Will Gold Reject This Important Resistance?Hey Traders, in today's trading session we are monitoring Gold for a selling opportunity around 3,355 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 3,355 support and resistance area.
Trade safe, Joe.
Parallel Channel
GOLD → The chances of a further decline are growing...FX:XAUUSD continues to test support at 3270 for a breakout. Any de-escalation of the conflict between the US and China could trigger a price drop. But it's not that simple...
Gold under pressure amid tariff war and ahead of US data
On Monday, gold is testing last week's low of $3260, remaining under pressure from a strengthening dollar and easing trade risks between the US and China.
Investors are preparing for the release of key US GDP and labor market data, which could influence expectations for Fed rates. Against this backdrop, the correction in gold could be replaced by growth if macro statistics turn out to be weak and geopolitical risks remain.
Another retest of support could trigger a breakout. It is necessary to monitor the situation between China and the US. Any de-escalation will trigger a decline.
Resistance levels: 3299, 3326
Support levels: 3268.9, 3245, 3232
Since the opening of the session, the potential for a further decline has been exhausted. Gold may strengthen to the indicated resistance zones. A false breakout of 3300/3326 could trigger a decline, which could bring the price closer to the support breakout of 3270.
With respect, R. Linda!
Axon’s Uptrend May Remain IntactAxon Enterprise has been climbing since last summer, and some traders may think its uptrend remains intact.
The first pattern on today’s chart is the tight consolidation pattern since February. The broader market revisited prices from a year prior, but the law-enforcement IT company never broke levels from just three months earlier. That shallower pullback may suggest buyers remain in control.
Second, AXON ended last week above the top of the range. Has a breakout begun?
Third, the stock tested and held its rising 200-day simple moving average on April 7. That may suggest the long-term uptrend remains in effect.
Next, MACD is rising. The 8-day exponential moving average (EMA) is also above the 21-day EMA. Those signals may indicate its short-term trend has gotten more bullish.
Finally, rallies after the last three earnings reports may reflect bullish sentiment towards AXON’s fundamentals.
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Bitcoin may little correct and then continue to grow in wedgeHello traders, I want share with you my opinion about Bitcoin. Analysing the current chart, the market behaviour becomes much more understandable. Initially, Bitcoin was moving inside a clean upward channel, showing steady growth with rebounds from the support line and multiple corrective phases. After a strong breakout above the buyer zone, the price maintained bullish momentum and reached the current support level at 88500. Later, BTC consolidated within the support area, confirming its role as a springboard for the next impulse move. The price eventually broke higher, leaving the channel behind and forming a new structure, an upward wedge. This wedge is a natural development after a strong uptrend, often suggesting that the price may continue climbing toward the upper boundary before any potential reversals occur. At the moment, BTC is trading between the wedge's support and resistance lines, precisely respecting both structures. Small corrective pull-backs have already been observed, but buyers quickly defended the support area, keeping the bullish structure intact. Given the clear market structure, the strong breakout momentum from the support area, and the continuation pattern in the form of the upward wedge, I expect Bitcoin to continue moving higher toward the 97000 points, which aligns with the resistance line of the wedge. This level also serves as my TP1 for the current bullish move. Please share this idea with your friends and click Boost 🚀
AMKTcryptomarket | Additional EOS review tipsHello to all AMKT members.😍
After analyzing the EOS token, we entered a new structure that we will analyze together.
In the 4-hour timeframe, after exiting the downward channel, we entered the ascending channel, which has created a bottom in the 0.6640 range.
For the long position, our trigger is still the 0.7072 break, and we must keep in mind that since we entered the ascending channel, there is a possibility that the 0.7750 range will be a resistance for us, but our target is still 0.8869.
But for the short position, our trigger is 0.5895 with increasing volume, but if we want to go for a short position, we can enter a short position by risking our capital with a break of 0.6640, which is a risky position.
BITCOIN → Consolidation or reversal? Why is $ 95000 important?BINANCE:BTCUSD held up quite strongly during the tariff war and largely weathered the storm, while the stock market and indices were in free fall. The improvement in the fundamental situation has once again heightened interest in the asset among traders and investors.
Earlier, I pointed out that against the backdrop of falling markets (due to Trump's policies and tariff wars), Bitcoin is holding up fairly well. It cannot be compared to gold, which maintains its status as a safe haven, but overall it has stayed out of the 73K risk zone.
Countries are continuing negotiations in the US, which generally points to an improvement in the trade situation, but all attention remains on relations between China and the US, and a resolution may be close.
Technically, on the daily/weekly timeframe, the price has broken through the trend resistance and the asset has moved from the sell zone to the buy zone, which in general only increases interest in the flagship. Bitcoin is stuck in the 95K-92K range. A false breakout of resistance provokes a correction, and now we need to monitor the price and see where the correction will stop. This will show us important support that could become the basis for consolidation.
Resistance levels: 95K, 100K, 102.5K
Support levels: 93.5, 92.9, 92, 91K
To break through 95K and continue growing, Bitcoin must form consolidation. There is none at the moment, and a correction and halt may indicate the approximate boundaries of consolidation. However, the focus is on 95 - 93.5 - 92K. If the price manages to stay within the local boundaries and continues to storm the 95K resistance, we will have a chance for a breakthrough and continued growth to 100K. Otherwise, Bitcoin may form a deeper correction, for example to 91-88K
Best regards, R. Linda!
GOLD (XAUUSD): Very Bullish Setup
Gold closed on Friday in a strong bullish mood.
The price started to rise after a test of the underlined blue
support cluster.
A breakout of a resistance line of a falling channel on an hourly
provides a strong intraday confirmation.
I expect a rise at least to 3439
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EURUSD DETAILED ANALYSISEURUSD has been gaining bullish momentum so far this year. We’ve seen how price has been moving on a rising channel from the daily perspective. Price is just 1.6% away from the higher timeframe downtrend resistance trendline . If we get a break above the higher resistance trendline , we’re likely to see more of the bullish growth for the rest of the second quarter of the year. If we see price fall below the local daily rising channel and also below the pullback support, a downward trend continues!
GBPCHF - Bull No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈From a medium-term perspective, GBPCHF has been bullish trading within the rising channel marked in blue.
This week, GBPCHF has been approaching the upper bound of its channel.
Moreover, the red zone around $1.115 is a strong support turned resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and resistance.
📚 As per my trading style:
As #GBPCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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GOLD - Price can continue to move up inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Long time price rising near the support line, but later it made a correction movement, breaking this line.
Then price had a sharp impulse that confirmed bullish structure and started to grow inside a rising channel.
After reaching the top boundary, the price reversed and started a pullback to the support area near $3265.
This zone also aligns with the channel base and acted as a bounce point before, making it a strong technical level.
Now the price is consolidating above this support, forming a higher low, which may confirm continuation.
As long as price holds, and I expect it to bounce from support line and push toward $3480 channel resistance.
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HOTUSDT clusters What we have in this point
"We are at a strong support area on the higher timeframes, with a demand zone.
A Butterfly harmonic pattern has appeared, and a breakout from the descending channel occurred.
This situation calls for making a decision now and then patiently waiting for the targets to be achieved."
Crypto XRPUSD Bear Bull Zone! What is Ripple Xrp next Big move? 🌎 Crypto XRPUSD Bear Bull Zone! What is Ripple Xrp next Big move?
🟢SeekingPips🟢 Says...
"when levels are as clean as this we can always use one of our intermediate TIMEFRAMES".
In todays case that task falls onto the 📉 120 MINUTE CHART📈
The GREY ZONE is our BIAS going forward for at least the next 48 HOURS.
Therefore 🟢 SeekingPips 🟢 is strictly BULLISH ABOVE & BEARISH BELOW the GREY ZONE.
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$Hype to new lows? GETTEX:HYPE looks like it's forming a double top here below key resistances.
If we end up falling lower here, and get to the bottom of the channel, I think that price is likely to break down from the channel and hit one of the lower supports before we start the next bullish move.
Let's see how it plays out over the coming weeks.
SUI/USDT Update - Approaching Channel Resistance! Let’s dive into the 1H chart for SUI/USDT.
Sui is riding a solid rising channel, showing strong bullish momentum!
Price has climbed from $2.25 since 22 April and is now at $3.59, with potential extention to the channel’s resistance at $4.00.
Key support holds at $3.00, with an intermediate level at $3.50.
If we break above $4.00, we could see a big move higher. But if rejected, expect a pullback toward $3.50 or $3.00.
Keep an eye on volume and price action at this resistance!
Adobe Wave Analysis – 25 April 2025
- Adobe reversed from the support zone
- Likely to rise to the resistance level 376.40
Adobe recently reversed sharply from the support area between the key support level 335.00 (which has been reversing the price from the start of 2023) and the lower weekly Bollinger Band.
This support area was further strengthened by the lower support trendline of the weekly down channel from the start of 2024.
Adobe can be expected to rise toward the next resistance level 376.40 (the former support level which stopped weekly impulse wave iii at the start of March).
SOL / USDT Update - Breakout in Play! Check out the 1H chart for SOLUSDT. Solana is showing strength in a rising channel, with a recent breakout from a symmetrical triangle to support at $150.
If we break to $165, we could see a strong move higher. But if rejected, watch for a pullback to $150 or lower.
What’s your take?
Despite Geo-Political tensions, Nifty closes above Mother line. It was quite remarkable for Nifty to close above the Mother line (50 Hours EMA) despite the Geo-Political tensions and brewing storm of escalations at border. This shows the character of not only Indian market but the resilience of India as a nation. In yesterday's post itself we had mentioned that strong technical resistance has been reached. Add the tension and intent of India to fight against terrorism so it was a perfect recipe for a major fall. Which may happen if things escalate further next week but recovering from 23847 and to close above 24K at 24039 shows that when things will be back to normal the indices will bounce back. Resistance for Nifty now remain at 24096, 24335 and 24504. Supports for Nifty remain at 23914 (Major Mother line support) of 50 Hours EMA, 23800, 23530 and finally 23363.
While Long term players, FII, HNI and DII look at such opportunities to invest for Retail trader it becomes very difficult to control their emotions in such an environment of Geo-political pressure and then we saw a huge fall in the market. The opportunity was seized by both DII and FII with both hands as both turned net buyers for Rs.6492+ Crores. So traders / investors should always avoid knee jerk reactions. Who knows what happens during the weekend the support and resistance levels to watch out for are already mentioned in the message.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
XRPUSDT The Calm Before the Storm: Major Breakout Loading…BINANCE:XRPUSDT has been trading within a well-defined horizontal channel for an extended period, signaling a prolonged consolidation phase. This kind of price behavior often precedes a major breakout, and all signs now point toward an explosive move to the upside.
What makes this setup even more compelling is the presence of an inverse head and shoulders pattern within the channel a classic bullish reversal formation. This pattern, forming after a long sideways trend, adds serious weight to the bullish narrative. It suggests that the accumulation phase is coming to an end, and buyers are preparing to take control.
A breakout above the upper boundary of the channel would confirm the pattern and could trigger a strong rally. Once XRP breaks out with volume, it may leave the consolidation zone behind for good and momentum could carry it to much higher levels.
Traders should watch closely for confirmation and manage risk accordingly. Always use a stop-loss to protect your capital. The opportunity is clear. CRYPTOCAP:XRP is gearing up, and the breakout could be unstoppable.
BINANCE:XRPUSDT Currently trading at $2.19
Buy level : Above $2.2
Stop loss : Below $1.95
Target : $3.5
Max leverage 3x
Always keep stop loss
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