XAUUSD Price at Decision Point – Bounce or Breakdown?Gold (XAUUSD) is currently trading between two significant zones — a ⏫ 1H Order Block above and a 🛑 Major Support level at 3268.
At this stage, price action remains undecided, and we have a few key scenarios to monitor:
🔄 Potential Scenarios:
📌 Price taps into the 1H OB, then shows signs of rejection — this could trigger a move back down toward support.
⬇️ Price drops directly to 3268, where buyers may step in for a potential bounce.
🚀 If the price breaks through the OB, it may continue pushing up toward the liquidity area around 3248.
⚠️ If support fails, we could see a deeper bearish continuation.
These zones are crucial for both intraday and swing setups. Be patient and wait for a clean reaction to catch a high-probability move.
Pricemovement
GBPUSD – Daily Timeframe Analysis: Head & Shoulders PatternThe GBPUSD daily chart is currently presenting a textbook Head & Shoulders reversal pattern, a powerful bearish signal that often marks the end of an uptrend and the beginning of a new downward cycle. This setup demands attention from swing and positional traders alike, especially considering the size and clarity of the structure.
🔍 Pattern Breakdown
Left Shoulder: Formed in late May, establishing a significant high before a corrective move.
Head: A higher peak was made in early June, which now stands as the pattern's highest point.
Right Shoulder: A lower high formed in mid-July, indicating weakening bullish momentum.
Neckline: The crucial horizontal support zone around 1.3330–1.3340 was tested multiple times and has now been decisively broken, triggering a confirmed bearish setup.
📊 Technical Significance
This Head & Shoulders pattern becomes especially meaningful due to:
Multiple rejections at the neckline, confirming its strength as support-turned-resistance.
Bearish volume expansion on the breakdown, adding weight to the selling pressure.
Formation on a daily timeframe, suggesting a long-term trend reversal rather than a short-term pullback.
📌 Trading Strategy for Traders
✅ Sell Setup (Short Position)
Entry: Around the neckline zone on retest (1.3320–1.3340)
Stop Loss: Above the right shoulder (~1.3550)
Targets:
🎯 Target 1: 1.3100 (psychological and horizontal support)
🎯 Target 2: 1.2900 (measured move from head to neckline)
🎯 Target 3: 1.2650–1.2600 (extended downside zone based on structure)
⚠️ Risk Management Tips:
Don’t chase the breakdown — wait for a pullback/retest of the neckline to get a better risk/reward entry.
Ensure position sizing is appropriate based on the stop loss distance.
If price reclaims the neckline with strong bullish momentum and closes above 1.3350, exit short and reevaluate.
🧠 What Traders Should Keep in Mind
Macro Fundamentals: Watch upcoming economic events like BoE rate decisions, US NFP, and inflation data, which can cause volatility and impact the technical scenario.
Dollar Index (DXY) trend should also be monitored closely. If DXY rallies, GBPUSD breakdown can accelerate.
Trendline Confirmation: Align this with any break of rising trendlines drawn from previous lows.
📌 Final Thought
This pattern marks a crucial turning point in GBPUSD. The momentum has clearly shifted from buyers to sellers, and the breakdown opens up significant downside room. As a swing or position trader, this is a high-probability setup with a clear invalidation point (above the right shoulder) and a favorable risk-reward ratio.
📉 Patience and precision are key here. Let price come to you at the neckline, confirm rejection, and then take the trade with confidence.
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Will Gold Break Higher or Resume the Downtrend?Gold has been trading within a defined rising channel pattern, forming a short-term consolidation phase after a significant bearish leg. The current setup presents a critical inflection zone where Gold (XAUUSD) could either break out above the resistance trendline and major resistance zones or retrace and resume the prior downtrend.
Traders and investors should pay close attention to the price behavior around these key levels for possible high-probability trading opportunities.
📊 Technical Breakdown
1. Rising Channel Pattern
Gold has been bouncing between a support trend line and a resistance trend line, forming a rising channel. This indicates a controlled upward movement or short-term relief within a broader downtrend.
Support Trendline: Has been respected multiple times and offers a key reference point for bullish continuation.
Resistance Trendline: Acting as a cap on the short-term rallies.
This pattern represents a state of consolidation and indecision, often preceding a strong breakout in either direction.
2. Major Resistance Zone Ahead
The region around $3,345–$3,355 is stacked with:
Previous supply zones.
Confluence of the channel resistance and historical price rejection.
Psychological level near $3,350.
This zone is the make-or-break point for bulls. A successful breakout above this resistance could open the doors for a strong bullish continuation targeting levels such as:
$3,370
$3,390
$3,400+
But without a convincing close above this zone, bullish attempts may get rejected, resulting in a pullback or even breakdown.
3. Immediate Support Zone
On the downside, $3,320–$3,325 is a key short-term support level:
Aligned with the lower boundary of the channel.
Previous breakout retest zone.
Demand area observed in past bounces.
If this zone fails to hold, Gold could witness a strong decline, with potential targets at:
$3,310
$3,290
$3,275
🧠 Two Scenarios for Traders
✅ Bullish Breakout Scenario:
Trigger: Price breaks above $3,355 and sustains.
Retest Opportunity: If price comes back to test the breakout zone with a bullish engulfing candle or pin bar, it can serve as confirmation.
Target Zones: $3,370 / $3,390 / $3,400+
Stop Loss: Below the breakout point or recent higher low inside the channel (~$3,320)
❌ Bearish Breakdown Scenario:
Trigger: Breakdown of the support trendline and close below $3,320.
Confirmation: A bearish retest or continuation candle adds strength to the setup.
Target Zones: $3,310 / $3,290 / $3,275
Stop Loss: Above $3,335 (recent high)
📝 Final Thoughts
The XAUUSD 1H chart is setting up for a volatile move as price action coils between strong support and resistance. The rising channel within the larger downtrend makes this an ideal setup for both breakout traders and trend followers.
For bullish traders, the best entry lies above the resistance trendline, ideally after a retest. For bearish traders, a breakdown below the support line confirms downside momentum continuation.
In either direction, a clear break from this consolidation channel is likely to deliver a fast, directional move. Patience is key—wait for a clean breakout or breakdown before entering large positions.
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Are you ready for the BUY BTCUSD signal?✏️ The pennant pattern is forming. After BTCUSD reached a new peak, the past 1 week, BTC price has been accumulating to form a bullish pennant pattern. This is a bullish continuation pattern that signals when breaking the upper boundary of the flag pattern.
📉 Key Levels
BUY Trigger: Break and trade above 199000
Target 128000
Leave your comments on the idea. I am happy to read your views.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/07/2025)Bank Nifty is expected to open with a gap-down, continuing its downside pressure from the previous sessions. The index is now hovering near an important support zone around 56,050–55,950.
If Bank Nifty sustains above the 56,050–56,100 zone after the gap-down open, a reversal rally can be seen with potential upside targets of 56,250, 56,350, and 56,450+. This zone may offer a low-risk long opportunity, provided price action confirms strength.
However, if Bank Nifty remains below 56,050 and especially breaches 55,950, fresh short positions can be initiated with downside targets of 55,750, 55,650, and 55,550-. A close below this support zone can accelerate the selling momentum further.
The market remains in a bearish tone unless a clear reversal structure forms above 56,050.
#NIFTY Intraday Support and Resistance Levels - 28/07/2025Nifty is expected to open slightly lower and remains under selling pressure from higher levels. The key intraday zone to watch is 24,750–24,900, which may act as a trigger range for today's direction.
If Nifty sustains above the 24,750–24,800 zone, a short-covering rally may push the index toward 24,850, 24,900, and 24,950+. This zone may offer a reversal opportunity if supported by strong price action.
On the downside, if the index fails to hold above 24,900–24,950, further weakness may be seen below 24,700, opening downside targets at 24,600, 24,550, and 24,500-.
The broader price action suggests a narrow consolidation between 24,700–24,900, with either side breakout likely to lead to intraday momentum. Maintain strict risk management and avoid aggressive trades within this zone.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/07/2025)Bank Nifty is expected to open slightly lower and is currently trading near a critical zone of 56,450–56,550, which may act as a key pivot for today's session. This narrow band will decide the next directional move.
If Bank Nifty sustains above 56,550, we can expect an upward move toward 56,750, 56,850, and 56,950+ levels. This zone could act as a breakout trigger for intraday momentum on the upside.
On the downside, if the index slips and trades below 56,450–56,400, it may indicate bearish pressure, with possible downside targets at 56,250, 56,150, and 56,050-.
Alternatively, a rejection near the 56,900–56,950 zone could also act as a reversal point and push the index back down.
For now, wait for a clear breakout or breakdown from the 56,450–56,550 range before taking directional trades.
BTC In-Depth Technical Analysis: BTC/USD (30-Min Chart)🔍 In-Depth Technical Analysis: BTC/USD (30-Min Chart)
🟩 1. Demand Zone Reaction
Location: ~$114,500 – $115,500
Significance:
Price sharply reversed after a strong move into this demand zone.
This zone coincides with a liquidity grab below previous lows — textbook Smart Money trap.
Volume (if checked) would likely spike here, indicating institutional interest.
✅ Interpretation: Institutional demand stepped in, absorbing sell orders and triggering a reversal.
📉 2. Break of Structure (BOS)
Zone: Around July 24–25
Price broke below a key higher low, signaling temporary bearish structure.
However, this was quickly reclaimed after demand zone reaction — suggesting a fakeout BOS or a liquidity sweep.
✅ Interpretation: BOS caused shorts to enter, but reversal suggests a bear trap and continuation higher. The BOS served to fuel a more aggressive bullish rally.
🎯 3. Target Zone
Marked Target: ~$118,900–$119,200
Why This Area?
It aligns with a previous consolidation zone / supply before the sharp drop.
Also overlaps with Ichimoku cloud resistance and previous highs — strong confluence.
✅ Interpretation: Price is likely to face resistance here. If broken with strong momentum, bullish continuation to the next supply zone (~$121K) is possible.
⛓️ 4. Market Structure Analysis
Higher Lows Forming after demand reaction.
Price is forming a bullish market structure with an ascending wave pattern.
A break and retest of the $119K zone could lead to a mid-term rally.
Failure to break could result in:
A pullback to the $117,000 area
Or a deeper retest of the demand zone
✅ Trading Plan Options:
Bullish Bias: Buy pullbacks above $117,000 with $119,000 as target
Bearish Bias: Wait for strong rejection at $119,000 to short back to $115K
☁️ 5. Ichimoku Cloud Insight
Price has moved above the cloud, suggesting momentum shift to the upside.
The cloud is twisting bullish, supporting short-term bullish trend.
However, flat Kumo tops around $119K = likely rejection zone.
✅ Interpretation: Ichimoku confirms bullish potential, but price must close above the cloud + $119K zone to sustain trend.
📌 Key Takeaways for Publishing
Chart Idea Title:
“BTC/USD Demand Zone Reversal | Break of Structure & $119K Target in Sight”
Summary Description:
Bitcoin has reclaimed bullish momentum after a sweep into the $115K demand zone. A break of structure triggered shorts, but demand absorption led to a sharp reversal. Now, price is approaching the key $119K supply zone — a critical level that could determine if this is a short-term rally or the beginning of a new trend. Watch for either a clean breakout or a rejection for a possible retest of $117K or lower. Confluence from Ichimoku, BOS, and market structure support the analysis.
[INTRADAY] #BANKNIFTY PE & CE Levels(25/07/2025)Bank Nifty is likely to start the session with a slight gap-down, hovering just below the 57,050–57,100 resistance zone. This zone has been acting as a critical barrier over the past sessions, and until it's breached, upside momentum may remain capped.
A strong bullish move can be anticipated above 57,050, where call option buying is favored. If Bank Nifty sustains this breakout, we can expect a continuation rally toward 57,250, 57,350, and 57,450+ levels. This would mark a short-term trend reversal and signal fresh bullish interest.
On the downside, weakness may resume if the index breaks below the 56,950 mark. A sustained move below this could trigger a quick correction targeting 56,750, 56,650, and 56,550- levels, offering good opportunities for put option buyers.
Gold Price Analysis July 24After a correction of about 50 prices in yesterday's session, gold is showing a necessary "breathing" in the long-term uptrend. This is a positive signal, showing that the market is accumulating before continuing its journey towards a new ATH around the 3500 area.
Currently, gold prices are fluctuating within the boundary zone limited by two upper/lower trendlines - creating a clear structure of support and resistance. Avoid trading against the trend if this boundary zone is broken.
📌 Trading plan:
Strategy: Prioritize BUY when price sweeps to support zone
Active buy zone: 3375 (reaction price)
Potential buy zone: 3363 (deep support)
Target: 3431 in the immediate future → further towards 3490
Support: 3375 – 3363
Resistance: 3418 – 3431 – 3490
#NIFTY Intraday Support and Resistance Levels - 23/07/2025Nifty is expected to open with a gap-up today, continuing its sideways movement within a tight range. There are no significant changes in key levels from the previous session, indicating a consolidative phase in the market. Price action near these levels will be crucial for intraday direction.
On the upside, a bullish continuation can be expected if Nifty sustains above 25,050–25,100. This zone has been acting as a breakout point, and a sustained move above can lead to an intraday rally toward 25,150, 25,200, and 25,250+. Further strength will be confirmed if Nifty crosses 25,250, opening the possibility to test 25,350, 25,400, and even 25,450+ levels.
On the downside, if Nifty breaks below 24,950, it may trigger a short setup with potential downside targets of 24,850, 24,800, and 24,750-. This breakdown would indicate weakness, especially if it comes with volume.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/07/2025)Bank Nifty is likely to open with a gap-up today, continuing its recent volatility and range-bound behavior. There are no major changes from yesterday’s levels, and the index remains in a crucial zone near short-term resistance and support bands. A breakout or breakdown from this zone could decide the next directional move.
Upside continuation may resume if Bank Nifty breaks above 57,050, which can trigger a momentum rally toward 57,250, 57,350, and possibly 57,450+. Traders can consider long positions in this case once confirmation and volume support the breakout.
On the downside, if the index trades and sustains below 56,950, further weakness may be seen. A bearish move below 56,950 can lead to a drop toward 56,750, 56,650, and 56,550-. This level becomes important support, and a breach could invite selling pressure.
Additionally, if Bank Nifty takes support near the 56,550–56,600 zone again, reversal buying can be considered. A bounce from this area could offer targets of 56,750, 56,850, and 56,950+.
USDJPY is continuing its uptrend, let's BUY✏️ OANDA:USDJPY broke the price channel and continued its uptrend at 151,000. The previous h4 candle wick had a liquidity sweep to 147,000, showing that the buyers are dominating the market. The USDJPY trading strategy will mainly BUY to the old peak around 151,000. When the price breaks 147,000, a corrective downtrend will begin to form.
📉 Key Levels
Support: 148.200 - 147.200
Resistance: 150.100 - 151.100
Buy trigger: Breakout above 148,800
BUY 147,200 (buyer liquidity zone)
Target: 145,000
Leave your comments on the idea. I am happy to read your views.
After reaching FULL TP. Relax and wait for strong support zone✏️Continuing yesterday's bullish wave structure, Gold has reached the Target level of 3400. In the European session, there is a possibility of a correction to some important support zones. And the US session will continue to aim for a level higher than 3400. Today's strategy is still quite similar to yesterday's strategy when waiting for the areas where buyers confirm to enter the market to FOMO according to the main trend.
📉 Key Levels
Support: 3375 - 3363
Resistance: 3400-3427
Buy Trigger: Rejects the support zone 3375 and reacts to the upside
Buy Trigger: Rebound from 3363
BUY DCA: Break and trading above 3400
Target 3427
Leave your comments on the idea. I am happy to read your views.
GBPUSD Long Trade Alert – Inverted Head & Shoulders BreakoutGBPUSD has confirmed a classic Inverted Head & Shoulders pattern, signaling a strong bullish reversal opportunity on the 2-hour chart. Price has successfully broken above the neckline resistance zone (~1.3490) and has now retested that zone, forming a bullish engulfing candle — an ideal confirmation for long entries.
🟢 Trade Plan:
Entry: After bullish engulfing candle formed on neckline retest (~1.3490–1.3500)
Stop Loss: Just below the right shoulder low / retest swing low (~1.3455)
Risk/Reward Ratio: ~4:1 (High reward with tightly controlled risk)
🎯 Target Levels:
Target 1: 1.3555
Final Target (Projected): 1.3620
These levels align with structure resistance and measured move of the pattern
📌 Why This Trade Matters:
Pattern confirmed ✅
Retest successful ✅
Bullish confirmation candle ✅
Clean invalidation and upside potential ✅
This is a textbook reversal play, offering solid structure, clear stop placement, and attractive upside. Perfect for swing traders or short-term position setups.
📉 Trade what you see, not what you think. Let price action lead your execution.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDJPY Symmetrical Triangle – Be Ready for Breakout or BreakdownUSDJPY is currently squeezed inside a well-formed symmetrical triangle, indicating a breakout is imminent. This consolidation pattern is nearing its apex, and price action is getting tighter. A sharp move in either direction could unfold soon. Here's how to prepare:
🟢 Bullish Breakout Setup:
Entry Trigger: 1H candle close above 148.70
Stop Loss: Below last higher low or triangle support (~148.15)
Targets:
TG1: 149.20
TG2: 149.60
Final TG: 149.95–150.00
Bias: Favors trend continuation (previous uptrend)
🔍 Confirmation: Strong breakout candle with momentum and/or volume.
🔴 Bearish Breakdown Setup:
Entry Trigger: 1H candle close below 148.15
Stop Loss: Above triangle resistance (~148.70)
Targets:
TG1: 147.60
TG2: 147.20
Final TG: 146.80
Bias: Reversal or failed trend continuation
🔍 Confirmation: Clean breakdown with bearish candle close + possible re-test rejection.
⚠️ Avoid premature entries inside the triangle. Wait for a confirmed breakout or breakdown with candle close and rejection follow-up.
🎯 Tip: Triangle breakouts often result in fast directional moves. Plan your lot size based on volatility and stick to your risk parameters. This is a high-probability setup — trade with discipline.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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[INTRADAY] #BANKNIFTY PE & CE Levels(18/07/2025)Bank Nifty is expected to open flat around the 56800 zone, suggesting indecision in the early session. If it manages to move upward and sustain above the 57050–57100 resistance range, it could invite bullish momentum targeting 57250, 57350, and even 57450+. A breakout above this level can trigger a continuation of upward movement, but volume and price confirmation are essential.
On the downside, if the index stays weak and slips below the 56950–56900 zone, we may see fresh bearish pressure pulling it toward 56750, 56650, and 56550 support levels. This zone remains a crucial intraday pivot for traders to watch.
A reversal opportunity may also emerge if the index drops further near 56550–56600 and then shows a sharp recovery. In such a case, targets of 56750, 56850, and 56950+ are possible, making it a good support-based bounce trade. Overall, the market might remain sideways with both opportunities for quick scalps and reversals—focus on key levels and act with strict stop losses.
#NIFTY Intraday Support and Resistance Levels - 17/07/2025Opening Expectation: Slight Gap-Up Around 25200
Nifty is likely to open slightly gap-up near the 25200 level, showing early signs of strength. If the index manages to sustain above the 25250 level, we may see a continuation of the upward momentum with targets around 25350, 25400, and 25450+. This zone marks the upper resistance, and a breakout with strong volume could push prices into a bullish trend for the session.
On the other hand, if Nifty faces rejection around 25250–25200 and begins to slide, a short opportunity opens up with downside targets at 25150, 25100, and 25050. Sustained weakness below these levels could intensify selling pressure. However, in case the index reverses and bounces from the 25050–25100 zone, a quick intraday long trade can be considered toward 25150, 25200, and 25250+.
Today’s bias remains slightly positive, but the session may remain volatile between key levels. Traders should focus on price action around the 25250 resistance and use trailing stop losses with strict risk control.
#NIFTY Intraday Support and Resistance Levels - 16/07/2025Nifty is likely to open flat near the 25200 mark, with the index currently hovering just below a key resistance zone of 25250. A decisive breakout above 25250 may provide momentum for a further upside rally toward 25350, 25400, and possibly 25450+. This level has acted as resistance in the past, so sustaining above it will be crucial for any bullish continuation.
On the flip side, 25250–25200 is also a potential reversal zone. If Nifty fails to break and sustain above it, then sellers may take control, and the index could see a pullback toward the immediate support levels of 25150, 25100, and 25050.
Since the index is near a crucial breakout/rejection point, early session price action will determine the direction.
GBPAUD Weekly Trade Setup–Parallel Channel Breakdown Opportunity1. Overview of GBPAUD Technical Setup
As of 15th July 2025, the GBPAUD 4-hour chart reflects a price currently positioned at a critical support level around 2.0470–2.0480, which has held multiple times since early April. The price action leading to this point has formed a classic descending parallel channel, with price making lower highs and testing horizontal support with increased frequency.
Key observations:
Price is well below the 200 EMA (currently around 2.0794), confirming a bearish long-term bias.
The resistance zone at 2.1070–2.1120 has proven strong over time, pushing back multiple rallies.
Price is compressing — getting squeezed into the lower boundary of the channel with shorter pullbacks, often a precursor to breakout.
The setup is aligning for a high-probability short trade, with a potential move toward the next major demand zone around 2.0100.
The Breakdown Thesis – What We See on the Chart
The current structure of GBPAUD tells a very clear story:
After a rally in early April, price has been trading within a consolidation range, failing to make higher highs.
The support around 2.0470 has now been tested repeatedly with lower bounces each time.
Price recently made a lower high and returned to support with momentum, increasing the probability of a breakdown.
We are expecting a bearish breakout of this support level, followed by a re-test of the broken zone, and then a strong downside continuation.
Risk Management Strategy
Every trade setup — no matter how technically perfect — must begin with a strong risk management plan.
For this GBPAUD setup:
Entry Trigger: Breakdown below 2.0470 and successful re-test rejection with bearish candle confirmation
Stop Loss: Above re-test high; ideally, just above 2.0530 (~66 pips risk)
Target 1: 2.0300 (170+ pips)
Target 2: 2.0200
Target 3 / Final: 2.0100 (potential 370+ pip move)
This gives us an excellent Risk:Reward ratio of ~1:5 or more, allowing traders to be wrong several times and still remain profitable over time.
Opportunities in the market don’t come from guessing — they come from waiting. The GBPAUD parallel channel setup is a brilliant example of structure-based trading that combines logic with discipline. Whether you're a full-time FX trader or a part-time swing participant, setups like these are where consistency is built.
Watch the breakdown. Wait for the re-test. Execute only when the market confirms your plan.
Happy Trading!
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PFC– At Resistance with Ascending Triangle PatternPower Finance Corporation (NSE: PFC) is forming a technically clean structure — trading within a rising trend channel and now testing a critical resistance zone around ₹430–₹440.
This is a make-or-break level, and the market could tip in either direction depending on how price reacts this week.
1. Chart Structure Overview
Support Zone: Defined by a rising green trendline connecting higher lows since March 2025.
Resistance Zone: Red band between ₹430–₹440, where price has previously reversed multiple times.
200 EMA (Blue Line): Currently hovering around ₹423, adding confluence as a dynamic support/resistance level.
This convergence makes the current price zone crucial for directional confirmation.
2. Two Trade Scenarios
Scenario 1: Bullish Breakout (Trend Continuation)
If the price breaks above ₹440 with strong bullish candles, traders can look for:
✅ Entry after a confirmed breakout + re-test of the ₹430–₹435 zone
🎯 Target Zones: ₹455, ₹470+
🛡️ Stop Loss: Below the swing low of the re-test (₹425 or as per price structure)
🔁 Risk/Reward: 1:2 or better
Scenario 2: Resistance Rejection (Short-Term Pullback)
If the price fails to break above ₹430–₹440 and shows reversal patterns:
✅ Entry on confirmation (e.g., bearish engulfing, rejection wick)
🎯 Target Zones: ₹410 (near rising trendline), possible extension to ₹400
🛡️ Stop Loss: Just above the resistance (~₹442–₹445)
🔁 Risk/Reward: 1:2 to 1:3 depending on entry
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#SENSEX Intraday Support and Resistance Levels - 15/07/2025Sensex is likely to kick off the session with a gap-up opening around the 82500 level, reflecting early bullish momentum. If this initial strength holds and the index begins to build above the 82600–82650 zone, it could signal the start of a recovery leg toward higher resistance levels at 82800, 82900, and potentially 83000+. Sustained action above 82650 may encourage momentum traders to chase strength during the day.
However, the 82500–82650 range will act as a battleground. Failure to defend this zone could invite selling pressure. A breakdown below 82500 may expose the index to intraday weakness, opening downside targets at 82200, 82100, and even 82050. In this case, expect volatility to increase near support levels.
Traders should approach with a flexible strategy—watching for breakout confirmation above 82650 or signs of reversal pressure below 82500. Today’s early range could set the tone for the entire session.
Gold’s Chart Update Next Move: Bullish or Bearish?Gold has shown strong bullish momentum 💪 as it breaks through the descending trendline 📉, positioning itself to target the upper liquidity zone 💰. Right now, we have two key scenarios to watch:
1️⃣ Bullish Scenario: If Gold breaks above the 3345 level and closes a solid candle above it 🔝, we could see a move towards 3360 🚀, signaling further upward potential.
2️⃣ Bearish Scenario: However, if Gold sweeps the 3345 zone and fails to maintain the bullish momentum 🔻, we may see a pullback that could push prices lower 📉.
Stay vigilant 👀 and keep an eye on price action for the next big move! 🔍📊