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Support and Resistance

Geopolitical Tension May affect Gold's Outlook!Gold is traditionally considered a safe haven, with prices often rising during geopolitical tensions as investors seek safe security. Will this scenario play out with the U.S. involvement in the Israel-Iran conflict? Gold is currently trading at a high of 3,368.75 and remains in a range. However, in times like this, technical analysis might take a back seat, as geopolitical developments could overshadow any technical setup. N.B! - XAUUSD 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 #gold #xauusd
OANDA:XAUUSD
by BullBearMkt
Bullish potential detected for TLCEntry conditions: (i) higher share price for ASX:TLC along with swing up of the DMI indicators and swing up of the RSI indicator, and (ii) observation of market reaction at the support/resistance level at $5.31 (from the open of 12th May). Stop loss for the trade would be, dependent of risk tolerance (once the trade is activated): (i) below the support level from the open of 21st November (i.e.: below $5.05), or (ii) below the recent swing low of 3rd June (i.e.: below $4.96).
ASX:TLCLong
by Ivory_Wolf
BTC - Macro RSI analysisHello 👋 Weekly TF Bearish divergence currently playing out. Observing the uptrend (dotted white line) we did see a brief break below this trendline in April. Another break could result in a correction to 67.5K - 69.9K price range which is the 618 fib and an area where price found resistance on multiple occassions. Bitcoin has found support on the Weekly RSI @ 45 (yellow dashed line). I think if we lose this level we would see BTC moving into oversold territory. The daily RSI was also recently "overbought".
BINANCE:BTCUSDShort
by Strength_in_numbers
Bearish potential detected for BAPEntry conditions: (i) lower share price for ASX:BAP along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $4.82 (close of 18th June). Stop loss for the trade would be: (i) above the high of the recent swing high once the trade is activated (currently $4.92 from the high of 19th June), or (ii) above the prior resistance zone of $4.87 from 8th November 2024, depending on risk tolerance.
ASX:BAPShort
by Ivory_Wolf
BTCUSD Analysis | is 100k the Next Target?🔍 Chart Breakdown: Price previously formed a range under key resistance at $108,800. A Triangle Pattern emerged after a sharp rejection from the resistance zone. The recent breakdown from this pattern signals bearish momentum. Support Level: $100,513 — Key level to watch for a potential bounce or further breakdown. 📊 Scenarios to Watch: 🔴 Bearish Case (Preferred): Breakdown continuation below $104,000 could trigger a move toward the $100,500 support. Clean rejection from triangle breakdown area confirms the bearish structure. 🟢 Bullish Case (Less Likely): If BTC holds above $104,000 and breaks above the mid-range zone (~$106,500), a retest of $108,800 is possible. Watch for fakeouts at the top of the range. 💡Trade Ideas: Short opportunities on breakdown retest or rejection from $106,000–106,500. Potential long only if $108,800 is broken with strong volume confirmation. 🛑 Risk Management: Always use stop-loss. Monitor BTC dominance and macro sentiment for confluence. 💬 What do you think? Bearish breakdown or fakeout trap? Let’s discuss below!
BINANCE:BTCUSDShort
by James-Pipstr
BITCOIN → Possibility of retesting 100K. Buyer weakeningBINANCE:BTCUSDT.P is in consolidation after the rally stalled due to the exhaustion of the bullish driver. The price updates local lows and starts looking at 100K Bitcoin is under pressure after the escalation of conflict in the middle east and after the FOMC speech. There is also another observation: large companies, politicians, funds and investors have long and aggressively motivate the crowd to buy, verbally confirming that they bought dozens and hundreds of bitcoins at a time for the balance, but bitcoin is standing still and updating lows. At the same time, various services such as "cryptorank" fix bullish sentiment at the lows. The market either lacks liquidity or something more unpredictable is happening (chart drawing????) Technically, bitcoin is following the behavior of the SP500 quite strongly, which closes Friday's session quite weak and close to key support, which could trigger a continuation of the decline. Bitcoin won't stay on the sidelines and could also follow the index.... Resistance levels: 104K, 105K, 106K Support levels: 102K, 100.6K, 97.5K The price is coming out of the “symmetrical triangle” consolidation breaking the support, thus confirming the bearish mood. After a small correction after a false breakdown of 102500 the price may again return to storm (retest) the level under market pressure, which will only strengthen expectations of further decline. The target is liquidity 100600 - 100K. From 100K rebound and growth is possible. Regards R. Linda!
Short
by RLinda
38
Bitcoin and the descending channel it consistently followsAccording to the UTC+3 time zone, there is a Bitcoin channel between the 23:00 and 03:00 candles on May 21, which uses the width of the channel (the yellow channel). If we copy the same channel and place it at the upper wick of the 15:00 candle on May 27, we get the green channel. Similarly, by copying the yellow channel and aligning it with the lower wick of the 03:00 candle on May 22, which is one of the first two white candles at the start of the channel, we get the orange channel. The blue channel, on the other hand, is my prediction. In addition, not only the 0 and 1 points (solid line) of the channels but also the 0.5 (short line), 0.25, and 0.75 (dotted lines) levels act as support and resistance.
by Oktay_KRC
1
$BTC Breaks Key Support – Bearish Signal Bitcoin has lost the CRYPTOCAP:BTC Breaks Key Support – Bearish Signal Bitcoin has lost the critical 50 EMA on the daily chart, which has historically acted as a strong support level. This breakdown mirrors the 2021 double top structure and is now hinting at a deeper correction. 🔸 Key Support Zone at $100,000: Losing this zone increases downside risk. If $100K fails to hold, next visible supports are at $96K and $91K, aligning with past consolidation zones. 🔸 Risk Level at $104,500: A daily close back above $104.5K would invalidate this bearish view and indicate strength recovery. 🔸 Outlook: Wait for further confirmation below $100K for potential short setups. Avoid long entries until clear reversal signs appear.
Short
by CryptoSkullSignal
Wait for the key points to be confirmed before taking actionThe trend of gold on Friday is still in line with my analysis. Before the market opened, I suggested that gold would rebound from the bottom. Considering the resistance level, I would arrange short orders with a light position. I clearly emphasized that I should not chase short orders at low levels. The actual market price fluctuated upward after hitting the 3340 line at the lowest point, and maintained a range-bound fluctuation pattern as a whole. We arranged long orders in batches at 3342-3353, successfully stopped profit near 3358, reversed shorting, and stopped profit again at 3342. After that, the market hit the top again and was blocked. Short orders were arranged at 3370-3375. It is not recommended to hold positions over the weekend. I have already left the market with a small profit near 3365. Although there was no significant breakthrough, all ended with profit, but it was quite satisfactory for Friday's market. News: Gold prices were stable on Friday, but fell 1.8% this week. It closed at 3368. The latest Federal Open Market Committee (FOMC) statement reinforced the Fed's cautious stance, keeping interest rates in the 4.25%-4.50% range. However, the statement also lowered the number of expected rate cuts this year, which put downward pressure on gold prices. In addition, U.S. Treasury yields did not change much but rose slightly, reflecting the stabilization of market risk sentiment. The 10-year Treasury yield rose by more than 2 basis points to 4.421%, and the 30-year Treasury yield rose to 4.924%. Rising yields often put pressure on non-yielding assets such as gold, further suppressing the upward momentum of gold prices. The Fed's failure to immediately launch an easing policy, coupled with a stronger dollar and a reduced urgency of geopolitical risks, have all exacerbated selling pressure. Unless tensions escalate again or the Fed unexpectedly turns, short-term gold price forecasts point to further weakening. The price of gold has rebounded since it fell from its historical high of 3500 to 3120， After continuous rise, due to the decline of risk aversion in the market, it fell under pressure at 3452. It rebounded to 3340 on Friday. The K-line combination arrangement was bearish. The 4H chart showed a stop-loss signal. It is expected that the market will consolidate below 3400 in the short term. In the medium term, attention should be paid to the geopolitical crisis and the July interest rate decision of the Federal Reserve. It will break through the node after confirming the upper resistance of 3400. In the short-term 4-hour chart, the lower support is around 3340-3345, and the upper short-term resistance is around 3380-3385. Focus on the suppression of the 3400-05 line. The overall idea of ​​​​retracing back to long positions remains unchanged, and the middle area is mainly kept on the sidelines. Be cautious in chasing orders and wait patiently for the key points to be confirmed before intervening. If the upper resistance is not broken, you can still consider light positions to arrange short orders, and pay attention to the bottom for the specific entry point.
OANDA:XAUUSDLong
by TP_Daniel
1
Bitcoin Expecting Relief moveBitcoin Poised for 109K Bitcoin is showing resilience around the key psychological support level of 100K which appears to be holding firm despite recent volatility. The current price action reflects a complex consolidation pattern, but overall sentiment remains bullish, driven in part by ongoing geopolitical tensions that are boosting Bitcoin’s appeal as a safe-haven asset. If this support holds, the structure suggests a potential move toward the next resistance level at 109K. You may find more details in chart Ps Support with like and comments for more analysis.
Long
by MrMartin_11
Birlasoft Ltd (BSOFT) – Long-Term Technical Analysis (TF-1D)📊 Chart Pattern Observed: • The stock is forming a symmetrical triangle pattern, a consolidation pattern often leading to a breakout. • Points A-B-C form higher lows, showing long-term support. • The upper resistance lies near ₹739.90, indicating a potential breakout target. ⸻ 📉 Current Price: • ₹421.40, which is just above the highlighted “Best Buying Range” zone. ⸻ 🟨 Best Buying Zone: • Marked between ₹387.25 and ₹351.25. • This zone is close to the lower trendline support (rising support), making it an ideal accumulation level. ⸻ 📈 Upside Potential: • If the stock sustains above the trendline and continues the triangle structure, it may head toward the ₹739.90 level. • A breakout above ₹739.90 could trigger a strong upward move. ⸻ 🔍 Momentum & RSI: • The RSI is at 43.28, which is near the lower end — suggesting the stock is neither overbought nor oversold. • Good for long-term entry if bullish confirmation appears. ⸻ 📌 Key Support Levels: • ₹387.25 (first support) • ₹351.25 (strong support) 🚀 Key Resistance: • ₹739.90 (major breakout level) ⸻ 📝 Conclusion: Birlasoft is currently in a long-term consolidation phase within a symmetrical triangle. The current price is above a strong support zone, making it a good risk-reward entry for long-term investors, especially between ₹387–₹351. A breakout above ₹740 could signal a major bullish rally. ⚠️ Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered advisor. Please consult your financial advisor before making any investment decisions.
NSE:BSOFTLong
by Alpha_strike_trader
HYPE Long-short-Long planHYPE is good for the short-term long-position at this moment, as it could go as far as 40 from 34.18 to form a Second shoulder. But it will not sustain over there, and will come down to 22. There could be another possibility that it may come between 28-29 and form shoulder 2, and then come back to 22. I will only enter a long position when it takes support from 28 or 22. Future traders may see short opportunities near 40-41. You will have to wait for price rejection at 40-41. If it fails these 2 support areas, then I will look for 15-16.
Long
by aqma