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Support and Resistance

FINAL UPDATE ON GBP/USD TRADEGBP/USD 1H - Afternoon people I hope you are all okay. I am here to provide you all with a final update on the cable trade we placed early last week. As you can see price has played out perfectly after the open last night, taking us right up and surpassing our TP target, as expected price has continued trading higher. This trade took profit for + 232 pips. (+ 9%) 9RR I will be looking for additional entries for us later today highlighting some key areas we may be able to look to get involved from this week as I do believe price will continue in this direction. A big well done to all of you who jumped in on this position, if you have any questions with regards to the analysis or the trade itself then please drop me a message or comment down below and I will get back to you as soon as possible.
Long
by Lukegforex
Industrial ETF May Face ResistanceThe SPDR Select Sector Industrial ETF dropped in early April, and some traders may expect another push to the downside. The first pattern on today’s chart is the March 13 low of $128.26. XLI peaked $0.44 under that level this month, which may suggest old support has become new resistance. Second, the 50-day simple moving average (SMA) recently had a “death cross” below its 200-day SMA. That may suggest the long-term trend has gotten more bearish. Third, the stochastics oscillator’s leading line crossed under the smoothing signal line. Fourth, the 8-day exponential moving average (EMA) has remained under the 21-day EMA. Finally, XLI hit a 52-weeek low of $112.75 on April 7. Is a retest of that support needed? Standardized Performances for the ETF mentioned above: SPDR Select Sector Industrial ETF (XLI) 1-year: +4.06% 5-years: +122.11% 10-year: +135.02% (As of March 31, 2025) Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus. 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.
AMEX:XLI
by TradeStation
DeGRAM | GOLD Slows Under Resistance📊 Technical Analysis GOLD failed to break out above the resistance line near $3 400 and is retreating from overbought levels​; low volatility signals weakening momentum and a likely pullback toward support around $3 325. 💡 Fundamental Analysis Short-term macro drivers also tilt bearish. Rising U.S. Treasury yields are making gold less attractive, while hawkish Fed signals fueled by strong U.S. data have strengthened the dollar​. ✨ Summary Technical and fundamental factors point to a short-term bearish correction in XAUUSD. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
3
Gold continues bullish runAccording to Goldman Sachs, China actually purchased a whooping 50 tonnes of Gold in February , or 10 times more than officially reported. They also increased their gold holding by 5 tonnes in March. In April current reports says that they also sold some seized bitcoin via offshore exchanges to accumulate more gold. Gold is also preferred over bitcoin as a safe haven asset in times of war. Which means that the demand for gold continues to increase as long as warring countries does not resolve their conflict. Here is my intra-day long setup. I'm taking a buy as soon as price retest that broken support @ 3395 targeting take profit @ 3425 for a 1:3 risk-reward.
PEPPERSTONE:XAUUSDLong
by Nytro1
Another remarkable leap by Nifty. Channel top approaching. Nifty gained some serious ground again today closing 273.9 points up from previous close. The zone between 24202 and 24479 is the zone which stand between full blown Bull rally and some consolidation. The regressing parallel channel which started after Nifty made a high 26277 can be overcome if we get a closing above 24366. Immediate resistance is near 24202 before we reach there. Once we get a weekly closing above 24479 Bulls will take total control of the market. In such a scenario the Nifty can find resistance near 24830 before it can regain 25K levels. If Nifty fails to conquer 24202, 24366 or 24479 then the supports will be near 23786. Bears can come back in picture if we get a closing above 23786. In such a scenario Mother and Father lines of hourly chart will play the supporting role at 23411 and 23101. Again near 23101 in addition to the Father line there is also Mid-Channel support thus this level should be considered a major support zone. Since RSI of hourly chart is above 80 there is a chance of slight correction and consolidation which should also be looked at while taking fresh positions. RSI above 80 indicates that the positions might be just slightly be in the overbought zone. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty levels - Apr 22, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
BankNifty levels - Apr 22, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we would be looking for a test of that 3250 level, then looking for the short into the target level given. This move played out well giving our traders a great start to the week. We then identified the level we wanted as the bias level, gave the bias as bullish above and the targets to go with it. All targets were completed and we managed to end the week with a mega capture on gold. So, what can we expect in the week ahead? Simple one this week. We would like to see how price adapts to the new range, and due to the slight stretch, we would say caution on long trades until we can see a support level confirmed. Our indi’s are suggesting a further move upside, so we would like to see an attack on that 3350-55 level first, which is where we may get a pull back, and then an attempt at higher pricing as shown on the chart. We want to look to those higher resistance levels as potential short opportunities if visited first. Otherwise, we’ll look lower for the long trade again and as long as the set up presents itself, we’ll test the levels. Due to news over the weekend and it being a bank holiday weekend, all of the above is subject to change as there are likely to be gaps on market open. Let’s see how it plays out, levels are levels! Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
10
DeGRAM | GBPUSD Strengthening Pound📊 Technical Analysis - Uptrending channel The GBP/USD pair is moving steadily within the ascending channel, having recently tested key support levels (“break and retest”). - Key Resistance Immediate resistance at $1.32; a break of this level means further strengthening of bullish sentiment. - Predicted Scenario A confirmed break above $1.32 opens the way to 1.33. Fundamental Analysis 💡 Strong UK wage growth (5.9%) and GDP growth (0.5%) support GBP strength. A weaker USD amid easing trade tensions also favors GBP/USD. ✨ Summary Positive fundamentals complement a clear bullish technical situation. Keep a close eye on a break above $1.32 to confirm the continuation of GBP/USD upside! ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
1
The latest analysis and operation suggestions of gold in the dayGold prices have been rising since the opening today. It is only a matter of time before it breaks through 3400. From a technical perspective, the MACD golden cross has appeared, and the gold moving average continues to radiate upward, indicating that the bulls are strong. But at the same time, the RSI indicator has entered the overbought zone, and short-term profit-taking may be possible. All retracements are opportunities to go long. It is currently not recommended that you pursue long positions and wait patiently for retracement trading opportunities. Pay attention to the 3400-3420 resistance level on the top and the 3370-3360 support level on the bottom. If it breaks through, pay attention to the second support level of 3345 Operation strategy 1: It is recommended to go short at 3396-3403 on the rebound, stop loss at 3410, and the target is 3380-3360. Operation strategy 2: It is recommended to go long at 3355-3350 on the pullback, stop loss at 3343, and the target is 3380-3400. 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. OANDA:XAUUSD CAPITALCOM:GOLD FOREXCOM:XAUUSD FX:XAUUSD
OANDA:XAUUSDLong
by GoldHunter_Allen
1
The market bullish trend continues, operation strategy.Driven by multiple favorable factors, the international gold price has continued to hit record highs this year, reaching $3,357/ounce by the close of last Friday. Although a technical correction signal appeared after hitting a record high last Thursday, it eventually closed above $3,320/ounce, with a real positive line on the weekly line and short upper and lower shadows, indicating that there is still inertial upward momentum this week. It is worth noting that while the market is expected to correct overbought at the end of the week, there are still funds that choose to buy on dips, resulting in a bottoming-out and rebound trend in gold prices last Friday, and finally closed at $3,327/ounce, further strengthening the bullish trend. From the perspective of technical analysis, the correction on Thursday last week was supported at $3,284/ounce, which is more resilient than the previously expected $3,245/ounce previous high conversion support, so it can be adjusted to a short-term long-short watershed. The focus on the suppression effect of the historical high of $3,357/ounce is needed above. If there are major changes in the news over the weekend, especially in trade frictions and Fed policy expectations (such as Trump's remarks continue to pressure the Fed to cut interest rates), the probability of gold going up will be significantly increased. Based on the current technical form and fundamental factors, this week's gold trading strategy recommends that the callback is mainly long, supplemented by short-term rebound short selling. In terms of specific operations, the first long order entry point can refer to $3310/ounce, which is both the ladder support level of the previous high callback and the technical retracement confirmation point. The stop loss can be set at $3290/ounce, and the target is $3389/ounce. If this resistance level is effectively broken, the upper space can be further expanded to the $3410/ounce area. Comprehensively judged, today's short-term operation of gold recommends callback long as the dominant idea, rebound short selling as an auxiliary strategy, focus on the pressure of the $3400-3420/ounce range above, and focus on the $3370-3360/ounce support level below.
OANDA:XAUUSDLong
by TP_Daniel5