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Support and Resistance

Gold maintains bullish trend 💡Message Strategy Gold rebounded in shock before the US market, and the market rose. Previously, gold recorded the largest single-day drop in a month (1.4%) on Monday. After the sudden situation in the Middle East and US President Trump's warning to Tehran, the market's risk aversion demand heated up again, pushing gold prices to rebound in the Asian session. The two-day interest rate meeting of the Federal Reserve has also become the top priority of the market. Tensions in the Middle East have heated up again. According to Reuters, Israel's air strikes on Iran's state-run TV station, Iran's threats to launch the most violent missile attack in history, and the fire of three oil tankers near the Strait of Hormuz have caused market concerns about the escalation of geopolitical conflicts. US President Trump left the G7 summit early and convened a national security meeting, which increased market risk aversion. At the same time, ETF holdings have increased significantly. Data shows that ETFs increased their gold holdings by 136,000 ounces on the previous trading day, and the net purchase volume has reached 6 million ounces this year, reflecting that funds still have strong confidence in the future of gold. SPDR Gold ETF recorded a single-day net inflow of US$285 million last Friday, the largest scale in weeks. In the US macroeconomics, the market generally expects the Federal Reserve to keep interest rates unchanged this week, but the focus is on Powell's speech and changes in the dot plot. As expectations of further interest rate cuts in 2025 heat up, the US dollar is still under pressure near a three-year low, and analysts believe that this will form structural support for gold in the medium term. 📊Technical aspects The gold daily candlestick chart shows that the current trend is in a typical "rising wedge" pattern. Prices have been rising steadily along an upward trend line this year, while the upper side is suppressed by strong resistance in the 3420-3430 area. The current market is in a wait-and-see state. The current gold market sentiment is in a "highly sensitive" stage. On the one hand, risk aversion once pushed gold to rebound rapidly, reflecting the market's extremely high pricing sensitivity to geopolitical risks; on the other hand, traders are still uncertain about the outlook for the Fed's policy, and the expectation that interest rates will remain unchanged has been fully priced in, but there are large differences in the future path of interest rate cuts. If the results of the FOMC meeting are hawkish or Powell sends a signal that there will be no interest rate cut, and the market's risk aversion sentiment eases, gold may fall back to the key support area of ​​​​3350-3360 US dollars. Traders are closely watching the changes in the Federal Reserve's monetary policy and geopolitical situation, and at the same time be alert to the risks of "false breakthroughs" and sharp pullbacks. 💰 Strategy Package Trend: Upward trend Support: Around 3360.00 Resistance: Around 3420.50 Long Position:3365-75 Stop loss at 3350, take profit around 3400-3420, and trailing stop loss of 300 points.
TVC:GOLDLong
by TheodoreSilas
Falling below 3380,testing 3365,the low position remains bullish📰 Impact of news: 1. Geopolitical tensions in the Middle East 2. Iran nuclear talks 3. Retail sales data 📈 Market analysis: After rebounding to the 3400 line, gold encountered resistance and fell back to test the support level of 3380. Although it was very close to the point of 3405 we gave, I did not enter the trade because gold has been in the middle section in the short term and has not rebounded to the ideal point. There are too many long orders at high levels in gold. The international situation is so tense that gold is still slowly declining, but the geopolitical situation is still continuing. In addition, the retail sales data is bullish. Then, as the trading strategy given at noon, it is expected to test the short-term support of 3365-3355 below. I will consider going long in this range 🏅 Trading strategies: BUY 3365-3355 TP 3380-3390-3400 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
Tron (TRX) Price Prediction: Nasdaq Deal Fuels Bullish ForecastThe $210 Million Nasdaq Rumor: Deconstructing the Hype for a Realistic Tron (TRX) Price Prediction In the volatile theater of cryptocurrency, headlines can ignite market-moving frenzies, and few have been as potent as the recent whirlwind of news surrounding Tron (TRX). The prospect of a planned Nasdaq listing via a $210 million reverse merger, intertwined with the enigmatic presence of the Trump family, sent shockwaves through the community, promising a new era of mainstream legitimacy and sparking wildly bullish price predictions. However, as the dust settles, a clearer, more nuanced picture emerges—one that separates explosive rumors from the fundamental drivers that will truly dictate the future of Tron's price. The core of the excitement stemmed from a strategic deal involving SRM Entertainment, a Nasdaq-listed company specializing in theme park merchandise. In a stunning pivot, SRM announced it would rebrand as Tron Inc., initiate a substantial TRX treasury funded by a $100 million private equity investment, and appoint Tron's founder, Justin Sun, as an adviser. This "reverse merger" was widely interpreted as a backdoor for the Tron blockchain to gain a coveted spot on a major U.S. stock exchange, a move that would grant it unprecedented access to traditional capital and validation. Adding a layer of political intrigue, the deal was facilitated by an investment bank where Eric Trump and Donald Trump Jr. serve on the advisory board. This confluence of high finance, crypto ambition, and political association created a perfect storm for speculation. The stock price of SRM Entertainment skyrocketed over 500%, and the price of TRX saw a notable jump. However, the narrative quickly became more complex. Eric Trump clarified his position, denying any direct "public involvement" in the new company, despite expressing his admiration for Justin Sun and their established business connections. While the deal with SRM Entertainment is very real, its direct implications for the TRX token are more complex than a simple "Nasdaq listing." The transaction is for the corporate entity, which will hold TRX in its treasury, not for the decentralized TRX asset itself to be traded on Nasdaq like a stock. This distinction is critical. The move provides Tron with a publicly-traded vehicle and significant capital, but the ultimate value of TRX still hinges on the utility and adoption of the Tron network itself. Therefore, a realistic price prediction must look beyond the initial hype and analyze the bedrock of Tron's fundamentals. Deconstructing the Hype: The Nasdaq Deal and Trump Connection The plan for SRM Entertainment, a Florida-based supplier of toys and souvenirs, to morph into Tron Inc. is a masterclass in financial engineering. Through a reverse merger, a private company (in spirit, Tron) can go public by merging with an existing publicly-traded company (SRM), bypassing the rigorous and lengthy process of a traditional Initial Public Offering (IPO). The deal, valued at up to $210 million upon full exercise of warrants, involves SRM receiving a $100 million equity investment from a private investor to initiate a "TRX Treasury Strategy." This strategy mirrors the approach of companies like MicroStrategy with Bitcoin, where the public company's assets are heavily invested in a specific cryptocurrency, making its stock a proxy for that asset. With Justin Sun serving as an adviser, the new Tron Inc. plans to implement a TRX staking program and even a dividend policy for its shareholders, further intertwining its fate with the Tron ecosystem. The involvement of the investment bank brokering the deal brought the Trump name into the headlines. Eric Trump and Donald Trump Jr.'s roles on the bank's advisory board led to speculation about their involvement in the new Tron Inc. However, Eric Trump later clarified his position, separating his personal and business relationships from a formal executive role in the public venture, though the connection undeniably added to the initial media frenzy. Beyond the Rumors: Tron's True Fundamental Strengths With the Nasdaq hype contextualized, the real question for investors is: what is the intrinsic value of the Tron network? The answer lies in its undeniable dominance in one of the most crucial sectors of the digital economy: stablecoins. The Undisputed King of USDT The Tron network has become the world's primary settlement layer for Tether (USDT), the largest stablecoin by market capitalization. The network hosts over $78 billion in USDT, a figure that has surpassed the amount on its main rival, Ethereum. This dominance is not accidental. Tron's architecture, which allows for high throughput and extremely low transaction fees, makes it the preferred network for USDT transfers, especially for retail users and in emerging markets. During a single month in mid-2025, the Tron network processed over $694 billion in USDT transfers through nearly 90 million contract interactions. The vast majority of USDT holders on Tron are retail users with balances under $1,000, highlighting the network's deep penetration into everyday peer-to-peer and remittance use cases. This immense and consistent utility generates real, sustained demand for the network, forming the most solid pillar of its valuation. A Growing DeFi and dApp Ecosystem While stablecoins are its main draw, Tron's Decentralized Finance (DeFi) ecosystem is also substantial. The network holds a Total Value Locked (TVL) of over $8 billion, placing it among the top layer-1 blockchains. Platforms like the lending protocol JustLend and the decentralized exchange SunSwap are key contributors to this activity. The network has processed over 10.5 billion transactions from more than 313 million user accounts, demonstrating a vibrant and active user base. Although a recent decline in TVL from its peak and slowing DEX volume has been observed, the sheer number of daily active users and transactions suggests a pivot towards non-DeFi dApps and peer-to-peer transfers, reinforcing its utility beyond pure financial speculation. Tron (TRX) Price Prediction: Technical Analysis and Future Outlook Given the strong fundamentals, particularly its role as the leading stablecoin platform, what can be expected from the TRX price? Technical Indicators As of mid-2025, TRX has shown resilience. Technical analysis reveals a generally neutral to bullish sentiment. The price has been consolidating in a horizontal channel, with key resistance and support levels being closely watched. Bullish signals, such as a "golden cross" and a bullish MACD crossover, suggest potential for upward momentum. A key indicator of its potential is its market-cap-to-TVL ratio, which, at 0.26, suggests the coin may be significantly undervalued compared to the value of the assets secured on its network. Price Forecasts for 2025 and Beyond Price forecasts for the end of 2025 vary but are generally optimistic, contingent on broader market conditions. • Conservative Outlook: A conservative forecast places the potential price of TRX in a range between $0.18 and $0.35 for 2025. A move toward the upper end of this range would depend on a sustained crypto bull market and continued growth in Tron's user base. • Bullish Scenario: An optimistic forecast suggests that if a full-blown "altseason" takes hold, TRX could surpass its previous highs and target levels between $0.45 and $0.70. Some long-term models even project a path toward $1.00 or higher by 2030, assuming Tron maintains its competitive edge and expands its use cases. • Bearish Scenario: Risks remain. A regulatory crackdown on stablecoins, particularly Tether, could disproportionately impact Tron. Furthermore, a recent $2 billion drop in its DeFi TVL, despite user growth, suggests a potential weakness in its financial ecosystem that warrants monitoring. In a bearish turn, TRX could fall back to support levels around $0.21 or lower. The "100x Gem" Fallacy The headlines promoting Tron's Nasdaq deal were often accompanied by mentions of speculative new tokens like "BTC Bull Token," promising astronomical 100x returns. It is crucial for investors to recognize this as a common marketing tactic that leeches onto legitimate news to promote highly speculative and often worthless assets. The future success of Tron will not be found in chasing such gambles, but in the sustained growth of its core network. The real "alpha" is in understanding the fundamental utility that drives billions of dollars in transactions daily, not in lottery-ticket tokens. Conclusion: A Bullish Continuation Built on Reality, Not Rumor The story of Tron's Nasdaq listing is a potent reminder of the crypto market's susceptibility to hype. While the reverse merger with SRM Entertainment is a significant strategic maneuver that provides Justin Sun's ecosystem with a public-facing entity and a war chest, it is not the magic bullet that guarantees a higher TRX price. The true bullish case for Tron is more mundane but far more powerful. It is the network's unparalleled dominance as the world's preferred highway for stablecoin transactions. This utility provides a constant, powerful demand for the network's resources. As long as Tron remains the fastest, cheapest, and most accessible platform for billions of dollars in daily USDT transfers, its intrinsic value will continue to grow. The Nasdaq deal is a catalyst, but the engine is the ecosystem. Investors looking for a bullish continuation should focus on the steady hum of that engine—the growth in active wallets, transaction counts, and stablecoin volume—rather than the fleeting roar of market rumors. Based on these fundamentals, a steady, upward trajectory for TRX seems not only possible but probable, with the potential to retest and surpass previous highs as the digital asset market matures.
Long
by bryandowningqln
Why I Think GBPUSD Will Sell...Technical AnalysisHey Rich Friends, I hope you're well today. I wanted to share why I think GBPUSD will sell today and maybe more this week. This is only my technical analysis so make sure you check the news and cross reference the indicators you have on your chart. This is what I am looking at: - The market hit a swing high on 4H and has been creating lower highs. - The momentum is picking up for the sellers based on candle bodies. - The stochastic is facing down, the slow line (orange) is on top of the fast line (blue) and both lines have crossed below 50. These are bearish confirmations for me. Additional information: - Wait for the stochastic to cross below 20. - Wait for a break of structure below 1.35320. - I will be setting sell stops so that my trades trigger on the way down. I will set previous highs as my SL and previous lows as my TPs. Good luck if you decide to take this trade! Peace and Profits, Cha
Short
by MoneyMantraCha
Nifty Analysis EOD – June 17, 2025 – Tuesday🟢 Nifty Analysis EOD – June 17, 2025 – Tuesday 🔴 ⚠️ Resistance Rejection at 25K – Pause or Warning Sign? Yesterday’s note rightly anticipated today’s challenge near 25K — and that’s exactly how the session unfolded. Nifty opened at 24,977.85, right inside the critical resistance zone of 24,972–25,000, and formed a near O=H (Open = High) structure. The index quickly lost ground, dropping 135 points within the first hour to mark a day low of 24,813.70, forming a medium-sized Initial Balance (IB) within a wide CPR — conditions known for range-bound or tricky days. Throughout the session, Nifty hovered largely inside the CPR and IB, with a false breakdown attempt around 12:50 PM. Such setups (wide CPR + higher value + medium IB) often result in false moves or low-conviction sessions, and today was no exception. By day’s end, Nifty closed at 24,853.40, logging a modest −93.10 point dip, forming what can be termed as a healthy pullback — but the real test remains. If bulls want to take charge again, they must breach and close above 25,025. On the flip side, if 24,800–24,820 gives way, it could trigger a slide toward 24,725 and 24,660 in the coming sessions. 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Open: 24,977.85 High: 24,982.05 Low: 24,813.70 Close: 24,853.40 Change: −93.10 (−0.37%) 📊 Candle Structure Breakdown Real Body: 124.45 pts → 🔻 Red Candle Upper Wick: 4.20 pts Lower Wick: 39.70 pts 🔍 Interpretation Opened near the day’s high but selling dominated soon after. Small upper wick shows minimal buyer strength; recovery attempts were mild. Lower wick indicates some support emerged at day’s low, but overall tone remained bearish. 🕯 Candle Type 🟥 Bearish Candle – strong real body, minor lower wick — reflects steady intraday selling, though not overly aggressive. 📌 Key Insight Nifty has now rejected the 25K zone two days in a row, turning it into short-term resistance. If 24,800 breaks, expect pressure to mount — next watch: 24,725 → 24,660. Bulls need a close above 25,025 to regain command. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 258.48 IB Range: 131.60 → Medium IB Market Structure: ⚖️ Balanced Trades:🚫 No Trade Triggered by System 📌 Support & Resistance Zones Resistance Levels 24,894 ~ 24,882 24,972 ~ 25,000 25,060 ~ 25,080 25,102 ~ 25,125 Support Levels 24,825 ~ 24,847 24,725 ~ 24,735 24,660 24,590 💭 Final Thoughts Today’s session didn’t break anything major — but it also didn’t conquer anything new.Stuck between major support and resistance, the index is coiling for a move. Bulls have the burden of proof now. 🧠 “Markets don’t pause forever — compression leads to expansion. Be ready when it chooses its direction.” ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Continue to try to short gold，It's expected to touch 3355-3345 Gold has broken through 3380 twice, but recovered quickly, indicating that the bulls still have some defensive power. At present, gold has touched 3400 again; it can be seen that the bulls' potential defense is still good, but it is not enough to support the continued rebound of gold in the short term. Obviously, gold is still under pressure in the 3410-3420 area in the short term. If gold cannot break through this resistance area in the short term, gold may continue to maintain a volatile state and continue to seek strong support downward. Only after gold breaks through the 3410-3420 area, it is expected to continue to rise and touch the area near 3450 again. When gold tested the support near 3380 several times during the day and tried to break through this area, after gold failed to break through the 3410-3420 area in the short term, I think gold will be more likely to choose a downward direction, or even continue to test the 3355-3345 area. Therefore, for short-term trading, before breaking through the 3410-3420 area, we should not chase gold too much, and we can try to short gold in this area appropriately.
OANDA:XAUUSDShort
by Steffen_Schade
Euro can turn around and start to fall to support areaHello traders, I want share with you my opinion about Euro. Observing this chart, we can see how the price earlier dropped toward the 1.1360 support level and successfully broke it. Then we saw a short recovery move, but the price once again returned to the downside and retested the support line from below. After that, the market created a strong upward impulse, broke back above the 1.1360 level, and entered a phase of consolidation inside a range. This range held for some time, with price respecting both its upper and lower boundaries. Eventually, we saw a breakout from this consolidation, followed by another strong bullish impulse and a steady climb above the 1.1530 zone, where price is currently trading. However, the price has now approached a critical structure and is showing signs of weakening momentum. In my mind, the Euro may attempt one more small move up but then turn around and start declining toward the 1.1530 support level, breaking the ascending support line as well. That's why my TP is this support level, which coincides with the support area. 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
13
Cisco Is Pushing a Generational HighCisco Systems has climbed as AI investment helps power growth, and some traders may think the move will continue. The first pattern on today’s chart is the February 13 peak of $66.50. It was the highest level since September 2000, when the dotcom bubble was deflating. The networking giant come within $0.14 of that level on June 9 and remains in close proximity. Is a breakout coming? (If CSCO were to clear this year’s peak, investors may next eye $82, its previous all-time high from March 2000.) Next consider the May 15 closing price of $64.26 following strong quarterly results. The stock probed below the level last week and bounced. That may suggest old resistance has become new support. Third, the 8-day exponential moving average (EMA) has stayed above the 21-day EMA. Such a sequence may reflect a short-term uptrend. Finally, Bollinger Band Width has dropped as price moves narrow. Could that tightening price action open the door to price expansion? Check out TradingView's The Leap competition sponsored by TradeStation. 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. 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.
NASDAQ:CSCO
by TradeStation
US30 Consolidates Amid Geopolitical UncertaintyUS30 Overview – Market Caught Between Geopolitical Risk and Technical Boundaries The ongoing Middle East crisis continues to weigh on market sentiment, keeping US30 (Dow Jones) in a consolidation phase. Technical Outlook: Price is currently trading between 42160 and 42410. As long as it holds above 42160, a move toward 42410 remains likely. 🔺 A break and stability above 42410 would confirm bullish momentum toward 42810. 🔻 A break below 42160 opens the door for a decline toward 41780, with further downside potential. Key Levels: • Pivot: 42410 • Support: 42160 / 41780 / 41310 • Resistance: 42610 / 42810 / 43210
OANDA:US30USD
by SroshMayi
Resistance zones and Geo-political instability acting up.Geo-Political instability and resistance zone are acting up together to stop Nifty and not allowing it to close above 25K. As the world is looking at developments in Iran Vs Israel conflict with beated heart market today gave up some gains from yesterday. The only index looking strong is IT index right now. Avoid taking very long positions unless you are very sure of the company. Yesterday also Nifty failed to close above 25K opened briefly near 25K today and then moved downwards. Lot will be decided in the short term by the developments that happen tonight. Important G7 meet and US Federal reserve Rate Cut meet is also to happen later in the week. These 2 global factors will decide fate of the market in the short term. Local factors are all in line and nothing to worry for Indian markets on that front. The supports for Nifty remain at: 24713 (Trend line support), 24425 (Mother line support of Daily chart), next support is near 23917, 23806 (Father line support of daily chart is in place). Closing below 23906 can lead to further down side and in such a scenario Nifty can fall further towards 23500 or 23047 levels. If we get a closing below that we will give updates regarding the same. Resistances for Nifty remain at: 24982 (Today's high), 25112 and trend line resistance of 25251. When we get a closing above 25251 we will update you regarding the further upward resistnace levels. 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
2
Gold Faces Resistance as Israel-Iran Conflict Fails to Fuel RallGold Unlikely to Sustain Long-Term Gains on Israel-Iran Tensions Despite escalating geopolitical risks, gold’s upside remains limited. Julius Baer's Carsten Menke notes that the recent move is likely driven by short-term speculative and algorithmic flows, not physical safe-haven demand—consistent with historical patterns of brief geopolitical spikes. Technical Outlook: Gold is currently trading below 3404, suggesting possible range-bound consolidation between 3404 and 3480. A 1H close below 3380 could trigger further downside toward 3365 and 3347. Conversely, a break above 3404 would open the way for a bullish push toward 3448. Key Levels: • Pivot: 3381 • Support: / 3365 / 3347 / 3321 • Resistance: 3404/ 3420 / 3448
OANDA:XAUUSDShort
by SroshMayi
Forward-looking trading, focus on 3380 support📰 Impact of news: 1. Geopolitical tensions in the Middle East 2. Iran nuclear talks 3. Retail sales data 📈 Market analysis: Gold prices are currently in a narrow range of fluctuations again, and the signal of Iran restarting nuclear negotiations has weakened risk aversion, triggering a correction in gold prices during the session, but tensions in the Middle East remain an uncertain factor. In the short term, we still need to focus on the breakthrough of the 3380 support line. If the 3380 support line is strong, we can still maintain a long trading idea in the short term and look to 3400. On the contrary, once it falls below, it is expected to look to the 3350 line. Pay attention to the breakthrough of 3400 on the upside. If the Asian and European sessions cannot effectively break through this short-term resistance, gold will continue to fluctuate. 🏅 Trading strategies: BUY 3380-3370 TP 3390-3400-3450 SELL 3400-3390 TP 3380-3370-3350 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell-2