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Support and Resistance

Is the golden large-scale "roller coaster" near miss?Gold took a large "V"-shaped reversal pattern on Thursday, with the highest hitting 3167 in the Asian session, and continued to fluctuate and fall in the European session. It successfully fell to the lowest 3054 before the US session and then rebounded. As of now, gold has deeply bottomed out and rebounded to 3135. It has now started the oscillation mode. Gold continues to fluctuate in the range of 3100-3135, waiting for the release of the initial jobless claims data in the US session. The data is bearish, and the shorts broke through the 3080 line. After all, the technical adjustment is almost done, and everyone can find opportunities to go long. Later, gold hit the 3054 line and rebounded quickly, and the long orders also recovered the losses. This process is full of thrills and excitement. After all, such a large bottoming rebound is relatively rare. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us! From the 4-hour analysis, pay attention to the short-term suppression of 3130-35 on the upper side, and pay attention to the short-term support around 3100-3106 on the lower side. Pay attention to the support of 3083-3087. After stabilizing above this position, continue to follow the low-long rhythm, and stick to the idea of ​​​​going long after stepping back. I will remind you of the specific operation strategy during the trading session, so pay attention to it in time. Gold operation strategy: Go long at 3105-3095
OANDA:XAUUSDLong
by TP_Daniel
XAUUSD retracement for the long to another ATH📝 Key Observations: Break of Structure (BoS) - Price recently broke previous support levels, indicating a shift in market direction. Strong Bullish Momentum - The aggressive move up suggests that buyers are stepping in at the demand zone. H1 Supply Zone - Price is currently reacting to an H1 supply zone, which may cause a pullback. M15 Demand Zone - A key support area around $3,055 has been marked, where price may revisit before continuing upward. Bullish Projection - The red arrow suggests a potential retracement into the demand zone before continuing higher. 📌 Trade Consideration: ✅ Entry Opportunity: If price retraces into the M15 demand zone and shows bullish confirmation (e.g., engulfing candles, wicks rejecting lower prices). ✅ Target: The next significant resistance level around $3,147. ✅ Stop-Loss: Below the M15 demand zone ($3,055) for a good risk-to-reward ratio. ⚠️ Risk Factors: If price fails to hold at the demand zone, further downside movement is possible. Supply zone rejection could trigger a deeper correction before continuing up.
FX:XAUUSDLong
by Marshall-FX
DeGRAM | AUDUSD back in the channelAUDUSD is in an ascending channel above the trend lines. The price is moving from the support level and has already returned to the channel. The chart has formed a harmonic pattern and is now holding above the 38.2% retracement level. The 30m Timeframe indicators have formed a hidden bearish divergence. We expect the growth to continue after the retest of the lower channel boundary. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
1
JASMY ANALYSIS (1D)Before anything else, you should know that this token is on Binance’s Red List (at risk of being delisted) and carries its own specific risks. After entering a corrective phase, JASMY is now approaching a FLIP zone. From this level, we expect upward volatility for JASMY. Targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
Gold (XAU/USD) AnalysisGold (XAU/USD) Analysis This chart provides a technical outlook on **Gold (XAU/USD)**, showing possible **bullish** and **bearish** scenarios based on price action and support/resistance levels. Bullish Outlook Key Support Holding**: Gold is staying above **$3,125-$3,130**, showing buyers are stepping in. - **Uptrend Structure**: Price is following a rising trendline, meaning bullish momentum is intact. - **Breakout Zone**: If Gold surpasses **$3,155-$3,160**, it could rally toward **$3,170-$3,180**, as no major resistance exists in that range. What to Watch? - A strong breakout with volume above **$3,155-$3,160** confirms upside potential. - Look for support at moving averages (EMAs) to validate trend continuation. Bearish Outlook - **Resistance Rejection**: If Gold fails to break above **$3,155-$3,160**, it might face selling pressure. - **Break Below $3,140**: If price drops under this level, it could target **$3,125-$3,110**, which is the next key support. - **Further Downside**: A breakdown below **$3,110** could lead to a deeper decline towards **$3,090-$3,080**. What to Watch? - A drop below **$3,140** with strong volume could confirm further downside. - If selling pressure increases, Gold may retest lower support zones. Final Thought Gold is currently in an **uptrend**, but traders must monitor key levels: ✔ **Bullish if** it breaks **$3,160** 📊 ✔ **Bearish if** it falls below **$3,140** 🔻 Stay cautious and wait for price confirmation before making a move! 🚀
OANDA:XAUUSDLong
by elitetrader9090
EUR/CHF: Bullish Continuation in ProgressWelcome back! Let me know your thoughts in the comments! ** EURCHF Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Long
by OGT_Forex
EURUSD:The euro is facing a "battle at key resistance levels"The EURUSD exchange rate continues its rebound momentum. Although the weak inflation data in the eurozone has strengthened the market's expectation of an interest rate cut by the ECB, the US dollar has weakened due to the risk - off sentiment triggered by Trump's tariff remarks, which has become a key factor supporting the short - term upward movement of the euro. We can focus on the initial resistance level of 1.0880 above. If this level is not breached, one can attempt to short at high levels. Trading strategy: Sell@1.0880 TP:1.0780 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
Short
by LeoBlackwood
1
Nifty levels - Apr 04, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
BITCOIN Stock Chart Fibonacci Analysis 040225Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 84,700/61.80% Chart time frame: C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
BITFINEX:BTCUSD
by fibonacci6180
BankNifty levels - Apr 04, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
XAU/USD 03 April 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Since last analysis price has continued extremely bullish. This is most likely due to market jitters caused by Trump's tariff policy which is driving up the price of gold. This solidifies gold as a safe haven asset and could lead to repricing. As mentioned in previous analysis that I will continue to monitor price. Price has printed a bullish iBOS which is marked in red, this is due to the fact that the depth of the pullback has been shallow and has not pulled back into either discount of internal 50% EQ or mitigated a H4 demand zone. As a result, price now is trading within an internal low and fractal high. Intraday Expectation: Await for price to print a bearish CHoCH to indicate bearish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remains the same as yesterday's analysis dated 01 April 2025 Since last analysis price has continued extremely bullish. This is most likely due to market jitters caused by the trump tariffs. This solidifies gold as a safe haven asset and could lead to repricing. You will note price has printed a bullish followed by a bearish CHoCH to indicate, but not confirm, bearish pullback phase initiation. Whilst I am aware that price has not traded into discount of internal 50% or mitigated any demand zone, I will mark this as an iBOS due to time spent. Intraday Expectation: Price to trade down to either discount of 50% internal EQ or M15 demand zone before targeting weak internal high, priced at 3,167.835. Alternative scenario: As H4 appears to be in bearish pullback phase, although we do not currently have any indication, it would not come a surprise if price prints a bearish iBOS. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
EURNZD Wave Analysis – 2 April 2025 - EURNZD reversed from resistance area - Likely to fall to support level 1.8700 EURNZD currency pair recently reversed down from the resistance area located between the resistance level 1.9100 (which stopped the earlier sharp upward impulse wave I at the start of March) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the earlier short-term impulse wave iii of the upward impulse wave 3 from the end of February. Given the strength of the resistance level 1.9100, EURNZD currency pair can be expected to fall to the next support level 1.8700.
Short
by FxProGlobal