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Support and Resistance

The bulls have started, aiming at 3400!Gold rose as soon as the market opened, and the highest has now reached above 3374. The upward momentum of gold is strong. It can be seen that after breaking through the recent high of 3365, its morphological structure has obviously tended to a bullish structure, and the technical form shows a "W" double bottom structure and an inverted head and shoulder resonance. The resonance of this technical structure will continue to support the continued rise of gold. At present, gold is under pressure near the 3380 area in the short term, followed by the area near 3405. At present, gold has a technical retracement near 3380, but it is difficult to destroy the already formed rising structure based on the current retracement strength. Once gold rises again, 3380 will definitely be conquered! It will even continue to the 3400-3410 area; and the area with obvious short-term support is concentrated in the 3350-3340-3330 area, so gold may still rebound again with the support of this area after the decline, and continue to rise. So for short-term trading, I would consider buying gold in batches based on the support of the 3350-3330 area, with the first target looking at 3380, followed by the 3400-3410 area.
OANDA:XAUUSDLong
by Trading_Steffen
GBPUSD → Correction amid a global bullish trend...FX:GBPUSD is testing the 1.345 - 1.35 area as part of a correction. The price is closing the imbalance zone and testing support, which may trigger a reaction. Further developments will largely depend on the dollar, which is testing resistance. The daily market structure is quite strong. The correction against the backdrop of a strong trend is within acceptable limits, and bulls should fight to keep the price away from risk zones. GBPUSD, as part of the correction, closes the imbalance zone of 1.34 - 1.35 (0.7 - 0.79f) and forms a false breakdown of the intermediate support level of 1.3476. If buyers hold their ground in the 1.347-1.35 zone, the currency pair will be able to return to the global trend. Support levels: 1.3476, 1.345, 1.3382 Resistance levels: 1.3511, 1.359, 1.375 Price consolidation above 1.349 - 1.350 will confirm the market's intentions. In this case, we can expect growth to 1.36 - 1.374. Best regards, R. Linda!
Long
by RLinda
14
US 500 – A New Record Peak or Reversal in the Week AheadSo far in July, the US 500 has recorded multiple all-time highs on its way to an eventual peak of 6294 on Thursday (July 10th), from which it finally succumbed to some profit taking into the weekend, leading to a small Friday sell off to close at 6255 (-0.4%). Along the way traders have ignored mixed US economic data, and more importantly they have, for the most part, shrugged off President Trump’s increasingly aggressive approach to tariffs, choosing instead to focus on economic resilience, renewed AI optimism and an improving outlook for the Q2 corporate earnings season that kicks fully into gear in the coming days. In terms of tariffs, the fact that there is now a new August 1st deadline to concentrate on may be taking away some of the immediate urgency for the announcement of trade deals, although these issues still remain important and on-going, highlighted by President Trump's weekend social media announcement of 30% tariffs on the EU and Mexico, if a better deal cant be reached in the next 3 weeks. With regard to corporate earnings, the major US banks like JP Morgan (Tuesday before the open) and Bank of America (Wednesday before the open) report this week. Both company’s share prices have seen strong gains since the April lows, so traders will be eagerly awaiting their actual numbers. They will also be keen to hear the thoughts of the bank CEOs on future earnings, bad debt provisions and the potential impact of Trump’s tariffs on the US economy moving forward. Only last week, Jamie Dimon, CEO of JP Morgan, warned market complacency towards potential tariff risks. In terms of scheduled economic data. Tuesday’s US CPI (1330 BST) and Wednesday’s PPI release (1330 BST) stand out. Traders are sensitive to US inflation updates and have been watching over the last several months for signs that tariffs are pushing up prices. So far this hasn’t been the case but these new releases may tell a different story. All of these issues could impact risk sentiment and the direction of the US 500 index in the next 5 trading days. Certainly, the early open has been impacted by President Trump's weekend tariff announcement, with the US 500 currently down 0.46% at 6227 (0800 BST). The technical outlook could also be an important factor in determining price moves. Technical Update: Assessing the Move to A New Record High Last week appears to have seen a slowing in the speed of the recent price strength, but a new all-time high was still posted at 6294 on Thursday. It could be argued that this activity maintains what is still a more constructive pattern of higher price highs and higher price lows that have materialised since the April 7th downside extreme of 4799. However, there is no guarantee this price activity will continue to see new all-time highs posted, so we need to be aware of potential support and resistance levels that may influence price activity. Possible Support Levels: If last week’s possible slowing in upside price momentum develops into a new phase of price weakness, a support level that traders might now be watching could be 6148. This 6148 level is equal to both the 38.2% Fibonacci retracement of June 23rd to July 10th strength and the current level of the rising Bollinger mid-average. Closes below 6148 might suggest a more extended phase of weakness back to 6058, the lower 61.8% Fibonacci retracement, possibly further if this in turn gives way. Possible Resistance Levels: Having been capped by the 6294 all-time high last week, sellers may continue to be found at this level, so this might prove to be the first potential resistance if fresh attempts at price strength over the coming week develop. Closing defence of 6294 may need to be watched if challenged, as successful breaks above this level might suggest an extension of the uptrend pattern currently evident in price activity. Such closing breaks higher may well suggest price strength towards 6418, the 200% Fibonacci extension level of the recent price decline. 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:US500
by Pepperstone
XAUUSD BULLISH SMC BREAKOUT PLAY AFTER TRADE 📈 XAUUSD – Bullish SMC Breakout Play Price broke the descending trendline with a clear Break of Market Structure (BMS) and respected a Bullish Order Block (Bu-OB), forming a clean Higher Low (HL). The current Higher High (HH) confirms a bullish shift in structure with momentum targeting the 3450+ liquidity zone. 🟩 Bias: Bullish 📌 Structure: HH-HL (Market Structure Shift) 🎯 Target: 3451 🧠 SMC View: Order Flow + Structure = Confirmation
FOREXCOM:XAUUSDLong
by BasitTraders
XAUUSD 4H bullish setup📈 Gold (XAUUSD) 4H – Breakout Retest Toward 3439.25 Des: Price has finally broken out of the tight consolidation range and is now trading above key structure. I'm watching for a bullish continuation play with a possible retest into the 3360–3365 zone (demand/OB zone), followed by a push toward the 3439.25 target. ✅ Bullish structure confirmed 🔄 Waiting for pullback entry 🎯 Target: 3439.25 🛡️ Clean invalidation below 3350 Let’s see how this unfolds 🔥
FXOPEN:XAUUSDLong
by HurricaneFx_
2
WTI Crude Oil Analysis – 4-Hour TimeframeWTI Crude Oil Analysis – 4-Hour Timeframe At the moment, the price is trading below a key resistance zone (marked in red), which has previously triggered multiple pullbacks. The current price behavior near this area reflects market hesitation to break through this level. 🔴 Bullish Scenario: If the price manages to break above this resistance zone and holds above it, we can expect the upward movement to continue toward higher resistance levels. This move may unfold in a step-by-step trend, accompanied by intermediate pullbacks. The next resistance zones could act as potential targets for the bullish wave. 🔴 Bearish Scenario: If the price reacts negatively to the current resistance area and fails to break through, a bearish correction may follow. In this case, the nearby short-term support levels could be the first targets for sellers. If those supports are also broken, the likelihood of a deeper decline and continuation of the downward trend increases.
CFI:WTI
by esmaeilesmaeilzade_fx
LONG - GBP/USDPrice has already reached my third reversal line and this is where I can expect to price to close above the reversal line to hint a possible change in the direction of the trend. Currently right now I am waiting for the price to show me a bullish reversal candle for the price to give me confluence to possible change of trend. I am still bias with the trend moving upwards base on the market structure given by the price action. However I will not consider the 4th Key Point Market Structure as HL if it breaks the previous structure. Entry - 1.34683 Stop Loss - 1.33704 Take Profit - 1.36002
Long
by ilyasmuzaffar
Silver Analysis – Strong Bulls and a Clean Setup AheadLast month, Silver printed a new multi-decade high, a major technical milestone. Since then, price has entered a sideways consolidation, forming a rectangle — but what stands out is this: 👉 Silver bulls have absorbed every dip, even when Gold dropped. That’s strength. And strength usually precedes breakout. 🔍 Current Situation At the time of writing, price is trading around 37.20, and from the current structure, it looks like nothing is standing in the way of an upside break. We don’t predict — we prepare... And this chart looks ready. 🎯 Next Target: 40.00 USD? A push to 40.00 looks like the next “normal” target. But don’t forget: that’s a 3,000 pip move. This type of move will require patience Plan your trade. Respect your risk. Let the bulls work. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAGUSDLong
by Mihai_Iacob
12
Gold (XAUUSD) Analysis – 4-Hour TimeframeGold (XAUUSD) Analysis – 4-Hour Timeframe Currently, the price is moving in an upward trend and approaching a key resistance area. Recent volatility suggests that buyers have shown enough strength to break through previous resistance zones and are now attempting to overcome the next significant barrier ahead. 🔴 Bullish Scenario: If the price manages to break above the current resistance and hold above it, we can expect a continuation of the upward move toward higher zones. In this case, the bullish wave could extend toward the next resistance levels (marked in blue). 🔴 Bearish Scenario: If the price reacts negatively to the current resistance area and fails to break above it, a corrective decline may follow. The nearest support zone below could play a crucial role in maintaining the bullish structure. However, if this support is also broken, the path could open for a deeper pullback toward lower support levels.
FX:XAUUSD
by esmaeilesmaeilzade_fx
BITCOIN → Stopping after the rally? What next? 125K or 110K?BINANCE:BTCUSDT rose and updated its historical maximum to a new record of 118K with “kopecks” (different prices on different exchanges). Now the price has supposedly stopped and entered a consolidation phase, but it is too early to draw any conclusions based on this alone... Fundamentally, Bitcoin rose following the SP500 and NQ100 indices. The reasons are clearly geopolitical. The correlation level is not high, but the flagship is following the stock indices, which are also updating their historical highs. Technically, Bitcoin has emerged from a two-month consolidation and entered a realization phase. So what's next? Continuation of the phase or correction? Let's take a look. On the daily chart, I would highlight two zones. The risk and sell zone is below 117,500. If the price closes below this zone today/tomorrow, we will most likely be able to look for signals for a possible correction. As part of the correction, we can expect a decline to 115,500, 114,300, or even to the old ATH of 112K. The second zone is the buying zone. A closing price above 118,400–118,900 and consolidation with the gradual formation of a breakout of structure may hint at a possible continuation of growth toward psychological targets. Resistance levels: 118,400, 118900 Support levels: 117100, 116700, 115500 In the chart above, I have highlighted the situations, levels, and zones that interest me more precisely. Now I am waiting for Bitcoin to retest resistance or support and confirm certain levels, based on which decisions can be made. I think that in the near future, Bitcoin will show us where it is headed. Updates will be published as something interesting emerges... Best regards, R. Linda!
Long
by RLinda
52
It is the right time to go long after the shock and adjustmentGold opened higher at 3364 today, and after a brief surge to 3374, it entered a stage of shock and retracement. Our plan to arrange short orders near 3370 was successfully implemented, and we stopped profits in batches in the 3360-3355 range, making short-term profits. Overall, although it jumped higher due to the stimulus of news such as the increase in tariffs over the weekend, the momentum of the surge is limited, and the technical side still needs to retrace to digest the gains. At present, the market has returned to the technical rhythm. The key support refers to the breakthrough point of 3340-3345 last Friday. Further exploration will look at the strong support of 3330. The overall rhythm is still mainly to arrange long orders near the low support, and going with the trend is the key. As long as the 3330 support is not broken, the daily line structure will still maintain a strong bullish trend. Do not blindly chase the short position. The operation of short orders against the trend needs to be particularly cautious. I will promptly remind you of the specific operation strategy according to the changes in the market. You can pay attention to the bottom notification. It is recommended that you keep paying attention and respond to the market rhythm steadily. Reference for gold operation strategy: Go long on gold near the 3345-3355 area, target the 3365-3370 line. If it breaks above 3370, you can continue to hold and hope for further continuation.
OANDA:XAUUSDLong
by Trade-Daniel
ZENUSDT | Triangle Breakout Setup Brewing!#ZEN is currently consolidating in a symmetrical triangle pattern on the 4-hour timeframe, following a strong bearish move. The price action has shifted to a sideways range, signaling a potential trend reversal or continuation setup in the making. What to Watch: We’re closely monitoring a bullish breakout from the triangle or resistance zone. A confirmed breakout with a successful retest will trigger our long entry. As always, proper risk management is key – wait for confirmation before entering. Trade Plan: ✅ Wait for breakout above resistance ✅ Look for volume confirmation ✅ Enter on retest with a tight stop-loss ✅ Target recent highs for a solid R:R setup What’s your take on #ZEN? Do you see a breakout coming or more chop ahead? Drop your thoughts in the comments! Follow me for more real-time crypto setups and chart breakdowns! #ZEN #CryptoTrading #PriceAction #TrianglePattern #BreakoutTrade #TechnicalAnalysis #ZENUSDT #Altcoins #TradingSetup #CryptoTA #BullishBreakout #SwingTrade #4hrChart #TradingViewIdeas
Long
by mudusir
2
GBPUSD Week 29 Swing Zone/LevelsAfter 7 straight weeks of profitable gold trading, we’re shifting gears to GBPUSD. Why this pair? It’s offering a classic low-risk, high-reward setup that many traders appreciate: 🔒 Stop Loss: 10–15 pips 🎯 Take Profit: 50–100 pips We’re analyzing price action using a simple but powerful concept: Each zone is drawn based on how the high and low of one day compares with the next. For example: Monday’s high/low vs Tuesday’s range Tuesday’s vs Wednesday’s, and so on This method helps spot potential continuation zones as market structure unfolds across the week. 👉 The key? Patience, and letting the levels tell the story. As always price action determines trades
by PinchPips
“How Other People’s Fear Becomes Our Profit”From a behavioral and technical standpoint, LEVI presents a textbook short opportunity following its post-earnings overreaction. After a strong earnings beat, the stock surged over 13% intraday, reaching a high of $22.07. However, this rally quickly pushed RSI into overbought territory, triggering natural selling pressure. Much of this sell-off can be attributed to traders who previously bought near the $21–$22 range and are now looking to exit at breakeven—a classic example of loss aversion and anchoring bias. This emotional response often leads to temporary price spikes followed by sharp corrections. We are now observing that exact pattern, with the stock fading to $21.92 in after-hours and closing at $21.95, signaling buyer exhaustion. Technically, this marks a short-term trend reversal—from bullish earnings momentum to a developing downtrend. The price action shows rejection at key resistance, weakening volume, and emotional exit zones being triggered. Now is a clean, high-probability shorting opportunity, with potential to capture 2–7% downside in the next 1–2 sessions, especially as the broader market reacts to inflated valuations and profit-taking behavior.
NYSE:LEVIShort
by ChartKings
1
EURUSD InsightHello to all our subscribers. Please share your personal thoughts in the comments. Don't forget to like and subscribe! Key Points - Attacks on Fed Chair Jerome Powell are intensifying, mainly from President Trump and his close aides. Analysts say the tension between the White House and the Federal Reserve has reached a serious level. - President Trump announced on Truth Social that starting next month, a 30% reciprocal tariff will be imposed on both the EU and Mexico. - Canada added 83,100 jobs in June compared to the previous month, in line with market expectations. The unemployment rate came in at 6.9%, slightly below the forecast of 6.9%. The strong labor market data likely reduced the chances of a rate cut by the Bank of Canada in July. This Week’s Key Economic Events + July 15: U.S. June Consumer Price Index (CPI) + July 16: U.K. June Consumer Price Index, U.S. June Producer Price Index (PPI) + July 17: Eurozone June Consumer Price Index EURUSD Chart Analysis The price has broken below the trend channel and is now forming under the 1.17000 level. The downside appears more likely than an upward move. The expected support level is around 1.15000. Whether the price bounces from this area or breaks further downward will likely determine the future direction.
Short
by shawntime_academy
NZD/JPY – 4H Technical and Fundamental AnalysisNZD/JPY – 4H Technical and Fundamental Analysis NZD/JPY remains supported fundamentally by a hawkish stance from the Reserve Bank of New Zealand, which recently held rates at 5.50%, emphasizing ongoing caution around inflation. This tone continues to favor NZD strength in the short to medium term. Adding to that, seasonal trends also support bullish momentum July and August have historically been weak for the Japanese yen and relatively strong for the New Zealand dollar, aligning with the current upside bias. On our Technical Side NZD/JPY recently broke above a minor key resistance at 87.900, following a multi-week period of consolidation. This breakout signaled renewed buyer interest and a potential shift into a bullish continuation phase. After the breakout, price entered a clear accumulation zone, where early buyers positioned themselves just above support. However, smart money triggered a stop-loss hunt below 87.900, targeting liquidity trapped beneath that key level. This liquidity grab formed a Clear liquidity within the liquidity zone, creating a cleaner setup for long opportunities. Price is now heading back toward the previous resistance now flipped into a key support level. 📍 Buy Limit Setup: Buy Limit Entry: 88.030 Stop Loss: 87.570 (below liquidity zone) Take Profit: 89.250 (next minor resistance zone) 📌 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