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Support and Resistance

GOLD increased in the short term, approaching an important levelFrom a recent price action standpoint, the move on Gold may have offered cues of encountering weakness, and could serve as a key trigger for bearish traders. This is why I’m anticipating further short-side follow-through. The negative outlook is not confirmed yet, however a bounce off the trendline could once again attract sellers, for a decent move to 3,240 support zone . This latter zone, could be a key turning point that if broken, would lead to a good opportunities for buyers looking to get involved on the dips, anticipating a potential shift in momentum. But a strong move up and break of trendline at around 3335-3340, would allow Gold to reclaim the 3400 mark and climb even further. On Monday in my last analysis I predicted that the price gold would fall as low as 3290, after which the price has rebounded short term. All this being said, I am closely watching how price will react when it encounters the trendline as shown and I will wait for any confirmation clues. Please note that I will not get involved without proper confirmation
OANDA:XAUUSDShort
by TrendDiva
41
GOLD → Consolidation ahead of news. Retest of resistanceFX:XAUUSD remained above the key support level of 3280 and is testing intermediate resistance. Against the backdrop of the dollar's decline, the metal has a chance to continue its growth... Gold is trading in consolidation ahead of the Fed meeting minutes. Easing trade risks and the dollar's recovery triggered a correction from the recent peak of $3366. Against the backdrop of the dollar's correction, the metal is entering a phase of local rally and testing resistance at 0.5f The Fed is maintaining a cautious tone, and the market is waiting for signals on interest rates. The escalation of the conflict in Ukraine and the threat of new sanctions from Trump did not cause significant concern in the markets. Investors are waiting for drivers Resistance levels: 3322, 3348, 3363 Support levels: 3290, 3282, 3265 A small correction may form from 3322 before growth continues. The market is interested in liquidity in the 3348-3363 zone, and the price is likely to test this zone. However, further developments depend on the fundamental background. Rising economic risks or hints of interest rate cuts could support the price of gold. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
8
Trading Signals for GOLD Sell below $3,307 (6/8 Murray-21 SMA)Early in the American session, gold is trading around 3312, rebounding after reaching the bottom of the uptrend channel formed on may 14, above the 6/8 Murray level, and below the 21st SMA. Gold made a sharp technical correction during the European session and is now consolidating above the 6/8 Murray level, suggesting a possible technical rebound in the coming hours, potentially reaching 3,327. On the other hand, if gold maintains bullish momentum, the price could break above resistance at 3,330, and then we could expect a new bullish sequence, potentially reaching 3,437, the 8/8 Murray level. If bearish momentum intensifies, we should expect confirmation of a sharp break below the 6/8 Murray level and consolidation below this area on the H4 chart. Then, the outlook could be negative, and gold could quickly reach the 200 EMA around 3,251, or even reach the 5/8 Murray line around 3,203. Gold left a gap around 3,198. Gold could close this gap if falls below the 6/8 Murray line, and it could even reach the psychological level of 3,125, which coincides with the 4/8 Murray line.
FOREXCOM:XAUUSD
by CEO-PREMIUM-ANALYSIS
19
Euro may grow to resistance level and then drop to 1.1275 pointsHello traders, I want share with you my opinion about Euro. After forming a strong upward move from the buyer zone (1.11850–1.1210), the price rose sharply, broke the mid-range resistance, and entered the seller zone between 1.1380 and 1.1400. Once it reached the upper boundary of the broadening wedge, the price bounced down from resistance at 1.1380. Now the price is trading inside a broadening wedge, showing signs of a potential reversal. After failing to hold above resistance, the Euro started to decline from the seller zone, confirming selling pressure. The current movement points to a correction within the wedge structure. I expect the Euro will continue falling toward 1.1275, my TP 1, where the support line of the wedge coincides with the upper boundary of the previous buyer zone. This zone has already shown strong reactions before and could act as a short-term reversal area. Given the recent rejection from resistance, the broadening wedge formation, and return from the seller zone, I remain bearish and anticipate further decline. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by LegionQ8
11
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A good start to the day with us hitting not only the red box target we wanted but completing the Excalibur target that was active giving a nice long. After that, we identified the pull back into the bias level 3305 which only gave us a 50pip bounce into the target. We then said price shouldn't go back to 3310, if it did we would break, which consequently happened, thankfully we had stopped trading and called it a day by then. The range continues and price is accumulating, this range now with support 3290 and resistance 3310 could be the play towards the end of the session, so anyone long, we would say watch this levels on the red boxes for a break either side. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
11
What is Bitcoin Dominance, and When Can We Expect Altseason?What is Bitcoin Dominance, and When Can We Expect Altseason? ✅ In the fast-paced and ever-changing world of digital currencies, traders and investors are continually seeking signs and tools to aid them in making informed decisions. One key sign is Bitcoin Dominance (BTC.D). Understanding this and examining its chart can provide us with important clues about what the market might do next, especially regarding when Altseason (the period of growth for altcoins) might begin. CRYPTOCAP:BTC.D What is Bitcoin Dominance (BTC.D)? Simply put, Bitcoin Dominance indicates the percentage of the total value of all digital currencies that is held by Bitcoin. For example, if the total value of all digital currencies is $1 trillion and Bitcoin's value is $600 billion, then Bitcoin's Dominance is 60%. This number is very important because: It shows market feeling: When Bitcoin Dominance goes up, it usually means money is moving to Bitcoin as a safer option, and people are less willing to take risks. When Bitcoin Dominance goes down, it can mean people are more confident in altcoins and are ready to take more risks for bigger profits. It shows money flow: Changes in BTC.D show how money is moving between Bitcoin and altcoins. ❓ What is Altseason? Altseason is a time in the digital currency market when altcoins (digital currencies other than Bitcoin) do much better than Bitcoin, and their prices go up a lot. During Altseason, money often flows from Bitcoin to altcoins, and many altcoins can see their prices increase many times over. Looking at the Current Bitcoin Dominance Chart and forecasting Altseason If we look at the provided chart for Bitcoin Dominance (BTC.D), we can see a few key things: Long-term upward channel: The chart shows that Bitcoin Dominance has been in a long-term upward path. The bottom of this path is marked by a blue support line , and the top is marked by a red resistance line . This means that, in the bigger picture, Bitcoin's control over the market has been growing. Broken short-term upward trend: There was a shorter-term upward trend line (shown in black on the image) that the price broke below on May 9th . This break could be an early warning sign that Bitcoin's dominance might be weakening in the short term, and its dominance might start to fall. ⚠️ But here is a very important point: We cannot be sure that Altseason has definitely started until the price clearly breaks below the main support line of the channel (the blue line) and stays below it. The break of the short-term upward trend line (black line) is an early signal. However, to confirm a change in the trend and the possible start of a significant Altseason, we need to see stronger support levels, like the blue support line on the chart, get broken. ⏳ So, When Should We Expect Altseason? Based on the chart analysis and the points mentioned: Early Sign: The break of the short-term upward trend line (black) on May 9th might make people pay more attention to altcoins, but it's not enough on its own. Key Condition for Altseason: The most important signal for the start of a real Altseason would be if the Bitcoin Dominance price breaks below the blue support line of the long-term upward channel. As long as Bitcoin Dominance stays above this support line, Bitcoin will likely keep its relative strength in the market, and altcoins might only see limited growth or could even face selling pressure. Conclusion: Analyzing Bitcoin Dominance is a useful tool for understanding how the digital currency market works and for predicting possible trends. Right now, because the short-term trend line has been broken, the market is at a sensitive point. However, traders and investors should watch the BTC.D price movements very carefully and wait for stronger confirmations, especially a possible break of the blue support line, before announcing the start of Altseason.
CRYPTOCAP:BTC.DEducation
by Navid_Jafarian
28
GOLD → Correction before possible growthFX:XAUUSD entered a liquidation phase (rally) within the trading range at the opening of the session. The dollar's rise is to blame. The focus is on supporting consolidation... Investors remain interested in gold as a safe haven asset amid geopolitical risks and declining demand for US assets. The key drivers remain news about tax reform in the US, trade negotiations, and upcoming macro data. Gold is consolidating, but since the opening of the session, the price has been heading towards support. Against the backdrop of an upward trend, a trigger for bearish liquidity is likely to form before growth. Against the backdrop of the dollar's growth, gold is entering a correction phase. At the moment, all attention is on support and the liquidity zone of 3265. A false breakdown will trigger a price buyback. Resistance levels: 3322 Support levels: 3282, 3265 Since the price is still within the range and a countertrend correction is forming in the market, in our case, it is worth considering an intraband trading strategy. A false breakdown of support could trigger growth to intermediate resistance or to the upper border of the channel. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
26
EURJPY → False breakout of resistance. Reversal?FX:EURJPY is testing the resistance of the trading range as part of a distribution movement, but the situation ends with a false breakout and price consolidation within the flat. Against the backdrop of the falling dollar, the Japanese yen is strengthening and thus exerting a corresponding influence on the currency pair. EURJPY is forming a false breakout of resistance within a distribution movement formed after a retest the support of the flat. The price returns to the channel. After a false breakout of resistance and a return of the price below a strong key level, a base is forming in the form of support at 163.2 (trigger). Resistance levels: 163.4, 163.6 Support levels: 163.2, 162.7 A breakdown of the 163.2 trigger and price consolidation below the key level could intensify the sell-off, triggering a further decline. Best regards, R. Linda!
Short
by RLinda
9
THE KOG REPORT - UpdateEnd of day update from us here at KOG: It's been a fantastic start to the week with the red box holding nicely to give traders the short trade using the red boxes and KOG's target levels, which are all completed for the week here. We now have support below at the 3285 level which if continues to hold, should give traders another opportunity into that 3306-10 region. We've already taken one into 3304, so for us no more trading until tomorrow. That's the level to watch in our opinion for a potential flip. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
21
BTCUSD Up trend breakdown ahead selling strong🚨BTC/USD Breakdown Alert 🚨 BTC has officially broken down from the previous uptrend, confirmed by a strong bearish engulfing candle — signaling a clear shift in momentum. This is a prime opportunity to look for short setups. 📉 Sell Entry: 107,400 🎯 Technical Targets & Demand Zones: 🔹 1st Target: 103,700 – Minor demand zone 🔹 2nd Target: 96,400 – Stronger structural support 🔹 3rd Target: 85,100 – Deep liquidity zone 🔹 4th Target: 77,000 – Bullish Order Block 💡 Breakdown confirmed. Trend shift validated. Selling pressure likely to continue. Trade smart. Manage risk. — Livia 💼📊
BITSTAMP:BTCUSDShort
by LIVIATRACK
7
Best Practice: Prepare, Assess, Plan Then TradeTraders are often eager to jump straight into the next trading session but this may not always be the best option to chose. It can be more beneficial to follow a regular pre-trading routine to note down important scheduled events, establish current trends, as well as meaningful support and resistance price levels, and importantly this doesn’t have to be time consuming. This is not meant to be that trading ‘holy grail’ but more of an addition to your existing trading process or plan. Having a regular routine to establish important levels, indicator set-ups and price trends to be aware of during your trading day may help you make trading decisions in a more effective way. This pre trading routine can also be helpful for traders that take longer term positions, as it’s still important to consider the longer-term weekly perspectives as well. This routine can be carried out at the weekend and then monitored and, where necessary, modified during the week as price action develops for the particular CFD(s) you are trading. 1. Keep Informed of Important Data Releases If there are several CFD’s you regularly trade and tend to stick with, make sure you have as much information about those assets as possible before you start trading. Consider utilising the Pepperstone trading calendar to help keep you informed of any economic releases/company earnings data that might impact the CFD you are trading before the week/session starts. Once you know the scheduled events ahead, you can ask yourself, Could these impact my trading? Could the market reaction to this new information increase the volatility of the CFD I am about to trade or already have a position in? How may this impact my risk? Knowing what it is expected by the market before a particular important economic data release, such as US Non-farm Payrolls, can help you assess positioning going into the release, gauge market reaction to the data, and then be prepared for any potential price sentiment change and/or increased volatility. 2. Be Aware of Potential Support and Resistance Levels Ahead of your trading day, consider running through the Pepperstone charts of the CFD’s you are considering trading and make a note of 3 support and resistance levels, that you identify as being meaningful. To help you we have set out an example Trading Template below. Daily: Level: Reason: Current Trend: Current Thoughts: Support 1st: 2nd: 3rd Resistance 1st 2nd 3rd Keep this next to your trading screen, so you are aware of particular levels that may act as support and resistance, if prices move in that direction. This can help you to improve trade entry or assist you with the placement of a stop loss or take profit order. If these levels are broken at any time, you can update the template with any new support/resistance levels during the trading period. 3. Be Aware of the Daily Trends – Focus on Bollinger Bands Using the direction of the daily Bollinger mid-average can be helpful to gauge the direction of the daily trend. If the, Mid-average is moving up = price uptrend Mid-average is moving down = price downtrend Mid-average is flat = possible price sideways range The daily and weekly perspectives are the most important to be aware of, so it can be beneficial to analyse the charts from the longest timeframe into the shortest as this allows you to build a better understanding of the dominant trends. You can also note these trends on the Trading Template, so it’s available to you when you are trading. 4. Follow the Same Process for All Other Timeframes - 4 Hour, 1 Hour, Even Shorter if it Suits Your Trading. You can carry out the routine outlined in point 3, for any timeframes you are trading. Things to note, Are there any new trends suggested within a shorter term perspective by the Bollinger mid-average? If the direction of a shorter term mid-average has changed, it may be an indication of either a change or resumption of a longer term price trend. If this trend change also looks to be resuming within the longer term perspectives, this could be a more important signal, as the resumption of an existing longer term trend may mean a more extended move in that direction. Be aware, confirmation of a price trend change within a longer term perspective might mean it could take longer and offer less trading opportunities, as initially price moves may be less aggressive in nature. 5. Where, Within the Various Timeframes is Price in Relation to the Bollinger Bands? As we have highlighted in a previous commentary (please take a look our past posts), Bollinger Bands can highlight increasing price volatility within a trend. Things to note regarding Bollinger Bands, Are the upper or lower bands being touched by prices within any of the timeframes? Within a sideways range (flat mid-average) this might suggest price has reached either a support or resistance level, with potential for a reversal. While being touched, are the upper and lower bands starting to widen which indicates increasing price volatility, or contract, which indicates decreasing price volatility? Remember - widening bands within a confirmed trend highlight increasing volatility, suggesting the current price move might continue for longer than you may anticipate, while contracting bands, point to decreasing volatility, which may lead to a reduction in a particular CFDs price movement. Do the timeframes align? If they do it may suggest a stronger trading opportunity is evident. CFDs within trending markets seeing increasing volatility tend to offer greater potential than those that aren’t. In this scenario it maybe worthwhile considering only trading with the trend, not trying to pick bottoms or tops of markets, or if you do, consider a more cautious approach to your trading by reducing the size of your position and risk. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Education
by Pepperstone
4
BTC Trap & Reverse: The Power of SFPs in ActionBTC continues to chop in a tight range near its previous all-time high. While price action may appear messy at first glance, traders using a combination of structure, Fibonacci levels, and order flow tools are spotting clean opportunities — especially through Swing Failure Patterns (SFPs). 🔍 What Just Happened? Bitcoin recently rejected from the 0.786 Fibonacci retracement level — a classic reaction zone. What made this move powerful was the SFP that formed at that level. Price swept above a prior high, triggering breakout buys, only to reverse. This type of move traps late longs and offers an ideal short entry. 🧠 Educational Insight: Why SFPs Are One of the Best Setups SFPs (Swing Failure Patterns) are some of the highest-probability trades you can take for a few key reasons: 1️⃣ Liquidity-driven: They form where stop losses cluster — above highs or below lows — creating a magnet for price. 2️⃣ Clean invalidation: The wick high/low gives a natural stop-loss level, keeping risk tight. 3️⃣ Fast reaction: Once trapped traders are forced to exit, price often reverses sharply — giving you strong follow-through. 4️⃣ Confirmable with order flow: Using tools like Exocharts, you can see aggressive longs/shorts piling in just before the reversal. This adds conviction to the setup. 📏 Current Confluence: Rejection from the 0.786 Fib retracement SFP confirmed on high volume 1:1 trend-based Fib extension sits at ~$105,410 That level also lines up with the 0.666 Fib retracement Anchored VWAP around $105K Liquidity pool right at that zone too — a likely magnet 🎯 Trade Idea: Short triggered at the SFP wick, stop just above it. First target: the 1:1 extension near $105.4K. Risk-reward is excellent with high probability if price continues to unwind late longs. ✅ Key Takeaway: In ranges like this, you don’t need to guess direction — you need to react to structure. SFPs give you that edge. When paired with real-time tools like Exocharts and anchored VWAPs, these trades become sniper entries rather than coin flips. Let the market show its hand — and trade the reaction, not the prediction. 📌 Summary: This is how you avoid overtrading in chop: wait for key levels, watch how price reacts, and let trapped traders create the move. If BTC revisits the $105K region, it’s a major area to watch for reaction — or to take partials if you’re in a short. The best trades come from patience + precision. _________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
COINBASE:BTCUSDShort
by SiDec
3
ETH NEW UPDATE (12H)This analysis is an update of the analysis you see in the "Related publications" section This analysis is still valid. Ethereum has a liquidity pool above the chart, and just behind that pool, there is a fresh order block. After sweeping the liquidity pool and hitting this order block, the price is expected to drop toward the flip zone. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
DeGRAM | BTCUSD continues to move in the channel📊 Technical Analysis ● 108.7-109 k has held for the fourth time, flipping the purple retest line into solid support; each bounce prints a higher low, sketching a rising triangle inside the medium-term channel. ● A 6 h close above the triangle cap at 111.2 k should unleash a measured 13 k thrust toward the channel’s roof / red supply at ≈122 k. 💡 Fundamental Analysis ● Glassnode shows another 24 k BTC left exchanges in May while US spot ETFs recorded five consecutive inflow days, tightening tradable supply even as macro volatility fades. ✨ Summary Buy 108-110 k; breakout >111.2 k targets 115 k → 122 k. Invalidate on a 6 h close below 105 k. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
2
US 100 – Further Moves Await NVIDIA Earnings UpdateGlobal stock indices have reacted positively at the start of this new trading week to President Trump’s decision to extend a deadline which would impose a tariff of 50% on EU goods imported into the US from June 1st to July 9th. Taken alongside a new willingness being signalled from the EU side to speed the negotiating process along in key areas, means trader hopes have increased that a deal between the first and third largest of the world’s economies can be agreed in principle within the allotted time. Focusing on US stock indices, the US 100 has risen 2.4% this week, taking it only a small step away from its recent highs at 21493 seen on May 20th. However, later today, the rally is about to face possibly its biggest challenge of the week in the form of earnings from the second biggest company on the planet ($3.3 trillion mkt cap) and AI bellwether NVIDIA, which are released after the market close. Traders will not only be looking to judge company’s actual performance against expectations but will be eager to receive updates on the impact of President Trump’s tariffs on future revenue, chip deals with the Middle East, competition and its outlook for AI demand moving forward. Answers to these questions and others may well impact sentiment towards technology stocks and the US 100 moving into the end of the week, and month, on Friday. With increased volatility a possibility, knowing the technical outlook can also be helpful. Technical Update: Focus on the May Highs at 21493 While last week did see correction themes develop within the US 100 index, there appears to be no clear-cut signs of a negative sentiment shift yet, as fresh buying developed above support provided by the rising Bollinger mid-average, currently at 20772 (see chart below). However, looking forward, if the NVIDIA earnings prompt an increase in US 100 price volatility, what are the levels traders may be watching for clues to the next directional themes? Potential Support Levels: It is possible the rising Bollinger mid-average, currently at 20772, represents a first support for traders, and as such, closing breaks below this level might lead to a more extended phase of price weakness. Such moves while not a guarantee of declines, could lead to a deeper sell-off towards 20001, which is equal to the 38.2% Fibonacci retracement of April 21st to May 20th 2025 price strength. Potential Resistance Levels: With this week seeing fresh price strength emerge from above the rising Bollinger mid-average, a positive price pattern of higher highs and higher lows, may still be evident. This reflects buyers currently being willing to pay higher prices, each time a setback materialises. However, to maintain this uptrend pattern in price, the focus could now be on resistance provided by the May high at 21493 (May 20th), with closing breaks above this level required to suggest further strength might then be on the cards, towards what could prove to be the next potential resistance level at 22226, which is the February 18th 2025 all-time high. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:NAS100
by Pepperstone
1
EURGBP breakout down trend bullish strong now from demand zone🚨 EUR/GBP Trade Setup – Bullish Breakout Alert! 🚨 Pair: EUR/GBP Timeframe: 30-Minute (M30) 📈 EUR/GBP has officially broken out of its downtrend, confirming a bullish reversal on the 30-minute chart. We're now watching price action closely around the demand zone @ 0.83800 – ideal entry level for long positions. 💡 Technical Targets: 🎯 1st Target: 0.84100 🎯 2nd Target: 0.84300 🎯 3rd Target: 0.84600 🔒 Risk Management: Always trade with a well-placed stop-loss just below the demand zone. Monitor price action for confirmation before entering. Let’s ride the trend with smart entries and precise targets. 📊💰 — Livia 🤍📉📊 #ForexTrading #EURGBP #TechnicalAnalysis #BreakoutStrategy #SmartMoney #FXSignals #LiviaTrades
Long
by LIVIATRACK
2
Xauusd up trend breakdown ahead sell stron📉 OANDA:XAUUSD Technical Breakdown – 1H Timeframe Gold has broken below the uptrend structure, signaling a strong bearish momentum. We're now entering a SELL position at 3296, aligned with current technical signals. 🎯 Target Levels: ▫️ 1st TP: 3255 ▫️ 2nd TP: 3220 ▫️ 3rd TP: 3170 ▫️ 4th TP: 3135 🔍 Price action confirms the shift, and momentum indicators support downside continuation. Stay sharp and manage risk accordingly. Trade smart, – Livia 😉
OANDA:XAUUSDShort
by LIVIATRACK
3