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Support and Resistance

Precise short orders in 3370-3375 area are launched!Gold has been volatile recently, with intraday fluctuations ranging from 1 to 200 US dollars, which greatly increases the difficulty of operation for retail investors. On the surface, there are many opportunities, but there are only a few real big market opportunities. If you miss the rhythm, you can only watch your funds shrink. Remember that risk management is crucial. From the 4-hour analysis of gold, there are repeated resistances from bulls before the downward break; once it breaks down, the market will go further down, and the focus below is 3340. The upper short-term is 3370-3380, and the important resistance is 3400. Only by breaking through the bulls can the rebound continue. In terms of operation, sell high and buy low, and pay attention to the breakthrough! There are too many long orders accumulated at the current high level of gold, and the market will not rise sharply easily. The current international situation is so tense, and gold is still slowly declining. In this situation, it is difficult to rebound sharply. Operational suggestions: For short orders above, focus on the layout of the 3370-3375 area, strictly set a stop loss, target more than 20 points, control risks, and follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
2
The rebound is weak, is it expected to continue to decline? 📰 Impact of news: 1. Geopolitical situation 2. Pay attention to the impact of short-term trends of the US dollar and silver on gold 📈 Market analysis: The weekly level large range sweep is still going on, with a focus on the space defense dividing line area of ​​the 10-day moving average and the 3315-3310 area. After falling back to the lifeline in four hours, it continued to bend downward under pressure. During the sweeping decline, the suppression became more obvious. Whether there will be a wave of large-volume market, the pattern is expected to further open and guide the direction. In this process, note that the lifeline 3375 is also the resistance point determined by the last rebound last night. Use this as suppression to sweep the range below. On the whole, for the future gold, if it can maintain the rhythm of defending highs and breaking lows, and successfully closes at a low level today, then next week it is expected to further switch downwards to sweep space. Therefore, we will continue to focus on two support areas, one is 3345-3335, and the other is 3315-3310 after breaking 🏅 Trading strategies: BUY 3345-3335 TP 3355-3365 SELL 3365-3375 TP 3345-3335-3315 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell-2
1
[06/16] Weekly GEX Roadmap - Diagonal Spreads or Put Hedges?📊 Weekly GEX Map (SPX) This week’s GEX profile looks nearly identical to last week: Positive bias above 6020 up to 6100 But a sticky chop zone remains from 5975 to 6020 Below 5950? That’s where things get interesting… ⚠️ What Happens If 5950 Fails? In that case - welcome to negative gamma territory: Delta becomes unstable → fast, erratic moves Gamma loses influence → hedging effectiveness drops Dealer hedging lags → market makers chase, not lead Vega + theta distort readings → charm decay accelerates Result: GEX zones lose clarity. Pinning breaks down. Reactions become nonlinear and emotional. If we drop below 5950, we might see acceleration instead of stabilization — despite the positive GEX profile. 💡 Trade Idea of the Week – With Caution If not for Wednesday's macro risk (Fed rate decision), I'd suggest a bullish diagonal spread toward 6100–6150: Limited downside Defined risk Covers the full squeeze zone But with FOMC looming, I'd only hold this trade until Thursday and close once the debit doubles or earlier. 🧨 Macro + Geo Risks Fed is priced for “no move” → any surprise = volatility spike Rising tensions with Iran → oil and futures could react violently Recommendation : Avoid OIL this week, especially futures and naked strategies 🛡️ Prefer Downside Protection? If you expect weakness on SPX weekly: Consider a put debit spread with the short leg at 5950, where the second strongest Put Support sits. This type of structure can offer up to 6:1 reward-to-risk, making it one of the most efficient bearish hedges for this week. If you enjoyed the above breakdown, feel free to check out my previous weekly analyses or explore my tools as well. Until next time – Trade what you see, not what you hope, – Greg @ TanukiTrade
SPREADEX:SPX
by TanukiTrade
2
The Big Banks are in BIG TROUBLEAs you can see on this weekly chart, the XLF has been in this steady up trend since October 2023. It bounced off this upward slopping trendline 3 different times and then finally broke through it on the 4th hit, then came back up to test the underside of the trendline as resistance. It did get back above the trendline briefly last month, but it ended up being a bull trap as it fell back below the trendline and is now testing it as resistance once again and is currently being rejected. A Fibonacci retrace shows the 0.786 fib level also lines up with this area giving added confluence, as well as RSI divergence that I have highlighted. Massive Massive resistance in this area and so much room for potential downside. I see this trade as an extremely high probability of playing out. The options market agrees with me as well.
AMEX:XLFShort
by bradc1984
ETH: Breakout or Breakdown?As you can see ETH has been trading inside of this rising channel since the beginning of May. Rising channels favor a break to the downside, I've also highlighted some bearish divergence on the RSI which also points to a move down. The orange lines are long term weekly trend lines. The bottom orange line connects the 2022 lows through to the April lows, if price breaks down, expect a retest of the underside of the channel before moving down to the orange line around $1435. This would only be the third hit and third hits rarely breakdown. If it defies logic and breaks out above, look for it to move up to the top orange line around $3600, which connects the 2021 bull market highs through the march 24', May 24' and December 24' highs. If it comes into this area, it would be a 5th hit of a major weekly trendline, 5th hits have a very high probability of breaking out to the upside, if this happens it would be very bullish. In this scenario I would expect ETH to come down and test the top of said trendline as support before moving to new all-time highs. A Fibonacci retracement from the 2020 lows to the 2021 highs would put new price targets at $6,670 at the -0.382 as well as $7,800 at the -0.618.
COINBASE:ETHUSD
by bradc1984
2
EURUSD heads towards resistance, short-term reversal expectedEURUSD has been in a strong uptrend, and we’re currently observing price action is reaching a notable resistance zone. I am watching for a reversal here as marked on my chart, not expecting a major move, but rather a short-term rejection with a downside target at around 1.13670 , which also aligns with the POC. This is where it can become a decision point, either price finds support and bounces, or it breaks below, and that’s when we might see the move start to extend lower. If we get a decisive breakdown through that ascending trendline, my next area of interest is marked as TP2. From there we can expect either potential accumulation or another reaction, depending on broader market sentiment at the time. That said, we're navigating a complex backdrop currently: The EU macro environment is under pressure, as weak economic data from Europe is contributing to cautious sentiment around the euro. Meanwhile, a sustained USD bid continues, supported by stronger U.S. growth expectations, favorable yields, and persistent global demand. This further weighs on EURUSD. Adding to the uncertainty, escalating tensions between Israel and Iran have rattled markets this week. This geopolitical risk could be pushing oil prices higher: It’s important to note that if price convincingly rejects here and loses structure, especially with high volume and obvious bullish structure, this setup would become invalid. In that case, I would reassess and adapt
Short
by TrendDiva
34
EUR/USD Slips Toward Trend SupportEuro plunged nearly 1.6% from the highs with price rebounding this week at former resistance at the 1.618% extension of the May advance. While the risk remains for a deeper correction towards the April uptrend, we’re looking for signs of support / that a low is in. EUR/USD is trading within the confines of a proposed descending channel with price rebounding off confluent support at the lower parallel yesterday. The immediate focus is on this recovery with initial resistance eyed at the 61.8% retracement of the recent decline / the high-day close (HDC) at 1.1560/85. Ultimately, a breach / close above the 2016 high would be needed to mark uptrend resumption towards the upper parallel (currently near 1.1680s) and the August 2015 high / 78.6% retracement of the 2021 decline at 1.1714/47- both regions of interest for possible top-side exhaustion / price inflection IF reached. Initial support rests at 1.1455 and is backed by the 38.2% retracement of the May advance at 1.1415. Note that the April trendline converges on this threshold mid-week and a break / close below this slope would be needed to suggest a more significant high weas registered las week / a larger trend correction is underway. Subsequent support rests with the objective monthly open at 1.1347 and the 2023 high / 61.8% retracement at 1.1276/82- look for a larger reaction there IF reached. Bottom line: The Euro rally remains vulnerable to a test of uptrend support while below 1.1585. From a trading standpoint, losses would need to be limited to the April trendline IF price is heading higher on this stretch with a close above 1.1616 needed to mark uptrend resumption. -MB
by FOREXcom
Trading Signals for Gold Sell below $3,443 (21 SMA -7/8 Murrray)The XAU/USD trend remains bullish as long as the price consolidates above 3,384. Therefore, it would be prudent to buy gold as long as the price consolidates above3,444, where the 7/8 Murray level is located. Gold's volatility will continue over the next few days, so we believe it could move between 3,386 and 3,356. Consequently, if gold consolidates and breaks above 3.498, it would be seen as a buying opportunity, with targets at the 8/8 Murray level around 3,600/ Last tow months, gold gapped around 3,498. This will likely be seen as a buying opportunity if the price breaks above the psychological level of $3,439 Conversely, below the R_1 around 3,443, gold will be seen as an opportunity to sell, targeting 3,400 and the bottom of the uptrend channel around 3,338. The RSI indicator is showing a negative signal, so we must be cautious when buying, as a very strong technical correction could occur.
FOREXCOM:XAUUSD
by CEO-PREMIUM-ANALYSIS
18
Pullback in GE AerospaceGE Aerospace has been rallying, and now it’s pulled back. The first pattern on today’s chart is the steady advance in April and May that established GE at its highest levels since 2001. Is an accumulation phase underway? Second is the May 23 close of $232.79. The industrial stock tested and held it yesterday after lingering above it all last week. That could mean new support is in place. The pullback also represented approximately a 50 percent retracement of the move following the breakout. Next, stochastics are turning up from an oversold condition. Finally, the 8-day exponential moving average (EMA) has stayed above the 21-day EMA. That may reflect a bullish trend. Check out TradingView's The Leap competition sponsored by TradeStation. 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. 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.
NYSE:GE
by TradeStation
Israel-Iran Confrontation. (I expect upward movement in USD/CADIsrael and Iran are exchanging missile strikes, but it seems markets are trying to play their own game, assuming that this conflict will not cross the nuclear threshold. in the meantime, investors are shifting their focus to key events this week. The main highlights will be the consumer inflation reports from the UK and the eurozone. In the EU, inflation is expected to stabilize at 1.9%, while in the UK, it is forecast to decrease from 3.5% to 3.3% year over year. This week will also bring central bank meetings in Switzerland, the UK, and, of course, the U.S. Federal Reserve-which will likely take center stage and divert attention from the tow European central banks. Other events worth focusing on include the release of the Philadelphia Fed Manufacturing Index U.S. retail sales figures. But let's return to the week's main event-the Fed's final monetary policy decision, which will be made over two days, Tuesday and Wednesday. According to the consensus forecast, the central bank is expected to leave the key interest rate unchanged at 4,50% The main reasons for this are persistently high consumer inflation figures, which showed an annual increase last week (albeit smaller than expected), and uncertainty about the consequences of Donald Trump's presidency. Fed Chair Jerome Powell has previously cited both as reasons to pause the rate-cutting cycle. So, what might come of the Fed holding rates steady? Frankly, not much. Ongoing uncertainty will continue to be the primary driving force in the markets. Traders are starting to anticipate rate cuts in the second half of the year. However, I believe there is a strong chance that rates will remain unchanged until next year. This is due not only to risk of inflation returning to 3% and the murky geoeconomic policies of the U.S.-China trade war and its unclear outcome. Given this combination of negative factors-each of which obstructs rate cuts-and the fact that the market has already priced these into its expectations, we can anticipate a continuation of existing trends. The pair is declining amid rising crude oil prices, which support the Canadian dollar, a commodity-linked currency. If oil prices resume upward momentum, USD/CAD will face pressure again. If the pair fails to rise above 1,3600, a decline toward 1.3435 is likely. A potential sell level is 13560.
Long
by CEO-PREMIUM-ANALYSIS
24
Analysis of Trades and Trading Tips for the Japanese YenThe price test at 144.27 occurred when the RSI indicator had already moved significantly above the zero line, but the strong U.S. labor market data offered a high probability of the dollar strengthening against the yen, which I decided to take advantage of. As a result, the pair rose toward the target level of 145.06. The confident growth in U.S. non-farm employment recorded in May exceeded experts' expectations' causing noticeable fluctuations in currency, markets. The publications of data showing the creation of 139,7000 new jobs versus the forecasted 127,000 instantly strengthened the U.S. dollar, putting pressure on the Japanese yen. The yen's reaction to the news was immediate: the currency weakened significantly against the dollar. Investors perceived the data as a signal of the strength of the U.S. economy and the likely continuation of Federal Reserve's tight monetary policy. Furthermore, the stable unemployment rate in the U.S. recorded at 4.2%, also reinforced the market's optimistic sentiment. Today's data shows that Japan's GDP for the first quarter was revised upward, which helped the yen recover slightly from Friday's losses against the U.S. dollar. However, despite the positive revision, Japan's economy still faces serious challenges. Weak domestic demand and an aging population continue to pressure growth, while geopolitical uncertainty poses additional obstacles. The Bank of Japan maintains a wait-and-see approach and has no plans to raise interest rates for now, which had previously provided good support to the the yen. Strong growth in bank lending also contributed to increased demand for the yen.
Short
by CEO-PREMIUM-ANALYSIS
20
GOLD → Consolidation within a falling wedgeFX:XAUUSD is consolidating. A major player is gathering a trading position inside a wedge ahead of distribution. But the main question is: in which direction? Gold lost ground again on Friday after mixed holiday trading on Thursday. Traders are waiting for new signals from the Fed and monitoring the situation in the Middle East. Interestingly, gold fell as the conflict escalated further (which is not logical overall). The dollar is in a global bearish trend, and traders are waiting for a decision from Powell (who is under pressure from Trump to cut rates). Technically, if we look at the wedge, we can see how difficult it is for the market to move. The price is stuck inside the consolidation. The intraday movement is very short, with long tails and a very weak reaction to both false breakouts and level break. Large players are building up positions inside the current channel. This may only hint at the possibility of future implementation (distribution). Resistance levels: 3360, 3396, 3420 Support levels: 3338, 3320, 3302 On D1 - H4, gold is in a countertrend (bullish trend) correction and is testing the trend support + 0.7 Fibo zone. Below, there are fairly strong areas of interest — 3320 and 3302 — which gold may test before rising. However, within the wedge, there is a fairly high probability of a breakout of resistance and the 3360 level, followed by a rally to the liquidity zone at 3396 Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
14