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Support and Resistance

Short gold, Target: 2940-2930Bros, I want to say that 2868 is definitely not the lowest point at the current stage, and the bears have not stopped roaring. After gold falls below 2970, market panic will lead to deep selling, which will drive gold prices further down. So the bears have not left yet, and any rebound is an opportunity to short gold. As the center of gravity of gold prices moves down, the current resistance has moved down to the 2895-2905 zone again. If gold remains below this area, I think gold is likely to move towards the 2940-2930 zone next! Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
AI is not a bubbleNVIDIA reported earnings of 89 cents per share on revenue of $39.33 B for Q4. While revenue grew 77.94% on a year-over-year basis. The consensus earnings estimate was 84 cents per share on revenue of $37.72 B. The company said it expects Q1 revenue of $42.14 B to $43.86 B, and gross margins of 70.5% to 71.5%, which calculates to non-GAAP earnings of 89 cents to 97 per share. Long trade idea: long = 130 stop = 125 profit = 160 NVDA options data: 3/21 expiry Put Volume Total 159,655 Call Volume Total 331,044 Put/Call Volume Ratio 0.48 Put Open Interest Total 1,957,392 Call Open Interest Total 2,368,522 Put/Call Open Interest Ratio 0.83 4/17 expiry Put Volume Total 125,626 Call Volume Total 81,625 Put/Call Volume Ratio 1.54 Put Open Interest Total 521,463 Call Open Interest Total 712,523 Put/Call Open Interest Ratio 0.73 5/16 expiry Put Volume Total 32,339 Call Volume Total 49,339 Put/Call Volume Ratio 0.66 Put Open Interest Total 366,100 Call Open Interest Total 389,827 Put/Call Open Interest Ratio 0.94
NASDAQ:NVDALong
by Options360
Third time's the Charm? Waiting for Re-Entry on DOW MonthlyAfter successfully buying and offloading chunks twice, I’m now eagerly waiting for the price to revisit my Potential Entry Box to buy back the already offloaded chunk. If the pattern holds, I’ll likely offload again in the next target zone (new offload chunk box). 😊 Before you launch a rocket of anger 🚀 😅 Let me tell you that Last time, I forgot to take a screenshot of the first buy & offload chunk area & updated my chart straight away. 😅 Today, I finally learned how to add an image! 🎉 Note: I’m still learning, this is NOT financial advice. Do your own research, and I’m happy to have constructive criticism! Let’s learn together. 📈
PSX:GTYR
by PSX_Learner
3
ETH | ByBit HACK causes MASSIVE SELL-OFFBybit got hit with a serious security breach. $1.4 billion was hacked in Ethereum, which is a huge amount of ETH. 2 Apparently the trouble started with their cold wallet, where they keep a lot of their crypto offline. The investigation points to the North Korean Lazarus Group as the likely culprits, and it seems the attack originated from some malicious code within their wallet provider, Safe Wallet. Currently there's a big push to track down the stolen funds, and Bybit's even offering a bounty, but it's unlikely the funds will be recovered. It's important to understand that this wasn't necessarily a fault of Bybit's own security, but rather a problem with the wallet provider they were using. Bybit has reassured users that withdrawals remain unaffected and other cold wallets are secure. While investigations into the incident continue, early speculation about Bybit buying back ETH to cover losses, which briefly boosted ETH's price, was dispelled by CEO Ben Zhou. He clarified that a bridge loan covered 80% of the stolen ETH, and there are no plans for spot market purchases. The hackers now holds a substantial amount of ETH across multiple wallets, raising concerns about potential drops should they decide to sell, but this may occur gradually over many months or even years (since they didn't buy it / it will not matter at what price it is sold). This hack coincides with ETHDenver, a major Ethereum event typically associated with bullish market conditions and optimism. But overall, the outlook for Ethereum isn't looking as bright as it usually would be and this may lead to a further sell-off once more people catch on. _________________ BINANCE:ETHUSDT
Short
by CryptoCheck-
GOLD – Bearish Momentum Below 2918, Eyes on 2895 BreakdownGOLD (XAUUSD) Analysis – February 26, 2025 🔸 Bearish Momentum Strengthens Below 2918 Gold remains under bearish pressure, having failed to hold above the pivot level of 2918, reinforcing downside momentum. The price is currently testing lower levels, with an initial target of 2905, followed by 2895. 📉 Bearish Outlook: A 4H or 1H candle close below 2918 will likely accelerate the bearish continuation toward 2905 and 2895, a critical support area where price action may stabilize or extend further downside. 📌 Bullish Recovery: If Gold reclaims 2918 on a 4H candle close, price volatility is expected within the 2918 - 2935 range before confirming the next move. A break and close above 2935 could trigger a push toward 2954 and 2974. ⚠️ Market Impact: With heightened market volatility and ongoing geopolitical uncertainties, investors should monitor key levels closely, as Gold tends to act as a safe-haven asset during economic instability. Key Levels to Watch: 🔸 Resistance: 2935 | 2945 | 2954 🔹 Pivot Level: 2918 🔻 Support: 2906 | 2895 | 2880 📉 Bias: Bearish below 2918, with a key breakdown level at 2895 to confirm further downside.
OANDA:XAUUSDShort
by SroshMayi
UNIVERSOFSIGNALS | VET : a Layer 1 projectLet's quickly dive into VET, a Layer 1 project with a market cap of $2.37 billion, currently ranked 41st in coin market cap. 📊 In the 4-hour timeframe, you can see that a descending triangle has formed, and the floor of this triangle at $0.03068 has been broken, with the price now touching an important daily support at $0.02673. ⚡️ The RSI oscillator, following the triangle break, entered the oversell zone and, after concluding the downward leg, has rebounded above this zone, approaching the 50 area. ⭐ The volume aligns with the downward trend, and if the support at $0.02673 breaks, we could witness the next leg down. The next price support would be at $0.02406. 📈However, if the price moves back above $0.03068, it could indicate that the downward trend has ended. In this case, a risky long trigger would be at $0.03580, and the main long trigger would be at $0.03958. This reversal would suggest potential upward momentum, providing opportunities for long positions.
by UNIVERSOFSIGNALS
PRICE APPROACHES A KEY PRICE IN INTRADAY TIMEFRAME.Gold bullish performance so far after a quiet decline in price from the month of November last year has been quit impressive. The month ends tomorrow and taking into consideration, the nature of price action so far, especially in recent days/weeks. the price of 2876 faces a bear pressure. We’re yet to ascertain the behavior of market participants around that price level as that level is a crucial juncture. But if we’d get a break below that price level, we may expect a potential retrace in price.
PEPPERSTONE:XAUUSD
by Cartela
Price Reversal in Play: Key Levels and Targets to WatchAfter analyzing multiple timeframes, we can see that the price started trading within a large channel from Friday, 15th March 2024. The channel’s upper boundary acted as a strong resistance on Thursday, 31st October 2024, at 2790. Both the upper and lower boundaries of the channel have consistently functioned as key support and resistance levels. The price reached an all-time high (ATH) of 2955, where it struggled to break through the channel’s upper boundary. Given the historical respect for these channel lines, we now anticipate a potential reversal. The price has already started to turn around, and to confirm this reversal, we need to see a break below both the trendline and the support level. Once confirmed, your targets will be: • 1st Target: 23.60% (2867) • 2nd Target: 38.20% (2813) • 3rd Target: 50.00% (2770) • 4th Target: 61.80% (2726) Make sure to follow proper risk management. Happy Trading! Don’t forget to follow for more updates. 🚀
OANDA:XAUUSDShort
by SpicyPips
2
Tesla Approaches Key Support: What Comes Next?NASDAQ:TSLA is currently at an interesting moment on the daily chart. Until recently, the uptrend was well-defined, with strong projection legs and corrections within a healthy behavior. But now, we have a slightly different situation. The last upward leg was intense, but the current correction has already surpassed the 66% retracement level and is approaching a significant support zone that has held the price multiple times in the past. What stands out at this moment is not just the existence of this support, but how the price reached it. There is a technical concept that suggests that the greater the speed and distance the price has traveled to reach a support, the more relevant that support tends to be. This happens because markets do not move indefinitely in a straight line. When a sharp and extended downward move occurs, sellers tend to lose momentum, and buyers may step in to try to hold the price. On the other hand, this deep correction also highlights an important point: even if the support holds temporarily, a continuation of the uptrend does not seem to be the most likely scenario at this moment . With such an extended retracement following a strong upward move, it becomes difficult to imagine the price simply breaking the previous high and resuming a clear bullish structure. The more probable scenario is either a period of consolidation or even a transition into a reversal. This does not mean that support cannot create short-term buying opportunities. It might, but in this case, trades within this period tend to be more challenging because if we are entering a consolidation phase, price movements could become more erratic and less predictable. A bullish leg within a consolidation is very different from a bullish leg within a strong trend – targets become shorter, price movements can lose fluidity, and predictability decreases. So, regardless of what the market decides to do from here, what we can interpret so far is that the strength of the uptrend has faded, and NASDAQ:TSLA may be entering a more lateralized movement or even a transition into a downtrend. The support level might create a reaction, but it is unlikely to sustain a return to the uptrend without first going through a phase of rebalancing. The price will always dictate the next moves, and all we can do is interpret the signals it has left behind.
NASDAQ:TSLA
by LuccasChartRoom
PREPARING FOR SHORT POSITIONSUSD/CHF 4H - As you can see price has just traded up and into the Supply Zone I gave out to you all the other day. Now price has traded in, we want to see price reject well so we can prepare to short. I will be looking at the corrective wave that traded price up and into this zone for a break in the last protected low thats been set. Once we have that we will have reasonable confirmation to presume the new impulse is ready to be printed. Once we have that break to the downside its just a case of waiting for price to pullback up to set a lower high, this is where we will be looking to enter in from. We can find areas for price to set a lower high by scouting fractal Supply Zones. These will act as key areas for price to trade us short from. Its just a case of waiting for price to trade up and into these so we can place our positions with as much confluence as possible.
Short
by Lukegforex