with the key focus on two triggers — could trigger a decline toward the key support levels. The formation of reversal patterns after the retest could provide a potential entry opportunity Best regards, R. Linda!

SOLUSDT - The Hunt for Liquidity Before Growth Resumes BINANCE:SOLUSDT.P continues to consolidate, just like the rest of the market. Technically, this is a favorable sign for further upside. However, important news is ahead... Bitcoin is in consolidation, as is the rest of the market. Key news is ahead: the FOMC meeting and consideration of the cryptocurrency legislation. Solana is also consolidating, while at the same time maintaining its local bullish trend amid expectations of upcoming news. Technically, a liquidity pool has formed below 97.34, which could be tested before a rally higher. A long squeeze of the current range support could trigger further upside. However, a breakdown of the market structure on negative news could lead to a broader market decline Resistance levels: 103.88, 107.4 Support levels: 98.3 - 97.3 A favorable fundamental backdrop, a false breakdown of support, and price consolidation above 98.3 could become a technical catalyst for further upside toward 103.88–107.4–110 Best regards, R. Linda!

HYPEUSDT - Consolidation in a bull market...BINANCE:HYPEUSDT.P is consolidating within the 76.70–90.0 range. The altcoin is maintaining its bullish trend, while the current range following the strong rally suggests that this coin is stronger than the broader market Bitcoin remains in consolidation and has shown virtually no reaction to higher interest rates or the failure of the CLARITY Act to pass. This confirms the strength of the market. HYPE is also still consolidating. A false breakdown of support followed by a return to the range could trigger a continuation of the uptrend. The key focus is on the correction resistance confluence and the 80.600 level. A close above this zone could become a technical catalyst for further upside Resistance levels: 80.600, 82.68, 88.16 Support levels: 76.69, 70. 0 Technically, the consolidation above the range support has supported the coin, which in turn triggered further upside. However, for a rally to develop, price needs to break the local corrective trend. A close above 80.6 could open the door to further upside toward the ATH Best regards, R. Linda!

Gold (XAU/USD) 4H – Bearish Retracement Setup Toward IRL FVG/POI Structure: Price swept the sell-side liquidity zone (~4,000-4,050) after a corrective consolidation (the yellow zone), then triggered a clear market structure shift, confirming a bullish leg. This rally pushed price into the order block zone near 4,650-4,700 where it also tagged buy-side liquidity — a classic zone for smart money to distribute and reverse. Current phase: After tapping the highs, price has pulled back sharply into the IRL FVG (imbalance/fair value gap) around 4,450-4,550, which lines up with POI 1 and POI 2 marked on the chart. This is the zone the chart is treating as a potential reaction/reversal area for a continuation of the downside move. Bearish targets: Below current price (4,391), the chart marks three descending POIs — Bearish POI 1 (~4,300), POI 2 (~4,260), and POI 3 (~4,180) — suggesting a stepped bearish continuation scenario if the FVG zone rejects price, potentially revisiting the market structure shift level and beyond. Key levels to watch: Resistance/Supply: 4,450-4,550 (IRL FVG / POI zone) Support/Demand: 4,300 → 4,180 (stacked bearish POIs) Invalidation: A strong close back above the order block zone (~4,650+) would invalidate the bearish continuation thesis. A quick note: I'm not a financial advisor, and this is a technical read of the chart's own annotations, not a trade recommendation — price action, news catalysts (especially USD strength/Fed policy), and volume confirmation should all factor into any actual decision.

by Michael_Fx_Trader

GOLD - A countertrend correction ahead of the news ICMARKETS:XAUUSD is bouncing from support ahead of the news and forming a countertrend correction amid the dollar’s stagnation following a five-day rally. The FOMC meeting and comments from the regulator are ahead... Technically, most of the hawkish risks have already been priced in, but gold will remain vulnerable if the Fed signals that it intends to keep rates elevated for an extended period. Geopolitical risks and high energy prices are providing support. Gold is caught between expectations of tighter monetary policy and safe-haven demand. Technically, the market is moving toward a liquidity zone, which could be tested before another decline within the local trend Drivers: Downside: hawkish Fed, strong dollar, rising yields. Upside: dovish Fed, weak dollar, geopolitical support Resistance levels: 4,355, 4,402 Support levels: 4,250, 4,230, 4,200 Gold, having failed to reach the key levels at 4,230–4,200, is forming a countertrend correction ahead of the upcoming news — the interest rate decision. A short squeeze of the 4,355–4,400 resistance zone could trigger a decline toward the key areas of interest Best regards, R. Linda!

GOLD - A bounce off support before falling to 4,200 ICMARKETS:XAUUSD remains under pressure from the Fed’s hawkish stance and a strengthening dollar. In the medium term, the market may maintain its bearish trend; however, this week, all attention is focused on the Fed’s rate decision and the regulator’s comments The dollar is forming a countertrend correction but remains locally bearish. The dollar’s rise is putting additional pressure on the metals market. Gold is maintaining its bearish market structure amid the Fed’s hawkish stance, while the market is also pricing in a high probability of a rate hike. Yields at their highest levels since 2023 are reducing the attractiveness of non-yielding gold. Trump’s rhetoric, including his calls for lower rates while acknowledging uncertainty, as well as support for Warsh’s independence, have so far failed to change the overall hawkish stance. Technically, gold could remain within the current range ahead of the news. A false breakdown of support could trigger a correction toward the liquidity zones before the downtrend resumes. Resistance levels: 4,345, 4,389, 4,435 Support levels: 4,287, 4,230, 4,200 The market is aiming to test the 2,292–2,287 liquidity pool. As an initial reaction to the retest, the market could trigger a rebound toward the 4,345–4,389 areas of interest and liquidity, followed by another move lower toward 4,200 Best regards, R. Linda!

XAUUSD-GOLD | 15M | My Key Level This Week Guys, greetings, Every Monday I share new key levels with you, and these levels remain valid until Friday. Those who have followed my previous key levels know very well that they worked with pinpoint accuracy. This week for XAUUSD-GOLD, I’ve set the key zone at 4355 and 4321. Above 4355 we’ll consider buy trades, below 4321 we’ll consider sell trades. So, for gold to start an uptrend it must break above 4355, and for selling pressure to be confirmed it must stay below 4321. Guys, thanks to your likes and support, I keep sharing these analyses. I truly appreciate all of you.

GOLD - A countertrend correction to 4,400 ahead of the news ICMARKETS:XAUUSD remains under pressure from a strengthening dollar and a weak fundamental backdrop. The market is making new intermediate lows within the 4,290–4,500 trading range. Key news is ahead… The dollar is bouncing from support and returning to its bullish momentum, putting further pressure on the market. Gold is trading near its weekly lows, around $4,310, on Friday following a sharp decline triggered by hotter-than-expected PPI data and rising oil prices. According to TD Securities, a hawkish Fed may only delay the next move higher in gold rather than trigger a deeper decline, as support remains in place from dollar debasement, central bank purchases, and ETF inflows. The market is now waiting for the key U.S. CPI report. Drivers: Upside: soft CPI, dollar weakness, falling yields, central bank purchases, ETF inflows. Downside: hot CPI, hawkish Fed rhetoric, dollar strength, rising yields Resistance levels: 4,389, 4,400, 4,435 Support levels: 4,345, 4,300, 4,287 Gold is making new lows but has yet to reach the key target. A countertrend correction is forming ahead of the upcoming news. A short squeeze around the 4,390–4,400 zone could trigger another decline toward the 4,285 liquidity zone Best regards, R. Linda!

BITCOIN - A correction within a consolidation phase BINANCE:BTCUSDT.P reached a new cycle high at 82,300, but still failed to reach the key target. The market remains in consolidation, within which a countertrend correction is developing The fundamental backdrop remains unstable, but relatively favorable for the market. Against this backdrop, Bitcoin continues to consolidate within the current range. On September 15, the Senate is scheduled to hold another vote on the CLARITY Act. The market has been range-bound between 76,400 and 81,300 for the third consecutive week. Technically, a local wedge is forming within the range, and Bitcoin could test the support cluster before attempting another move higher. The bullish structure remains intact, and during the correction, price could test the 77,000–76,400 liquidity pool Resistance levels: 79,470, 80,500, 81,270 Support levels: 77,000, 76,390 The correction appears to be aimed at a potential liquidity hunt. The key focus remains on the support zones mentioned above. A long squeeze could become a technical catalyst for the continuation of the uptrend Best regards, R. Linda!

GOLD - A Hunt for Liquidity Ahead of Further Declines ICMARKETS:XAUUSD has been forming a countertrend correction since the session opened. The fundamental backdrop remains unstable, and this correction could end with another move lower Gold remains exposed to two-sided risks ahead of the release of U.S. CPI data. The sell-the-bounce strategy remains in place, especially against the backdrop of higher-than-expected inflation in China. TD Securities expects core inflation to remain under control in August but warns of upside risks Drivers: Upside: weak U.S. CPI data, dollar weakness, de-escalation of the conflict. Downside: hot CPI data, dollar strength, escalation of the conflict, hawkish Fed rhetoric Resistance levels: 4,410, 4,435, 4,461 Support levels: 4,365, 4,287 A weaker dollar, driven by yen strength, is supporting gold. At the same time, however, gold remains under pressure from the Fed’s hawkish stance and geopolitical risks. Technically, I expect a short squeeze around the 4,430–4,435 liquidity zone, followed by a decline toward range support at 4,365–4,287 Best regards, R. Linda!

GOLD - The market is under pressure from a bearish trend ICMARKETS:XAUUSD remains in a local bearish trend, while consolidation below the 4,435 liquidity zone is becoming a technical catalyst for further downside The dollar is stagnating, but at the same time, it is weakening due to interventions by the Bank of Japan. Gold looks weak against this backdrop, especially given the Fed’s medium-term hawkish stance. Geopolitical risks and inflation expectations that could limit further upside remain in place. The key event of the week will be the U.S. inflation data on Friday, which will determine the next direction. Drivers: Upside for gold: further dollar weakness, a stronger yen, weak U.S. CPI data. Downside for gold: dollar strength, hawkish Fed rhetoric, rising geopolitical tensions (supporting oil and the dollar), strong CPI data Resistance levels: 4,435, 4,461, 4,490 Support levels: 4,365, 4,320, 4,290 Gold remains under pressure from a weak fundamental backdrop and the local bearish trend. A short squeeze around the liquidity zone is triggering further downside. I do not rule out a retest of local resistance before another decline toward 4,365–4,290 Best regards, R. Linda!

ETHUSDT - The Hunt for Liquidity Ahead of a Bullish Rally BINANCE:ETHUSDT.P continues to consolidate within the 2,350–2,550 range. Resistance has been confirmed and is acting as an important trigger. A breakout above 2,550 could trigger a rally higher, but... Bitcoin has been consolidating near resistance for the third consecutive week, suggesting that the bulls may still be interested in pushing prices higher. Ethereum is also consolidating. A scenario involving a long squeeze of support before the next move higher remains possible. Such a move could support the broader altcoin market. Technically, when it comes to Ethereum, the key focus is on the local 2,444–2,430 liquidity zone. A retest and long squeeze of this support zone could shift the balance of power toward buyers and trigger an impulse toward 2,620–3,000 Resistance levels: 2,550, 2,620 Support levels: 2,443, 2,431, 2,356 A false breakdown of support followed by consolidation above the level could become a technical catalyst for further upside, both within the local 2,430–2,550 range and within the broader bullish trend that has been developing since the beginning of July Best regards, R. Linda!

GOLD - The price remained within the range following the NFP ICMARKETS:XAUUSD is reacting to Friday’s NFP data with a fairly strong sell-off. However, the market is aggressively buying the dip. What should we expect from the market on Monday? The dollar remains weak, but toward the end of Friday’s trading session, the market gave back part of the bullish impulse, providing some support for the dollar. The main focus remains on geopolitical developments and upcoming economic data, including PPI and CPI. Technically, I expect a correction toward 4,396–4,381 to potentially develop from the session open, followed by a possible move higher toward the 4,490–4,510 area of interest. However, the fundamental backdrop remains mixed, with no clear directional bias. A close below 4,365 could trigger a sell-off toward 4,280 Resistance levels: 4,435, 4,461, 4,490 Support levels: 4,396, 4,381, 4,365 Within the local correction, gold is testing the 4,440 liquidity zone, where a bounce toward the 4,396–4,381 support zone could develop. If the bulls manage to maintain the bullish impulse, this could lead to a move toward 4,440–4,490 within the local range Best regards, R. Linda!

BITCOIN - Consolidation following the NFP. There's a chance...BINANCE:BTCUSDT.P is consolidating within the 76,000–81,000 range. The key target at 83K has still not been reached, which is why it remains relevant. Yesterday’s NFP data triggered another round of liquidity collection, and the market continues to consolidate Bitcoin continues to consolidate. Yesterday’s attempt to break through resistance failed amid the mixed NFP report. However, the market is holding the downside, with price consolidating above 79,500. Technically, the medium-term outlook remains favorable. The flagship asset previously broke out of the global bearish trend. ETF inflows continue to increase, as does bullish sentiment. Within the current consolidation, I would highlight two key levels: 79,850 and 77,000 Resistance levels: 79850, 81300, 82850 Support levels: 79550, 77000 At the moment, price is consolidating above the intermediate 79,550 support zone, while a close above 79,850 could trigger a continuation of the local uptrend. However, given yesterday’s news, the broader consolidation could continue, and the market maker may form a retest of the lower area of interest. The key focus is 77,000 — the second trigger. A long squeeze could also trigger an impulse toward 83K Best regards, R. Linda!

GOLD - Correction and retest of the 4460 resistance level ICMARKETS:XAUUSD continues its rebound after the false breakdown of the 4,300 support level. The fundamental backdrop remains mixed, but selling pressure is still present The dollar is stagnating, potentially due to intervention from the Bank of Japan. The correction in the Dollar Index is giving gold room to recover. The key event is Friday’s NFP report. A weak report could support a further recovery in gold, while a strong report could bring selling pressure back. The 4,460 level remains the nearest resistance, with 4,300 acting as support. Drivers: Upside: weak NFP data on Friday, further dollar weakness, lower yields, technical rebound. Downside: strong NFP data, hawkish Fed rhetoric, stronger dollar, renewed rise in oil prices Resistance levels: 4,466, 4,480 Support levels: 4,300 The long squeeze of the 4,300 support zone has triggered a rebound, which has developed into a stronger move amid the dollar correction. Ahead lies the 4,466–4,480 resistance zone. A short squeeze in this area could trigger a downside pullback, potentially pushing gold back into the range ahead of the NFP release. The retest of this resistance zone and the market’s reaction to it will help determine the medium-term direction Best regards, R. Linda.

ETHUSDT - Consolidation ahead of a potential breakout and rally BINANCE:ETHUSDT.P continues to consolidate after the strong rally, but at the moment, the market is once again testing resistance within yesterday’s rally... Bitcoin is consolidating near the 83K resistance, which represents a technical retracement zone from the previous bearish cycle. A close above 83K could trigger a bullish impulse, providing additional support for the altcoin market. From a broader perspective, Ethereum has not declined after the strong rally. A three-week consolidation is forming. At the same time, the retest of the 2,356 support ended with a bounce and a local rally, after which the market moved back into consolidation near resistance. This increases the probability of an upside breakout. Today, all attention is focused on NFP. Weak data could strengthen the bullish trend, while hawkish signals could trigger a correction, in which case the market may continue consolidating. Resistance levels: 2,550, 2,620, 2,790 Support levels: 2,450, 2,356 There are several possible scenarios. As part of a local pre-breakout consolidation, Ethereum could test 4,500 before moving higher. However, gradual compression toward resistance could trigger an upside breakout. A close above the level could become the technical catalyst for a move toward 2,620–2,790 Best regards, R. Linda!

BITCOIN - Consolidation Following Strong Growth BINANCE:BTCUSDT.P , after a strong rally, has entered a consolidation phase near the resistance formed by the technical retracement of the previous bear cycle. What happens next? Bitcoin previously broke the structure of its bearish trend, but it has still not tested the 83,000 technical retracement zone, which also represents a liquidity pool. Therefore, we can assume that this target remains relevant within the current local bullish trend. After the strong rally, price has been consolidating for two weeks without forming a significant pullback. This can also be viewed as a bullish indication and a potential setup for further upside. Technically, the market remains in consolidation. Price is showing a relatively weak reaction to the conflict escalation and has not declined despite the strong rally. A long squeeze of the 76,800–76,300 zone could develop before the move higher toward the 83K target. The market remains bullish Resistance levels: 79,500, 81,200, 83,000 Support levels: 76,800, 76,400, 75,600 A false breakdown of support as part of a liquidity-hunting phase, followed by consolidation above the 76,400–76,853 zone, could become a technical catalyst for further upside Best regards, R. Linda.

GOLD - Weak fundamentals and a bear market ICMARKETS:XAUUSD remains under selling pressure and continues to decline. Another distribution phase is developing after a short-term consolidation, with the market moving toward the 4,330–4,300 liquidity zone The Dollar Index looks strong after the Fed adopted a hawkish stance and is bouncing higher, putting further pressure on gold. The medium-term outlook for gold remains bearish. Gold will remain sensitive to U.S. inflation and labor market data. Central bank purchases and geopolitical risks continue to provide support, but a strong dollar and expectations for higher interest rates are limiting the upside potential. Any recovery attempts could prove short-lived. The key event of the week is Friday’s employment report. Drivers: hawkish Fed signals, conflict escalation, stronger dollar, rising yields Resistance levels: 4,400, 4,440, 4,472 Support levels: 4,330, 4,300 A breakout below the support of the intermediate consolidation is developing. Gold is moving toward the 4,330 liquidity zone. A long squeeze followed by profit-taking could trigger a bounce toward 4,400 before the decline resumes Best regards, R. Linda.

ZECUSDT - Consolidation above the previous ATH BINANCE:ZECUSDT.P currently maintains a bullish market structure and is outperforming the broader market. The altcoin is consolidating above its previous ATH and could continue higher in the medium term Bitcoin previously broke the structure of its year-long bearish trend and formed an impulse within a distribution phase, but has now entered another period of stagnation. This could trigger a correction across the broader market toward support. ZEC is consolidating above the previous all-time high at 775.0. A liquidity pool has formed below the key level in the 750–755 area. The market maker could form a manipulation phase before the uptrend resumes Resistance levels: 860, 890.0 Support levels: 775, 750 A false breakdown of the support zone followed by consolidation above 775 could trigger further upside. However, the 890 level is also important. If the price fails to react with a pullback after the third retest, a breakout and close above this level could likewise trigger a continuation of the bullish move. Best regards, R. Linda.

GOLD - A sudden shift in the fundamental backdrop ICMARKETS:XAUUSD is reacting to the news, specifically the Fed Chair’s speech. The markets have reversed sharply, and the move could continue Risk-off sentiment has increased significantly following Waller’s hawkish comments. Expectations for a Fed rate hike this year rose sharply on Friday. The strong sell-off was news-driven, and the fundamental backdrop has shifted. The dollar is strengthening, putting pressure on gold. A correction could develop at the start of the session before the decline resumes. Gold could test the 4,435–4,450 liquidity zone. A long squeeze followed by profit-taking could trigger a bounce toward 4,500 before the decline resumes due to the shift in the fundamental backdrop Resistance levels: 4500, 4540 Support levels: 4450, 4435, 4394 Technically, I expect a bounce and correction from the 4,435–4,450 support zone toward 4,500. However, from a medium-term perspective, due to the shift in the fundamental backdrop, gold could continue declining toward 4,400–4,300 Best regards, R. Linda.

LINKUSDT - Hunting for liquidity before growth BINANCE:LINKUSDT.P is consolidating within the 11.00–12.00 range following a strong rally. However, corrections are typical within a consolidation phase, and the market could enter a liquidity-hunting phase before moving higher Bitcoin has entered a consolidation phase after its strong rally. A correction could develop within this consolidation. Overall, the market still has bullish potential, and if the fundamental backdrop remains unchanged, the uptrend could resume soon. The altcoin is consolidating after a strong rally. The key range is 11.00–12.00. A counter-trend correction is developing, and LINK could test the liquidity area before moving higher Resistance levels: 12.00, 12.6 Support levels: 11.0, 10.90 Technically, a long squeeze of the 11.04–10.90 liquidity zone followed by consolidation above this area could shift the balance of power in favor of buyers and trigger a move toward the 11.60 area and the 12.02 liquidity zone Best regards, R. Linda.