Get started

Support and Resistance

DeGRAM | XRPUSD Retest of Support Level📊 Technical Analysis Breakout from wedge XRP/USDT broke above a descending wedge, confirming support near $2.00. Key resistance The next target is $2.30, aligned with the upper resistance trendline. Predictive scenario If support holds, XRP could climb toward $2.30 with room for further upside if broken. 💡 Fundamental Analysis Ripple gains momentum as legal clarity improves. Positive sentiment around altcoins and rising market activity support a bullish outlook. ✨ Summary XRP’s breakout and legal tailwinds point to continued growth. Watch $2.30 for potential breakout confirmation. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
7
Gold – How Important Could the Fibonacci Support Levels Be?Even by recent standards, the price action seen in Gold this week so far has been extreme. For those that may not have seen it all, here we go. Gold opened at 3331 on Monday, traded to a new all time high of 3500 on Tuesday, then dropped all the way back down to 3260 on Wednesday before recovering again to current levels around 3330. A round trip of circa 14%. The drivers appear to be comments from President Trump and US Treasury Secretary Bessant. With President Trump seeming to challenging the independence of the Federal Reserve at the start of the week (Gold higher) and then pulling back from his most outspoken criticism on Wednesday (Gold lower). Alongside President Trump and Secretary Bessant both commenting on the potential for a de-escalation of the trade war with China on Wednesday (Gold lower), but then suggesting it may take some time to agree (Gold higher). All of this at the same time that a potential US brokered peace detail between Ukraine and Russia may be moving a step closer to becoming a reality and you can possibly see why Gold prices have moved so much. Right now, as traders take a pause for breath, its may be a good time to consider the charts and identify some potential support and resistance levels that may come into play into the Friday close. Technical Update: 3292 Fibonacci 38.2% Support in Focus Let’s be honest here, when a market is accelerating higher into new all-time high ground, as an almost ‘panic’ rush to get long of an asset is seen, it is very difficult to establish upside resistance levels that may or may not be able to hold the advance, let alone reverse it. As technical analysts, we can only really focus on 2 things in such a condition, psychological round numbers and Fibonacci extension levels. Therefore, it’s interesting where the recent acceleration higher in Gold stalled this week, at 3500. Obviously, this is a round number that may have drawn traders’ interest from a psychological perspective, but this also represented a test of 3468, which is equal to the 261.8% Fibonacci extension of the October 31st to November 14th 2024 sell-off. With weakness developing from 3500, this extension level held on a closing basis, from which further declines have materialised. So, we might suggest after the recent weakness in Gold prices, that an upside resistance area has now been established between 3468/3500. If that is the case, what might the support levels be for us to monitor to gauge if current weakness has further to carry of not? Potential Support Levels: The latest phase of price strength in Gold was seen between April 7th to April 22nd 2025, and calculating Fibonacci retracement on this price strength, may highlight some interesting support levels. The latest downside move has tested, and is so far being held by support at 3292, which is the 38.2% Fibonacci retracement of the latest strength. Traders may now be watching how this level performs on a closing basis, as confirmed breaks lower might see a more extended phase of price weakness emerge. Much will of course depend on future market sentiment and price trends, but closing breaks below 3292 could suggest further declines to 3228, the 50% level, possibly even 3165, which is the deeper 62% retracement. Potential Resistance Levels: As we have already said, the latest price activity may well be suggesting the 3468/3500 range is an area that may prove to be a resistance focus. However, if the 3292 retracement support continues to hold, focus could then be on 3380, as a possible lower resistance level. This is equal to half of the latest declines, with closing upside breaks of this resistance possibly suggesting positive themes are re-emerging, which could lead to further pressure being placed on the important 3468/3500 resistance range. The material provided here has not been prepared in 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:XAUUSD
by Pepperstone
DeGRAM | BTCUSD Flipped the Resistance Zone📊 Technical Analysis BTC holds the reclaimed 90-91k zone; staying > $91 500 keeps 98k then 108k in view. 💡 Fundamental Analysis • Spot ETFs drew $381 M (21 Apr), $936 M (22 Apr) and $912 M (23 Apr) net inflows. • Network hashrate hovers near the 1 000 EH/s ATH • MicroStrategy lifted its stack to 461k BTC after a fresh 11k buy. ✨ Summary Strong, accelerating ETF demand, shrinking liquid supply and ongoing corporate accumulation reinforce the bullish breakout, favouring a climb to 98-100 k while BTC holds above $91 500. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
2
Carnival Corporation (2 hours chart, NYSE) - Long PositionCCL - Carnival Corporation (2 hours chart, NYSE) - Long Position; Short-term research idea. Risk assessment: High {volume & support structure integrity risk} Risk/Reward ratio ~ 2.33 Current Market Price (CMP) ~ 18.53 Entry limit ~ 18.30 to 18.10 (Avg. -18.20) on April 24, 2025 1.⁠ ⁠Target limit ~ 19.20 (+5.49%; +1 point) 2.⁠ ⁠Target limit ~ 19.60 (+7.69%; +1.4 points) Stop order limit ~ 17.6 (-3.3%; -0.6 points) Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter. LEGEND: {curly brackets} = observations = important updates (parentheses) = information ~ tilde/approximation = variable value -hyphen = fixed value
NYSE:CCLLong
by VEDIMarketWatch
Gold still has the risk of adjustment in the short termAnalysis of gold market trend: From the daily level, gold rose strongly during the trading session on Tuesday, touched the key price of 3500, then fell under pressure and finally closed with a negative line. This trend of rising and falling shows that the selling pressure from above is heavy, and the bulls are strongly blocked by the bears at high levels. Then, gold continued to fall on Wednesday and closed with a negative line again, forming a technical pattern of two consecutive negative lines. This continuous decline further confirms that the short-term bears are dominant. From the 4-hour gold chart, the gold price has maintained a fluctuating decline since it was under pressure at the 3500 line. The current price has fallen back to the 3260 line at its lowest, and the short-term decline has reached 240 US dollars. Although there has been a rebound during the day, the upward trend has been destroyed. The MACD indicator double line has issued a dead cross change signal, suggesting that the callback trend may have started. Pay attention to the pressure effect of the 3368 line during the day. For the current market, the rebound is just a flash in the pan, and it rebounded sharply again, reaching the highest point near 3367 and then retreated. It is currently maintained near 3330. In fact, the market is actually at a loss for long and short positions, and is simply unable to withstand its huge shocks. For the Asian session's highs and falls, we support it according to the shock retracement. For example, if the European session rebounds again near 3358-60, we will continue to try to short, with the target at 3320-10, and a loss of 3370. The market amplitude is so drastic that I need to strictly implement good operating habits, try with a light position, strictly stop loss, and don't have a fluke mentality! On the whole, today's short-term operation strategy for gold is to rebound and short, supplemented by callbacks. The short-term focus on the upper side is 3368-3370, and the short-term focus on the lower side is 3260-3285. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by TP_Daniel1
US policy news triggers huge shock in gold Analytical StrategyThe short-term 4-hour middle track 3380 line has been lost, becoming a key counter-pressure point. As long as the price cannot stand on this position again, it will maintain a downward correction trend. If it falls below 3292, the gains and losses of the 66-day moving average 3260 will be concerned. The 1-hour level K line is under pressure from ma10 and ma5 and continues to fall. After last night's consolidation and pull-up, the current K line has re-run above ma10, and at the same time, macd forms a golden cross below the zero axis. This wave of 200 US dollars of rapid exploration has almost corrected most of the overbought situation. If the price continues to fall, or with the help of bottom divergence, it will slowly brew a short-term bottom. Today's gold rebound reminds that attention should be paid to the resistance below 3340, and the limit is below 3356. If it is not under pressure, it will still be bearish adjustment. Strong support is at 3260 or 3245. After the position stabilizes, it will begin to consider bottom-fishing. For today's short-term operation of gold, it is recommended to focus on rebound shorting and supplemented by callback longing. The short-term focus on the upper side is 3350-3370 first-line resistance, and the short-term focus on the lower side is 3300-3280 first-line support.
OANDA:XAUUSDShort
by TP_Daniel5
Potential Breakout in PalantirPalantir Technologies has been consolidating as the broader market struggled, and some traders may look for its uptrend to continue. The first pattern on today’s chart is the February 24 high of $99.01. PLTR peaked near that level in late March and again last week. However the stock cleared the resistance yesterday, which may signal a breakout. Second, prices consolidated at the 50-day simple moving average but have now escaped from it. Is the intermediate-term trend getting more bullish? Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD is also rising. Those patterns may reflect bullish short-term momentum. Finally, the software company is a highly active underlier in the options market, averaging more than 700,000 contracts per session in the last month. (It ranks in the top five of the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:PLTR
by TradeStation
Nifty Analysis EOD - April 24, 2025🟢 Nifty Analysis EOD - April 24, 2025 🔴 Inside Bar Alert—Calm Before the Storm? 📊 Market Recap: Nifty opened at 24,284, marking a Gap Down of 51 points (-0.21%) from the previous close. The day began on a surprisingly calm note, but that didn’t last long. Within just 15 minutes, Nifty spiked over 100 points, rushing toward PDH (Previous Day’s High)—only to reverse sharply in the next 15 minutes and create a new intraday low. 📉 This wild back-and-forth action in the first hour was nothing short of a nightmare for intraday traders—especially those trying to catch a trend early. If anything, scalpers might’ve had the best time, capitalizing on the swift movements in both directions. For the remainder of the session, Nifty oscillated within the CPR zone, with a few false breakout candles that quickly retraced. The structure remained range-bound, indecisive, and tricky to navigate. 📅 Expiry Day Check: Deja Vu, Minus the Volatility If we set aside the unusually directional move of April 17th expiry, today looked like a textbook expiry day, much like the past 10 before it: Movement hugging VWAP Small false breakouts on either side No follow-through Today’s range: 132 points Avg range of last 10 expiries: 192 points This time, however, the volatility was muted, despite early session fireworks. 🕯 Daily Candle Structure: Inside Bar + Shooting Star On the Daily chart, today’s price action has formed a bearish Shooting Star–like candle, but here’s the kicker—it’s also an Inside Bar setup. 📌 What’s an Inside Bar? An Inside Bar pattern occurs when today’s high and low are completely within yesterday’s range (the “mother bar”). This signals consolidation or indecision, and often precedes a strong breakout. 📖 How to trade it? Wait for a decisive breakout above the mother bar high or below the mother bar low. Add confirmation with volume surge to gauge the strength of the breakout. 👉 Remember: The Inside Bar doesn’t predict direction—it just tells you a move is brewing. 📌 Gladiator Strategy Update ATR: 328.34 IB Range: 108.40 (Small IB) Market Structure: Balanced 🎯 Trade Highlights: No Trade Opportunity Presented — The structure didn’t offer any valid setups within strategy rules. 🧠 Index Performance Snapshot: Nifty 50: -82 Points (-0.34%) Bank Nifty: -168.65 Points (-0.30%) Nifty 500: -57 Points (-0.26%) Midcap: -71 Points (-0.13%) Smallcap: -6 Points (-0.04%) 📌 Key Levels to Watch 📍 Resistance Zones: 24,330 ~ 24,360 24,480 ~ 24,540 24,800 📍 Support Zones: 24,190 ~ 24,225 23,950 ~ 24,000 (Immediate) 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,200 ~ 23,190 🧭 Final Thoughts: "Inside Bars are like market whispers—subtle, quiet, but worth listening to. The next breakout might just surprise you." ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
POL (MATIC) Falling Channel BreakoutBINANCE:POLUSDT is attempting a breakout from a nearly 6-months long falling channel. A daily close above the resistance would offer confirmation. Watch for a potential retest of the resistance as support, as the overbought Daily RSI could signal an imminent pullback. Key Levels Aside from the support, these are all good candidates for partial TPs. • $0.15-$0.17: Bull order block and current support • $0.30: Previous S/R, 0.236 fib of the move down, and HVN. Will likely offer resistance. • $0.53: Previous S/R, and 0.618 fib of the move down. • $0.66-$0.77: Main supply zone, and December 2024 high.
Long
by AliferCrypto
7 Reasons To Think About Before You Buy This Forex PairIn this article am going to show a candlestick pattern. Candlestick Patterns are forward looking indicators. This means it will show you signal before the Rocket Booster Strategy clicks. The 🚀 Rocket Booster Strategy is a common technical analysis signal. Because it's a very simple one to show you trends. When you look at this chart you will notice: 👉 The price is above the 50 EMA 👉The price is above the 200 EMA 👉The Candlestick Pattern Is A Bullish Harami ❌In this case the EMA's have not crossed. ❌In this case the price has not gapped up. Even though, ✅A Bullish Reversal Candlestick Pattern has formed called " Bullish Harami" ✅The price is above both moving averages. This goes to show you that the rocket booster strategy is not perfect. If you want to see what happens then enter a buy signal on your simulation trading account. Trade safe. Rocket boost this content to learn more. Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies.Also use a simulation trading account before you use real money.
Long
by lubosi
solona SOL/USDT: Key Levels to Watch SOL/USDT trades at 146.66 (+2.94%), showing bullish momentum but facing key tests ahead. Critical Levels - Support: 142.12 (immediate), 138.21 (strong), 130.00 (major) - Resistance: 151.10 (breakout zone), 155.00 (next target), 160.00 (major hurdle) Outlook - Bullish: Holding 142.12 and breaking 151.10 could push SOL to 155-160. - Bearish: Losing 142.12 may trigger a drop toward 138 or 130. Watch RSI (60.57) and MACD (4.88) for momentum clues. Trade wisely—always confirm with volume and price action.
by famousFinance54964
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Another blinder of a day on Gold! Although we didn't get the entry again that we wanted from higher up, we continued to hold with the move downside completing Excalibur and using the Indi levels and boxes to guide us. Now we're at crucial support here and just below 3255 which if attacked and bounced, we should see a retracement up into the 3295 and 3310 regions initially. Too low to short, only support levels for tests here. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
3
DeGRAM | GOLD Reached the Support📊 Technical Analysis Gold’s false pop above $3 500 reversed into a falling wedge; price slipped through $3 430 and is now testing the support level at $3 315 (channel base + trend-line). Holding this pivot preserves the rising channel and favors a rebound toward $3 500 – 3 520. 💡 Fundamental Analysis Central-bank demand stays brisk (333 t Q4-24; PBoC buying streak now 5 mths). Fed pause, softer real yields and a 3-yr-low USD cut carry costs. IMF warns tariff risks could chill growth, boosting hedge bids. ✨ Summary A hold above $3 315 could launch XAU/USD back to $3 500+, with $3 520 on a clean breakout. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FOREXCOM:XAUUSDLong
by DeGRAM
5
DeGRAM | EURUSD Holding in the Demand Zone📊 Technical Analysis EUR/USD is still capped by $1.16 and has slipped back under its trend-line, keeping bearish divergence alive; sub-1.145 trade leaves $1.134 then $1.12 exposed. 💡 Fundamental Analysis Euro-area confidence and PMI hover near stagnation amid fresh U.S. tariff threats. U.S. payrolls jumped 228 k in Mar, and Fed officials favour steady rates, keeping yields and USD firm. ✨ Summary Eurozone softness versus robust U.S. data widens policy divergence, aligning with the technical rejection at $1.16. A daily close below $1.134 should quicken a slide toward $1.12. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1