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Support and Resistance

The AI Boom's Unsung HeroThe rise of artificial intelligence isn’t just shaking up tech companies it’s quietly transforming the global silver market in a big way. As major players like NVIDIA, Google and others ramp up their AI infrastructure silver is becoming more critical than ever. Why? Because silver, thanks to its unmatched electrical conductivity, plays a key role in powering the hardware behind AI. Silver is the most conductive metal on Earth. That makes it perfect for high-performance computing something AI needs a lot of. It’s especially important in data centers and advanced semiconductors, where both electrical and thermal performance are mission-critical. What’s really interesting is that AI servers tend to use two to three times more silver than traditional data center servers. That’s because AI workloads are more power-hungry, generate more heat and require more complex cooling and electrical systems. Simply put, more AI means more silver. If there’s one company at the heart of this trend it’s NVIDIA. Analysts at Morgan Stanley expect NVIDIA to consume a staggering 77% of all silicon wafers used for AI accelerators in 2025 up from 51% in 2024. That adds up to around 535,000 300-mm wafers a year each of which contains silver in key components. All of this AI growth is showing up in the numbers. Industrial silver demand hit an all-time high of 680.5 million ounces in 2024. The electronics industry alone uses around 250 million ounces per year and AI is now the fastest-growing part of that. Despite all this demand, silver supply just isn’t keeping up. The market’s been in deficit for four straight years, with a total shortfall of 678 million ounces between 2021 and 2024. That’s roughly ten months of global mine output gone missing from the balance sheet. It’s no surprise, then, that silver prices have been climbing fast. As of July 2025 silver’s up nearly 30% for the year. Looking further ahead I see room for silver to keep climbing: In the short term (2025): $36–$42 per ounce seems realistic By 2026: Potential for $50+ as more AI growth stays strong AI isn’t just changing how we work, communicate, or compute—it’s literally reshaping the commodities that make this technology possible. Silver, once thought of mainly in the context of jewelry or coins, is now a backbone material for the AI revolution.
OANDA:XAGUSDLong
by YavuzAkbay
BONKUSDT: The Meme Coin Ready to Bounce! 📊 Key Stats (Live Update) - Current Price: $0.000022 - Volume: $1.33M (Accumulation phase) 📈 Critical Levels - Strong Support: $0.0000192 - Immediate Resistance: $0.000027 - Breakout Target: $0.00004 (+85% upside) 🔥 Why BONK Could Moon 1. Extreme Discount: 92% below ATH ($0.00003275) 2. Meme Coin Rally: WIF +12% today showing sector strength 3. Technical Setup: Bullish divergence forming 🎯 Trading Plan (Updated) - Ideal Entry: $0.000019-$0.000020 zone 🚀 - Scalp Targets: → $0.000025 (+13.2%) → $0.000027 (+22.2%) - Swing Targets: → $0.000028 (+40%) → $0.000035 (+75%) - Risk Management: → Stop Loss: $0.000018 → Position Size: 1-3% of portfolio ⚠️ Crucial Notes 1. High volatility expected - set alerts 2. Watch BTC dominance for market direction 3. Smaller exchanges may have price discrepancies 📌 Unique Opportunity At current levels, BONK offers one of the highest risk/reward ratios in meme coins with: - 80%+ upside potential to ATH - Limited downside to strong support 🔍 Live Metrics to Watch 1. 4H RSI: 52 (neutral) 2. Volume Spike: $2M+ needed for breakout 3. Exchange inflows/outflows --- NOT FINANCE ADVICE | DYOR always 💡 Visual Enhancements Ready for the BONK resurgence? Would you like me to adjust the entry strategy for more conservative traders? 🐶
Long
by ONE1iMPACT
XRP | Up to New HighsXRP has successfully broken out of its consolidation pattern and is now targeting significant upside levels. A breakout from the green support zone around $3.27 will confirms the strong bullish momentum. Key Technical Levels: - Primary target: $6.42 (2.0 Fibonacci extension) - Extended target: $7.50+ (2.5 Fibonacci extension) Trade Setup: - Support zone: $3.27 (former resistance now support) - Stop loss: Below $3.00 to protect against false breakouts - Risk/reward: Favorable with multiple upside targets available Technical Outlook: The projected path suggests continued upward momentum with potential pullbacks to retest the breakout level. RSI shows room for further advancement without being severely overbought.
Long
by taika808
1
NEARUSDT Daily Chart Analysis|Strong Breakout & RSI ConfirmationNEARUSDT Daily Chart Analysis | Strong Breakout & RSI Confirmation 🔍 Let’s break down the latest NEAR/USDT daily chart, spotlighting critical resistance, target levels, and momentum signals. ⏳ Daily Overview NEAR has confirmed a bullish breakout above its long-term descending trendline. This move comes with a surge in price and a strong daily candle—clear evidence of renewed bullish momentum. 📊 Momentum & RSI RSI has surged to 76 (overbought zone), higher than the typical overbought level of 70. This spike reflects strong buying pressure, but also signals the possibility of near-term pullback or consolidation. RSI-Momentum Convergence: The RSI uptrend is in lockstep with price action, confirming that bullish momentum is genuine and backed by increasing strength—not a divergence. 🔑 Key Levels - First Resistance: $3.59—watch this closely as the next hurdle for bulls. - Breakout Target: $4.85, which corresponds to the measured move (RR1) from the trendline breakout and aligns with the next horizontal resistance. - Extension Target: $8.01 if momentum persists and price sustains above $4.85 in the coming weeks. 📌 Highlights - Clear trendline breakout validated by strong RSI convergence. - RSI has entered the overbought zone (76), backing momentum—watch for either breakout follow-through or brief cooling. - Key levels: $3.59 (first resistance), $4.85 (breakout target). 🚨 Conclusion Momentum is with the bulls after the breakout. Eyes on $3.59 as the near-term test; a clean move above opens up $4.85 and potentially $8.01 if momentum continues.
Long
by AtresCryptoAcademy
ALGOUSDT Daily Chart Analysis | Continuational patternsALGOUSDT Daily Chart Analysis | Momentum Picks Up on Higher Timeframe 🔍 Let’s break down the latest ALGO/USDT daily chart, highlighting a shift in market structure and key bullish signals. ⏳ Daily Overview A decisive breakout above the long-standing descending trendline has flipped the narrative for ALGOUSDT. Increased volume during the breakout points to robust bullish momentum, suggesting buyers are regaining control at this multi-month inflection point. 🔔 Flag Pattern & Chart Structure - Bullish flag pattern is emerging after the recent breakout, as price consolidates in a tight range—a classic continuation formation. - Former trendline resistance is now acting as support, confirming a notable shift on the higher timeframe. 📐 Fibonacci & Target Levels - The 0.236 Fibonacci retracement at $0.2771 is providing immediate support, with price consolidating above this anchor level. - Upside targets: - First resistance at $0.3080, which aligns with horizontal supply and previous pivot highs. - If the flag pattern resolves upward, the next Fibonacci extension points to $0.4900, marking a significant confluence and potential for further gains. 📊 Key Highlights - Strong daily candle and surging volume confirm momentum shift. - Watch the developing flag pattern for breakout confirmation. - Major trendline break on the daily signals structural reversal. - $0.3080 is the immediate target; $0.4900 is the extended objective from the flag/Fibonacci alignment. 🚨 Conclusion ALGOUSDT is setting up a compelling bullish scenario—keep a close eye on price behavior at the flag and $0.3080 level. A breakout may trigger the next impulsive move toward $0.4900.
Long
by AtresCryptoAcademy
Germany 40 – Preparing For A Short Term Range BreakoutTariff worries, including new comments from President Trump stating that he is likely to impose fresh import charges on pharmaceuticals, have continued to dominate the thinking of Germany 40 traders this week. This has lead to some choppy price action for the index, which after opening on Monday at 24140, has bounced between a Tuesday high of 24293 and a Wednesday low of 23923, before settling back into the middle of that range. Throw into the mix, the start of Q2 earnings season for European corporates and an upcoming ECB interest rate decision in a week's time and you can see how price action could become increasingly volatile moving forward into the end of July. Earnings season has so far got off to a slow start in Europe and Germany 40 traders may have to wait until SAP, the company carrying the highest market capitalisation ($352 billion) and index weighting (14.5%), reports its results next Tuesday (after the close) for further insight into where prices may move next. In terms of the ECB rate decision next Thursday (July 24th), market expectations may currently be indicating that another rate cut is unlikely, although it could be a close call. Traders seem to be focusing on recent commentary from policymakers which suggests the balance of power for the time being has shifted to the more hawkish committee members, who have stated that with inflation sitting on the central bank's target of 2% there is no need to cut rates further. Choosing instead to wait for more clarity on the outcome of trade negotiations with the US, which could decide whether a trade war between the world's first and third biggest economies may be something they need to navigate. Technical Update: Assessing Current Pirce Action Having posted a new all-time high at 24639 on July 9th the Germany 40 index has entered a corrective period in price. However, while much will depend on future market sentiment and price trends, traders may well be asking, whether current price declines can develop into a more extended phase of weakness, or if the downside move could be limited as buyers return once again. Time will tell, but in the meantime, technical analysis may help pinpoint potential support and resistance levels which can aid traders in establishing the next possible trends and directional risks. Potential Support Levels: Having recently posted a new all-time high at 24639, it might be argued this is still a positive price trend, especially as the Bollinger mid-average is currently rising. The mid-average stands at 23954, so may mark the first support focus for traders over coming sessions. However, if closing breaks of this 23954 level materialise, it might lead towards a further phase of price weakness towards 23013, the June 19th session low, even 22406, which is the 38.2% Fibonacci retracement of April to July 2025 price strength. Potential Resistance Levels: If the 23954 mid-average successfully holds the current price setback, it could prompt further attempts to extend recent strength. The first resistance might then stand at 24282, which is equal to half of the latest weakness, with successful closing breaks above this level possibly opening scope back to the 24639 all-time high and maybe further, if this in turn gives way. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:GER40
by Pepperstone
GOLD | Testing Key Support at 3320 — Breakdown or Rebound Ahead?GOLD: Futures Dip as Dollar Strengthens, Eyes on 3320 Support Gold futures declined as the U.S. dollar gained strength following President Trump’s denial of plans to fire Fed Chair Jerome Powell. While concerns over central bank independence persist, gold remains up over 26% YTD, supported by strong central bank demand and ongoing macro uncertainty. Technical Outlook: The price is now approaching the 3320–3312 zone. A break below 3312 would trigger a bearish move from 3315 toward 3297 and 3281. However, if the price stabilizes above 3320 on a 4H close, a bullish rebound may follow toward 3333 and 3342. Key Levels: Support: 3312, 3297, 3281 Resistance: 3333, 3342, 3363
OANDA:XAUUSDShort
by SroshMayi
US30 | Bearish Pressure Builds Below 44,170 — Breakout or BounceUS30: Eyes on Earnings and News US stocks edged higher pre-market after Trump denied plans to fire Fed Chair Powell, easing market concerns. With corporate earnings in focus, sentiment remains cautiously optimistic. Technical View: The price holds bullish momentum above 44170, targeting 44280 and 44500. A 1H close below 44170 may lead to a drop toward 44075, and breaking below that would open the path to 43960 and 43630. A 1H close above 44280 strengthens the bullish case toward 44500. Key Levels: Resistance: 44280, 44410, 44500 Support: 44075, 43960, 43630 previous idea:
OANDA:US30USDShort
by SroshMayi
$PENGU Taking a Breather? CSECY:PENGU Taking a Breather? Wave 4 May Be Brewing After a strong move, CSECY:PENGU looks like it might be pausing for breath. The recent action suggests we may have just wrapped up a small-degree Wave 3, with price now struggling to clear a key resistance level from earlier in the structure. That hesitation could mark the early stages of a Wave 4 correction...Conservatively. Here’s the zone I’m watching for a potential W4 pullback: - .236 to 50% retracement of Wave 3, measured from the Wave 2 low - Most Likely Target (MLT) sits right around the .382 fib - Keep an eye on time symmetry—Wave 4 may offset the time duration of Wave 2 - Price could react off the base channel as a support guide If this is a W4, it could give us a clean continuation setup into Wave 5—provided it holds structure and doesn’t overlap the Wave 1 territory. Stalking the pullback as it plays out, and am ready to react if we see support step in at the expected fib levels or the base channel. Trade Safe! Trade Clarity!
Long
by CryptoKnee
Gold Pullback in play Aiming Growth for 3400Gold prices initially rejected from recent highs and found strong support, indicating limited downside. Despite the recovery, gold remains under pressure due to rising U.S. bond yields and a stronger U.S. dollar. The higher-than-expected inflation data from the U.S. has reduced the likelihood of an early Fed rate cut, which is weighing on the metal. Technical Analysis: If the 1H candle closes above 3350, the price is likely to push back into the bullish zone. Potential upside targets: 3378 and 3400 You any see more details in the chart. PS: Support with like and comments for more better insights Thanks for Supporting.
FX:XAUUSDLong
by MrMartin_11
12
SPX500: Calm Returns, But Bearish Pressure Lingers Below 6283SPX500 OVERVIEW Markets Calm After Powell Drama Markets steadied Thursday following Wall Street's volatile reaction to uncertainty over Fed Chair Powell’s future. While President Trump denied plans to fire Powell, he admitted discussing the idea with lawmakers and hinted he'd prefer a resignation. For now, earnings and data are back in focus. Technical View: SPX500 is consolidating between 6283 and 6223. A 1H close above 6283 may trigger a bullish move toward 6341. Remaining below 6283 keeps bearish momentum intact toward 6223, and a break below that could start a deeper downtrend. Key Levels: Support: 6243, 6223, 6195 Resistance: 6305, 6341
OANDA:SPX500USDShort
by SroshMayi
Bottom-out rebound, 3338 short orders enteredYesterday, the gold market was affected by Trump's remarks about firing Federal Reserve Chairman Powell. After briefly falling below 3320, the price quickly rose by nearly 60 points, reaching a high of 3377. Trump later clarified that the news was false, triggering a gold sell-off, and the market rose and fell. As of Thursday's European session, gold prices fell back to around 3320. After a rapid rise and fall in the US market on Wednesday, the downward trend continued on Thursday, with the US market hitting a low of 3310 before rebounding. Judging from the 4-hour chart, the Bollinger Bands failed to open downward, indicating that the current market lacks continuity and the overall market remains in a volatile pattern. In a volatile market, it is recommended to pay attention to key support and resistance levels for high-selling and low-buying operations. The upper resistance range is currently at 3343-3351, and the important watershed support level below is at 3310. OANDA:XAUUSD
OANDA:XAUUSDShort
by HuntingWolves
GBPAUD Downward Pressure - Bearish Confirmations Swing TradeAlthough price has been consolidating between a daily resistance and support, I am currently seeing multiple rejections in resistance and bearish candlestick patterns that indicate pressure to the downside will soon follow. A rejection in the current highlighted resistance and a break of support will take price to weekly demand. Always wait for the right confirmations - especially when price is range-bound like it is now.
Short
by Moipone_Phakisi
FLOKI | Reclaim of Trading ZoneFLOKI is showing a strong bullish reversal pattern as it reclaims the critical trading zone. Key Technical Signals: Clean breakout from descending wedge formation RSI showing bullish divergence and momentum shift Price reclaiming major support zone as new resistance turns support Volume supporting the upward move Entry Strategy: Retest of the trading range low around 0.000012 Risk Factors: Bitcoin's overall market direction could impact this altcoin move. A failure to hold above the green support zone would invalidate the bullish thesis.
Long
by taika808
XRP Hits $3.10 — Rising Wedge or Ready to Fly?XRP has been on a strong run over the past 24 days, rallying from $1.90 → $3.10 — a +62% price increase. But after hitting key resistance, is XRP about to correct, or will it break out further? Let’s dive into the technicals. 🧩 Market Structure Rising Wedge Pattern: The current market structure resembles a rising wedge, with XRP likely completing wave 5. Rejection Zone Hit: Price tapped the nPOC at $3.10 and rejected — providing a clean short opportunity. 📉 Key Support Levels & Confluences Taking the full 24-day bullish move: 0.382 Fib Retracement: $2.6326 — aligns with liquidity pool below the $2.6596 swing low. 226-day Trading Range VAH: ~$2.62 (red dashed line) — adds confluence. Daily Level: $2.60 — further support. Anchored VWAP from $1.90 Low: ~$2.54 (rising over time). ✅ Conclusion: The $2.66–$2.60 zone is a critical support area and offers a solid long opportunity. Trade Setups 🔴 Short Setup (After Breakdown Confirmation): Wait for a sell-off & breakdown of the wedge. Ideal entry: retest of the lower wedge edge, ideal short entry would be between 0.618–0.786 fib retracement. 🟢 Long Setup: Entry Zone: $2.66–$2.60 SL: below VWAP line Target: Fib 0.618 as TP 🧠 Educational Insight: Rising Wedges Explained A rising wedge is a bearish pattern, often signalling weakening momentum as price climbs within narrowing highs and lows. Key points: ➡️ Volume typically declines as the wedge matures. ➡️ Breakdown below the lower wedge edge often triggers stronger sell-offs. ➡️ Retests of the broken wedge support turn into ideal short entries. Pro tip: Combine wedge patterns with fib retracement zones and VWAP levels for higher-confidence setups. Watch for wedge breakdown confirmation before shorting. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
Gold’s Last Stand? Major Retest at 3310–3300 Under the influence of negative news, gold today fell below the recent low of 3320 and continued to fall to around 3310. The current gold structure looks particularly obvious, the center of gravity of gold gradually moves downward, and the short trend is extremely obvious; however, as gold repeatedly probes the 3320-3310 area, we can clearly see the resistance of gold to falling, and multiple structural supports are concentrated in the 3320-3300 area. So as long as gold does not fall below this area, gold bulls still have the potential to rebound. However, for now, after experiencing discontinuous sharp rises and falls, gold needs to undergo a short-term technical repair, so it may be difficult for a unilateral trend to appear in the short term. So I have reason to believe that gold will focus on rectification and repair next. The important resistance area we have to pay attention to above is in the 3340-3350 area; and the important support below is in the 3310-3300 area. Currently, gold is fluctuating in a narrow range around 3340, and the short-term rebound momentum is sufficient, but I still believe that gold will fall back again and test the support of 3320-3300 area after consuming the bullish energy. So for short-term trading, first of all, I advocate shorting gold in the 3340-3350 area, and expect gold to retreat to the 3320-3300 area during the consolidation process.
OANDA:XAUUSDShort
by Trading_Steffen
TONUSDT Following the official denial by UAE authorities regarding the possibility of obtaining a golden visa through staking OKX:TONUSDT , the bullish momentum driven by that rumor has faded. Selling pressure has increased, and TON is now consolidating within the key support zone of 2.720 to 2.760 USDT. If this support breaks, further downside is likely. However, if the price holds and reclaims the 2.860 USDT resistance, it could trigger a recovery toward 2.920 and 2.965 USDT. For now, the market sentiment remains bearish with a corrective bias. Key Points: UAE officially denied TON-based golden visa claims, weakening sentiment. Current support zone: 2.720–2.760 USDT. Key resistance: 2.860 USDT, then 2.920 USDT. Break below 2.720 = further decline. Break above 2.860 = potential bullish reversal. ⚠️ Please Control Risk Management in trades.
by EhsanZeydabadi