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GOLD - Countertrend correction before news
XAUUSD , after a bearish distribution, is forming a correction with the aim of hunting for liquidity. The market remains under pressure from the bears and in a downtrend The dollar is consolidating but remains strong. A hawkish Fed and rising interest rates make gold unattractive. Gold remains vulnerable. Any recovery is likely to be sold unless Friday’s Nonfarm Payrolls (NFP) report significantly disappoints and reduces expectations of two rate hikes this year. The nearest reference points are JOLTS data and speeches by Fed officials. Drivers: Downside: rising yields, strong dollar, hawkish Fed, escalation in the Middle East, further liquidation of long positions. Upside: weak NFP data (Friday), falling yields and dollar, de-escalation, profit-taking on short positions. Resistance levels: 4195, 4230, 4275 Support levels: 4110, 4065, 4000 Technically, a bearish trend. Before the NFP release, the market may remain within the range: 4100–4230. After the distribution, during which gold hit a new low at 4110, a correction may form before the decline continues. Focus on the area of interest 4195–4230. A short squeeze may provoke a decline to 4110–4050.
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GOLD - Countertrend correction before news
ETHUSDT — SQUEEZE AND TREND CONTINUATION
#SHORT ETH is currently coiling within a 🔺 descending triangle pattern on the 2h timeframe, indicating increasing bearish tension. Price is struggling to maintain momentum near the apex, with repeated rejections at the upper trendline signaling weakening buyer conviction. A confirmed breakdown below the immediate consolidation point would trigger the projected path toward the horizontal support shelf, as bears look to test lower liquidity zones. Watch for a decisive breakdown below the structure to validate the bearish thesis. ⚙️ FACT - Ethereum's Glamsterdam upgrade hits Sepolia on Oct 6, potentially shifting network efficiency. 🔑 Key Levels 🚧 Resistance: $2,720 🛡️ Support: $2,540
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ETHUSDT — SQUEEZE AND TREND CONTINUATION
BTC — CONSOLIDATION AND RECOVERY
🎯 Bitcoin is carving out a 🌀 symmetrical triangle on the 2h timeframe, currently testing the lower boundary as a springboard. After recent geopolitical jitters, price action shows resilience by finding a higher low against the primary trendline. Maintaining this zone is critical; a clean bounce from here suggests a momentum shift toward the descending resistance, setting up a potential breakout to resume the broader Q3 uptrend. 🏢 INST — Strategy added 1,665 BTC to its stash, signaling firm institutional confidence in current prices. ⚖️ MARKET — BTC holds $83,000 as it eyes the best Q3 performance in nine years despite volatility. 🔑 Key Levels 🚧 Resistance: $87,000 🛡️ Support: $82,500
BTC — CONSOLIDATION AND RECOVERY
SOL | Structure Turned, Four Pools Sit Above
By analyzing the #SOL (Solana) chart on the Daily timeframe, we can see a market that spent a year making lower lows, shifted structure upward in September, and now holds a discount zone beneath price with four untouched liquidity pools stacked above. __________________________________________ DAILY TIMEFRAME __________________________________________ The downtrend was relentless. From the October high at $237.72 price printed five separate BMS events on the way down - through October, November, December, February and again into June. Each consolidation that looked like a base became the next break. The downtrend was relentless. From the October high at $237.72 price printed five separate BMS events on the way down - through October, November, December, February and again into June. Each consolidation that looked like a base became the next break. The last of them bottomed at the Protected Low of $60.13 in June. From there price built for three months and then, in September, broke the May swing high with the MSS - the first upside structural break of the entire move. Price is now at $100.95, holding above the break. __________________________________________ THE LIQUIDITY ABOVE __________________________________________ BSL 1 - $148.95 BSL 2 - $171.67 BSL 3 — $205.24 BSL 4 - $237.72 Four old highs, none revisited since they formed. A high that has never been defended isn't resistance, it's a target. THE BIAS Bullish for as long as price holds above the Protected Low at $60.13. __________________________________________ SCENARIO A — THE BASE CASE __________________________________________ The entry is not here. The area worth waiting for is the RBS zone at $76.12 - $84.23 — the resistance that capped price from February through May, broken in September and now flipped to support. Price consolidated inside that band for seven months, which is what makes it the strongest demand on the chart rather than just a line. A reaction from there targets $148.95 first, and above it the ladder opens.
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SOL | Structure Turned, Four Pools Sit Above
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