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Pivot Points

Gold Faces Repeated Rejections, Bearish Outlook RemainsAlthough gold has yet to confirm a significant downtrend, it has faced multiple rejections around the 3030-3040 resistance zone in recent sessions. Notably, after touching 3036 yesterday, gold experienced a sharp pullback, forming a long upper shadow on the candlestick chart. This price action has diminished the supportive effect of the underlying W-bottom structure. If gold continues to struggle to break above the 3030-3040 zone, the current seemingly strong price action may prove to be a false signal, merely a setup for a subsequent decline. Additionally, with geopolitical risks easing and no significant fundamental drivers supporting further upside, I remain optimistic about a bearish continuation in gold. We can consider scaling into short positions within the 3028-3038 range, patiently targeting a retest of the 3010-3000 zone. A confirmed break below 3000 could accelerate further downside toward the 2995-2985 region. I would make more detailed trading plans and trading signals every day according to the real-time market situation, which is also the testimony of every successful transaction and profit of mine; the article has a certain lag, if you want to copy the trading signals to make a profit, or master independent trading skills and thinking, you can choose to join the channel at the bottom of the article
OANDA:XAUUSDShort
by Trader_Marvin
USOil:When to short at high levels?During the evening session yesterday, the price of crude oil surged again, reaching the resistance level of 69.5 per barrel in the session. However, after encountering resistance, part of the bullish momentum took profits and fled the market, causing the price to decline slightly to the support level of 69 per barrel without further drops. After today's opening, the bullish momentum is obviously insufficient, and the price has not risen further, showing a downward extension trend. Today's trading strategy: Focus on taking short positions at relatively high levels. Currently, the support at 69 per barrel is relatively solid. Observe whether the price can reach the resistance range of 69.5 per barrel again. If it breaks through upwards, look at the important psychological resistance level of 70 per barrel. Choose to take short positions again within the range of 69.5 - 70 per barrel, with the target price at $68 per barrel. Participate with a small position. USOIL Trading Strategy: Sell@68.5-69 TP:68-67 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILShort
by LeoBlackwood
BNBUSD BNBUSD Price Action Analysis – 4H Timeframe 📊🔥 Market Structure: The chart shows a symmetrical triangle pattern forming, with the price approaching a breakout. 📈🔺 Supply and demand zones are marked with red boxes, indicating key levels for reaction. 🟥 The price is currently testing the $627.02 resistance level. 🚀 Trend Analysis: A Higher Low (HL) was recently formed at $564.51, maintaining the bullish trend. 🔼 The 50 EMA at $621.21 acts as a strong dynamic support. 📉 Increasing volume suggests a potential breakout. 📊 Key Levels: Resistance: The $627.02 - $630 area is a critical supply zone. If broken, the next target would be $676.38. 🎯 A breakout above this level could confirm strong bullish momentum. 🟢 Support: The $621.21 level, aligning with the 50 EMA, serves as a key support. 📉 If this level breaks, a potential decline toward $564.51 is possible. ⚠️ Possible Scenarios: 🔹 Bullish Case: A confirmed breakout above $627 could push the price toward $676. 🚀 🔹 Bearish Case: Rejection from resistance and a break below $621 may lead to a drop to $564. ❌ 📌 Conclusion: Watching for breakout confirmation before making any decisions. 🔎 Key levels: $627 (resistance) and $621 (support). 📍 Volume and price action will determine the next move. 📊
by EhsanZeydabadi
GOLD(XAUUSD) -Weekly Forecast,Technical Analysis & Trading Ideas💡 OANDA:XAUUSD Daily Timeframe: As forecasted by 4CastMachine AI last week, gold started its decline when it hit the red channel line. This decline will continue, but the support area of ​​2955 could trigger a rebound. At the support area of ​​2955, the up trend line will also prevent further declines. If this area is broken, the price will decline to the support area of ​​2789.95. This area, which was previously a major resistance, will become a major support, creating a good buying opportunity. So, given the long-term uptrend, we can use this area as a long-term BUY ZONE. 💡 TVC:GOLD H4 Timeframe: The price is in a Corrective wave. Given the break of the ascending trend line in the RSI, the corrective wave is expected to continue to a depth of 2955. 💡 H1 Timeframe: A Head and Shoulder Reversal Pattern has formed and the neckline has also been broken. Price is touching the neckline again. It is very likely that the downward wave will start from this area. 3027.83 support is broken now. It will act as a Resistance now! Forecast: Correction wave toward the Sell Zone Another Downward Impulse wave toward Lower TPs __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
FX:XAUUSD
by ForecastCity
17
cup and handle pattern may be forming on the weekly chart HOOD"Potential Cup and Handle Pattern on NASDAQ:HOOD A cup and handle pattern may be forming on the weekly chart of HOOD. The cup formation can be seen from August 2024 to February 2025, with a high point of around $55.00 and a low point of around $14.00. The handle formation started in late February 2025 and is currently ongoing. Key levels to watch: Resistance: $50.00 Support: $39.00 A breakout above the resistance level could confirm the pattern, potentially leading to a bullish trend. Keep a close eye on this stock! Weekly Daily and Monthly all look good. #HOOD #cupandhandle #stockmarket #trading"
NASDAQ:HOODLong
by Paul_Hodls