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Support and Resistance

GBP/USD - continues the downtrendOn GBP/USD , it's nice to see a strong sell-off from the price of 1.34870 and 1.35400 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Downtrend and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
1
AUD/JPY: Fading the Rally at a Major Resistance ZoneWhile AUD/JPY has been in a clear uptrend, the rally is now approaching a significant technical ceiling where sellers have previously stepped in. We see a compelling opportunity for a counter-trend short, betting that this resistance level will hold and that the current bullish momentum is showing signs of exhaustion. This trade is for those watching for a market turn, offering a well-defined risk-to-reward setup for a swing position. 🤔 The "Why" Behind the Short Setup 📰 The Fundamental Risk The Australian Dollar is a "risk-on" currency, meaning it performs well when global markets are optimistic. The Japanese Yen, however, is a classic "safe-haven" asset that strengthens during times of uncertainty. With the upcoming high-impact Australian CPI data, any sign of economic weakness could disappoint the market, increase pressure on the RBA, and trigger a "risk-off" move that would benefit the Yen and send AUD/JPY lower. 📊 The Technical Ceiling The chart tells a clear story. The price is currently testing a major resistance zone. Attempting to short near a strong ceiling like this provides a strategic entry to capture a potential trend reversal. We are essentially betting that the trend's multi-week momentum will stall and reverse from this key technical juncture. ✅ The High-Clarity SHORT Trade Setup 📉 Pair: AUD/JPY 👉 Direction: Short ⛔️ Entry: 96.716 🎯 Take Profit: 92.080 🛑 Stop Loss: 98.907 Rationale: This setup plays for a significant swing move. The wide stop loss is designed to withstand volatility from news events, while the deep take profit targets a full reversal back to major support levels seen earlier in the year.
Short
by MaxellAguiran
Monday market forecast and analysis ideas#XAUUSD There will be a lot of data next week, such as the 8.1 tariff deadline that I have repeatedly emphasized, the Federal Reserve decision, NFP data, etc. It can be said that it is relatively difficult to analyze purely from a technical perspective, because there is uncertainty in many data, the data results are often non-linearly correlated with market reactions (good news does not necessarily lead to a rise, and bad news does not necessarily lead to a fall), and large fluctuations can easily form oscillating K-lines with long upper and lower shadows. Therefore, the first arrangement for next week is to participate in trading with a light position and avoid letting emotions control your thinking. The closing price on Friday was near 3337, proving that the short-term judgment on the rebound momentum of gold is correct, so there are two possible situations on Monday. 1. The first thing we need to pay attention to is 3345-3350 to determine whether it constitutes a short-term pressure level. The weekly line closed with a negative cross star. Combined with the monthly line trend, in terms of support, focus on the trend line support near this week's low of 3325. If this position is not broken, the market is expected to usher in a wave of rebound; if it falls below 3325, the bottom may look to 3310 or even 3295 for support. 2. The rebound momentum of Friday continued on Monday, breaking through 3350 first, and then it is possible to reach the previous high resistance area of 3370-3380. If it encounters resistance here, gold will continue to fall and fluctuate, and the target may even be 3310. If the price remains strong and issues such as interest rate cuts and tariffs are imminent, it means that the short-term downward trend has ended and may even set a new high. The above content is only a forecast for Monday’s market. It will be greatly affected by data and news, and may be adjusted in real time next week based on intraday trends. You can refer to this, but remember not to be swayed by emotions. We will participate with a light position, and the specific trading strategy can wait for my trading signal.
OANDA:XAUUSDLong
by Halson_Winston
Pay attention to 3350 gains and lossesGood morning, bros. This morning gold again tested last week's low near 3325. From the chart, gold may continue to rise this week, with tariffs approaching, the Fed's interest rate cut, and NFP data imminent. The current strength and weakness are at 3350-3355. If it can effectively break through and stand above, it is expected to continue to test the previous high point, which is also the long-short dividing point of 3370-3380. From the daily chart, there is not much change in the operational range of gold in the short term, and the change in the 4H chart is more obvious. After the decline in the early trading, it is now rebounding. There is a possibility of closing positive at the low. If it is directly positive on Monday, then it will bottom out directly at the beginning of the week. If it refreshes the low on Monday, the low point of 3285 will be seen below. Therefore, today's market focuses on the continuity of long and short. Of course, according to the current changes, the biggest possibility is to continue to rebound at the low point, pay attention to the support of 3310-3300 below, and pay attention to the gains and losses of the high point of 3355 above.
OANDA:XAUUSDShort
by Allenbrowser-3
Critical Pivot level on GoldWith respect to market structure, the focus was to observe how the 4hr structure evolves after heavy sell pressure last week. So far bullish structure is still active with no BOS or Choch on the 4hr. However, on the 4hr 2 candles closed outside the master trend line - Downside Caution observed! The focus now is on the daily close relative to weekly and daily support. Buyers defended key weekly level @ 3325 which confluences with weekly 9EMA, Master trend line daily 50 EMA. As long as Daily candles hold on @ 3325, next leg up will be to fill the upper master trend line. This sequence would see price squeeze for a breakout in the coming weeks. Bias is long to form a support at 3340 where multiple Daily POC emerged in the past
OANDA:XAUUSDLong
by kolade_ou
Gold short-term rise waiting for breakthrough 💡Message Strategy During the Asian trading session, gold prices rebounded slightly from $3,320, filling the short gap at the start of the new week. As investors chose to stay on the sidelines before the Fed's two-day monetary policy meeting, the bullish force of the US dollar temporarily weakened, providing support for gold, an interest-free asset. However, with the 15% tariff agreement between the United States and Europe and the positive progress of trade easing between the United States, Japan and the United States, market risk appetite has rebounded, weakening the appeal of gold as a safe-haven asset. According to market surveys, "The current optimistic atmosphere of trade has weakened the safe-haven demand for gold, while the weakening of the US dollar has provided support for gold prices. The two forces offset each other, causing gold to fluctuate." Investors are focusing on the FOMC meeting to be held on Tuesday. Although Trump continues to pressure the Fed to cut interest rates, the market generally expects that the interest rate will remain unchanged at this meeting because the US labor market remains strong. In addition to the interest rate decision, this week will also usher in the US second quarter GDP estimate, PCE price index and non-farm payrolls report, all of which may have a significant impact on gold. 📊Technical aspects From the technical trend, gold triggered a rapid correction after breaking below the lower edge of the short-term rising channel and the 50% Fibonacci retracement level last week. The current gold price stabilized in the $3,320 area and received some buying at the 61.8% Fibonacci support. However, it is worth noting that the 200-period moving average on the 4-hour chart is at $3,350, which constitutes an important technical resistance for a short-term rebound. On the contrary, if gold breaks through the $3,350 level, gold will continue to develop a bullish pattern. From the technical trend, gold triggered a rapid correction after falling below the lower edge of the short-term rising channel and the 50% Fibonacci retracement level last week. The current gold price stabilized in the $3,320 area and received some buying at the 61.8% Fibonacci support. However, it is worth noting that the 200-period moving average on the 4-hour chart is at $3,350, which constitutes an important technical resistance for a short-term rebound. On the contrary, if gold breaks through the $3,350 line, it will be expected to attack the $3,371-3,373 area in the short term, and further look to the key pressure levels of $3,400 and $3,440. 💰Strategy Package Long Position:3320-3325，SL：3300，Target: 3350
TVC:GOLDLong
by TheodoreSilas
Incoming 40% correction for FacebookOn the above 10 day chart price action has rallied 500% since October 2022. It is somewhat unfortunate to see so many long ideas at the moment. Motley Fool August 8th: “Here's how Meta could achieve a $2 trillion valuation within three years, and if it does, investors who buy the stock today could earn a 67% return.” Very misleading. Why bearish? Failed support. It is very clear to see, price action has broken through support and confirmed it as resistance. You can see this more clearly on the Log chart below. Regular bearish divergence. Multiple oscillators now print negative divergence with price action across a 50 day period. On the monthly chart below a hanging man candle print can be seen. Although the candle does not confirm until the end of the month there is a clear indication of buyer exhaustion. This is an important trend reversal indication. Is it possible price action continues to rise? Sure. Is it probable? No. Ww Log chart Monthly hanging man candlestick
NASDAQ:METAShort
by without_worries
53
BTC | ALT Season, then BEARISH CYCLE BeginsBitcoin is likely moving in to the beginning of a bearish cycle. I'm not saying this is immediate, we first need to see altseason - however, if BTC increases it may not go any higher than the last high of $123k. We could easily see the price hover around this zone with a few small increases and decreases for the next few weeks as alts make their respective moves. I have been talking about the 2021 fractal for a couple of months, where BTC took its time to correct and then made another ATH which was only slightly higher. We already see a similar pattern playing out in the monthly timeframe if we overlay bars pattern from 2021: Although Bonce zone 3 may only be in several months, these are the major support zones where BTC could bounce from. Ideal for a swing: ____________________ BINANCE:BTCUSDT
Short
by Crypto-Check-
10
Edwards Lifesciences Enters the GapHealthcare has been the weakest sector in the past year, but some traders may expect a comeback in Edwards Lifesciences. The first pattern on today’s chart is the breakout on Friday after earnings and revenue beat estimates. That rally brought EW into a bearish gap from one year ago. Second is the May 16 high of $78.28. The heart-valve company spent more than two months mostly below that resistance, but now it’s been breached. Is there a confirmed breakout? Third, the 50-day and 100-day simple moving averages (SMAs) crossed above the 200-day SMA in April. The 50-day SMA climbed above the 100-day SMA in May. Such an alignment, with the faster SMAs above the slower, may suggest a bullish trend is developing over the longer term. Finally, the pair of bullish gaps after the previous earnings reports in February and April could reflect improving sentiment toward the company’s fundamentals. 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:EW
by TradeStation
Still a chance for gold bulls? 💡Message Strategy The gold market was volatile this week, and gold prices ultimately closed lower for the week. Gold prices have failed to stabilize above $3,400 an ounce after a bullish breakout. The technical outlook highlights the recent indecision of gold bulls. Looking ahead to next week, the Fed's policy statement and US-China trade talks could trigger the next big move for gold. These important factors may trigger the market next week 1. The Fed will announce its monetary policy decision after its policy meeting on July 29-30. Before the Fed meeting, the U.S. Bureau of Economic Analysis will release its first estimate of annualized growth in gross domestic product (GDP) in the second quarter. 2. Next Friday, the U.S. Bureau of Labor Statistics will release the July employment report. If the non-farm payrolls (NFP) increase by more than 100,000, it may indicate that the labor market is in good enough condition for the Fed to prioritize controlling inflation and support the dollar when making policies. If the new non-farm payrolls data reaches or falls below 70,000, the dollar may find it difficult to find demand before the end of next week and help gold gain bullish momentum. 3. Market participants will be closely watching the headlines of the US-China negotiations. If the two sides make further progress in trade and economic relations, risk flows may dominate the actions of financial markets, making it difficult for gold to find demand. 📊Technical aspects The short-term technical outlook highlights the hesitation among gold buyers. The daily chart shows that the relative strength index (RSI) remains just below 50, and gold is struggling to move away from both the 20-day simple moving average (SMA) and the 50-day SMA after breaking above both levels earlier this week. If the price of gold falls to the key support level of $3,310 and fails to break down (trend line support/Fibonacci 61.8% retracement level), it will force a large number of shorts to exit the market and may further test the $3,340 range (psychological level/Fibonacci 76.4% retracement level). Combined with the current trend, the downward momentum of gold has weakened, and it is seeking support to restart the long position 💰Strategy Package Long Position:3310-3320，SL：3290，Target: 3340
OANDA:XAUUSDLong
by TheodoreSilas
BITCOIN - Price can correct to support area and then start riseHi guys, this is my overview for BTCUSD, feel free to check it and write your feedback in comments👊 For a significant period, the price of Bitcoin was trading upwards within the confines of a rising channel. Strong buying pressure led to a breakout above the channel's upper boundary, signaling an acceleration of the uptrend. After this breakout, the upward momentum stalled, and the price entered a new phase of horizontal consolidation, forming a wide flat range. The price recently tested the upper resistance of this range near $122800 and was rejected. As a result, the asset is currently in a corrective move downwards, approaching the key support area located between $114000 and $115000 I expect that the price will find support at the bottom of this flat range, reverse its course, and begin a new rally back towards the top of the range at $122800 If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDLong
by WalterMoon
35
US 500 – Potentially A Pivotal Week Ahead The US 500 index registered a new record closing high on Friday at 6396 continuing a bullish trend that has yet to show many signs of faltering. The Monday open has seen this move extend as traders digest the positive news flow from the weekend that a US/EU trade deal has been agreed after President Trump and EU Commission head Ursula Von der Leyen, met in Scotland on Sunday. This has seen the US 500 index rally another 0.4% to a new high of 6429 (0730 BST). However, the week ahead could be a pivotal one for the direction of US stock indices over the remainder of the summer, and in this regard, it is perhaps surprising that market volatility measures, such as the VIX (fear Index), are back to their lowest levels since late March, indicating limited trader concern for what lies ahead. Although, things can change very quickly. In many ways the week ahead is one that has it all, including a new round of US/China trade talks which start today, a Federal Reserve (Fed) rate decision, key tech earnings, tier 1 US data releases and on-going trade/tariff discussions. More than enough to ensure there is the potential for US 500 price action to become increasingly volatile as the week progresses. Looking forward, Wednesday could be a very busy day, with the Fed Interest Rate Decision released at 1900 BST and quickly followed at 1930 BST by the press conference led by Chairman Powell, who has been under intense political pressure in the last 10 days. While the Fed are expected to keep rates unchanged, traders may be interested to see which policymakers were keen to vote for a cut, as well as whether Chairman Powell’s comments indicate a September rate reduction may be more likely than currently anticipated. Then, later Wednesday evening Microsoft, Qualcomm and Meta release their earnings updates after the close, with Amazon and Apple’s results due after the market close on Thursday. These releases could be crucial for sentiment towards the US 500, with particular focus being paid to what these companies say about future revenue and tariff issues, as well as the specific performance of AI and cloud services. This only takes us to the middle of the week, which is where the tier 1 US economic data releases take over, with the PCE Index, the Fed’s preferred gauge of inflation, due on Thursday at 1330 BST, and then the all-important Non-farm Payrolls update on the current health of the US labour market released on Friday at 1330 BST. US 500 index traders may well be sensitive to the outcome of both of these prints. That’s still not all. Friday’s US employment update coincides with President Trump’s tariff deadline which could add to US 500 volatility into the weekend. Wow, I did say it’s a week that has it all! Technical Update: New All-Time Highs Posted Again It looks as if the latest US 500 index activity is maintaining the current positive trending themes after another all-time high was posted this morning at 6429. This could skew risks towards the further development of the pattern of higher price highs and higher price lows that has materialised since the April 7th downside extreme at 4799 was seen. However, it must be remembered, these moves do not guarantee this price activity will continue, so traders may find it useful to assess the possible support and resistance levels that could influence price activity moving forward across what is set to be a very busy week of events. Possible Support Levels: If any US 500 price weakness does materialise across the week ahead with the potential to develop into a more extended phase of declines, a support level that traders may consider worth monitoring could be 6289. 6289 is equal to the current level of the rising Bollinger mid-average. Closing breaks below 6289 might suggest a more extended phase of weakness is possible, opening the potential for moves back to 6234, which is the 38.2% Fibonacci retracement, possibly further if this level in turn gives way. Possible Resistance Levels: Having been capped by the 6429 all-time high this morning, sellers may continue to be found at this level, so this might prove to be the first potential resistance if fresh attempts at price strength develop over the coming week. It may be helpful for traders to watch how this 6429 level is defended on a closing basis, as successful closing breaks might suggest a further extension of the uptrend pattern currently evident in price activity. Such closing breaks higher may well suggest price strength towards 6671, which is the 38.2% Fibonacci extension level of the February 19th to April 7th sell-off. The material provided here has not been prepared 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:US500
by Pepperstone
Market forecasts are completely accurate, trading signals#XAUUSD After opening today, gold tested the lowest point near 3324 and then rebounded, which is in line with my prediction of gold trend last night. Next, we need to pay attention to whether the upper 3345-3350 constitutes a short-term pressure level. If you are aggressive, you can consider shorting at 3345-3350, with the target at 3330-3325. Continue to hold if it falls below 3325, and stop loss if it breaks above 3350. After it breaks above, you can consider following up with a long order to close the position at 3360-3370. Short once at 3370-3380 for the first time, and stop loss if it breaks above 3380. 🚀 SELL 3345-3350 🚀 TP 3330-3325 🚀 BUY 3352-3355 🚀 TP 3360-3370 🚀 SELL 3370-3380 🚀 TP 3345-3325-3310 Be sure to study my trading strategy carefully. If you only look at the price points, you will definitely suffer certain losses. Participate in the transaction at the right time based on your own account funds and set stop losses.
OANDA:XAUUSDShort
by Halson_Winston
GOLD - Price can continue to decline to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 After exiting a prior wedge formation, the price entered a prolonged phase of sideways movement. This established a wide flat channel, with a clear resistance zone near $3400 and a strong support base around $3255. For an extended period, the asset rotated within this range, making several attempts to breach both the upper and lower boundaries. The most recent rally was forcefully rejected from the resistance area at $3400, indicating strong selling pressure. This rejection initiated a significant downward impulse, which has now positioned the price in the lower half of the consolidation range. I expect that after a brief upward retest, the bearish momentum will resume, pushing the price down to its primary target at the $3255 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by WalterMoon
4