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Support and Resistance

Crude Oil Breaks Out — Is $65.5 the Next Wall?Price started its bullish move in the first week of April, and since then, it’s been making higher lows. Today’s candle broke cleanly above a key trendline, and price is now heading toward the $65.5 resistance, which could act as a critical decision zone. Key Levels: - Support: Around $63.2 - Resistance: $65.5 (next major wall) - Setup: Trendline Breakout What I’m Watching: When price gets to 65.5, I’ll be looking for: - A strong breakout (maybe even retest + continuation) to hold my buy - Or a clear rejection to scale out or re-evaluate I’m staying patient. I’ve picked my setup and I’m sticking to it — no jumping around. Let’s see how this plays out. Cheers! pClem Trades
VANTAGE:USOUSDLong
by clementoyinlola
Place long orders after the adjustment is over!After gold accelerated its rise in the Asian session, it fell back in the European session and temporarily entered an adjustment cycle, accumulating strength to provide power for the next round of launch. The short-term support in the US session is 3430 and 3412. In terms of operation, go long according to the strength of the decline. There is still no guess on the top, and gradually look to 3480 and 3500! Short-term volatility has increased, and the notice has been issued before the market! Operation suggestion: Gold is long near 3410-15, and look at 3445 and 3455!
OANDA:XAUUSDLong
by TP_Daniel1
Gold's retracement is an opportunity to go longStay long and don't relax. Continue to buy gold when it falls back! The gold market has fluctuated violently recently, with a rise of $100 and a fall of $90, which has brought great obstacles to our trading. Long and short positions with bad entry positions will be washed out, so we need to wait patiently for opportunities in operation. The strong market remains unchanged. Continue to buy when it falls back. Find the watershed position to participate in the transaction. It is better to miss it than to be too aggressive. In the Asian session, I will share with you the support of the 3405/3410 watershed of gold. I will rely on this position to buy when it falls back. Gold hit a high of 3499 during the day, which is one step away from 3500. The European and American sessions fell back by $90, which just happened to fall back to the watershed position shared with you in the Asian session. The long orders have also been realized at the target position. Friends who have participated should pay attention to protecting profits, and friends who are short should wait patiently for opportunities and not be too aggressive!
OANDA:XAUUSDLong
by TP_Daniel5
XAU/USD: Trend Remains Strong as Price Holds Above Key SupportThe XAU/USD market continues its impressive rally, recently reaching a new all-time high at 3500 before pulling back toward support and the previous day's high. The price action completed an ABC structure prior to this retracement. Currently, the market may be forming a triangle or flag pattern, similar to past consolidation setups. As long as the price remains above the upward trendline and the critical 3400 support level, the probability of a trend continuation remains high. A retest of the ATH level followed by a move higher is likely, with the next target at the resistance zone around 3520
FOREXCOM:XAUUSDLong
by RTED_Investing
3
The latest operation layout of gold,long is still the main trendGold once touched the 3,500 mark today, setting a record high, with an intraday increase of more than 2%. Today, gold once started to rise from the early trading low near 3413, reaching the highest level near the 3500 mark. But then the trend suddenly changed, and the European and American markets have been in a correction and retracement. So far, gold has hit a low near 3410, and is currently correcting to maintain a correction near 3430. From the trend of 3285 to 3500, we can see that 3420-18 is exactly the 61.8% support position of the Fibonacci dividing line. The upper area near 3450 is currently the moving average suppression position, and there may be a correction here. If gold cannot close above 3450 tonight, then it is estimated that there is a possibility of a fall later. However, once it continues to stand firm at 3450 tonight, it will continue to test 3500 or even a new high. Therefore, for subsequent operations, I suggest that we can rely on 3430-20 to enter the market and do long, and the target is 3450-60. If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. FX:XAUUSD FOREXCOM:XAUUSD CAPITALCOM:GOLD OANDA:XAUUSD
OANDA:XAUUSDLong
by GoldHunter_Allen
1
The Big (BTC) Short*please note that this chart has been "flipped" so is upside down. It's difficult to ignore the number of indicators and chart patterns that are signalling a move up for Bitcoin: - Bullish div in daily RSI - Oversold daily RSI - Breakout of downtrend (both RSI and chart pattern) - Near-touch of the previous ATH Etc HOWEVER this idea is a "what-if-everyones-wrong" hedge. We've already seen a break in the uptrend that was in play since Oct 23 so it is feasible that if we break through again we could see a significant move down to the sound of -30% which would re-test the 618 fib and is a liquidity-rich Zone. Entry @ 94K (which ironically is also the 618 measuring from ATH to the local trough @ 74.5K) which coincides with the random "pump" we saw on Sunday 2nd March. I think the crypto God's are telling us something with this particular price point/wick. Estimated flight time is roughly 2 months (back end of June).
Short
by Cryptarch_
Bitcoin death cross! April 7th, 2025** short term analysis, the days ahead ** Short version: Very positive. Long version: The Death Cross prints tomorrow, April 7th, 2025. For many retail traders who use moving averages the read will be highly negative. However history tells us that is rarely true. What is a death cross? 1. The 50 day SMA (Simple Moving Average - blue line) crosses down the 200 day SMA. and 2. Price action is under the 200 day SMA. Over the years variations of this post have been made by Ww.. perhaps you remember? The dotted line is the forecast direction of price action using the Box-Jenkins approach. www.investopedia.com Why positive? Look left - Past Bearish crosses on the daily chart (whilst in a confirmed bull market, which remains true, crosses in a bear market are ignored.) August 2024, 100% rally after death cross September 2023, 190% rally after death cross March 2020, 600% rally after death cross Is it possible this time is different? Sure. Is it probable? No. Ww
INDEX:BTCUSDLong
by without_worries
34
Are Stocks and Bitcoin Finally Decoupling? Watch Out for 91kBitcoin is nearing the key 91,000 level. Following the breakout from the trend channel, Bitcoin has been moving as expected, approaching this important zone. The 91k level previously acted as a major support and held through multiple declines for months. Given its historical significance, there is a strong possibility that it will now act as resistance. However, it may not serve as a perfect “bullseye” resistance level. That would be too predictable. Traders should be alert for potential traps around 1,000 to 2,000 points above or below this zone. In the medium term, all downward moves are now might be considered buying opportunities following the end of the previous trend channel. The market’s focus will now shift to whether a new bullish trend will establish itself. If Bitcoin sees a clear rejection at or near 91k, it could provide a second chance for bulls who missed the breakout. However, there is one key factor that will determine Bitcoin’s next major move: Bitcoin and the S&P 500 have shown a strong positive correlation over the past few years. This connection has often weighed on Bitcoin during periods of stock market weakness, especially with all the recent negative news surrounding equities. However, the price action since April 16 suggests a potential shift. Bitcoin appears to be moving in a different direction from the S&P 500. If this is the beginning of a decoupling, it could be a positive sign for Bitcoin, especially with ongoing tariff pressures likely to continue weighing on the stock market. For additional context, be sure to check out our earlier posts on the S&P 500 and Bitcoin:
by ftdsystem