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Support and Resistance

Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips. So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630. So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A quiet but decent day on gold with the first entry level holding and giving the ideal opportunity to long into the Red box and bias target levels we gave in yesterdays KOG Report. We've completed most apart from the 2667 level which still remains. For that reason we would say support is standing at the 2650 level with extension into 2645 for any spikes, as long as we remain above we should see price attempt the higher red box which is where the path ends. Thin volume presents itself with the pre-event range looking like it's already started. We would say anyone long from lower needs to be protected and that trade should have been managed. Anyone short, 2650-45 key level here. 2650 complete 2655 complete 2657 complete 2660 complete As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
Follow the trend and short gold!This week is a new week, so let's start this week's trading with hope! Gold rebounded after touching 2643, and currently rebounded to 2658. From the current rebound strength, gold is still very weak. And after gold just experienced a big drop, there is no position to support gold to rebound immediately. So we can only follow the weak trend in trading at present. So in the short term, I still prefer to short gold, and there is resistance in the 2660-2670 area above. Once gold cannot break through this area strongly, gold is likely to continue to fall. Once gold encounters resistance and falls back, it may fall back to the 2645-2640 area, or even the 2630 area. Bros, let's try to short gold first, and then wait patiently for gold to fall back! If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Purple Innovation | PRPL | Long at $0.93Purple Innovation / Mattress NASDAQ:PRPL is facing a Nasdaq delisting if it can't stay above $1 by early 2025. However, a positive move up (from a technical analysis perspective) may be brewing. My historical simple moving average lines are approaching the price, which more often than not means a future price jump. But the question is, will it occur before the scheduled delisting? Google Trends shows the largest spike in the search for "Purple Mattress" occurred between June to December 2024. The CEO of NASDAQ:PRPL bought $203k worth of shares around this initial spike. The company is not expected to be profitable for some time, but I am more interested in the short-term move here vs the strength of the company, long-term. So, while this is a "risky" play, especially with the approaching Nasdaq delisting, it's interesting from a technical analysis end. At $0.93, NASDAQ:PRPL is in a personal buy zone through January 2025. Target #1 = $1.14 Target #2 = $1.30 Target #3 = $1.50 Target #4 = $1.63
NASDAQ:PRPLLong
by WorthlessViews
GOLD (XAUUSD): Bullish Continuation Confirmed?!Following a recent downturn, gold has retraced to a significant structure that was recently breached. I've identified two strong bearish signals after its test: the price broke below the neckline of a double top formation and also fell below a resistance line associated with a bearish flag pattern. These breakouts suggest a strong likelihood of a continued bearish trend. It is highly likely that the market will keep declining, reaching the 2646 level shortly, followed by the 2637 support level.
TVC:GOLDShort
by linofx1
4
XVG {Read the caption}hello friends After a heavy fall, this coin was able to enter an ascending channel and hit a higher ceiling and floor, which we showed you in the picture. Now, after hitting the roof for the third time, we have seen a correction. Now the best option is to buy a staircase, one step here and in case of deeper modification, the next steps that we specified for you... Its target is its initial price, which means we expect it to reach its supply price, and if it breaks and hits a new ceiling, we will give you a new update. If you like, support us with like and comment.
Long
by TheHunters_99
2
Unbelievable profit!!!hello guys We have come with the introduction of this coin, which we think can grow a lot. After bottoming in weekly and daily time, this coin gives us this signal that it wants to grow big. Now, according to the price, we suggest you to buy a step. Now is the time to buy one step, and in case of modification, we have determined for you that it is suitable for buying two more steps. The targets have also been specified that we drew for you. If you like this analysis, please support us with like and comment
Long
by TheHunters_99
2
Bears Could Be Shopping at TargetTarget dropped sharply last month. Now, after a rebound, some traders may see further downside in the retailer. The first pattern on today’s chart is the bearish gap on November 20 after earnings and revenue missed estimates. TGT stalled last week after retracing half the decline. That may suggest a downtrend is in place. Second, prices are peaking around the same zone where they bottomed in August. Has old support become new resistance? TGT has also tested its 21-day exponential moving average but remained below it. Next, stochastics have hit an overbought condition. Finally, the 50-, 100- and 200-day simple moving averages (SMAs) moved sideways near each other for about two months. But now they’re lining up and falling into order with the faster SMAs below the slower. That may suggest the longer-term trend has become more bearish. 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.
NYSE:TGT
by TradeStation
Nasdaq Futures Analysis: Key Levels and Strategies for New HistoStart your week with an in-depth analysis of Nasdaq futures for Monday, December 16, 2024. Here's what you'll gain: 📈 Market Momentum: With new historic highs, the Nasdaq remains in a strong uptrend across all major timeframes. 📊 Key Levels to Watch: Identify precise zones for long and short entries, including critical areas like 22,160 and 22,108. 🎯 Strategic Insights: Learn how to approach trading during a contract rollover, with actionable plans for both bullish and bearish setups. Whether you're refining your trading strategy or seeking fresh opportunities, this analysis is your guide to navigating today's market with confidence. 🔗 Subscribe now for expert trading insights, daily updates, and actionable strategies to elevate your trading game!
CME_MINI:MNQH2025Long
by BinvestorsTrading
EUR/CHF Day Trading Analysis With Volume ProfileOn EUR/CHF , it's nice to see a strong buying reaction at the price of 0.92860 and 0.93450. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Weekly POC, Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
Intraday Levels for Nasdaq 100 Futures - 12/16/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
2
USNAS100 / Bullish Momentum...Technical Analysis The price still trades at the bullish area, it seems to continue in the bullish area toward 22020 especially if it closes 1h candle above 21900. So as long as trades above 21770 and 21900, it will be bullish to get 22020 and 22200. Otherwise, it should break 21770 to be a bearish trend till 21630. Key Levels: Pivot Point: 21900 Resistance Levels: 22020, 22200, 22450 Support Levels: 21770, 21620, 21520 Trend Outlook: - Consolidation between 21770 and 21900 - Bearish Momentum with stability below 21530 - Bullish Momentum by stability above 21900
OANDA:NAS100USDLong
by SroshMayi
Technical Analysis for Gold Spot/USD (1-Hour Chart) Current Market Overview Current Price: $2,659.07 Market Trend: Mixed with a recent bearish move, but a recovery seems to be emerging. Key Support and Resistance Levels: Support: $2,624.09 and $2,613.26 Resistance: $2,686.70 and $2,725.84 Bullish Scenario Technical Factors Price Action: Price shows a rebound after testing the NY Midnight Open near $2,653.70. Bullish candles are starting to form on the right side of the chart, suggesting a potential reversal. Volume Profile: Delta volume is indicating positive activity at lower price levels, hinting that buyers are stepping in near $2,653 and below. Indicators: The pink shaded bearish momentum (likely a short-term EMA cloud) appears to be weakening. Price is attempting to push above this bearish cloud, which could act as a trigger for further bullish momentum. Support Zone: Strong support exists near $2,624 to $2,613, where price previously reversed on Dec 6th and 10th, as seen by the green demand zone. Probable Entry Points Entry: Around $2,655 - $2,660 once price consolidates above the NY Midnight Open ($2,653.70). Confirmation: Look for price closing above $2,666 (the nearest mini-resistance). Take-Profit Targets Short-term TP1: $2,686.70 (key resistance zone marked by 16% delta volume). TP2: $2,710 - This is a zone where previous bearish pressure emerged. Extended Target: $2,725.84 (higher timeframe resistance). Stop-Loss SL: Below $2,650 or $2,645 to minimize risk. Bearish Scenario Technical Factors Price Action: Despite the current bounce, the overall structure remains bearish, with lower highs forming after the drop from $2,725.84. Bearish momentum (pink shaded region) remains active on the larger downtrend. Volume Analysis: Negative delta volume around $2,686.70 suggests sellers are still defending that level. Resistance Zone: $2,666 to $2,686 is a key supply zone; a rejection here would confirm bearish continuation. Moving Averages/EMA Cloud: Price has yet to break convincingly above the pink bearish cloud, meaning the trend still favors sellers. Probable Entry Points Entry: Near $2,666 to $2,670 if the price fails to break above resistance. Look for rejection candles. Confirmation: Bearish engulfing or a sharp pullback below the NY Midnight Open ($2,653). Take-Profit Targets Short-term TP1: $2,640 (previous swing low). TP2: $2,624 - This level is the lower support zone with previous demand. Extended Target: $2,613 - A breakdown of this level could lead to further bearish momentum. Stop-Loss SL: Above $2,675 or $2,680 to protect against a bullish breakout. Summary: Trading Plan Scenario Entry Zone Stop-Loss Take-Profit Targets Bullish $2,655 - $2,660 Below $2,645 TP1: $2,686.70, TP2: $2,710, TP3: $2,725 Bearish $2,666 - $2,670 Above $2,675 TP1: $2,640, TP2: $2,624, TP3: $2,613 Conclusion Bullish Bias: If price sustains above $2,666 and breaks resistance near $2,686, a bullish move to $2,710 - $2,725 could unfold. Bearish Bias: Rejection at $2,666 - $2,686 would likely lead to a pullback targeting $2,640, $2,624, and potentially $2,613. Recommendation: Wait for confirmation around key levels ($2,653.70 and $2,666) before entering a trade. Use proper stop-losses to manage risk.
FX:XAUUSD
by ProspireWealth
SOLANA BULL FLAG BULLISH MOMENTUM!!!!The Solana (SOL/USD) chart shows a Bullish Flag pattern, which is a continuation signal that forms after a strong upward move (flagpole) followed by a short period of consolidation in a downward-sloping channel (flag). The yellow trendlines mark this consolidation area, and if the price breaks out above the resistance line, there's a solid chance for a big move up. The target is calculated based on the length of the flagpole, with a potential gain of 58.68%, aiming for around $311.17 (Fibonacci 161.80%). If the bullish momentum continues, the next target is $366.55 (Fibonacci 224.00%). The green zone highlights the reward potential, while the stop-loss at $182.64 limits risk to 6.62%, giving a solid risk-to-reward setup. With the main trend still bullish and strong support near $195.59, a breakout could signal the continuation of Solana's uptrend. 🚀 #Solana #BullishFlag #CryptoAnalysis #SOLUSD #Trading
COINBASE:SOLUSDLong
by anandahaidarr