Gold is approaching a strong support zone between $3,287 – $3,321. If price reacts from this area, we may see a bullish reversal toward the resistance zone around $3,387 – $3,440. 📌 Key Levels: • Support Zone: $3,287–$3,321 Resistance Zone: $3,387–$3,440 Current Price: $3,335 📈 Trade Idea: Wait for price to test the support zone. If bullish confirmation...
Gold is showing a potential bullish continuation after a successful breakout and retest of a long-term descending trendline. ✅ Key Points: Price has broken above the trendline resistance and is now retesting the zone (support near $3,342) Current price is holding above the support zone with a bullish structure If the support holds, we may see a rally towards...
Gold is currently trading below a strong resistance zone around 3,300 – 3,307, which aligns with a retest of a previous broken structure and the upper boundary of the descending trendline. Key Observations: Price was rejected at resistance after testing the previous ascending channel. Formation of lower highs and lower lows confirms a bearish market...
The market structure on the 3H timeframe is showing strong signs of a bullish breakout from a long-standing descending trendline and ascending channel formation. Key Observations: Price has broken out of the consolidation zone and is now retesting the breakout area near the $0.79–$0.80 support zone. This level has acted as a key demand zone multiple times — a...
The gold market has shown strong momentum after rebounding from the key support zone around 3309, which previously acted as a demand area. 🔍 Current Setup: Price is currently consolidating just above the 3,335 POI (Point of Interest) after a solid bullish move. There's potential for two key scenarios Scenario 1 – Bullish Breakout If price holds above...
Gold is currently trading within a critical technical zone, presenting a high-probability trading opportunity for both intraday and swing traders. 🟢 Trendline Retest & Key Resistance Zone After breaking below the major ascending trendline, price has now pulled back toward the 3,316–3,327 resistance area, which aligns with the previous trading range bottom....
Gold has broken below its previous consolidation range, indicating potential weakness in the market. After a period of sideways movement, price failed to sustain above the 3320–3340 resistance zone and is now approaching a critical support area near 3271. Market Structure Insights: Price traded within a clear range before breaking down Current price action...
Gold is approaching a key resistance area around 3349, where price has previously struggled to break higher. The recent bullish move appears to be losing momentum as it enters this zone. Key Resistance: 3349 Short-Term Support Levels: 1st Target 3325 2nd Target 3308 Major Support: 3293 Trading Plan: If price rejects the 3349 resistance with a clear...
Bitcoin is showing strength after bouncing from the lower boundary of the descending channel. Price action has respected the key support zone (101,100–103,000) and is now targeting higher levels. 🔹 Pattern: Descending Channel Breakout in Progress 🔹 Support Levels: 103,095 – 101,103 🔹 Next Resistance Targets: 106,561 108,386 🔹 Potential upper boundary at...
Market Overview: The Euro has shown strong recovery against the Australian Dollar after weeks of downtrend movement inside a descending channel. With that structure now broken and a clean bullish push above resistance levels, EUR/AUD is setting up for a potential continuation rally in the coming sessions. Key Technical Elements 1. Descending Channel...
Gold is forming a strong bullish pattern within an ascending channel on the 1-hour timeframe. After a tight consolidation near the channel support, the price has started to push higher, suggesting a possible breakout continuation. Key Technical Highlights: Ascending Channel: Price action continues to respect the rising structure. Support Held: Strong support...
GBP/JPY is showing a strong bullish continuation pattern after breaking out of a descending channel and reclaiming structure levels. This setup presents a clean opportunity to align with the trend. Key Technical Highlights: Trendline Support: Price respected the long-term ascending trendline near 194.000, forming a solid base. Breakout Confirmation: A...
SEIUSDT recently broke above a long-term descending trendline, showing signs of bullish momentum. However, after testing the resistance zone at $0.2165 – $0.2282, the price faced strong rejection and sharply reversed. 🔍 Key Levels to Watch: Resistance: $0.2165 and $0.2282 Support Zones: $0.1800 – First Major Support $0.1727 – Intermediate Zone $0.1644 –...
Litecoin is forming a bullish setup after a prolonged consolidation phase within a defined range. The price is approaching the key support level of $81.36, which has held multiple times. Technical Overview: Price is consolidating between $81.36 support and $88.82 resistance Structure suggests a potential rebound from support Breakout above $88.82 may open the...
Overview: Price action on this GBPJPY pair has broken below a well-respected ascending channel, signaling potential downside momentum ahead. We’re seeing early signs of a trend shift, supported by lower highs and a drop below previous support zones. Key Levels to Watch: Resistance Zone: 193.780 – 194.000 A rejection from this area could confirm bearish...
Hello traders, Here’s a clean breakout setup I’m watching closely on GBP/USD. Market Structure: Price recently broke out of a consolidation zone and has now formed a higher high, indicating bullish momentum. We saw a breakout above the descending trendline, which had previously acted as resistance. Price action is currently hovering around the 1.3430–1.3440...
The USD has recently broken out of a well-respected parallel channel, signaling potential bullish momentum ahead. After a period of consolidation, price action surged, currently trading above the key resistance zone around 108.924. Key Levels to Watch: Support Zone: 108.047 – a crucial level that may act as a springboard if retested. Secondary Support: 107.376...
We’re seeing a well-structured breakout from a descending channel after a prolonged consolidation phase. Here's the breakdown of the current setup: Key Observations: Break of Structure (BOS) followed by consolidation shows seller exhaustion and buyer strength building. Price has broken above the descending trend line and retested it as support. Strong bullish...