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Support and Resistance

XAU/USD 17 July 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. You will note that price has targeted weak internal high on two separate occasions forming a double top which is a bearish reversal pattern. This is in-line with HTF bearish pullback phase. Remainder of analysis and bias remains the same as analysis dated 23 April 2025. Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS. The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price. As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish. Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Pullback in play Aiming Growth for 3400Gold prices initially rejected from recent highs and found strong support, indicating limited downside. Despite the recovery, gold remains under pressure due to rising U.S. bond yields and a stronger U.S. dollar. The higher-than-expected inflation data from the U.S. has reduced the likelihood of an early Fed rate cut, which is weighing on the metal. Technical Analysis: If the 1H candle closes above 3350, the price is likely to push back into the bullish zone. Potential upside targets: 3378 and 3400 You any see more details in the chart. PS: Support with like and comments for more better insights Thanks for Supporting.
FX:XAUUSDLong
by MrMartin_11
12
MarketBreakdown | EURAUD, GBPJPY, WTI CRUDE OIL, SILVER Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURAUD daily time frame 🇪🇺🇦🇺 The market is trading in a bullish trend. The price is steadily growing within a rising parallel channel. A recent test of its support triggered a strong bullish reaction. I think that a rise may continue at least to a current high - 1.8035 2️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵 The market is consolidating within a narrow horizontal parallel channel. Consider consolidation, trading within its boundaries. The next bullish wave will be confirmed with a breakout and a daily candle close above its resistance. 3️⃣ CRUDE OIL #WTI daily time frame 🛢️ The market remains weak and consolidation continues. I see a wide horizontal range where the price is now stuck. I think that we may see a pullback from its support. 4️⃣ #SILVER #XAGUSD daily time frame 🪙 The market is retracing after a formation of a new higher high. I see a strong demand zone ahead: it is based on a rising trend line and a recently broken horizontal resistance. The next trend following movement will most likely initiate from there. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
XRP Hits $3.10 — Rising Wedge or Ready to Fly?XRP has been on a strong run over the past 24 days, rallying from $1.90 → $3.10 — a +62% price increase. But after hitting key resistance, is XRP about to correct, or will it break out further? Let’s dive into the technicals. 🧩 Market Structure Rising Wedge Pattern: The current market structure resembles a rising wedge, with XRP likely completing wave 5. Rejection Zone Hit: Price tapped the nPOC at $3.10 and rejected — providing a clean short opportunity. 📉 Key Support Levels & Confluences Taking the full 24-day bullish move: 0.382 Fib Retracement: $2.6326 — aligns with liquidity pool below the $2.6596 swing low. 226-day Trading Range VAH: ~$2.62 (red dashed line) — adds confluence. Daily Level: $2.60 — further support. Anchored VWAP from $1.90 Low: ~$2.54 (rising over time). ✅ Conclusion: The $2.66–$2.60 zone is a critical support area and offers a solid long opportunity. Trade Setups 🔴 Short Setup (After Breakdown Confirmation): Wait for a sell-off & breakdown of the wedge. Ideal entry: retest of the lower wedge edge, ideal short entry would be between 0.618–0.786 fib retracement. 🟢 Long Setup: Entry Zone: $2.66–$2.60 SL: below VWAP line Target: Fib 0.618 as TP 🧠 Educational Insight: Rising Wedges Explained A rising wedge is a bearish pattern, often signalling weakening momentum as price climbs within narrowing highs and lows. Key points: ➡️ Volume typically declines as the wedge matures. ➡️ Breakdown below the lower wedge edge often triggers stronger sell-offs. ➡️ Retests of the broken wedge support turn into ideal short entries. Pro tip: Combine wedge patterns with fib retracement zones and VWAP levels for higher-confidence setups. Watch for wedge breakdown confirmation before shorting. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
TONUSDT Following the official denial by UAE authorities regarding the possibility of obtaining a golden visa through staking OKX:TONUSDT , the bullish momentum driven by that rumor has faded. Selling pressure has increased, and TON is now consolidating within the key support zone of 2.720 to 2.760 USDT. If this support breaks, further downside is likely. However, if the price holds and reclaims the 2.860 USDT resistance, it could trigger a recovery toward 2.920 and 2.965 USDT. For now, the market sentiment remains bearish with a corrective bias. Key Points: UAE officially denied TON-based golden visa claims, weakening sentiment. Current support zone: 2.720–2.760 USDT. Key resistance: 2.860 USDT, then 2.920 USDT. Break below 2.720 = further decline. Break above 2.860 = potential bullish reversal. ⚠️ Please Control Risk Management in trades.
by EhsanZeydabadi
Germany 40 – Preparing For A Short Term Range BreakoutTariff worries, including new comments from President Trump stating that he is likely to impose fresh import charges on pharmaceuticals, have continued to dominate the thinking of Germany 40 traders this week. This has lead to some choppy price action for the index, which after opening on Monday at 24140, has bounced between a Tuesday high of 24293 and a Wednesday low of 23923, before settling back into the middle of that range. Throw into the mix, the start of Q2 earnings season for European corporates and an upcoming ECB interest rate decision in a week's time and you can see how price action could become increasingly volatile moving forward into the end of July. Earnings season has so far got off to a slow start in Europe and Germany 40 traders may have to wait until SAP, the company carrying the highest market capitalisation ($352 billion) and index weighting (14.5%), reports its results next Tuesday (after the close) for further insight into where prices may move next. In terms of the ECB rate decision next Thursday (July 24th), market expectations may currently be indicating that another rate cut is unlikely, although it could be a close call. Traders seem to be focusing on recent commentary from policymakers which suggests the balance of power for the time being has shifted to the more hawkish committee members, who have stated that with inflation sitting on the central bank's target of 2% there is no need to cut rates further. Choosing instead to wait for more clarity on the outcome of trade negotiations with the US, which could decide whether a trade war between the world's first and third biggest economies may be something they need to navigate. Technical Update: Assessing Current Pirce Action Having posted a new all-time high at 24639 on July 9th the Germany 40 index has entered a corrective period in price. However, while much will depend on future market sentiment and price trends, traders may well be asking, whether current price declines can develop into a more extended phase of weakness, or if the downside move could be limited as buyers return once again. Time will tell, but in the meantime, technical analysis may help pinpoint potential support and resistance levels which can aid traders in establishing the next possible trends and directional risks. Potential Support Levels: Having recently posted a new all-time high at 24639, it might be argued this is still a positive price trend, especially as the Bollinger mid-average is currently rising. The mid-average stands at 23954, so may mark the first support focus for traders over coming sessions. However, if closing breaks of this 23954 level materialise, it might lead towards a further phase of price weakness towards 23013, the June 19th session low, even 22406, which is the 38.2% Fibonacci retracement of April to July 2025 price strength. Potential Resistance Levels: If the 23954 mid-average successfully holds the current price setback, it could prompt further attempts to extend recent strength. The first resistance might then stand at 24282, which is equal to half of the latest weakness, with successful closing breaks above this level possibly opening scope back to the 24639 all-time high and maybe further, if this in turn gives way. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:GER40
by tv1lsqiw
GBPCAD FORMING BEARISH FLAG PATTERNGBPCAD Bearish Trend Analysis (1-Hour Time Frame) The GBPCAD pair is currently exhibiting a bearish trend on the 1-hour chart, with the market forming lower lows, confirming a sustained downward momentum. This price action indicates that sellers are in control, and the bearish sentiment is likely to continue in the upcoming trading sessions. Bearish Flag Pattern Signals Further Decline The price is forming a bearish flag pattern, a continuation pattern that often leads to further downside movement. This pattern suggests that after a brief consolidation, the pair may resume its downward trajectory. Traders should watch for a breakdown below the flag’s support, which could accelerate the decline. Key Support and Resistance Levels - Downside Targets: If the bearish momentum continues, the pair could test 1.84500, followed by 1.83200. These levels may act as potential take-profit zones for short positions. - Upside Resistance: On the higher side, 1.87700 remains a critical resistance level. A break above this level could temporarily halt the bearish trend, but as long as the price stays below it, the downtrend remains intact. Trading Strategy - Short positions could be considered near resistance levels, with stop-loss orders placed above 1.87700 to manage risk. - A confirmed breakdown below the bearish flag may present additional selling opportunities. - Traders should monitor price action around support levels (1.84500 & 1.83200) for potential pullbacks or continuation signals. Conclusion With the lower lows formation and the bearish flag pattern, GBPCAD is expected to remain under selling pressure. Traders should watch for breakdowns below key support levels while keeping an eye on resistance at 1.87700 for any trend reversal signals.
Short
by Brillant_Capital
LCTITAN - The LOW is getting HIGHER !LCTITAN - CURRENT PRICE : RM0.470 The stock made a HIGHER LOW recently - this may consider as a half portion of new uptrend is completed. A breakout above RM0.630 will form the higher high structure - which confirm the new uptrend phase. For short term trading purposes, short term traders may anticipate to buy if the stock breakout nearest resistance of RM0.520 - which will give an entry point at RM0.525. So this is a pending breakout stock. Nearest target will be RM0.580 and RM0.620. Take note that when the price breakout RM0.520 , it will also be above EMA 50 and ICHIMOKU CLOUD - which strengthening the bullish outlook. ENTRY PRICE : RM0.525 TARGET : RM0.580 and RM0.620 SUPPORT : EMA 50 Notes : The higher low structure of LCTITAN looks like DRBHCOM - I share the link here for reading purposes.
MYX:LCTITANLong
by IMRAN_96
DMC Buy/Long Setup (4H)After a time-consuming bullish move in a compressed structure, the price is now approaching a key support origin. Buy/long positions can be considered around the green zone. Targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
BINANCE:DMCUSDT.P
by behdark
USD/JPY – 4H Technical and Fundamental AnalysisUSD/JPY – 4H Technical and Fundamental Analysis USD/JPY continues to gain bullish momentum, driven by stronger U.S. inflation data and rising Treasury yields. These macroeconomic factors have tempered expectations of aggressive Fed rate cuts, strengthening the dollar across the board—including against the yen. The Federal Reserve’s cautious tone, amid inflation tied to tariff pressures, further supports dollar strength. Meanwhile, Japan faces ongoing political uncertainty with an upcoming election, and US-Japan trade negotiations remain sluggish. This creates hesitation around any near-term monetary tightening from the Bank of Japan (BOJ), keeping the yen under pressure and enhancing the bullish outlook for USD/JPY. From a technical perspective, USD/JPY has broken above the key resistance level at 148.300, signaling renewed buying interest. After a brief consolidation—interpreted as an accumulation phase—price executed a liquidity hunt, triggering stop-losses placed above the resistance. This manipulation move set the stage for a potential continuation higher. Price is currently hovering near a minor key level. We are now watching for a clear candle close above the 148.300 zone to validate further upside momentum. Once confirmed, we aim to enter long on a breakout play. 📍 Buy Setup Entry: Buy Stop at 148.660 Stop Loss: 147.570 Take Profit: 150.870 📌 Disclaimer: This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
Long
by RebornFXTrader
Germany 40 – Preparing For A Short Term Range BreakoutTariff worries, including new comments from President Trump stating that he is likely to impose fresh import charges on pharmaceuticals, have continued to dominate the thinking of Germany 40 traders this week, leading to some choppy price action for the index, which after opening on Monday at 24084, has bounced between a Tuesday high of 24293 and a Wednesday low of 23925, before settling back into the middle of that range. Throw into the mix, the start of Q2 earnings season for European corporates and an upcoming ECB interest rate decision in a week's time and you can see how price action could become increasingly volatile moving forward into the end of July. Earnings season has so far got off to a slow start in Europe and Germany 40 traders may have to wait until SAP, the company carrying the highest market capitalisation ($352 billion) and index weighting (14.5%), reports its results next Tuesday (after the close) for further insight into where prices may move next. In terms of the ECB rate decision next Thursday (July 24th), market expectations may currently be indicating that another rate cut is unlikely, although it could be a close call. Traders seem to be focusing on recent commentary from policymakers which suggests the balance of power for the time being has shifted to the more hawkish committee members, who have stated that with inflation sitting on the central bank's target of 2% there is no need to cut rates further. Choosing instead to wait for more clarity on the outcome of trade negotiations with the US, which could decide whether a trade war between the world's first and third biggest economies may be something they need to navigate. Technical Update: Having posted a new all-time high at 24639 on July 9th the German 40 index has entered a corrective period in price. However, while much will depend on future market sentiment and price trends, traders may well be asking, if current price declines can develop into a more extended phase of weakness, or if downside is just a limited move before buyers return to extend price strength. Time will tell, but in the meantime, technical analysis may help pinpoint potential support and resistance levels, aiding in establishing next possible trends and directional risks. Potential Support: Having recently posted a new all-time high at 24639, it might be argued this is still a positive price trend, especially as the Bollinger mid-average is currently rising. This for Thursday stands at 23954, so may mark the first support focus for traders over coming sessions. If closing breaks of this 23954 level materialise, it might lead towards a further phase of price weakness towards 23013, the June 19th session low, even 22406, the 38.2% Fibonacci retracement of April to July 2025 price strength. Potential Resistance: If the 23954 mid-average successfully holds the current price setback, it could possibly prompt further attempts to extend recent strength. First resistance might then stand at 24282, equal to half latest weakness, with successful closing breaks possibly then opening scope back to the 24639 all-time high and maybe further, if this in turn gives way. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:GER40
by tv1lsqiw
Dont predict&anticipate the market - ask indicators for hints! Hello everyone! how was the HSI trade so far? Apologies for not updating as I was allowing myself to take a pause journaling my trade also to pay attention on my own personal growth journey. However, am continue to trade HSI in sustainable and profitable way and have had trying and test using different combination of indicators that bring quite positive results since. Sharing this with anyone that reading this. Please note that this is just for my own experiences and please DYODD. For Swing Trade Test: (some steps to consider for entry set up - setting your time frame) E.g using 1H Chart - 14Jul2025 23:00 MACD - entering the above zero line - it breaks above zero level on the next candle. Turned bullish confirmation. Using Ichimoku Cloud for trend confirmation. Once the MA9>MA26 the blue line crosses above red line (circled in white). This is a bullish confirmation and it is trading above green cloud. You may pay attention to set your entry point. Set Up : on the next candle open - you may open Long position - 24204.90 Set SL with R/R Ratio 1:1 or 1:1.1-1.25 (or in accordance to your risk appetite or carry out backtest and to be realistic) Taking Profit : You may pay attention to be more aggressive to TP only when the MACD is forming DeadCross i.e 16Jul2025 11:00 (using the same timeframe chart). For the reversed side it's the same methodology. But it's recommended to Short if and only if when the candles are closed below cloud + MACD is on the bearish zone. So, in this case, I will not open short position as it's not the normal underlying HSI trading hour, so we wait till the underlying normal trading hour commence. Today HK50 PEPPERSTONE:HK50 open at 24567, you may decide if you would to short and setting SL and TP. From chart, you may open short position with R/R : 1.1.1 (TP : 24:400; SL : 24772) Entry: 24596 (the next hour candle at 10:00, of course you may cross check with shorter time frame to 'catch the high' 😂) Trade for profit requires persistency and consistence. There is quite a wide range to trade in between the movement. Buy into Support Sell at resistance. Set your TP/SL & protect your capital. at point of writing ✍️: the Index uptrend mode is on track. currently on D Chart - 🗝️ Resistance Level : 24600-24700 🗝️ Support Level : 24370-24400 🗝️ Strong Support Level : 24030-24300 Higher Hi🚩point marked in Chart 21May2025 -23909 11June2025 -24430 25June2025 -24531 16Jul2025 - 24842 ?? ??2025 - 25907 Target Opinion: continue Bullish and shall breaks the recent Hi of 24900 and target could break 25200-25750 pretty soon (the Gravity Line upper band). The Index is now on the intermediate bullish trend (not far off from Gravity line and not yet touch the Gravity Upper band or beyond for D chart) - Shall publish this indicator. From previous posts:- W Chart:- HSI continues its Bullish mode with strong pullback! Recovery could expected to see in end Jun - early Jul'25. 14Jul2025 - at point of writing ✍️: Perhaps it shouldn't been said as recovery but continue the uptrend. As we can notice from the latest chart it seems to continue its uptrend momentum even MACD have had curving down after deadcross formed 12May25. The MACD signal line staying above zero level. Continue the Long call for HSI with the forecast and repetitive of history the next 4-6 weeks might be a good profit to hold Long position. 🚨However, please take note that the index is moving beyond the Gravity upper brand on W chart which we should monitor closely to TP and enter again for healthy retracement. 🎯 Reminder: For long term (6-18 months) continue to accumulate China & HKG for the potential upside for the year! All retracement is a good entry point. Again, everything is impermanence. Manage your risk, position sizing. Take only the risk that you can afford. For HSI HSI:HSI Recent Hi : 16Jul2025 - 24867.81 (trying to test the resistance at 19March2025@24874)- this ¬6.58pts seems took quite a while to break. Let's be patience. 🔎 DYODD and don't listen to anyone. Invest in yourself, do some study and learn along the way while you trying to verify or finding the answer if to start invest in CHN/HKG markets. If you don't know how or where, you may ask Deepseek/Chatgpt for most reputable Trading courses nearest to you. Let's follow your own zentradingstrategy , continue to trade; a strategy is a raft—cross the river, but do not carry it on your back forever — Stay flexible. No method is permanent. Adapt, let go, grow. ** Please Boost 🚀, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Share your trading journey here to encourage the community and friends who pursing the same journey.
PEPPERSTONE:HK50
by ChenQianYu
CAD/CHF 4H Technical and Fundamental AnalysisCAD/CHF 4H Technical and Fundamental Analysis CAD/CHF has shown bullish potential this week, supported by strengthening fundamentals and a technical breakout. From a macro perspective, the Canadian dollar (CAD) continues to benefit from rising crude oil prices, a key Canadian export. With WTI crude trading above $80 per barrel, the commodity-backed CAD gains further momentum. Meanwhile, the Swiss franc (CHF)—often viewed as a safe haven—is seeing mild outflows as risk appetite improves globally and capital shifts toward higher-yielding assets. From a central bank standpoint, the Bank of Canada (BoC) has struck a cautiously optimistic tone regarding inflation, while the Swiss National Bank (SNB) has already begun cutting interest rates—creating a divergent policy path that favors CAD strength against CHF. On the technical side, CAD/CHF recently found strong support in the 0.57800–0.58100 zone, where price formed a potential double bottom pattern just below key resistance—a signal often associated with bullish reversal. A minor key level at 0.58300 was broken, followed by a clear accumulation phase. After consolidation, price grabbed liquidity with a long wick but closed above the key level, forming a bullish engulfing candle, suggesting strong buying pressure. We now await a retracement into our zone of interest to position long entries with favorable risk-reward. 📍 Buy Setup: Entry: Buy Limit at 0.58390 Stop Loss: 0.58130 (below liquidity grab) Take Profit: 0.58940 (next key resistance) 📌 Disclaimer: This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
Long
by RebornFXTrader
1