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Support and Resistance

Don’t be afraid of pullbacks, we can still go long on goldFundamentals: 1. First, pay attention to the dynamics of Trump and the Federal Reserve; 2. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran. Technical aspects: Compared with yesterday, although the bullish momentum is weak, it has not fallen below the support of the 3005-2995 area, and even failed to fall below 3000. In addition, as gold fluctuates and falls, there is a large amount of buying funds entering the market in the short term. In the recent short-term structure, gold has built a very obvious turning point near the 3300 area. Therefore, gold may still rebound to above 3330 before NFP. Short-term trading strategy: You can still consider continuing to go long on gold in the 3310-3300 area, TP: 3325-3335
OANDA:XAUUSDLong
by Steffen_Schade
#WALUSDT continues its bearish momentum 📢 As long as the price stays under $0.6000 — short BYBIT:WALUSDT.P bias remains valid. 📢 Watch for further weakness! 📉 SHORT BYBIT:WALUSDT.P from $0.5794 🛡 Stop loss: $0.6000 🕒 Timeframe: 1H ✅ Overview: ➡️ The chart shows a clearly formed and broken Bearish Rectangle, confirming a short setup after price exited the range to the downside. ➡️ The $0.6090 support level has turned into strong resistance. ➡️ Entry at $0.5794 follows a textbook breakdown and retest structure. ➡️ Target area aligns with the volume-based support near POC $0.515, offering solid R:R. 🎯 TP Targets: 💎 TP 1: $0.5725 💎 TP 2: $0.5665 💎 TP 3: $0.5600 📢 Bearish structure confirmed with increased volume. 🚀 BYBIT:WALUSDT.P continues its bearish momentum — downside potential remains active!
Short
by MoriartyTrading
Harmony Gold Pulls BackHarmony Gold has been rallying this year along with precious metals, and now some traders may see an opportunity in its latest pullback. The first pattern on today’s chart is the price area around $15.50. It’s near the April 2 high and a 50 percent retracement of the rally following the March breakout. HMY probed that zone yesterday and held it. Is new support established above old highs? Second, HMY made a lower low and higher high. That kind of positive outside candle is a potentially bullish continuation pattern. Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in February and has stayed there since. Such a configuration may suggest its long-term trend is now pointing higher. 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:HMY
by TradeStation
SPY bear market?The causes of a bear market often vary, but in general, a weak or slowing or sluggish economy, bursting market bubbles, pandemics, wars, geopolitical crises, and drastic paradigm shifts in the economy such as shifting to an online economy, are all factors that might cause a bear market. One definition of a bear market says markets are in bear territory when stocks, on average, fall at least 20% off their high. But 20% is an arbitrary number, just as a 10% decline is an arbitrary benchmark for a correction. Another definition of a bear market is when investors are more risk-averse than risk-seeking. This kind of bear market can last for months or years as investors shun speculation in favor of boring, sure bets. SPY macro levels: resistance: 613 pivot: 480 support: 348
AMEX:SPYShort
by Options360
1
Is Seagate Overbought?Seagate Technology has rallied sharply in recent weeks, but some traders may think the data-storage company is overbought. The first pattern on today’s chart is the March low of $82.88. STX plunged three sessions later after tariffs were announced. Prices have returned to that level and now seem to be stalling. Has old support become new resistance? Next, stochastics have reached an overbought condition. Third, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in December. It’s stayed below that slower line since, which may suggest its longer-term trend has gotten more bearish. 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.
NASDAQ:STX
by TradeStation
EURO - Price can bounce up of support level to top part of flatHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price traded inside a triangle, where it broke $1.0920 level and then made a correction to this level. Then price exited from triangle pattern, retesting and then made upward impulse to $1.1310 level, which coincided with support area. Next, Euro started to traded inside flat, wher it soon broke $1.1310 level, but then it made correction. After this movement, price in a short time rose to the top part of flat, where it turned around and bounced down to $1.1310 level. Price tired to grow, but failed and continued to trading near this level, and even recently it bounced. So, in this moment, I expect that Euro can bounce up from support level to $1.1575 top part of the flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
9
Nifty Analysis EOD - April 29, 2025🟢 Nifty Analysis EOD - April 29, 2025🔴 One more day passed under uncertainty... Indecision takes the driver’s seat. 📈 Market Summary Nifty opened on a positive note at 24,370, gaining 42 points, and swiftly climbed to an intraday high of 24,457.65. But the enthusiasm didn’t last long — sellers stepped in and pushed it down, filling the opening gap. The index found support near 24,290, and attempted a bounce, but once again failed to clear the critical 24,330–24,360 resistance zone. 📌 Intraday 5 Min Time FrameChart The rest of the session saw price action trapped within a narrow 70-point range — a frustrating day for breakout traders or option buyers. 🔹 Impatient option buyers may have been trapped, stuck in hopes of a breakout. 🔹 Patient traders probably stayed away. 🔹 Scalpers and option sellers — this was your playground today. 📌 75 Min Time FrameChart On the 75-minute chart, once again, rejection is clearly visible from the 24,330 ~ 24,360 zone. Until we see a decisive close above 24,365, this zone will continue to command respect in our trade plans. 📌 Daily Time Frame Chart 🕯 Daily Candle Structure Candle Type: Spinning Top — a classic indecision candle OHLC: Open: 24,370.70 High: 24,457.65 Low: 24,290.75 Close: 24,335.95 Change: +7.45 points (+0.03%) 🔍 Candle Breakdown: Real Body: Small red body of -34.75 pts (close < open) → Indicates lack of strong directional move. Upper Wick: 86.95 pts Lower Wick: 79.95 pts This candlestick reflects market hesitation, especially significant after a strong uptrend. Bulls and bears fought for control, but neither side won convincingly. 🧠 What the Spinning Top Tells Us: Appears after a strong move → Suggests loss of momentum or possible pause Small body + long wicks = Indecision Needs confirmation in the next session 🔮 What Next? Today’s spinning top doesn’t give a clear directional cue. However, context matters: A close above CPR and previous session tilts the bias slightly bullish. Bullish scenario: A breakout above 24,460 may resume the upward trend. Bearish scenario: A breakdown below 24,040 could open the door for a pullback. As always — trade with preparation, not prediction. ⚔️ Gladiator Strategy Update ATR: 326.39 IB Range: 166.9 (Medium IB) Market Structure: Imbalanced Trade Highlights: Positional Trade: Long Triggered Yesterday 15:20 – 1:2 Target Achieved Intraday: No trade triggered during the session 📈 Index Performance Snapshot Nifty 50: +7 Points (+0.03%) Bank Nifty: -42 Points (-0.07%) Nifty 500: +11 Points (+0.05%) Midcap: +148 Points (+0.27%) Smallcap: +62 Points (+0.37%) 🔍 Key Levels to Watch 🛑 Resistance Zones: 24,330 ~ 24,360 (Immediate hurdle) 24,457 (Today’s High) 24,480 ~ 24,540 (24,500 psychological level inside this zone) 24,800 🛡 Support Zones: 24,290 (Today’s Low) 24,190 ~ 24,225 (Immediate support) 24,120 24,050 24,000 ~ 23,950 23,820 23,710 ~ 23,660 23,500 23,410 ~ 23,370 23,215 💭 Final Thoughts Another day where the market teased both bulls and bears alike. But remember — uncertainty is not your enemy; it’s your signal to slow down. When the candle speaks in spinning tops, the trader listens in silence. Discipline and patience are still your best tools, especially when the market isn't shouting direction clearly. Tomorrow is the Weekly expiry — so prepare for volatility and don’t let noise disrupt your clarity. Your trade setup is your edge — trust it. ✏️ Disclaimer: This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia