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Support and Resistance

SPX500 Long - Bounce of 5200 key psychological level Tariffs are paused. CPI data was good, coming in at 2.4 instead of 2.5, indicating room for Fed to lower interest rates if economy gets worse. I expect prices to climb back up instead of getting pulled down by just China trade war. Entry: 5200 SL: 5160 TP: 5500 Results of ideas thus far: Number of trades: 4 WR: 25% Profit: 0.9R Notes: This is currently for personal practice to write out trade ideas. Feedback is welcome, and please don't mind if none of this makes sense.
OANDA:SPX500USDLong
by yuhaocooper
GOLD → Global economic risk indicator consolidates ahead of CPIFX:XAUUSD , rather quickly changes the market structure to bullish and continues its aggressive rally. The economic risk indicator is working perfectly. Technically, the focus is on the range 3135 - 3099 Gold is consolidating around $3,100 in anticipation of US inflation data. The escalating trade war between the US and China keeps demand for defensive assets alive despite the pause in price gains. Trump imposed 125% tariffs on Chinese goods and China retaliated with duties of 84% on U.S. imports. Increased tariff tensions are raising recession expectations and encouraging bets on a Fed interest rate cut, which supports gold. However, a rise in March CPI inflation (expected 2.6% y/y) could trigger a downward correction, although the impact could be short-lived - tariff news remains the main driver Technically, the price failed to reach the 3135 liquidity zone and reversed, which attracted the crowd willing to sell (deceptive maneuver). But, after correction the price may return to the target quite quickly Resistance levels: 3135, 3167 Support levels: 3100, 3090, 3077 Emphasis on the range boundaries, possible retest of 3100-3090- 3075 before continuation of growth. On the news or before the opening of the American session there may be a long squeeze before the continuation of growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
DOGE → Will the market hold strength or lose it all?BINANCE:DOGEUSDT is testing the liquidity and resistance zone amid a downtrend as part of a news-induced rally. Will the market hold this trend or return to a sell-off? The downtrend continues. As part of the correction triggered by the news backdrop, bitcoin strengthened and pulled the altcoins with it. But the market may lose all its growth quite quickly, as bearish pressure on the market is still very strong (There are no fundamental positive changes for the market). The fall of BTC may be followed by DOGE as well. Technically, the price is forming a false break of the resistance zone 0.1622 - 0.15700, consolidation of the price below this zone will provoke the continuation of the fall to the nearest zone of interest 0.13646. Resistance levels: 0.157, -0.1622 Support levels: 0.13646, 0.1277, 0.1154 A retest of the trend resistance is possible, but price consolidation below the key zone will be a good signal indicating the seller's strength, the decline may continue. On the weekly timeframe we have a trigger at 0.14217, break of which will open the way to 0.1277 - 0.1025. Regards R. Linda!
Short
by RLinda
10
Clean Breakout – Buy Setup in Action: 🚀 Trade Setup Alert – BUY Signal Activated 🚀 I've analyzed the chart and identified a strong Buy Signal based on technical indicators and support levels. Here's the detailed breakdown of the trade: 📌 Entry Point: 3118 (Confirmed breakout entry) 📉 Support Levels: Support 1: 3070 (Major support zone) Support 2: 3100 (Intermediate support) 🎯 Target 1: 3160 🎯 Target 2: 3180 📊 Technical structure looks solid, with price respecting key support levels and showing bullish momentum. As long as 3070 holds, this setup has high potential for upside movement. Stay disciplined, manage risk, and let the levels play out. 💪📈
OANDA:XAUUSD
by BinSFunds
BTC USD Elliott Wave AnalysisHello friends Especially those who are new members (welcome) In the digital currency Bitcoin, after a sharp rise and the formation of a range zone, we saw a drop in the price of Bitcoin. Today we want to check whether this drop continues or not? If the answer is yes! How far? We see a corrective pattern on the daily timeframe. This pattern is flat with a long wave C. The structure of this pattern is 3-3-5. Wave C is 5 waves. Now we are in wave 5 and we are waiting for a slight increase in the price to the $ 86,500 area and then the price will drop to the $ 73,500 area. This area is a static support and we expect a reaction at this price. Good luck and be profitable.
BITFINEX:BTCUSDShort
by M_Gheysvandi
EURUSD Elliott Wave AnalysisHello friends (especially Mr. Mehdi) I left this analysis for Mr. Mehdi. Given our prediction that the price growth in the EURUSD currency pair was expected, this analysis went completely according to our expectations, of course I hope you have benefited from this analysis. Now, considering the formation of a 5-wave pattern in wave 1 of 3 or C and waves 2 and 3 of the main wave 3 or C, We will expect the formation of a corrective wave in the main wave 4. Given the price reaching 1.618 wave 1 and forming a shadow, we will most likely enter a correction. Given the strength of its wave 3, this correction can be partial or deep. But considering the support levels, the minimum correction will be the 1.07500 range, if this level is lost and decreases, the next range will be 1.0600 and then, less likely, the 1.0500 range. Be successful and profitable.
Short
by M_Gheysvandi
8
Gold Elliott AnalysisHello friends As predicted, we expected a 5-wave formation, which happened, and with the formation of a divergence between waves 3 and 5, the price of gold fell. Now a small wave with 5 parts has formed, which could be wave A of a zigzag. We expect the price to grow by 61.8% of the decline that occurred in the main wave B. Now, considering the psychological support of $3,000, this price reversal may happen right now or it may fall to the $2,960 range and then the price will grow. In general, we will have a growth in the main wave B and then another sharp decline in the main wave C. Meanwhile, the RSI indicator has also reached the oversold limit. Good luck and be profitable.
FX_IDC:XAUUSDLong
by M_Gheysvandi
CCJ Gets Another Bounce from Key Demand ZoneCameco has bounced from the key demand zone at 32.50–35.50 for the sixth time, further confirming this area as a significant support level. The 200-day moving average also played a major role in the bounce, acting as a magnet. In the last three instances, when the price moved nearly 20% below the 200-day SMA, an upward reaction followed, this time marks the fourth occurrence of the same pattern. However, NYSE:CCJ continues to face pressure from falling uranium prices, which have been declining for nearly 14 months. While long-term prospects remain positive due to growing investments in nuclear energy, the medium-term outlook remains uncertain. A breakdown below the 32.50–35.50 zone could lead to intensified bearish pressure. On the upside, the 40.00 and 46.40 levels are key short-term resistance zones that traders should watch.
NYSE:CCJ
by ftdsystem
GOLD The price can fall quickly by touching the key ResistanceGOLD (XAUUSD) – Key Zones & Short-Term Setup Gold has shown strong bullish momentum recently breakout of the descending trendline and pushing toward key resistance levels However the current price action is approaching a critical zone that traders should watch closely Resistance levels 3,130 3,148 Support levels 3,100 3,087 3,045 Price is testing this area now. A clean breakout and retest could open the door for further upside However signs of exhaustion may lead to rejection A failure to hold above these levels could indicate a short-term bearish shift. Possible Scenarios: 1. Bullish Continuation: A clear breakout and retest of the 3,140–3,149 zone could trigger further bullish momentum. 2. Bearish Rejection: If price gets rejected from the resistance area watch for a drop below 3,100 which could pave the way to retest the 3,078 or even 3,045 support zone. The market is currently at a decision point so keep an eye on how price reacts around the highlighted zones. Trade safely and wait for confirmation before entering positions.
TVC:GOLDShort
by TrendLinford