GOLD ( SENSITIVE WEEKLY ) (1D)XAUUSD
HELLO TRADERS
Fundamental : due to the fight in the middle east , gold prices complete instability .
Tendency, the price under bullish pressure , until trade below 2,427$ .
Upward Zone : In order to see an increase, as long as the price trade turning level at 2,427$, it indicates a reach of resistance levels (1) at 2,482$ , then as it stabilizes on the turning level we may see new resistance zones around 2,520$ and 2,560$ .
Downward Zone: by breaking turning level by open 1d candle below this level , it indicates a reach of the support level (1) at 2,364$, then stabilizing below this level is likely to reach the support level (2) at 2,297 .
Corrective Level :Price may make a correction at 2,427$ , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 2,482$ , 2,520$ , 2,560$ .
SUPPORT LEVEL : 2,364$ , 2,297$ .
Supportandresistancezones
USDJPY ( BREAKOUT DESCENDING CHANNEL ) (4H)USDJPY
HELLO TRADERS
Tendency, the price is under down ward pressure , until trade below turning level at 144.502.
Upward Zone : In order to see an increase, the price needs to break the turning level at 144.502 , to reach resistance levels (1) around 149.479 , then breaking resistance level (1) by open 4h candle above it indicates to reach of a resistance level (2) at 154.775 , then stabilizing above resistance level (2) indicates to reach of a resistance level (3) at 158.627 a strong resistance level selling have already in crease this level .
Downward Zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 140.377, then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 137.684 , this two level called support zone it is very strong zone because inside accumulation area .
Corrective level :Price may make a correction at 144.502 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 149.479 , 154.775 , 158.627 .
SUPPORT LEVEL : 140.377 , 137.684 .
GBPUSD ( INSIDE DESCENDING CHANNEL ) (4H)GBPUSD
HELLO TRADERS
Tendency, the price is under down ward pressure , until trade below turning level at 1.281 .
Upward Zone : In order to see an increase, the price needs to break the turning level at 1.281 , to reach resistance levels (1) around 1.285 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 1.293 , then stabilizing above resistance level (2) indicates to reach of a resistance level (3) at 1.303 a strong resistance level inside strong supply zone .
Downward Zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 1.270, then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 1.262 , this two level called support zone it is very strong zone because inside accumulation area .
Corrective level :Price may make a correction at 1.281 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 1.285 , 1.293 , 1.303 .
SUPPORT LEVEL : 1.270 , 1.262 .
NAS100USD ( FALLING 600 POINT AND BREAKOUT TWO CHANNEL ) (4H) NAS100USD
HELLO TRADERS
Tendency, the price is under down ward pressure , until trade below 17,806 .
Upward zone : In order to see an increase, the price needs to break the turning level at 17,806 , to reach resistance levels (1) around 18,694 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 19,536 .
Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 17,320, then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 16,996 .
Corrective level :Price may make a correction at 17,806 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 18,694 , 19,536 .
SUPPORT LEVEL : 17,320 , 16,996 .
EURUSD ( UNDER UPWARD PRESSURE ) ( 4H )EURUSD
Tendency , the price is under bullish pressure , until trading above 1.076.
TURNING LEVEL : the price of this level at 1.076 , so as long as the price trade above this level indicates likely to reach a resistance level (1) , but if the breaking by open 4h candle below this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.084 , for reach this resistance level the price need stabilizing above a turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 1.089 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.072 , for reach this support level the price need breaking a turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 1.067 , for reach this level will be breaking by open 4h candle below support level (1) .
PRICE MOVEMENT : currently price 1.079 , as long as the price trading above turning level , indicates to reach a resistance level (1) , then breaking this level likely to reach resistance level (2) , by breaking turning level indicates likely to reach support level (1) .
TARGET LEVEL :
RESISTANCE LEVEL : 1.084 , 1.089 .
SUPPORT LEVEL : 1.072 , 1.067 .
NAS100USD (STRONG BEARISH ) (4H)NAS100USD
Tendency , the price is under bearish pressure , until trading below 18,912 .
TURNING LEVEL : the price of this level at 18,912 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE LEVEL (1) : this level around 19,237 , for reach this resistance level the price need breaking turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 19,638 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1).
SUPPORT LEVEL (1) : this level around 18,481, for reach this support level the price need stabilizing below turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 18,239 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE : the price corrective at 18,912 , before dropping .
PRICE MOVEMENT : currently price 18,582 ,my be the price first thing corrective turning level , as long as until the price trade below turning level at 18,912 , it will be trying to reach support level (1) , breaking this level by open 4h or 1h candle above this level , indicates to reach a resistance level (1) .
TARGET LEVEL :
RESISTANCE LEVEL :19,237 , 19,638 .
SUPPORT LEVEL :18,481 ,18,239 .
NVIDIA updateRecently, test of finding a top turned out to be a success. However, after entering into an uptrend on lower timeframes, price had a sudden drop while it was nearing all-time highs. This puts in risk the first trade of the referenced idea at risk.
The reason we get a sell signal is because: The recent raise in price action was not enough to overcome the downward movement of the correction. However, the 25 MA usually works as a key support-resistance. Therefore, it's currently being used as support, but if this support fails its likely price will return to the current lows where the 25 MA would most likely become resistance and would test price action before determining to create a new low or continue an uptrend. The best movement for technical uptrend health is a slight correction into current lows before forming a new uptrend.
This movement will also be important for the SP:SPX as NASDAQ:NVDA holds a quite large share of the index at the moment. This could be the formations of the downtrend brought by the cyclicality of uptrends and downtrends. As it was mentioned in the referenced idea.
HGINFRA - Flag & Pole patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
NZD/JPY Daily setupThe NZD/JPY pair has fallen by 920 pips over the past 15 days. Such a significant and sustained decline is unlikely to continue indefinitely without a corrective pullback. Currently, the price has halted its downward momentum and is beginning to reverse near my key area of interest.
Key Confluences:
The pair is rebounding off a descending trend line that has been in place since November 2023.
It is also bouncing off an ascending trend line that has been in place since August 2023.
The price is reacting to the 0.786 Fibonacci retracement level.
It is rejecting the significant psychological level of 90.000.
Market Structure
The JPY basket has reached a resistance level and is starting to decline.
These factors suggest a potential reversal or correction in the NZD/JPY pair.
NZD/JPY 4hr TF
Has currently closed on the 4 hour TF nicely I expect NZD/JPY to start having an healthy pull back.
JPY Basket weekly TF
Is currently reacting off my area of interest I expect price to start moving lower.
JPY Basket Daily TF
JPY Basket 4hr TF
Gold 4hr setup Gold is presently experiencing a bearish trend, characterized by a pattern of lower highs and lower lows since peaking at 2484.14. I anticipate that gold will encounter resistance at the temporary rejection level before declining further. Subsequently, I expect it to rebound and ascend to my target area, which is approximately between 2400 and 2402.02.
Confluences supporting this analysis include:
A downward trendline indicating a continuation of the bearish trend.
An upward trendline suggesting a potential reversal point.
A rejection zone between 2400 and 2402.02, which is a significant area of interest.
The round number of 2,400, often a psychological level in trading.
The 0.618 Fibonacci retracement level
Market structure.
Expectations of the US Dollar strengthening.
Gold Daily
Dollar Index
Silver
ETH-USDT 12HHello everyone, let's take a look at the ETH to USDT chart on the 12h time frame. As you can see, the price broke out of the falling triangle, which resulted in a strong downward price movement.
Let's start by determining the support line, but here you can see how we are first in the support zone, but if we fall lower, the next support is at $2,823 and then we have strong support at $2,626.
Looking the other way, we have visible resistance at $3,146, then strong resistance at $3,263, and then the price must overcome the strong resistance zone from $3,441 to $3,566.
US Dollar Index Daily TF DXY
None Farm Payroll outcome from 13:30 today
U.S PRIVATE NONFARM PAYROLLS (JUL) ACTUAL: 97K VS 136K PREVIOUS; EST 148K
U.S PARTICIPATION RATE (JUL) ACTUAL: 62.7% VS 62.6% PREVIOUS
U.S MANUFACTURING PAYROLLS (JUL) ACTUAL: 1K VS -8K PREVIOUS; EST -1K
U.S AVERAGE WEEKLY HOURS (JUL) ACTUAL: 34.2 VS 34.3 PREVIOUS; EST 34.3
U.S GOVERNMENT PAYROLLS (JUL) ACTUAL: 17.0K VS 70.0K PREVIOUS
looks like it is going to close below 104.018
The DXY has dropped 100 pips following the non-farm payroll results and is expected to close below 104.024, indicating a bearish trend. Consequently, EUR/USD, GBP/USD, and GOLD are likely to swing bullish. My area of interest is around 102.959, where I anticipate a rejection due to the presence of a -0.27 Fibonacci level and an order block. This should lead to a pullback before resuming the bearish trend to create new lower lows.
Gold 4hr TF
Gold is moving higher as a result of the non-farm payroll outcome. I expect this upward trend to continue until it hits my area of interest at 2,482, where I anticipate a rejection. After this pullback, I foresee gold resuming its upward movement to achieve a new all-time high (ATH).https://www.tradingview.com/x/tuk0BSO7/
GOLD ( UNDER BULLISH PRESSURE ) (4H)XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above 2,421$ .
TURNING LEVEL : the price of this level at 2,421$ , so as long as the price trade above this level indicates likely to reach a resistance level (1) , but if the breaking by open 4h candle below this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 2,447$ , for reach this resistance level the price need stabilizing above a turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 2,474$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
RESISTANCE LEVEL (3) : around 2,500 , this level it is a historical peaks , for reach this level the price needed breaking turning level (2) .
SUPPORT LEVEL (1) : this level around 2,391$ , for reach this support level the price need breaking a turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 2,365$ , for reach this level will be breaking by open 4h candle below support level (1) .
PRICE MOVEMENT : currently price 2,435$ , as long as the price trading above turning level , indicates to reach a resistance level (1) , then breaking this level likely to reach resistance level (2) , by breaking turning level indicates likely to reach support level (1) .
TARGET LEVEL :
RESISTANCE LEVEL : 2,447$ , 2,474$ , 2,500$ .
SUPPORT LEVEL : 2,391$ , 2,365$ .
GBPUSD ( BREAKING EACH TURNING LEVEL DETERMINE DIRECTION ) (4H)GBPUSD
HELLO TRADERS
Tendency , the price inside two turning level around 1.273 & 1.278 .
TURNING LEVEL (1) : the price of this level at 1.278 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 1.273 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.283 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 1.292 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.266 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 1.261 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 1.274 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 1.283 , 1.292 .
SUPPORT LEVEL : 1.266 , 1.261 .
XRPUSDT ( INSIDE SENSITVIE AREA ) (4H)XRPUSDT
HELLO TRADERS
Tendency , the price inside two turning level around 0.58 & 0.56 .
TURNING LEVEL (1) : the price of this level at 0.58, so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 0.56 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 0.60, for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 0.65 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around O.51 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 0.47 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 0.57 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 0.60 , 0.65 .
SUPPORT LEVEL : 0.51 , 0.47 .
BITCOIN ( BETWEEN TWO TURNING LEVEL ) (4H)BITCOIN
HELLO TRADERS
Tendency , the price inside two turning level around 65,707 & 63,416 .
TURNING LEVEL (1) : the price of this level at 65,707 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 63,416 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 68,199 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 69,602 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 60,065 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 58,203 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 64,819 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 68,199 , 69,602 .
SUPPORT LEVEL :60,065 , 58,203 .
TSLA: Dangerous Price Action - Next Key Points to Watch.The daily chart displays a recent challenge at the main mid-term resistance level around $233.09, where the stock has struggled to maintain upward momentum, marking this as a significant resistance zone, which was a previous support level, another example of the Principle of Polarity in Technical Analaysis.
This resistance, coupled with multiple rejections at this level, suggests a strong overhead supply that could cap further price advances in the short term. What's more, this resistance area is reinforced by the 21-day EMA. TSLA would have to break this key resistance as soon as possible to turn bullish again, otherwise, it'll seek its next support levels.
A critical gap support observed at approximately $213.23 serves as the immediate fallback level. This area could be pivotal if the stock retreats further, as gaps often act as psychological markers for traders and may offer support or trigger accelerated selling if breached.
On the weekly timeframe, support area around $205.30 (previous resistancce), supplemented by the 21-week EMA, provides a broader view of the stock's structural support. This confluence of support levels not only highlights a potential stabilization zone but also frames the downside risk if market conditions deteriorate.
Tesla's stock movement near these key technical levels—resistance at $233.09 and support at $213.23 and $205.30—offers a clear narrative of a tug-of-war between bullish aspirations and bearish pressures. The interplay between these levels should be closely monitored, as a decisive breakout or breakdown could set the tone for the stock’s direction in the coming weeks.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
SMCI: The Next Major Inflection Point! (D&W charts)On the daily chart, the stock experienced a notable downward breakout, moving sharply below a confluence of trendlines that had previously served as support. This breakout is significant as it suggests a strong bearish momentum, possibly indicating a shift in investor sentiment. The price is below the 21-day EMA, and there is no bottom signal on it yet.
In our previous public SMCI analysis, I warned you about this trend line, as a downwards breakout would frustrate any possibility of a bullish thesis, mid-term speaking. The link to our previous study, here on TradingView, is below this post.
Transitioning to the weekly chart provides a broader perspective, showing the stock's performance over a longer timeframe. Here, the 61.8% Fibonacci retracement level stands out as the next significant support level following the recent declines. This specific Fibonacci level is often watched by traders for potential reversal zones and could act as a strong area of interest for buying activities if prices were to reach this point.
The weekly chart also underscores a general downtrend after failing to maintain higher levels, which aligns with the bearish sentiment observed on the daily chart. The consistency of lower highs further emphasizes the pressure on the stock.
Overall, the convergence of these technical factors across different timeframes suggests that SMCI may face continued downward pressure in the near term, with crucial support at the 61.8% Fibonacci level possibly serving as a pivotal area for the stock's next directional moves.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
GBPUSD ( CORE PCE PRICE INDEX) ( 4H )GBPUSD
HELLO TRADERS
Tendency , the price inside two turning level around 1.287 & 1.285 .
TURNING LEVEL (1) : the price of this level at 1.287 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 1.285, so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.293 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 1.303 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.279 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 1.269 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 1.286 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 1.293 , 1.303 .
SUPPORT LEVEL :1.279 , 1.269 .