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Support and Resistance

EURUSD - Major resistance ahead with the fair value gaps!The EUR/USD pair remains firmly within a prevailing downtrend, characterized by a consistent pattern of lower highs and lower lows. This bearish momentum has resulted in the formation of several significant Fair Value Gaps (FVGs) on the 4-hour chart, which now act as potential resistance zones on any pullbacks. These FVGs not only coincide with important technical structures, but also align with key Fibonacci retracement levels, adding confluence to their strength. In the analysis below, we’ll walk through these zones and discuss the most probable scenarios based on the current price action. First resistance zone The first major resistance lies within the 4-hour FVG in the 1.1600 to 1.1650 region. This zone coincides with the golden pocket, which is formed between the 0.618 and 0.65 Fibonacci retracement levels. This overlap strengthens the likelihood of price reacting bearishly here, should the market manage to retrace upwards into this area. Given the strong downward momentum, this level may be enough to trigger a continuation to the downside, making it a critical area to monitor for rejection signals. Second resistance zone The second key resistance is found in the upper 4-hour FVG, ranging from 1.1690 to 1.1750. This zone aligns closely with the 0.786 Fibonacci retracement level and marks a former support zone that has now been broken, indicating a potential structure break. Price returning to this level would be retesting the underside of broken market structure, which often acts as a powerful resistance area. Given this, a deeper pullback into this region may serve as a trap for late buyers and potentially offer a high-probability short setup. Bullish bounce area On the bullish side, the most relevant support is currently found within the 1-hour FVG that was formed last Friday, during the release of the U.S. unemployment rate data. This zone is positioned below current price levels and is likely to act as a strong short-term demand area. It is reasonable to anticipate a bullish reaction from this zone if the market retraces downward, making it a favorable area to seek long opportunities for a potential move into the higher resistance levels described above. Final thoughts While the broader trend remains bearish, short-term bullish bounces are likely within defined fair value gaps. Traders should keep a close eye on the 1-hour FVG for possible long entries, while watching the 4-hour FVGs, particularly those aligning with key Fibonacci levels, for signs of bearish continuation. If resistance holds firm, the EUR/USD could resume its downtrend, but any structural breaks or sustained closes above these levels would challenge that view. As always, price action around these zones should guide the final decision-making. ------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like 👍 and leave a comment 💬, I’d love to hear your thoughts!
by Youriverse
59
DeGRAM | GOLD reached the resistance level📊 Technical Analysis ● XAUUSD rebounded from the lower channel boundary near 3,294 and reclaimed resistance at 3,357.8, confirming bullish continuation inside the rising structure. ● Breakout above the triangle’s descending resistance line opens upside toward 3,435 and possibly 3,487 on strong momentum continuation. 💡 Fundamental Analysis ● Gold found renewed support as US NFP and ISM data showed softness, weakening the dollar and lowering real yields. ● Rising geopolitical risk and increased central bank gold buying in July continue to support bullish sentiment. ✨ Summary Long above 3,357. Target 3,435 ➜ 3,487. Setup holds while price stays above 3,294 channel base. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDLong
by DeGRAM
16
GOLD → Consolidation after the rally...FX:XAUUSD is not falling back after a strong rally, but is consolidating against resistance at 3362.8. Continued high demand could allow the market to strengthen... The price of gold halted its two-day rally, trading around $3362.8 on Monday morning after weak US employment data. This heightened concerns about the US economy and increased the likelihood of a Fed rate cut in September to 80%. Additional pressure on the dollar came from the dismissal of BLS chief Erika McAntfer, which raised suspicions of statistics manipulation. Market attention is also focused on US-Canada trade talks, which could affect investor sentiment. Gold is consolidating for now, but its further growth will depend on the dynamics of the dollar and macroeconomic data. Resistance levels: 3362.8, 3383, 3433 Support levels: 3345, 3334 As the market has now entered a consolidation phase, MM may form a retest of support before a possible rise in order to accumulate liquidity. However, a breakout of resistance at 3362.8 could trigger further growth. Best regards, Linda!
FX:XAUUSDLong
by RLinda
13
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Not a bad day at all on the markets with gold holding the 3345-50 support level and giving the push upside as we wanted. We managed to complete our Excalibur targets and hit the ideal target level which was share in the NFP KOG report to complete the move. Now, we need to play a little caution here as we have bounced the red box box as anticipated and a small RIP is in progress. Support stands at the 3364 level with resistance above 3377. We'll expect there to be a hunt above so lets make sure to protect and manage. KOG’s bias for the week: Bullish above 3340 with targets above 3370✅, 3373✅, 3379✅ and above that 3384✅ Bearish on break of 3340 with targets below 3330, 3320 and below that 3310 RED BOXES: Break above 3365 for 3372✅, 3375✅, 3379✅, 3384✅ and 3390 in extension of the move Break below 3350 for 3346, 3340, 3335 and 3330 in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
GOLD → Consolidation and correction before growthFX:XAUUSD continues to consolidate after a strong rally. The market is returning to a bullish trend, but a correction is possible before growth continues... Gold is rising amid expectations of Fed policy easing. The market is finding support amid: a 90.5% probability of a Fed rate cut in September, weak US employment data, and dovish comments from Fed officials. The market is waiting for news that could determine further movement. ISM Services PMI data: strong figures could temporarily support the dollar, while weak figures could increase pressure on the USD. Questions about the Fed's independence after Trump fired the head of the BLS. Gold is maintaining its upward momentum, but its dynamics will depend on macro statistics and the Fed's response. Technically, the focus is on the local trading range of 3385 - 3363 - 3353. Resistance levels: 3385.4, 3433 Support levels: 3362, 3353, 3345 A retest of support and holding the price above key support could trigger a continuation of the uptrend, but it is important to pay attention to the fundamental background. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
August 4th - Cardano (ADA) bull flag to print 250% move to $2.50 On the above 10 day chart price action is shown with a 40% correction since December last year. A number of reasons now exist for a bullish outlook, including: Support and resistance Price action confirms support on past 3 year resistance around 60 cents Trend reversal The support confirmation is followed by higher low and higher high prints. The Bull flag A measured move from the first impulsive wave will see price action move to the previous all time high of circa $2.50 Summary The flag set up is fairly reliable with a high success rate for continuation with 60% probability. However avoid greed at the forecast area, many people entered the market at $2.50 in 2021. This was the worst possible moment and have been waiting for this opportunity to exit. Do not be their exit liquidity! Is it possible price action continues lower? Sure. Is it probable? No. Ww
Long
by without_worries
12
The next bull week gonna start soonWe had new ATH around 123K$ and market is now facing some correction and fall and i think soon we can expect end of this correction and also more gain this time will lead price to new ATH at least around 137K$. it seems that red trendline is not broken yet and for confirmation of breakout we need price at least stay above 116K$ and close daily candle above there. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
9
Gold Poised to Rise on Looming Russia Sanctions!!Hey Traders, above is a breakdown of the current technical and fundamental setup for Gold, with a focus on key support zones and the macro landscape that could drive further upside. From a technical standpoint, the first major support area to watch is around 3,334, which previously acted as a strong resistance level. Now that price has broken above it, we could see this zone retested as a support — a classic breakout-retest scenario that may offer a potential bounce opportunity. The second key zone is located near 3,311, a historically significant support/resistance level. What makes this level even more critical is its confluence with the primary ascending trendline, reinforcing its importance as a structural support in case of a deeper retracement. On the fundamental side, gold continues to benefit from its role as a safe-haven asset, especially amid rising geopolitical and economic tensions. There are two major catalysts in play right now: Escalating trade tensions, particularly around new tariffs. Markets are pricing in a high baseline tariff risk of 15%, which adds a layer of uncertainty and supports defensive assets like gold. Mounting geopolitical pressure on Russia, with the U.S. expected to announce secondary sanctions this week. These could further disrupt global markets and drive demand for hard assets. In summary, gold is positioned well both technically and fundamentally. If price holds above the mentioned support zones, we could see renewed bullish momentum in the sessions ahead. Keep an eye on developments related to trade policy and sanctions, they could be key drivers of the next move.
OANDA:XAUUSDLong
by JoeChampion
12
THE KOG REPORT - NFP UPDATE 1H 1H: This is the chart we used last week for the FOMC and NFP KOG Reports. From the chart we can see the low was captured for FOMC and NFP didn’t give us an undercut low. We’ve kept the potential target box from the Report and for now we’ll stick with it. Red box defence is active below at the 3340-5 level and the ideal target stands above in the oval as long as we remain above the 3340 bias level. KOG’s bias for the week: Bullish above 3340 with targets above 3370, 3373, 3379 and above that 3384 Bearish on break of 3340 with targets below 3330, 3320 and below that 3310 RED BOXES: Break above 3365 for 3372, 3375, 3379, 3384 and 3390 in extension of the move Break below 3350 for 3346, 3340, 3335 and 3330 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
13
EURUSD Technical and Fundamental AnalysisEURUSD may begin another downtrend movement from the current zone, as suggested in our earlier chart analysis. The price is expected to retest the support line after a short-term bounce, likely influenced by speculation around the NFP report. Fundamental Outlook: Adding to the market’s uncertainty, former President Donald Trump has dismissed Erika McEntarffer, Commissioner of the Bureau of Labour Statistics, accusing her of manipulating job data. This political drama has raised fresh concerns among investors about transparency and credibility in U.S. economic reports. Moreover, investors are increasingly worried about the broader impact of Trump’s return to influence, which could potentially slow U.S. economic growth. Technical Analysis: From a technical perspective, EURUSD has broken below the neckline of a double top pattern, which is a strong bearish confirmation. This breakdown signals a continuation of the downtrend, with downside momentum likely to build if the pair remains below key resistance levels. You May find more details in the chart. Ps: Support with like and comments for better analysis Thanks for Supporting.
Short
by MrMartin_11
10
THE KOG REPORT - UpdateEnd of day update from us here at KOG: What a mission with gold, swings one way, swing the other, taking liquidity within the range and yet sticking with the illustration posted. We managed to get the move upside, pin point short into the level we wanted and then a bounce from the 3350 level again! We had a target lower, but suggested we wait for the 3370-5 level which we weren't happy with and ultimately broke, only then to give us the long into the LiTE and Excalibur targets and to complete most of the red box targets. We now have support here at the 3375 level with extension in 3368 which are the levels that need to hold us up, then break the red box and we can attempt the higher levels. KOG’s bias for the week: Bullish above 3340 with targets above 3370✅, 3373✅, 3379✅ and above that 3384✅ Bearish on break of 3340 with targets below 3330, 3320 and below that 3310 RED BOXES: Break above 3365 for 3372✅, 3375✅, 3379✅, 3384✅ and 3390✅ in extension of the move Break below 3350 for 3346, 3340, 3335 and 3330 in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
3
XAUUSD Continuation fallowing PullbackGold is currently retesting the support zone and showing signs of potential upside movement. The market is reacting to expectations of Fed policy easing, which is supporting gold prices. Upcoming ISM PMI data is a key catalyst — stronger-than-expected figures could cause volatility. Gold declined from the 3374 level, showing a false breakout to the downside. Key support is forming around 3360 — if broken, a bearish trend may resume at 3342nIf the 1H candle closes above 3370, this could indicate renewed bullish momentum. Resistance to watch: 3400 and 3420. You May find more details in the chart. Ps; Support with like and comments for better analysis.
OANDA:XAUUSDLong
by MrMartin_11
8
Wait for a pullback and then test the previous high#XAUUSD The gold market closed positively on the daily chart, with strong support near 3345-3340 below. The market trend is still dominated by bulls,🐂 but the daily moving average support is too far from the high point. It is not ruled out that it may retreat to the moving average support near 3345-3340,📊 and then rise again.🚀 From the monthly chart, 🌙although the monthly chart closed positive, the market is generally converging at a high level. Upper resistance remains, and a breakout is unlikely without breaking through this resistance level (no further discussion will be given).📉 Judging from the weekly chart, the Bollinger Bands have shrunk, and the MACD indicator has formed a death cross with large volume, indicating weak fluctuations at the weekly level.😩 Judging from the daily chart, 📊the current technical indicators are tending to the zero axis, and the rapid upward correction of the smart indicator indicates that the price fluctuation tends to rebound. The current focus is on yesterday's high around 3385. It is expected to break through 3430. The lower support Bollinger band middle track and moving average tend to stick together around 3346-3340.🌈 Judging from the hourly chart and 4H chart, 📊the overall rhythm tends to fluctuate and fall. The short-term pressure from above is around 3375-3385, and a break above will definitely lead to an increase.📈 On the whole, pay attention to yesterday's NY starting point near 3365-3360, and the strong support below is 3346-3340. The hourly and 4H charts tend to fluctuate and fall, so for short-term trading we need to short on rallies. 📉 Intraday trading suggestions are as follows: 1. Consider going long currently around 3365-3360📈, targeting 3374-3380🎯. If it breaks through, look for 3400. 2. Go long if it retraces below 3355-3340, targeting 3375-3385. Wait for further adjustments.🐂 3. If the price first reaches the resistance level of 3375-3385 and holds, consider going short with a small position and anticipate a pullback towards 3365-3355.🐻
OANDA:XAUUSDLong
by Halson_Winston
3
BTCUSDT Bearish Expect the resistance 120KBTCUSDT is currently showing signs of a bearish trend, aligning with our previous analysis. The price faced strong resistance near the 120,000 level, from where we expect a move toward the downside. Technical Insight: After the recent strong bullish momentum, Bitcoin may enter a corrective phase. This local correction could attract fresh interest from buyers at lower levels. Watch closely for any bounce or consolidation near the 110K 115K zone, which could act as a decision point for the next major move. Note: A sustained break below 114K could accelerate the downside pressure towards 110K. Conversely, any recovery above 120K would invalidate this bearish scenario and suggest continued bullish strength. You May find more details in the chart. Ps: Support Growth like and comments for better analysis Thanks for Supporting.
Short
by MrMartin_11
16
XRPUSDT → Hunting for liquidity ahead of a possible declineBINANCE:XRPUSDT.P is forming a downward market structure after a false breakout of global resistance. Bitcoin is in a correction phase and, after a slight rebound, may continue its movement... Bitcoin has entered the sell zone. The price is consolidating below the global consolidation boundary of 115,500 during the retest, and if Bitcoin continues to decline, this could trigger a downward movement across the entire cryptocurrency market. XRP is forming a bearish market structure. After capturing liquidity and a false breakout of resistance, the price is returning to a bearish trading range. There is no potential for continued growth at this time. A consolidation of the price below 3.00 - 2.996 could trigger further sell-offs. Resistance levels: 2.996, 3.050, 3.181 Support levels: 2.996, 2.891, 2.74 The local bearish structure will be broken if the price starts to rise, breaks 3.050, and consolidates above it. In this case, XRP may test 3.181 before falling further. At the moment, after a false breakout of resistance, the price is consolidating in the selling zone, and the downward movement may continue. I consider 2.74 - 2.655 to be the zone of interest in the medium term. Best regards, R. Linda!
Short
by RLinda
5
USDJPY Showing Bullish Correction USDJPY is currently testing a key support level, with the US dollar showing recovery since the beginning of the session. This bullish momentum is giving the pair a chance to climb higher. Technical Overview: The price is approaching the local support zone near 147.50. Bullish momentum is building from this level. If the price holds above 147.50, it could trigger further upside movement Upside Targets will be 148.50 and also 150.20 You May find more details in the chart, Trade wisely Best of Luck Buddies. Ps; Support with like and comments for better analysis Thanks Traders.
Long
by MrMartin_11
7
SPX500 Technical Setup – Eyes on 6365 and 6399 TargetsSPX500 – Overview The price has stabilized above the key pivot level at 6341, maintaining a bullish bias. As long as the price holds above this level, the upward momentum is expected to continue toward 6365 and potentially 6389 or 6399. However, a 1H close below 6323 would signal a possible trend reversal, opening the door for a deeper correction toward 6283. 🔹 Pivot: 6341 🔹 Resistance: 6365, 6399, 6427 🔹 Support: 6323, 6283
OANDA:SPX500USDLong
by SroshMayi
1