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Support and Resistance

XAU/USD 17 July 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. You will note that price has targeted weak internal high on two separate occasions forming a double top which is a bearish reversal pattern. This is in-line with HTF bearish pullback phase. Remainder of analysis and bias remains the same as analysis dated 23 April 2025. Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS. The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price. As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish. Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Germany 40 – Preparing For A Short Term Range BreakoutTariff worries, including new comments from President Trump stating that he is likely to impose fresh import charges on pharmaceuticals, have continued to dominate the thinking of Germany 40 traders this week. This has lead to some choppy price action for the index, which after opening on Monday at 24140, has bounced between a Tuesday high of 24293 and a Wednesday low of 23923, before settling back into the middle of that range. Throw into the mix, the start of Q2 earnings season for European corporates and an upcoming ECB interest rate decision in a week's time and you can see how price action could become increasingly volatile moving forward into the end of July. Earnings season has so far got off to a slow start in Europe and Germany 40 traders may have to wait until SAP, the company carrying the highest market capitalisation ($352 billion) and index weighting (14.5%), reports its results next Tuesday (after the close) for further insight into where prices may move next. In terms of the ECB rate decision next Thursday (July 24th), market expectations may currently be indicating that another rate cut is unlikely, although it could be a close call. Traders seem to be focusing on recent commentary from policymakers which suggests the balance of power for the time being has shifted to the more hawkish committee members, who have stated that with inflation sitting on the central bank's target of 2% there is no need to cut rates further. Choosing instead to wait for more clarity on the outcome of trade negotiations with the US, which could decide whether a trade war between the world's first and third biggest economies may be something they need to navigate. Technical Update: Assessing Current Pirce Action Having posted a new all-time high at 24639 on July 9th the Germany 40 index has entered a corrective period in price. However, while much will depend on future market sentiment and price trends, traders may well be asking, whether current price declines can develop into a more extended phase of weakness, or if the downside move could be limited as buyers return once again. Time will tell, but in the meantime, technical analysis may help pinpoint potential support and resistance levels which can aid traders in establishing the next possible trends and directional risks. Potential Support Levels: Having recently posted a new all-time high at 24639, it might be argued this is still a positive price trend, especially as the Bollinger mid-average is currently rising. The mid-average stands at 23954, so may mark the first support focus for traders over coming sessions. However, if closing breaks of this 23954 level materialise, it might lead towards a further phase of price weakness towards 23013, the June 19th session low, even 22406, which is the 38.2% Fibonacci retracement of April to July 2025 price strength. Potential Resistance Levels: If the 23954 mid-average successfully holds the current price setback, it could prompt further attempts to extend recent strength. The first resistance might then stand at 24282, which is equal to half of the latest weakness, with successful closing breaks above this level possibly opening scope back to the 24639 all-time high and maybe further, if this in turn gives way. The material provided here has not been prepared 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:GER40
by tv1lsqiw
Germany 40 – Preparing For A Short Term Range BreakoutTariff worries, including new comments from President Trump stating that he is likely to impose fresh import charges on pharmaceuticals, have continued to dominate the thinking of Germany 40 traders this week, leading to some choppy price action for the index, which after opening on Monday at 24084, has bounced between a Tuesday high of 24293 and a Wednesday low of 23925, before settling back into the middle of that range. Throw into the mix, the start of Q2 earnings season for European corporates and an upcoming ECB interest rate decision in a week's time and you can see how price action could become increasingly volatile moving forward into the end of July. Earnings season has so far got off to a slow start in Europe and Germany 40 traders may have to wait until SAP, the company carrying the highest market capitalisation ($352 billion) and index weighting (14.5%), reports its results next Tuesday (after the close) for further insight into where prices may move next. In terms of the ECB rate decision next Thursday (July 24th), market expectations may currently be indicating that another rate cut is unlikely, although it could be a close call. Traders seem to be focusing on recent commentary from policymakers which suggests the balance of power for the time being has shifted to the more hawkish committee members, who have stated that with inflation sitting on the central bank's target of 2% there is no need to cut rates further. Choosing instead to wait for more clarity on the outcome of trade negotiations with the US, which could decide whether a trade war between the world's first and third biggest economies may be something they need to navigate. Technical Update: Having posted a new all-time high at 24639 on July 9th the German 40 index has entered a corrective period in price. However, while much will depend on future market sentiment and price trends, traders may well be asking, if current price declines can develop into a more extended phase of weakness, or if downside is just a limited move before buyers return to extend price strength. Time will tell, but in the meantime, technical analysis may help pinpoint potential support and resistance levels, aiding in establishing next possible trends and directional risks. Potential Support: Having recently posted a new all-time high at 24639, it might be argued this is still a positive price trend, especially as the Bollinger mid-average is currently rising. This for Thursday stands at 23954, so may mark the first support focus for traders over coming sessions. If closing breaks of this 23954 level materialise, it might lead towards a further phase of price weakness towards 23013, the June 19th session low, even 22406, the 38.2% Fibonacci retracement of April to July 2025 price strength. Potential Resistance: If the 23954 mid-average successfully holds the current price setback, it could possibly prompt further attempts to extend recent strength. First resistance might then stand at 24282, equal to half latest weakness, with successful closing breaks possibly then opening scope back to the 24639 all-time high and maybe further, if this in turn gives way. The material provided here has not been prepared 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:GER40
by tv1lsqiw
GBPUSD InsightWelcome to all our subscribers. Please feel free to share your personal thoughts in the comments. Don't forget to like and subscribe! Key Points - According to CBS and other U.S. media outlets, former President Trump asked Republican lawmakers during a closed-door meeting whether they supported removing Federal Reserve Chair Jerome Powell. It was reported that many lawmakers showed support for the idea. However, in a meeting with the Prime Minister of Bahrain, Trump stated that unless Powell is involved in a scandal related to renovations of the Federal Reserve building, the likelihood of his dismissal is very low. - President Trump is actively lobbying lawmakers to pass three stalled cryptocurrency bills in the House of Representatives. Optimism about the bills' passage has resurfaced. In particular, the potential strategic use of stablecoins to strengthen the dominance of the U.S. dollar and boost demand for U.S. Treasuries has brought renewed attention to these legislative efforts. - The U.K.’s Consumer Price Index (CPI) for June came in at 3.6%, exceeding the market expectation of 3.4%. As a result, the possibility of a Bank of England rate cut in July has significantly diminished. Key Economic Schedule This Week + July 17: Eurozone June Consumer Price Index (CPI) GBPUSD Chart Analysis The GBPUSD pair failed to break above the 1.38000 level and fell through the trendline after facing resistance in that zone. Currently, it is testing support near the 1.34000 level. If the pair successfully rebounds from this area, we could expect another potential rally toward the 1.40000 level. However, if the support is broken, a further decline toward the 1.31500–1.32000 range is likely.
by shawntime_academy
AUDCAD H1 BearishFactors of confluence in favor of short 1. Daily resistance zone 0.90432 2. Triple top 3. M pattern against resistance 4. RSI dipped below 50 5. Chop Zone change to bearish 6. Break of trendline 7. 3.5 R/R 8. Removal of liquidity zone on daily chart(prior high) Risks 1. No LL yet 2. 2nd time back to daily resistance zone- may break through to upside 3. Price to return to congestion zone above for more consolidation before choosing a direction 4. Possibility to resume upwards momentum
Short
by KAS109
GBPAUD BUY LOW OF THE RANGE (BLSHS)Price is in 3 month trading range, price attempted breakout in either direction but failed multiple times. In a Trading Range we Buy Low Sell High Scalp (BLSHS). - Upper Range is at (2.10379 - 2.09843). - Low of the Range at (2.05636 - 2.04819) where price is currently at. - Price formed a new higher low at 2.07375 showing buyers coming. - Price was rejected strongly at the low of the range and formed RSI Divergence at the level signaling a reversal the upside. - AUD employment data released today at 4:30AM if negative price will breakout strongly Stop loss below the new higher low at 2.07375 or below the setup at 2.04423. Take profit at 2.07045 or at the top of the range at (2.10379 - 2.09843).
Short
by Victor_Kinyanjui
CHF/JPY Reversal brewing?Is the high-flying CHF/JPY cross about to hit an air pocket? Having printed a bearish engulfing candle on Wednesday, and with bearish divergence between RSI (14) and price while still in overbought territory, the risk of a pullback appears to be growing. MACD is also curling over towards the signal line, hinting that bullish momentum is waning. Should the price break and hold beneath 184.50, shorts could be established with a tight stop above the level for protection. 183.39 screens as an initial target, coinciding with the low struck on July 11. If it gives way, it could open the door to a deeper unwind towards 181.85, a level that acted as both support and resistance in recent months. If the price resumes its uptrend and takes out the current record high above 186.00, it would invalidate the near-term bearish bias. Good luck! DS
Short
by FOREXcom
GRASS About to EXPLODE or COLLAPSE? Traders Could Get Trapped inYello, Paradisers! Are you ready for what could be one of the most deceptive breakouts we’ve seen this week? #GRASSUSDT is showing signs of strength, but as always, we need to stay sharp and look beneath the surface to avoid getting trapped like 90% of the herd. 💎#GRASS is knocking on the door of a key descending resistance trendline that has been respected multiple times this month. The current price action is attempting to break above it with momentum, and a confirmed breakout could trigger a strong probable impulsive move toward the next resistance levels at $1.2630, $1.3959, and eventually even $1.6512. 💎But what gives this setup its real probability strength is what most retail traders are overlooking: the confluence between minor support at $1.10–$1.15 and the short-term EMAs on the 4H timeframe. The 50 EMA and 100 EMA are starting to curve upward and align just above this support range, offering a strong dynamic base. This zone isn’t just visual support anymore—it’s turning into a technical launchpad. 💎From a technical standpoint, any clean 4H candle close above the trendline and $1.2630 resistance will increase the probability of continuation toward the mid-range resistance near $1.3959. However, failure to break above this zone convincingly or a rejection back into the previous range could signal that market makers are just pushing price up to trap breakout traders before dumping it again. 💎Support remains firm in the $1.10–$1.15 zone, but invalidation is crystal clear — any 4H candle close below $1.0549 would negate this bullish outlook entirely and suggest a deeper move is coming. That level has held well so far, but remember: one quick breakdown can wipe out many weak hands. 💎This is exactly the kind of setup that separates emotional traders from strategic ones. Many will FOMO in right at the breakout without considering the higher timeframes or waiting for confirmation. Strive for consistency, not quick profits, Paradisers. Treat the market as a businessman, not as a gambler. Only the patient and prepared will survive and profit from these types of traps. Let’s continue to stay smart, strategic, and wait for the best high-probability opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Trip Wave Analysis – 16 July 2025- Trip reversed from resistance area - Likely to fall to support level 16.00 Trip recently reversed down from the resistance area located at the intersection of the strong resistance level 18.00, upper weekly Bollinger Band and the 38.2% Fibonacci correction of the weekly downtrend from 2024. The downward reversal from this resistance area stopped the earlier weekly impulse waves i and C. Given the strength of the resistance level 18.00 and the overbought weekly Stochastic, Trip can be expected to fall to the next support level 16.00.
NASDAQ:TRIPShort
by FxProGlobal
Germany 40 – Preparing For A Short Term Range BreakoutTariff worries, including new comments from President Trump stating that he is likely to impose fresh import charges on pharmaceuticals, have continued to dominate the thinking of Germany 40 traders this week, leading to some choppy price action for the index, which after opening on Monday at 24084, has bounced between a Tuesday high of 24293 and a Wednesday low of 23925, before settling back into the middle of that range. Throw into the mix, the start of Q2 earnings season for European corporates and an upcoming ECB interest rate decision in a week's time and you can see how price action could become increasingly volatile moving forward into the end of July. Earnings season has so far got off to a slow start in Europe and Germany 40 traders may have to wait until SAP, the company carrying the highest market capitalisation ($352 billion) and index weighting (14.5%), reports its results next Tuesday (after the close) for further insight into where prices may move next. In terms of the ECB rate decision next Thursday (July 24th), market expectations may currently be indicating that another rate cut is unlikely, although it could be a close call. Traders seem to be focusing on recent commentary from policymakers which suggests the balance of power for the time being has shifted to the more hawkish committee members, who have stated that with inflation sitting on the central bank's target of 2% there is no need to cut rates further. Choosing instead to wait for more clarity on the outcome of trade negotiations with the US, which could decide whether a trade war between the world's first and third biggest economies may be something they need to navigate. Technical Update: Having posted a new all-time high at 24639 on July 9th the German 40 index has entered a corrective period. However, while much will depend on future unknow market sentiment and price trends, traders may well be asking, if current price weakness can develop into a more extended phase of weakness, or if downside is just a limited move before buyers return to extend price strength. Time will tell, but in the meantime, technical analysis may help pinpoint potential support and resistance levels, aiding us establish next potential trends and directional risks. Potential Support: Having recently posted a new all-time high at 24639, it might be argued this is still a possible positive trend, especially as the Bollinger mid-average is currently rising. This for Thursday stands at 23897, so may mark the first support focus for traders over coming sessions. If closing breaks of this 23965 level materialise, it might lead towards a further phase of price weakness towards 23013, the June 19th session low, even 22406, the 38.2% Fibonacci retracement of April to July 2025 price strength. Potential Resistance: If the 23965 mid-average successfully holds the current price setback, it could possibly prompt further attempts to extend recent strength. First resistance might then stand at 24282, equal to half latest weakness, with successful closing breaks possibly then opening scope back to the 24639 all-time high and maybe further, if this in turn gives way. The material provided here has not been prepared 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:GER40
by tv1lsqiw
$HBAN - well positioned to continue on its pathNASDAQ:HBAN has been in a rising channel since April, and is no touching the lower band of the channel. His area also includes some previous resistance turned support, as well as some movement paces. NASDAQ:HBAN recently announced they are acquiring Veritex ( NASDAQ:VBTX ) which will strengthen their mark in Texas. Please note NASDAQ:HBAN is releasing earnings July 18th. A good report should see the stock moving towards the upper band of the channel, maybe break through it.
NASDAQ:HBANLong
by WeRideAtDawn
Fake news stirs up the market, market trend analysis📰 News information： 1. Beige Book of Federal Reserve's economic situation 2. European and American tariff trade negotiations 📈 Technical Analysis： Today, our overall trading can be said to have accurately grasped the trading points, and both long and short positions have earned us good profits.The gold market surged due to Trump's intention to fire Powell. Trump then denied the plan, which dissipated the risk aversion in the gold market and the overall rhythm fell back to a volatile pattern. The current market price of gold closed with a long upper shadow line, indicating that there is a certain need for adjustment in the market. Although the news stimulus has pushed it up to 3377, we need to be vigilant against the risk of a decline after a high rise. Pay attention to today's closing. If it closes below 3345, the bearish trend may continue in the future. OANDA:XAUUSD PEPPERSTONE:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD FXOPEN:XAUUSD
OANDA:XAUUSDShort
by Allenbrowser-3