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Support and Resistance

Now That Gold Ended Bearish Weekly, What Next?After the indecision in the upper week, XAUUSD resumed its sell‑off this the trading week and closed below the prior week’s low, locking in a bearish weekly close. With momentum skewed to the downside, a mean‑reversion likely to occur over the next few weeks. N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
OANDA:XAUUSDShort
by BullBearMkt
Strategy $MSTR hits resistance, what will it do? NASDAQ:MSTR has rebounded from the bottom fairly fast compared to other stocks and indexes. It's even performed better than Bitcoin itself. It is up about 65% from the low we set a few months ago. However it should be hitting heavy resistance now near 395-400 and above is only heavier resistance. It's time for a pullback and a breather for MSTR. Target is the Point of Control near $350, before going higher. However we could turn bullish again before reaching $350. I personally know someone who played with fire by buying NASDAQ:MSTR options calls while it was dropping before, meaning he was trying to catch a falling knife and got burnt finally. He lost nearly $500,000 because of it. So I don't mess with options personally, however I will margin trade with stocks and trade futures, forex and leverage trade cryptocurrencies.
NASDAQ:MSTRShort
by SakisBack
MSTR (Strategy) coming up to $395, the smaller resistance levelNASDAQ:MSTR has rebounded from the bottom fairly fast compared to other stocks and indexes. It's even performed better than Bitcoin itself. However it should be hitting heavy resistance now near 395-400 and above is only heavier resistance. It's time for a pullback and a breather for MSTR. Target is the Point of Control near $350, before going higher. However we could turn bullish again before reaching $350 I personally know someone who played with fire by buying MSTR options calls while it was dropping before, meaning he was trying to catch a falling knife and got burnt finally. He lost nearly $500,000 because of it. So I don't mess with options personally, however I will margin trade with stocks and trade futures, forex and leverage trade cryptocurrencies.
NASDAQ:MSTRShort
by SakisBack
EURUSD:Sharing of the Trading Strategy for Next Week This week’s trading wrapped up successfully. Our exclusive VIP trading signals achieved a 90% accuracy rate! As of May 3rd, the exchange rate of the euro against the US dollar is 1.1295, rising by 0.1045% compared to the previous trading day. Currently, the euro/US dollar is fluctuating within the range of 1.13 to 1.14. In terms of trading operations, it is mainly advisable to go long at low levels, supplemented by going short at high levels. Traders must closely monitor economic data such as US employment and inflation, as well as the trends of monetary policies in Europe and the United States, and strictly implement risk control measures. Trading Strategy: buy@1.12800-1.13000 TP:1.14000-1.15000 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
Long
by PagAugustine
GBPUSD:Sharing of the Trading Strategy for Next Week This week’s trading wrapped up successfully. Our exclusive VIP trading signals achieved a 90% accuracy rate! As of this week, the current exchange rate of the GBPUSD is 1.3268, which has decreased by 0.0858% compared to yesterday. From a technical perspective, on the daily chart, the British pound against the US dollar has held firm above the support level of 1.3240. The bullish momentum of the MACD continues, and the RSI value is 65.85, which has not reached the overbought level. In terms of trading operations, it is mainly advisable to go long on pullbacks. Attention should be paid to the policy meeting of the Bank of England on May 8th, as well as news regarding economic data of the UK and the US, trade policies, and other relevant information. Trading Strategy: buy@1.3240-1.32500 TP:1.3380-1.3420 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
Long
by PagAugustine
GOLD (XAU/USD) - Long Opportunity from FVG Zone🔹 GOLD (XAU/USD) - Long Opportunity from FVG Zone Price has filled a Fair Value Gap (FVG UP) and tapped into a clear demand area. Strong reaction confirms bullish intent. I'm watching for a possible retest around 3,232–3,227 before a continuation to the upside. 📍 Entry Zone: 3,232 – 3,227 🛑 Stop Loss: Below 3,223 🎯 Target (TP): 3,263 📐 RR: Approx. 1:3 Key Points: Price broke structure to the upside. Liquidity sweep below intra-day lows. Bullish FVG acted as support. Clean upside inefficiency above. 🔔 If price gives a bullish confirmation on the retest, I’m looking to go long toward 3,263.
TVC:GOLDLong
by KechFx
The latest gold strategy analysis and operation guidance📌Fundamentals: This week, the US economic data was released intensively, and ADP employment, unemployment benefits, GDP and PCE price index were all bullish, but some data showed signs of weakness after Trump's tariff policy. The unemployment rate remained the same as the previous value of 4.2%, while the expected new employment of 130,000 was significantly lower than the previous value of 228,000. The market's concerns about the cooling of the economy provided support for the gold price. 📊Technical side: Although the 1-hour moving average is still in a dead cross short arrangement, there are signs of turning around. At the same time, after the rebound, gold began to consolidate at a high level instead of continuing to fall, so the momentum of the bears was weakened. So today's closing is critical. Today, gold fell back to around 3230 under pressure from 3270. In the short term, this is a balance range. You can see the shock in this range at night. If gold finally closes above 3270, then gold will most likely continue to rise next week. If it closes below 3240, then gold bears still have a great chance. If you want to operate in the short term, then don't chase it for the time being. Since it is a shock, you can go short first at a high level. If it breaks through 3270, then wait until next week. On the whole, today's short-term operation of gold suggests that the rebound is mainly short, and the callback is supplemented by long. The top short-term focus is on the first-line resistance of 3265-3270, and the bottom short-term focus is on the first-line support of 3200-3197. 🎯Practical strategies: Strategy 1: Go short when gold rebounds around 3263-3266, with a target around 3230-3210. Strategy 2: Go long when gold pulls back around 3197-3200, with a target around 3220-3230.
OANDA:XAUUSDShort
by TP_Daniel5
Kava potential Reversal and Target ProjectionKAVA is forming a potential bullish reversal after completing Wave 5 within a descending channel, reaching the External Demand Zone. A rally from current levels is anticipated, with initial support at the Immediate Resistance Level. The setup targets a short-term move to 1.10, then mid-term at 2.25, with a final breakout aimed at 4.97. The pattern suggests strong upside potential, contingent on holding support and breaking through key resistance zones. A confirmed upward break above immediate resistance will validate the bullish projection toward the final target.
by weslad
USDJPY: FVG Then Bullish Overflow?It has been a significant week for USD/JPY. Following a break of structure (BOS) on the 4-hour timeframe, price moved away from equilibrium, leaving behind a Fair Value Gap (FVG). As the new week begins, we may observe a false move designed to induce traders into premature short positions before a potential bullish reversal—or vice versa. Additionally, given the recent BOS, price may temporarily stall to facilitate order accumulation. Next week will be pivotal in determining the pair’s next direction. Watch out for the key levels
Long
by BeaucoupPips
SEI Is A Rocket (8H)SEI has started a strong move from the bottom. After breaking through a resistance zone with little to no reaction, it has now formed a SWAP zone. Buy orders have been effectively transferred from the SWAP area into the candles, and the price shows strong momentum to push toward higher levels. As long as the demand zone holds, SEI has the potential to reach the marked target area | or even go beyond it. However, a daily candle closing below the invalidation level would invalidate this analysis. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
Long
by iMoneyTeam
ALPHA is Ready To Fly (8H)ALPHA has encountered a key zone filled with strong buy orders. The volume of these orders appears sufficient to potentially pump ALPHA to higher levels. On the chart, we also have bullish confirmations, such as the formation of a CH (Change of Character) and the breakout of the trigger line. As long as the green zone holds, ALPHA can move toward the target profit (TP) levels marked on the chart. However, a daily candle closing below the invalidation level would invalidate this analysis. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
by iMoneyTeam
1
Buying opportunity in CSPR (1D)We have a strong move origin and a fresh, unmitigated support trading range on the chart. Previously, there was also a bullish CH, and a good time correction has formed. If the price reaches the Demand zone, we will look for buy/long positions. Targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
Long
by iMoneyTeam
1
Asahi songwon Color tring to score a break out. Asahi Songwon Colors Ltd. engages in the business of manufacturing and export of color pigments and its derivatives. Asahi Songwon Colors Ltd. Closing price is 361.40. The positive aspects of the company are Companies with Zero Promoter Pledge, Stocks Outperforming their Industry Price Change in the Quarter, Annual Profit Growth higher than Sector Profit Growth and Companies with Upcoming Results. The Negative aspects of the company are high Valuation (P.E. = 29.8), Increasing Trend in Non-Core Income and Declining Net Cash Flow : Companies not able to generate net cash. Entry can be taken after closing above 364 Historical Resistance in the stock will be 382 and 399. PEAK Historic Resistance in the stock will be 420 and 440. Stop loss in the stock should be maintained at Closing below 333 or 313 depending upon your risk taking ability. 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.
NSE:ASAHISONGLong
by Happy_Candles_Investment
SUI - Leveraging Fibonacci & Elliott for Precision TradesSUI’s movement is rapid, sharp swings—both up and down. In volatile conditions like this, we aim 0.702–0.786 fib retracements (and occasionally 0.886 in harmonic contexts) for high‑probability entries. Below is a clear, Elliott-focused breakdown of the current setup and both long and short trade plans. Before diving into the charts, let’s cover the basics of Elliott Wave Theory. Elliott Wave Theory provides a roadmap for market psychology by dividing price action into two distinct phases: 1. Impulse Phase (Waves 1–5) Wave 1: The spark that ignites a new trend as early adopters push prices beyond the prior range. Wave 2: A corrective pullback that tests the strength of the emerging trend, often retracing 38–61.8%. Wave 3: The powerhouse wave—typically the longest and most dynamic—driven by broad market participation and often extending to key Fibonacci levels (1.618, 2.618). Wave 4: A consolidating correction that digests gains and builds the base for the final thrust; it must not overlap Wave 1 territory in a classic impulse. Wave 5: The final leg of the advance, often fueled by last bursts of optimism and weaker hands. 2. Corrective Phase (Waves A–B–C) Wave A: Initial counter-trend reaction as profit-taking begins. Wave B: A deceptive retracement back toward the trend, frequently trapping traders. Wave C: The concluding leg of the correction, which typically tests or breaks the low of Wave A before the next cycle begins. Key Points: Impulse waves showcase momentum and structural clarity, often aligning with Fibonacci extensions. Corrective waves follow Fibonacci retracements (38.2%, 50%, 61.8%), offering optimal entry points. Wave 3 is seldom the shortest; Wave 4’s complexity sets the stage for Wave 5’s final push. In the current SUI structure: Wave 1 ignited the initial rally. Wave 2 delivered a healthy retracement, a pullback close to the 0.618 fib, setting the stage for stronger momentum. Wave 3 roared to a powerful peak topped at the 2.618 extension ($3.875) Now, we’re deep into Wave 4, likely an ABC corrective pattern. This pause is critical—it gathers energy before the final push of Wave 5. Below is a clear breakdown of each wave, big-picture confluences, and trade setups. 🚀 Elliott Wave Overview 1. Wave 1 & Wave 2 Wave 1: Quick surge from $2.4175 → $2.75, setting initial momentum. Wave 2: Pulled back close to the 0.618 fib, creating a solid launchpad. 2. Wave 3: The Power Move Peak: Hit the 2.618 extension of Wave 1→2 and aligned with the –2 extension of Wave 1. Significance: In strong bull markets, a run to the 2.618 extension often precedes a meaningful pullback. Here, Wave 3’s exhaustion suggests a retrace toward the 38.2% Fib of that advance—our ideal Wave 4 entry zone. 3. Wave 4: The Correction All eyes on the $3.17 level—the projected 1:1 extension of A→B and 0.382 fib retracement of Wave 3. This confluence zone is yet to be tested and could offer an ideal Wave 4 entry. ABC Pattern: Currently working on Wave C. 4. Wave 5: The Finale Target Zone: $4.00–$4.35, with strong focus at $4.31 Extension Levels: 1.133 → $3.9695 aligns with the 0.618 fib retracement. 1.272 → $4.0683 is close to the weekly resistance level. 1.412 → $4.1678 alings with the 0.666 fib retracement. 1.618 → $4.3142 alings with the key swing high. 🔑 Key Confluence Levels Golden Pocket: $3.9739–$4.1492 (90-day retrace). Speed Fan 0.618: Support around $3.15. Fair Value Gap: Psychological: $3.00 major support. 📈 Long Trade Setup Entry Ladder: $3.25–$3.111 (stack orders to DCA) Stop‑Loss: $3.07 (just below the 0.786 Fib low) Profit Targets: Fib 1.133 at $3.9795 ($4 psychological & partial take‑profit) Fib 1.272 at $4.0683 Fib 1.412 at $4.1678 Fib 1.618 at $4.3142 Risk:Reward: ~6:1+ (average entry around $3.20 → SL at $3.07 → TP1 at $3.9795) 📉 Short Trade Setup Entry Zone: $4.00–$4.35 (sweet spot at weekly level/yearly open) Confirmation: Bearish reversal candle or volume spike down Stop‑Loss: Above $4.35 Target: $3.77 (near Wave 3 high turned support) Risk:Reward: ~2:1 (varies with DCA entry) ⚙️ Summary & Game Plan Primary Bias: Long in the $3.25–$3.111 zone—stack into the 0.382-0.412 fib retracement entries with tight SL, aiming for the $4.00–$4.30 upside zone. Alternate Bias: Short on a clear rejection within $4.00–$4.35, targeting $3.77 or lower. Risk Management: Keep stops tight to maximize R:R. Patience & Confirmation: Wait for price to reach these zones and show reversal signals (price action, volume, patterns) before committing. All set—now let SUI’s swings unveil the opportunities. Sit tight, follow your plan, and let patience pay its dividend. Happy Trading! ____________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
20