AndeWave

Gold is consolidating. The price is breaking through the local support of the “ascending wedge” pattern. This could cause the price to fall to the support level. Focus on the trading range boundaries of 3060 - 4020 - 4001. MM may provoke liquidation and a retest of support against the backdrop of a bullish trend, which will open up new potential for growth provided that Powell maintains his relatively dovish stance on interest rate policy.

Gold is rebounding from trend resistance ahead of the new week. The market was not ready to buy at high prices ahead of a possible Fed interest rate cut. Under pressure from sellers, the price of gold is falling to retest trend support. The price attraction zone is support at 3657-3646. Below this area, there is an accumulation of trader positions that may be liquidated before the price begins to rise. As for the Fed, rates are likely to be cut, but it will be necessary to monitor what Powell says about future policy. If he supports 2-3 interest rate cuts, gold may continue its global growth...

Ahead lies strong resistance and a psychologically important price level: 3500. The closer the price gets to this zone, the more the market will manipulate before large players take profits, which may begin after a false breakout... In addition, the 3435-3410 zone is also of interest to MM, since after the breakout of global consolidation resistance and the formation of a rally, there has been no correction yet. Scenario: The breakout of resistance may be deep, and within the upward movement, the market may test 3510-3525 before the spark fades. A return below 3500 will confirm the false breakout, which will trigger profit-taking and a reversal in traders' actions. There may be a correction to the specified levels.

Gold on the chart is forming a bullish pattern: consolidation in the form of a bearish wedge forming on an uptrend. There is a high probability of a breakout from the support level of 3320-3310. The market has a lot of upside potential, as the price has been consolidating for a long time. Below is a fairly strong support zone that is capable of holding the price. However, there is one caveat: in a few hours, Powell's speech and unpredictable data could destroy the structure, in which case gold could fall to 3300-3328.

Gold has encountered strong resistance and excessive pressure from bears. Before continuing its growth, the price may test the local trend support or the support zone of 3371–3358. Scenario: bullish trend, but the price lacks the potential and consolidation to overcome resistance at 3400-3410. In this case, MM may form a trap to collect liquidity, such as a false breakdown of support, and only then move up.

The SOL structure is quite weak. The price previously broke the upward trend and entered the range of 170-157 as part of a downward movement. The market is reacting to Bitcoin's rebound, and in this case, SOL may test resistance at 169-170 before falling. The upward trend has been broken by a H&S reversal pattern. The potential is temporarily changing, and before the long-term bullish trend continues, the market may test deep areas of interest from the support side.

GOLD has reversed its upward trend and a local downward channel is forming. There is pressure from sellers on the market while the dollar is rising... NFP data will be released today. The market may form a short squeeze before declining within the local downward trend. There is a possibility that NFP data will be strong (needed by the presidential administration) to confirm the readiness to lower interest rates. Scenario: ahead lies a strong resistance zone at 3311.5 - 3324.85. The formation of a false breakout could intensify bearish pressure, leading to a decline in prices to 3255

The breakout of the downward channel resistance forms a strong distribution. However, the most important thing here is that after strong growth, the coin entered a consolidation phase. Strong resistance has been confirmed and the market is forming an ascending triangle. The coin's behavior is strong, as the entire cryptocurrency market has been red for the past two days and testing lows, while FORM has been consolidating for growth. The breakout of the 3.85 resistance level could be rapid due to the accumulation of liquidity above the level.

Gold is testing local resistance at 3325 with a touch. It is also touching the lower boundary of the channel. Thus, the price is stuck in the range between 3325 and 3320. A return of the price to the upward channel may attract buying activity. In this case, we can expect growth to 3375 or to the channel resistance. The trend is upward. If gold does not fall but returns to the channel, we will see a false breakdown of support. According to statistics, all the strongest movements begin after false breakdown

ADA failed to stay above 0.838. A false breakout has formed (liquidation has created momentum). The balance of forces has shifted, and MM may consider support at 0.7850 - 0.7773 as interesting before a possible rise. The trend is bullish, and a retest of support will allow large players to enter the market at a convenient price, while individual traders will have the opportunity to open trades at a low price.