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Support and Resistance

Gold: Examining Upcoming Targets and Supply Zones As anticipated in the previous analysis, gold experienced a decline. However, it appears another corrective wave, effectively wave C, may still be ahead. Before the next drop, a slight upward movement in gold prices is not unlikely, allowing sellers to re-enter the market. On the 4-hour time frame, supply zones have been identified. Gold may rise to around $2,660, or alternatively, to $2,680 before resuming its decline. The $2,560 demand zone is the first key support and a potential bearish target for gold.
TVC:GOLDShort
by UtoForex
NASDAQ-100 NEEDS MORE CLARITY TO MOVE INDEX FORWARD!Last week, the NASDAQ-100 established key levels for both sellers and buyers. As we head into the next trading week, price rejection at either of these levels will likely determine the index's direction. While the weekly outlook remains bullish, a bearish close this week could lead to further deterioration of the index. N.B! - NAS100USD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #nas100usd #nasdaq
OANDA:NAS100USD
by BullBearMkt
BTC 3 possible Scenarios Btc has rallied down to touch support which is @ 92,000 it’s a very strong area which is holding price quite good. The way btc rallied down makes traders panic but it’s the way btc move. I’ve been trading btc since 2021 and have seen these type of situation several times there’s nothing to be panic about. And please try to zoom out chart and trade on daily or 4hr tf. BTC respects support and resistance levels of htf. Trade 1: if BTC holds support @ 92,000 on daily timeframe than Long with target @ 99,000. Trade 2 : if BTC breaks resistance @ 100,000 than Long with target @ 105,000. Trade 3 : if BTC breaks Support @ 92,000 than it will go down to touch support @ 75,000. It’s holiday season so avoid trading.
by Ats9
DOGE is sitting on a edge!Here we are guys!.....waiting for the next big move... Who knows? Let's go together through some ideas! Price Action: Recent Peak: DOGE reached a recent high around the 0.45 USD mark. Current Price: The price has since dropped to around 0.32 USD. Support and Resistance: Support: The price seems to be finding some support around the 0.32 USD level, as indicated by the recent bounce. Resistance: Key resistance can be seen around 0.39 to 0.45 USD, where previous peaks were formed. Volume: Volume Spikes: There was a significant volume spike during the peak, suggesting strong buying interest at that time. However, the recent drop in price has also seen reduced volume, indicating a possible consolidation phase. Moving Averages: EMA (Exponential Moving Average): The price has dipped below the EMA, which often acts as a bearish signal in the short term. The EMA appears to be around 0.39 USD, acting as dynamic resistance. Trend Analysis: Downtrend: After reaching the peak, DOGE has been in a downtrend, characterized by lower highs and lower lows. Potential Reversal: The recent consolidation and slight bounce off the support might indicate a potential reversal if the price can break above the EMA. Prediction: Short-term (Next Week): Bullish Scenario: If DOGE breaks above the EMA (0.39 USD) with increased volume, it could target the previous resistance around 0.45 USD. A stop-loss could be placed just below the recent low at 0.31 USD to manage risk. Bearish Scenario: If the price fails to break above the EMA and continues to show weakness, it might test lower support levels around 0.27 to 0.24 USD. A stop-loss in this case could be set just below the 0.31 USD mark. Medium-term (Next Month): Consolidation: Given the recent volatility, DOGE might enter a consolidation phase, trading between 0.32 and 0.39 USD before making a decisive move. Breakout Potential: A breakout above 0.39 USD could signal a continuation of the uptrend, targeting higher levels around 0.45 to 0.50 USD. Conversely, a breakdown below 0.32 USD might lead to further declines, testing the 0.27 to 0.24 USD range. Long-term (Next Quarter): Market Sentiment: The long-term outlook will largely depend on broader market sentiment towards cryptocurrencies, especially given Dogecoin's history of being influenced by social media trends and broader crypto market trends. Fundamental Factors: Any significant announcements or developments related to Dogecoin's utility or adoption could impact its price significantly. Conclusion: Based on the current chart, Dogecoin appears to be at a critical juncture. The immediate support at 0.32 USD and resistance at 0.39 USD are key levels to watch. A break above or below these levels with confirmation from volume could provide clearer direction. For traders, setting clear profit targets and stop-loss levels around these key areas would be prudent to manage risk effectively.
by Onbudget
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