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Support and Resistance

GOLD → A correction before the final spurt to ATH - 2790 ?FX:XAUUSD has been shaking against the support at 2762 since the opening of the session. Most likely, the chances of ATH retest are still high. Dollar in correction gives chances to yellow metal lovers Traders faced profit taking as they await Fed statements and the Trump administration's actions on trade tariffs. U.S. tariff plans and PMI data continue to influence sentiment, the dollar and gold. Economically, the week ahead will be quite important with Fed rate, US GDP and PCE decisions. Technically, gold tested a key support zone, but the price did not reach the risk zone where we could expect a trend reversal. We can assume that the extra passengers were dropped off the train, taking their money ;) Resistance levels: 2762, 2790 Support levels: 2751, 2747 The focus at this point is on the 2762 level. If the gold can consolidate above this support, then we should wait for 2790. Still, this is an important zone that cannot leave speculators alone. We are waiting for ATH retest and false breakout. Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
Dogecoin: Trading What You See, Not What You Hope ForThe crypto world is buzzing about the acronym D.O.G.E., with many hoping this hype will ignite a massive price explosion for Dogecoin. However, the market has repeatedly failed to deliver. In fact, every rally this year has been met with heavy selling. As I often say, " trade what you see, not what you dream of ." And from a purely technical perspective, what I see for Dogecoin right now doesn’t look promising. A Look Back: The Trump Pump and the Aftermath Dogecoin experienced a massive pump last year, fueled by Trump’s presidential election win. But after the initial euphoria, the market cooled down, and Dogecoin entered a correction phase. Leading up to Christmas, the price even temporarily dipped below the horizontal support level at $0.35. While the start of 2025 brought a recovery above this support, bulls have struggled to maintain their gains. The Current State of Dogecoin Even the brief spike two days ago, which initially looked promising, was quickly reversed. As of now, Dogecoin has returned to this critical $0.35 support line, showing continued weakness. What’s Next? Given the current price action, my expectation is that this support will eventually give way. If that happens, we could see Dogecoin drop to around $0.26, a level that might offer stronger support. The Bottom Line Dogecoin’s technicals suggest caution, not optimism. While the D.O.G.E. hype might tempt some into dreaming of another rally, the charts tell a different story. If you’re trading Dogecoin, stay focused on the reality of the price action and be prepared for potential downside. As always, trade wisely and stick to the facts, not the fantasies.
Short
by Mihai_Iacob
6
TradeCityPro | MANAUSDT Potential Fake Breakout of Support👋 Welcome to TradeCityPro Channel! Let’s analyze MANA, one of the metaverse-category altcoins in the cryptocurrency market. Recently, I’ve had a feeling that we might witness a fake breakout in the market. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, we start with Bitcoin’s 1-hour timeframe, which is currently in a calm state with no significant fluctuations, essentially ranging. If the 104227 trigger breaks and a lower high is formed, you can open a scalping short position, but make sure to secure profits quickly. For long positions, I plan to open one after 106498, as Bitcoin dominance is likely to rise, making Bitcoin my primary focus. 📊 Weekly Timeframe On the weekly chart, MANA remains within a 200% range box, recently rejecting from the box's ceiling. I’ve already bought some MANA, but my main trigger for significant buying is a breakout above 0.7638. I don’t pay much attention to fluctuations inside the range box. After breaking the box ceiling, MANA could easily yield up to 600% profits depending on token count and market cap. If you’ve already bought within the range without sufficient momentum, consider setting your stop-loss below 0.2519. For re-entry, as mentioned earlier, wait for a breakout above 0.7638, where I’ve set my alerts. 📈 Daily Timeframe On the daily chart, after breaking our daily trigger at 0.3390, which was also the box ceiling, we witnessed an impressive move, gaining 130% up to the box ceiling at 0.7833. This demonstrates why it’s better to buy after a momentum-driven breakout rather than inside the range box. Post-breakout purchases often lead to faster profit realization and better stop-loss placement, even if the entry point is slightly delayed. Currently, MANA is at a critical support level, correcting 50% of its impulsive wave, which is significant both in terms of Fibonacci retracement and Dow Theory, classifying it as a potential PRZ (Potential Reversal Zone). For re-entry, a risky buy can be considered after 0.5782, while a safer buy opportunity lies after breaking 0.7833. It’s too early to exit or take profits now, and I wouldn’t act on a breakdown of 0.4614, except to open a short position. ⏱ 4-Hour Timeframe On the 4-hour chart, MANA is ranging at the 0.4614 key support, repeatedly testing this level without significant upward movement, indicating stronger selling pressure. However, if sellers fail to break this support, buyers may step in, potentially driving the price higher. 📉 Short Position Trigger The short position trigger is straightforward: I will open a short position after breaking 0.4614. However, since I expect a fake breakout, I will secure profits quickly on any short positions. 📈 Long Position Trigger Currently, there isn’t a clear long trigger. If a fake breakout occurs, I’ll look for opportunities to take a long position using my fake breakout strategy. Additionally, if higher highs and lows form, I’ll search for a reliable long trigger. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
9
GBPJPY Weekly Forecast: BUY IT!This forecast is for the upcoming week, Jan 27 - 31st. GBP is been outperforming the JPY since the Covid lows of 2020, including last week. I think this will continue into next week, despite the BOJ raising the interest last week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
3
GBPCAD at Key Resistance Zone: Potential Sell SetupOANDA:GBPCAD has reached a key resistance zone. The market structure suggests a possible reversal as buyers may face exhaustion. If the price shows rejection through bearish patterns or wicks, I expect a move down toward the 1.78455 level. However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area. This setup signals a potential correction after the bullish trend. Wait for confirmation before entering short positions.
Short
by DanieIM
3
GOLD (XAUUSD): Support & Resistance Levels For Next Week Here is my latest structure analysis for Gold for next week. Vertical Structures Vertical Support 1: Rising Trend Line Horizontal Structures Resistance 1: 2786 - 2790 area Support 1: 2718 - 2732 area Support 2: 2689 - 2698 area Support 3: 2655 - 2663 area Support 4: 2614 - 2635 area Support 5: 2596 - 2605 area Support 6: 2583 - 2585 area Consider these structures for pulback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
2
Could Cardano Bulls Push Past Pennant To $2 Resistance?!Cardano made an impressive 315% gain from the Low on Nov. 4th/5th @ .32 to the High on Dec. 3rd @ $1.32 following the Pro-Crypto Republican won Presidential Debate with not only BINANCE:ADAUSD seeing this kind of Rally but across the entire Crypto Market! Since that High, Price on Cardano has slipped into a Consolidation of what seems to be a Pennant Pattern with Lower Highs working into Higher Lows. Both Legs of this Triangle still need a 3rd Touch to Validate the Integrity and Existence of both Trend-lines. I would like to see Price make a 3rd Touch of the Rising Support around the ( .95 - .93 ) Range before moving back up to test the Falling Resistance. If Bulls are able to gain enough Support from the Rising Support, it could be enough to give them momentum to make a Bullish Break to the Falling Resistance and based from the Pattern Statistics: - Generate an Extension of the same size of Trend move that came prior to the formation of the Pattern called the "Flagpole" putting the Potential Extension of Price into the $2 Resistance Zone! **Caution: Triangle Patterns are known to fail 1/3 of the time so a Bearish Breakdown of this pattern is still possible. Watch for False Breaks/Breakouts!
COINBASE:ADAUSDLong
by Novi_Fibonacci
1
GBPUSD is in the Buying Direction after Testing SupportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Gold- New ATH after correction?On Friday, FOREXCOM:XAUUSD climbed to a high of 2786, just 30 pips below the previous all-time high (ATH). Currently, the price is in a corrective phase, which could present an opportunity for bulls to enter the market at more favorable levels. Key confluence support lies around the 2740 zone, which could serve as an attractive entry point. A reversal from this area, followed by a break back above 2760, would indicate the end of the correction and signal the potential for a new ATH. However, a daily close below 2740 would halt the bullish outlook and suggest caution moving forward.
FOREXCOM:XAUUSDLong
by Mihai_Iacob
GBPUSD Price can continue to move up Hi traders what's do you think about GBPUSD given suggestion in comments. GBPUSD bullish setup for GBP/USD with a potential buying opportunity around 1.24790, and you’re suggesting a drop to 1.24250 for a more favourable entry. Your resistance zone around 1.27000 also gives you a target lets we see how the price will react. Keep eye on these Levels. Resistance zone 1.27000 Support levels 1.24000 Because fundamental background is strong. GBPUSD Holding to Strong price will Pullback to the resistance Zone. if you like this analysis please support my work and fallow thanks for love.
Long
by FxJennefir
1
VINE Looks Bullish (45M)Attention: Entering this asset at this point carries its own specific risks. Manage your capital and position size carefully, and set a stop-loss for yourself. Otherwise, you may incur losses. We usually do not work with classic patterns, but since many traders with different strategies are trading this asset and there is bullish sentiment around it, the bullish flag we’ve identified on the chart typically performs well in such scenarios. It appears that this coin is preparing for another move. The green zones represent the origins of previous moves, all of which have been consumed in order, leaving no unfilled orders below. If this asset is to move upward, it must initiate its move from the last green box. The targets are marked on the chart. Closing a 4-hour candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
BINANCE:VINEUSDT.P
by behdark
1
Ethereum $ETH Price AnalysisEthereum is currently sandwiched between two significant price zones in chart 1: - A bullish order block in the $2k-$2.4k range, which has acted as a solid support, holding three times already - A bearish order block in the $3.9k-$4.2k range, serving as a formidable resistance that has not been breached in three attempts The critical question now is whether: - Bears will push the price below this support level in the coming weeks, or - Bulls will break through the resistance to push the price higher My take on the situation: I believe the bulls have a better chance, and here's why: 1. Ascending Triangle Formation: As seen in Chart 1, Ethereum's chart is possibly forming an ascending triangle, a pattern that typically suggests bullish continuation 2. ETH/BTC Ratio: Chart 2 shows Ethereum CRYPTOCAP:ETH relative to Bitcoin CRYPTOCAP:BTC , where it's encountering two robust bullish order blocks in the 0.03-0.032 and 0.023-0.027 ranges on a weekly chart. These could signal a significant support and reversal point 3. Ethereum ETF Inflows vs. Outflows: According to data provider like coinglass, the last three months have shown much higher inflows than outflows into Ethereum ETFs. This suggests that smart money might be accumulating, setting the stage for a potential upward breakout Given these points, the technical setup appears to favor a bullish scenario in the near term
CRYPTO:ETHUSDLong
by OfficerDonut
1
Pepe’s Weak Price Action Signals Trouble AheadAs with many coins, Pepe saw a massive pump following Trump’s election, with the coin hitting a new all-time high (ATH). However, the bullish momentum quickly faded. After a marginal new ATH at the beginning of December, the price dropped back to the old resistance level, which had turned into support. In early 2025, bulls made two more attempts to push the price higher, but both efforts failed, sending the coin back to the support zone. This kind of price action suggests growing weakness. I expect the current support zone to eventually break. If that happens, the coin could accelerate its decline, potentially targeting the 0.000007 area.
Short
by Mihai_Iacob
3
Fantom (FTM) to print 18,000% move in 2025 to $150 ??** This is a year long forecast ** On the above 10 day chart price action has corrected 70% from the highs of early 2021. A number or reasons now exist for a bullish outlook. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows confirm the end of the downtrend. 3) The bull flag. Have drawn this flag in a number of different ways to capture the last 3 years of price action. The red and blue arrows capture the optimum confluence. If you find a higher count, let me know in the comments below. 4) A 18000% move to $150 will print should the bull flag repeat the 1st impulsive wave. Look left, corrections of up to 80% should be expected along the way! 5) First resistance is at $3 as indicated by the inverse head and shoulders. Is it possible price action continues to correct? Sure. Is it probable? No. Ww Type: trade Risk: you deicide return: 18000% or 180x projected.
FLong
by without_worries
108