Get started

Support and Resistance

THE KOG REPORT - UpdateEnd of day update from us here at KOG: We wanted this to test that high and give us the short which worked well and gave us a good start to the week. While price came into the lower range level our indicators kept suggesting this was going up so we said we would protect and manage, and the those who wanted to trade the red boxes Now we're at crucial resistance, and because the daily range is so large it's a zone of 3348-58. That turns support into the 3325-30 which will need to hold in order for price to go up! That double bottom was concerning as mentioned in the KOG Report, however, we did want lower to come back up here, unfortunately, that swing turned into scalping. We'll stick with the chart as it is, break above and we'll look for higher, otherwise, this is the region to keep an eye on! RED BOXES INDI LEVELS: Break above 3320 for 3327✅ , 3330 ✅ , 3335✅ , 3345✅ , 3347✅ and above that 3362 in extension of the move Break below 3310, for 3306✅ , 3297✅ , 3295✅ , 3280✅ , 3266 and 3255 in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
16
USDJPY: Will the Yen Weaken Against the Dollar? In the previous analysis, we accurately highlighted the pair’s decline toward the key 140 support level. After testing this support, the dollar has started to gain against the yen. With several key events lined up this week, the expectation that the Bank of Japan will maintain its interest rate policy could lead to yen weakness and support our bullish scenario. However, any resurgence in risk-off sentiment may reopen the door for a decline and reactivate the bearish outlook.
Long
by UtoForex
BankNifty levels - Apr 30, 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
Nifty levels - Apr 30, 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
BTCUSD Testing Key Resistance Ahead of FOMC – Prepare for Volati🧠 Summary: Bitcoin ( BITSTAMP:BTCUSD ) is currently testing a major resistance zone around $95 000 -- this is a strong supply zone from February. We have a lot of macroeconomic data and FOMC meeting coming soon so be prepared for some volatility. 🔍 Key Levels: - Resistance zone: $94 000 - $98 000 - Support zone: $86 000 - $83 000 - Major Support zone: $72 000 - $68 000 📅 Upcoming Events: Tuesday (Today): JOLTS Jobs Openings – est. 7.5M. A beat could signal a still-tight labor market, giving the Fed less room to ease. Wednesday: Q1 GDP: Expected at just 0.5% — soft, but likely already priced in. Core PCE (MoM): Forecasted at 0.1%, which is soft and typically market-friendly, though this excludes post-tariff pressures. Friday: Non-Farm Payrolls: est. +130K Unemployment Rate: Expected to hold at 4.2% 📊 Macro & Fed Context: It currently seems unlikely that the FED's are going to cut rates this meeting. (see Forbes & USA Today ). 📈 Technical Outlook: With no imminent policy shift from the Fed, Bitcoin may remain rangebound for the next few weeks. A break above GETTEX:98K would be bullish, but without a catalyst, there’s potential for a pullback — possibly toward the $72K support zone — before resuming upward momentum. 🧭 Trading Plan (Not Financial Advice): Patience is key here. I’m avoiding FOMO at current levels and waiting for clearer confirmation — whether that’s a breakout above resistance or a retest of major support around $72K. --- 💻 Learn more at yungzkittlez.com — Free trading education, market updates, and tools to help you trade smarter. No fluff. Just real strategies from 5+ years in the game. 🌴
CRYPTOCOM:BTCUSD
by YungZkittlez
LINKUSDT → Consolidation. One step away from a rally?BINANCE:LINKUSDT entered a consolidation phase after breaking out of a downward channel. This is a fairly positive sign that buyers are building up momentum ahead of a possible breakout of resistance. Exit from the downward price channel, distribution, and transition of the market to a consolidation phase: 15.275 - 14.400. Bitcoin is forming positive dynamics, which supports altcoins. The local alt season may continue if Bitcoin continues to grow after breaking through 95K. If LINK breaks through the resistance level of 15.275, this move could trigger further growth Resistance levels: 15.275, 15.942 Support levels: 14.400, 14.266 At the moment, the mood of altcoins depends on Bitcoin, as it is receiving support amid positive fundamental data in the US and the global economy. However, for LINK, the focus is on the current consolidation. If the resistance level is not broken on the first attempt, it may happen during the next retest. Before that, the price may test the consolidation support with a false breakdown, which could create an imbalance in favor of buyers, only increasing the chances of growth and a breakout of resistance, provided, of course, that the overall bullish trend continues. Best regards, R. Linda!
Long
by RLinda
3
Doubletop suppressionVS multi-bottom support Entry at key pointsGold rose sharply in the U.S. market yesterday, and the daily line finally closed the Yang cross star, approaching the end of the monthly line. Recently, it has been a yin-yang cycle sweep pattern. Therefore, today we need to be careful to prevent the market from falling back and then closing in the negative range. The wide sweeping range remains at 3370-3270. If the position is broken, look at the unilateral direction. In the 4H cycle, the continuous positive pattern breaks through the mid-track, and the short-term trend is stronger. , but Bollinger has not opened his mouth, and is not optimistic about the breakthrough range. The short-term support is around 3315, which is also yesterday's low point. If it falls below, it will go to 3302. Therefore, today's operation will continue to grasp the key positions. The upper pressure will focus on 3354 and 3370, and the lower support will focus on 3315 and 3300. Go high and low in the range! Do high-altitude and low-multiple in the range! Operation suggestion: Buy gold near 3305-3300, look at 3320 and 3345!
OANDA:XAUUSDLong
by TP_Daniel5
GOLD ANALYSISIn this analysis we're focusing on 1H time frame for Gold. Today I'm expecting bullish momentum and my bias was bullish. On the basis of SMC concept and price action when price reach my zone and give any bullish confirmation, after observing strong confirmation. I'll trigger my trades. Let's see what happens and which opportunity market will give us. This is a higher time frame outlook. Let's analyze more deeply in smaller time frame for finding ideal and crucial entry point. Confirmation is very important. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis. #XAUUSD 1H Technical Analysis Expected Move.
FX:XAUUSDLong
by TradeTacticsreal
4/29 Gold Trading SignalsThe buy orders initiated around 3273 yesterday have already delivered solid profits. After a slight rally at today’s opening, gold prices have pulled back. Currently, the candlestick formation shows no clear directional trend, while some short-term technical indicators are pointing downward. Before any corrective signals appear, we need to closely watch the support near 3306. As long as this level holds, the short-term bullish momentum still has a chance to continue. On the news side, today's scheduled data releases are of minor impact. Focus instead on developments regarding the India-Pakistan situation and US Treasury Secretary Bessent’s press conference. If geopolitical tensions escalate, gold may break out to new highs. 🔹 Today's Trading Strategy: Sell within 3407-3428 zone Buy within 3258-3223 zone Flexibly trade between 3346-3313 / 3378-3336 / 3273-3316 zones Please manage your positions carefully and stay alert for unexpected market moves.
FOREXCOM:XAUUSDShort
by China_MsWang
Gold Market Outlook - Gold BearishGold is currently in a consolidation phase, trading within a range of $3,280 to $3,360. We are closely monitoring for a breakout in either direction. Based on current technical analysis, there is a higher probability of a downside breakout below the support level of $3,280. If this support is breached, we may see the following downside targets: Target 1: $3,270 Target 2: $3,260 Target 3: $3,250 Target 4: $3,240 Traders are advised to plan their positions accordingly, keeping risk management in focus.
OANDA:XAUUSDShort
by shroffakshar
CADCHF – 4H Timeframe (H4) Technical & Fundamental AnalysisCADCHF – 4H Timeframe (H4) Technical & Fundamental Analysis The Bank of Canada maintained its policy interest rate at 2.75% in April 2025, opting for caution amid global economic uncertainties. Looking at the CADCHF 4-hour chart, The pair is exhibiting a potential shift in momentum after a prolonged selling phase. Price reached a significant low around 0.58400, where it formed a Triple Bottom pattern — a classic reversal signal. This technical structure was followed by a break above the minor resistance level at 0.59500, marking a clear Change of Character (CHOCH) that signals emerging bullish sentiment. Currently, price is showing signs of accumulation within a liquidity zone. If a liquidity grab or stop-hunt occurs inside this area, it could set up for a breakout continuation. A potential area of interest lies around 0.59530 (possible breakout point), with risk managed below 0.59010 if liquidity forms. A longer-term target aligns with the next major resistance zone around 0.60690. This setup reflects evolving market structure and buyer interest, supported by strengthening fundamentals favoring CAD. Fundamentals Supporting CAD: Easing U.S.–China Trade Tensions: Recent comments from U.S. Treasury Secretary Scott Bessent suggested a likely de-escalation of tariff disputes, lifting global risk sentiment and supporting commodity currencies like CAD. Oil Price Recovery: Oil prices climbed nearly 2% to $64.31 per barrel, reinforcing CAD strength given Canada’s heavy reliance on energy exports. BoC Policy Stability: The Bank of Canada held its benchmark rate at 2.75% in April 2025, citing external risks but expressing confidence in domestic resilience. This policy stance supports financial stability while remaining responsive to global developments. Fundamentals Weakening CHF: Dovish SNB Stance: The Swiss National Bank signaled no rush to tighten policy despite lingering inflation, which undermines CHF’s yield appeal. Weak Domestic Data: Disappointing Swiss retail sales and declining manufacturing output have raised concerns over economic momentum. Diminished Safe-Haven Demand: As global risk appetite improves, investor demand for traditional safe-haven currencies like CHF has softened. 📌 Disclaimer: This is not financial advice. As always, wait for proper confirmation before executing trades. Manage your risk wisely and trade what you see, not what you feel.
Long
by RebornFXTrader