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Support and Resistance

XAU/USD (GOLD) – Potential Bullish Continuation After ConvergenOn the 1H chart, we are currently observing a potential bullish continuation setup forming on XAU/USD. Here’s a detailed breakdown: 🔍 1. AO Bullish Convergence The Awesome Oscillator (AO) shows a clear bullish convergence, suggesting momentum is building in favor of the bulls. This typically signals a potential continuation of the uptrend, especially when paired with structural confirmations. 🌀 2. Elliott Wave Count Wave 1, 2, and 3 are already established on the chart. Price is currently retracing, potentially forming Wave 4, with Wave 5 yet to be completed. The retracement aligns with classic Fibonacci levels, with a potential bounce zone forming at the 1.618 fib extension near 3330–3327, which also acts as a strong SNR zone (support now after previous resistance). 📊 3. Break of Structure (BOS) A clear Break of Structure (3351) confirms bullish intent after wave 3. Price retracement toward the 1.618 zone could present a buying opportunity, as long as this level holds. 🧭 4. Entry Strategy ✅ Buy Bias: Watching for price to enter 3330–3327 zone (1.618 fib + SNR zone). Confirmation needed: Look for another BOS within this zone before entering long. If BOS forms inside this area, we can anticipate a continuation into Wave 5 toward the 3,375 and beyond. ❌ Invalidation: Setup will be considered invalid if price breaks and closes below the 1.618 zone (3327). This would invalidate Wave 4 support and could signal a deeper correction or trend reversal. 🎯 Target Projection: If the setup holds, potential Wave 5 target is projected toward the top zone near 3,410–3,420, based on fib extension and previous price action. 📌 Conclusion: This is a classic bullish Elliott Wave continuation setup backed by AO convergence and structural confluences. Patience is key—wait for BOS confirmation at the 1.618 zone before entering. Always manage risk, especially near fib extension zones. 📅 Published on: July 14, 2025 📍 Timeframe: 1H 💬 Feel free to share your thoughts or setups below. Trade safe!
TVC:GOLDLong
by AwesomeOscDad
Verizon May Be Rolling OverVerizon Communications has been rangebound for more than a year, and now some traders could think it’s rolling over. The first pattern on today’s chart is the May 2022 low of $45.55. VZ fell below that level in late 2022 and rebounded to it by mid-2024. The stock has been stuck below the same level since, including a rejection in March. Has old support become new resistance? Second, prices have slipped below the 50- and 200-day simple moving averages (SMAs). The two SMAs are also close to each other. Those points may reflect weakening longer-term trends. Third, the telecom stock has made lower highs since April -- even as the broader market broke out to new all-time highs. Next, VZ just had its lowest weekly close since February. The 8-day exponential moving average (EMA) is also below the 21-day EMA. Those points may suggest that bearishness is taking hold in the short term. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:VZ
by TradeStation
Beware of the market's trap of luring more investors, short 3335Regarding recent trading strategies, I believe you have also seen my trading win rate. I often inform the future trend of gold several hours or even days in advance, because my many years of trading experience have made me an excellent poisonous wolf in the trading market. Now I see a lot of bullish voices in the market, but my wolf’s sense of smell has discovered danger signals. In the short term, I think that without the influence of news, the market needs to digest the overbought momentum of the bulls. From the 4H chart, the middle track of the Bollinger Band is at 3332, which is very close to the strong support of 3330 given by us during the day. Therefore, I think that at least within 4 hours, gold will fall back to test the support below 3340-3330, or even 3320. Since most people want to follow the crowd, let them go. They will only fall into the trap set by the market. Let's prove with facts whether following the wolf pack will make you hungry or well fed. OANDA:XAUUSD
OANDA:XAUUSDShort
by HuntingWolves
3
Nifty has taken support at 25K but can the support hold?Nifty today took a meaningful support at 25001 and bounced close to 25082. However ending the was in the negative by 67.55 points. RSI today went as low as 13.52 indication of oversold market. IT was a major drag after result that market did not like. Now the resistances in front of Nifty are at 25106, Father Line Resistance at 25106, 25234, Mother Line Resistance at 25297, 25403 and finally 25543. Supports for Nifty remain at 25K, 24866 Chanel Bottom support and finally 24752. Below 24752 Bears can totally take control of the market if we reach there. Things are in balance right now with Mid-cap, Small-cap starting to see some buying. If IT can hold the levels we will see growth from here. If IT index further caves in and other indices do not support we can see a down side. Shadow of the candle right now is neutral to negative. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to spike down into potentially the extension level 3310 and then give us the tap and bounce we wanted to be able to capture the long trade in to the 3345-50 region initially. It was those higher resistance levels that we said we would stick with and the bias was bearish below. This move resulted in a decent long trade upside into the region we wanted, and then the decline we witnessed mid-week completing all of our bearish target levels which were shared with everyone. On top of that, we got the bounce we wanted for the long trade but only back up into the 3335 level which was an Excalibur active target. The rest, we just sat and watched on Friday as unless we were already in the move, the only thing we could have done is get in with the volume, which isn’t a great idea with the limited pull backs. All in all, a great week in Camelot not only on Gold, but also the other pairs we trade with the DAX swing trade being a point to point swing move executed with precision by the team. So, what can we expect in the week ahead? We’ll keep it simple again this week but will say this, there seems we may see a curveball on the way this week. With tariff news over the weekend we may see price open across the markets with gaps, one thing we will say is if you see these gaps, don’t gap chase until you see a clean reversal! We have the higher level here of 3375-85 resistance and lower support here 3350-45. If support holds on open we may see that push upside into the red box which is the one that needs to be monitored. Failure to breach can result in a correction all the way back down into the 3335 level initially. Again, this lower support level is the key level for this week and needs to be monitored for a breach which should then result in a completed correction of the move. Our volume indicators are suggesting a higher high can take place here and if we do get a clean reversal we should see this pull back deeply. As usual we will follow the strategy that has been taught and let Excalibur guide the way. KOG’s bias for the week: Bullish above 3350 with targets above 3360, 3373, 3375 and 3383 for now Bearish below 3350 with targets below 3340, 3335, 3329, 3320 and 3310 for now RED BOX TARGETS: Break above 3365 for 3372, 3375, 3382, 3390 and 3406 in extension of the move Break below 3350 for 3340, 3335, 3329, 3322 and 3310 in extension of the move It’s a HUGE RANGE this week so play caution, wait for the right set ups, don’t treat it like it’s your every day market condition. News from Tuesday so expect Monday to be choppy! 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
29
EURUSD Testing Patience – Bearish Trend Not Over YetEURUSD – Overview EURUSD continues to trade under pressure amid bearish momentum, respecting key technical levels. The price maintains bearish momentum as long as it trades below 1.1745, with downside targets at 1.1627 and 1.1557. A retest of 1.1745 is possible and considered normal in this structure. However, if the price stabilizes below 1.1684, it will likely continue dropping toward the support targets. To shift back to a bullish bias, the pair must break and hold above 1.1745. Pivot Line: 1.1695 Support Levels: 1.1627 – 1.1557 Resistance Levels: 1.1745 – 1.1810 previous idea:
Short
by SroshMayi
Gold bulls explode to new highs 💡Message Strategy Gold prices hit a three-week high near $3,375 an ounce in early trading on Monday before retreating. Gold prices are under selling pressure again as buyers failed to sustain higher levels hit earlier on Monday. Gold prices hit a three-week high in early Asian trading on Monday, supported by safe-haven demand after U.S. President Trump threatened to impose 30% tariffs on imports from the European Union and Mexico. Gold prices encountered resistance just below the 23.6% Fibonacci retracement of April’s record rally at $3,377 an ounce in early Asian trading on Monday. Despite the pullback, the 14-day relative strength index (RSI) continues to show additional upside as the indicator is well above its midline, currently near 54.20. 📊Technical aspects Gold 4H chart. From the perspective of the morphological structure, gold has recently been rising in lows, and has been oscillating upward along the rising trend line, moving out of the standard rising trend wave rhythm. On Friday night, the bulls once again made a strong effort to break through the key pressure level of 3345.0, further opening up the bullish upside space, and the market outlook continues to see the bullish continuation of the market. According to the comprehensive MACD indicator, the fast and slow lines are running above the 0 axis, indicating that the bullish power dominates the market trend. In terms of strategy, it is recommended to follow the bullish rebound wave trend to find support levels and ambush long orders. 💰Strategy Package Long Position:3335-3340，SL：3320，Target: 3390-3400
TVC:GOLDLong
by TheodoreSilas
BRETT | Bullish StructureThe BRETT/USDT daily chart shows a significant bullish development as price has successfully reclaimed the 90-day VWAP (orange line) around $0.05802. This reclaim represents a crucial shift in market sentiment after months of consolidation. Key Technical Observations: Price broke above the 90-day VWAP with strong momentum RSI showing healthy bullish momentum without being overbought Price action suggests buyers are regaining control Price Targets: First resistance zone: $0.08000 (previous consolidation area) Second resistance: $0.13000 (major resistance level marked in red) Risk Considerations: A daily close back below the 90-day VWAP would invalidate the bullish thesis The breakout needs sustained volume to confirm the move Previous resistance around $0.08000 could provide temporary selling pressure The reclaim of this key VWAP level often signals the beginning of a new uptrend phase, making this an interesting development for momentum traders.
Long
by taika808
Crude oil awaits upward breakthrough 💡Message Strategy Inventory data provides short-term support, but it is difficult to change the trend Although oil prices are under pressure overall, inventory data released by the U.S. Energy Information Administration (EIA) show that as of last week, U.S. gasoline and distillate inventories have dropped significantly, while gasoline consumption has increased by 6% month-on-month to 9.2 million barrels per day, indicating that the summer driving peak has brought short-term positive factors. In addition, global aviation demand has also become an important variable to boost market sentiment. JPMorgan Chase pointed out in a client report: "In the first eight days of July, the global daily number of flights reached an average of 107,600, a record high, among which aviation activities in Asian countries have recovered to the peak in nearly five months." The bank also expects that the average daily global crude oil demand growth this year will be 970,000 barrels, which is basically consistent with its forecast of 1 million barrels at the beginning of the year, indicating that although the consumption end is under pressure, it has not yet experienced a cliff-like decline. 📊Technical aspects The short-term (4H) trend of crude oil breaks through the upper resistance of the range and runs in an upward trend. The moving average system is arranged in a bullish pattern, and the short-term objective trend direction is upward. The MACD indicator opens upward above the zero axis, and the bullish momentum is sufficient. The oil price fluctuates in a narrow range, and it is expected that the crude oil will continue to rise. In terms of operation, crude oil is mainly long at a low level. If it rises to the target point, the direction will be selected according to the pattern and continued attention will be paid. 💰Strategy Package Long Position:65.50-66.50，SL：64.00，Target:69.00-70.00
TVC:USOILLong
by TheodoreSilas
USDJPY: Bearish Divergence – Eyeing Shorts to 143 CAPITALCOM:USDJPY We’re seeing strong bearish divergence in USDJPY near the 148 resistance zone, shifting our focus to short opportunities with a medium-term target at 142. 📈 Trading Plan: 🔻 SELL Stop: 147.040 ❌ Stop Loss: 149.220 ✅ Take Profit: 143.000 (Click 👉 Trade Now 👈 on your mobile to copy SL & TP easily) 🔍 Why am I short here? ✅ Technical: Clear bearish divergence on the H4 (RSI & MACD), indicating potential reversal signals. ✅ Resistance Zone: Price is testing the key 148 resistance, providing an ideal risk-reward location for shorts. ✅ Macro Event: Ahead of tomorrow’s US CPI release, a conservative trade structure is maintained to manage volatility risks. 📰 Fundamental Snapshot: Japan’s economy shows signs of stabilization: Core machinery orders fell only 0.6% MoM in May to ¥913.5B, much better than April’s -9.1% and forecasts of -1.5%. Despite the headline decline, it indicates resilience in Japan’s capital spending, supporting the JPY’s medium-term outlook amid global trade and growth risks. Trade cautiously!
Short
by ProfessorSingapore
1
EURAUD Rebound From 1.77200 is High ProbabilityEURAUD has reached a key support zone near 1.77200, aligning with the ongoing bullish global trend. The current price action appears to be a correction phase, particularly influenced by short-term weakness in the Euro. According to technical chart conditions, this correction is likely nearing completion. If the 1.77200 support holds, it could serve as a strong buy entry point, then upside target will be 1.79000 and 1.80020 You can see more details in the chart. if you like this idea if you have on Opinion about this analysis share in comments
Long
by MrMartin_11
13
WTI Oil – From Conflict to StrategyBack on April 24, I marked a short zone. On June 11, price broke above that level, giving a long opportunity — which I took. Unfortunately, it coincided with the tragic military strike by Israel on Iran, pushing oil sharply higher. I’ve pinned that analysis. Following the ceasefire, price dropped again — just a reminder that geopolitics can shake the charts. As traders, we stay prepared to act, even while acknowledging the deep sadness of lives lost. Now I wait for price to reach my marked level again. If I get a valid signal, I’ll short. But if price breaks and holds above, I’ll buy the pullback — with no bias, just pure execution. Risk-managed. Emotion-neutral. Opportunity-focused.
BLACKBULL:WTIShort
by ForexCSP
3
SPX500 Formed false breakout Bearish Bias 6,205 SP500 Short-Term Bearish Bias The SPX500 remains under pressure as it trades below the key resistance level of 6260. Price action suggests a potential rejection from this resistance, signalling a continuation of downside momentum. This bearish sentiment is further fuelled by recent tariff escalations by President Trump, which are weighing heavily on investor sentiment across global indices. You can see more details in the chart Ps Support with like and comments for more analysis Thanks for supporting.
VANTAGE:SP500Short
by MrMartin_11
16
XAUUSD Bullish Trend Fallowing the chart condition Gold continues its bullish trajectory, showing potential for an extension towards the 3400 level, driven by geopolitical concerns and dovish central bank sentiment. Recent tariff related comments from former President Trump have reignited global trade tensions. Fed Chair Powell's recent remarks suggest a cautious stance on future rate hikes, reinforcing bullish sentiment in precious metals. Technical Overview: Last Friday, XAUUSD reached the 3368 resistance zone, a critical level where price may consolidate. Momentum remains strong, and if the price breaks above this zone with volume confirmation, the next leg could target 3380–3400 However, caution is advised: if the price falls below 3342, but then regains ground quickly, it may still continue in the bullish trend. You may find more details in the chart Ps Support with like and comments for more analysis.
FX:XAUUSDLong
by MrMartin_11
11
THOUGHTS ON GBP/USD GBP/USD 30M - As you can see above price has traded us down and into an area of interest we have marked out from this weeks Sunday Sessions video. Now price has traded us down and into this zone we are expecting enough Demand to be introduced to encourage price to flip balances and instigate the new higher timeframe Impulse. As you are all aware this market is predominantly bullish and up to now has been putting in a bearish corrective wave, this could be the point of reversal and somewhere I feel we could go long from. Its a case of waiting for a break in structure to confirm this reversal, once we have this break, price tells us that now Demand is in power and we can expect longer term bullishness, giving us the opportunity to buy in.
Long
by Lukegforex
NASDAQ at Risk – Tariffs Pressure Tech IndexUSNAS100 – Market Outlook The index is currently in a sensitive zone, heavily influenced by ongoing tariff tensions. If the current geopolitical pressure continues, it may fuel bearish momentum across the tech-heavy index. To regain a bullish outlook, we need to see signs of negotiation or de-escalation, which could stabilize the price and lead it toward 23010 and 23170. However, as of today, the market appears to be setting up for a correction, potentially dipping to 22815, followed by a deeper bearish move targeting 22420. Support Levels: 22615 – 22420 Resistance Levels: 22905 – 23010
OANDA:NAS100USDShort
by SroshMayi
1
DeGRAM | EURGBP broke out of the descending channel📊 Technical Analysis ● Price has punched through the month-long descending-channel roof and is holding the break, carving a tight bullish flag along a fresh up-trend line. ● Rebound from the 0.861 demand created an inverted H&S; its 1 : 1 projection aligns with the 0.8681 pivot and the March high at 0.8703, while RSI remains mid-range, leaving upside fuel. 💡 Fundamental Analysis ● Softer UK wage-growth and uptick in jobless claims revived talk of an August BoE cut, whereas a surprise rise in the Euro-area ZEW expectations index hints at stabilising growth, nudging rate-differential momentum toward the euro. ✨ Summary Long 0.8650-0.8665; sustained trade above 0.8640 targets 0.8680 → 0.8703. Invalidate on an H1 close below 0.8610. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
1