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Support and Resistance

Gold Extends Bearish Trend Below 2677 with Key Support at 2644GOLD Technical Analysis The price completed its retest up to 2706 and then dropped as previously anticipated. Today, the bearish trend continues, with price stability below 2677, which suggests further downside toward 2644 and possibly 2629. As long as trading remains below 2670, the bearish momentum is expected to persist, targeting 2644 and 2629. To confirm a bullish shift, a 4-hour candle close above 2677 is required. Key Levels: Pivot Point: 2665 Resistance Levels: 2677, 2695, 2706 Support Levels: 2644, 2629, 2607 Trend Outlook: Bearish trend while under 2677 previous idea:
OANDA:XAUUSDShort
by SroshMayi
NIfty view for this week 14th Nov.Nifty Analysis for This Week Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days. Key Levels to Watch: Support Levels: 24,000 – 23,800: This range represents critical support. If Nifty sustains above this level, the bullish trend remains intact. A break and sustained move below 23,800 could confirm the Head and Shoulders pattern and lead to a deeper fall. Resistance Levels: 24,300 – 24,550: Recent highs that will act as key resistance. Breakout above 24,300 could push Nifty towards 24,500 – 24,800 and possibly 25,000. Breakdown below 23,800 could trigger a correction towards 23,000 or even 21,000, aligning with the pattern’s target. Head and Shoulders Pattern: This pattern becomes valid only if Nifty sustains below 23,800. The measured target of the pattern suggests a 10% fall from the breakdown level, which would put Nifty in the range of 21,000 to 22,000. If Nifty holds above 23,800, the pattern remains invalid and bullish momentum could continue. Nifty remains bullish as long as it stays above 24,000. However, if it breaks 23,800, the Head and Shoulders pattern becomes valid, with a potential target of 10% correction. Key resistance lies at 24,300–24,550, and any breakout above these levels could push Nifty towards 24,800 – 25,000. Trade with caution and monitor these levels closely for signals.
NSE:NIFTY
by rakeshreddym
3
GOLD BREAKDOWNA chart representation of what may happen on Gold in the week and beyond. Monthly TF still looks significantly bullish as the Gold Market Price is currently still trading above the previous significant monthly lows. We don't need the price to just trade below but close below to ascertain the presence of weakness in the current bullish trend. On the Weekly TF, price has shown a clear push signifying a building up in bearish momentum before and after the US elections last week. Nevertheless there is the monthly lows as support to hold off what sells we are seeing and resume bullish trend. Until the break of that area, we will only keep seeing the current push down as gathering liquidity to continue the preceding bullish pressure. Coming to the lower TF, the chart clearly shows Possible rejection zones that may be used as indicated and based on special confirmations know to my trading style, I will be looking forward to join in for buys or sells where significant. Fundamental - The uncertain nature of Trump's first approach upon assuming second term may stir trade tensions globally and mixed sentiments may have an effect on price volatility until his policy implementations are clearer.
OANDA:XAUUSDEducation
by KEMMATRADES
Solana has made a new ATH (market cap). What's next?In crypto trading, most traders focus on price, but this approach can be misleading—especially since most coins and tokens, except Bitcoin (BTC), are inflationary. In my view, market capitalization (market cap) is a more critical metric and should play a significant role in our analysis. For Solana, recent optimism in the market pushed its market cap to an all-time high above $100 billion, and now it is undergoing a normal correction. Technically, support for Solana's market cap is around $90 billion; if it holds above this level, bulls can anticipate continued growth and potentially a new ATH in both market cap and price, possibly reaching around $150 billion. However, if Solana cannot maintain support above $90 billion, it may signal that the project’s perceived value is lower, leading to a potential decline. In this scenario, we could see support levels at $75 billion, followed by $60 billion. Corresponding price levels might drop to around $160, then $120.
CRYPTOCAP:SOL
by Mihai_Iacob
2
GOLD, SILVER, PLATINUM & COPPER Weekly Forecast Nov. 11thThe Metals are at areas of supportive discount arrays, but will they move higher. The latest COT Report indicates the institutional traders are betting on higher prices, even when the assets seem to be in consolidation. Monday is a US bank holiday, and Tuesday may start slow, but I suspect the price action will be clearer come Wednesday. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:PL1!
by RT_Money
3
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
5
GBPUSD is in the Selling Direction after breaking suPportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Bank Nifty Technical Outlook - November 2024 Bank Nifty has fallen below the significant support level of **51,775**, remaining below this threshold for over 15 minutes. This suggests a potential continuation of bearish momentum in the short term. We are now focusing on the following key support levels: 1. **First Support Target - 51,325** If the downtrend persists, Bank Nifty could initially test the support level at 51,325. This is the first major support point, where traders may look for signs of a pullback or further continuation of the downtrend. Sustained selling pressure at this level could lead to additional declines. 2. **Second Support Target - 50,925** If Bank Nifty breaks below 51,325, it may extend its decline to the next support at 50,925. This is a critical level; a breach could indicate growing bearish sentiment and the potential for further declines. 3. **Final Support Target - 50,470** Should the selling momentum remain strong, Bank Nifty could test the final support at 50,470. This level is crucial; breaking below it might signal a more significant market correction, adding further weight to the bearish trend. ### Stop Loss and Risk Management - **Stop Loss**: An hourly close above **52,100** would invalidate this bearish setup and serve as a key level for risk management. Traders should exit short positions if Bank Nifty closes above this level on the hourly chart. ### Summary - **Current Trend**: Bearish (below 51,775). - **Targets**: 51,325, 50,925, and possibly 50,470. - **Stop Loss**: Hourly close above 52,100. Traders are encouraged to closely monitor volume and momentum at each support level to assess the strength of the downtrend and identify potential reversal signals. Maintaining strict risk management is essential, especially in a volatile environment.
NSE:BANKNIFTYShort
by tusharbedekar
2
SYM eyes on $29.64: Dancing on a High Wire or a Launch Pad?SYM made serious moves off the bottom. Currently dancing on a semi-major fib. This could be a good entry for next leg. Early going will be tough with clear hurdles. But we might be accumulating here to launch. Late longs here could have SL just below fib. $ 29.64 is the key level of interest here. $ 30.56 - 30.87 will be first resistance. $ 31.88 - 32.11 is a MAJOR resistance. Break of MAJOR resistance should run strong. ========================================
NASDAQ:SYM
by EuroMotif
Bitcoin 100K by Christmas '24?FA: > 'cryptocurrency fan' Trump becoming president has created a surge in speculative investments into Bitcoin and altcoins. > ETFs , especially Bitcoin ETFs are doing better than expected > New innovations in blockchain technology are pumping altcoins as well as Bitcoin TA: Judging by the last pump from the beginning of 2023 to march 2024, Bitcoin is aiming towards 100K for the next resistance and price correction. Volumes have been relatively stable, so I do not expect any drastic surprise-dumps of the same long-term nature as in the past, for 2024. But we might see a pump to 100k before Christmas 2024. Tools used: Reverse Fibonacci Retracement Projected Forecast/Forecast This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
BITSTAMP:BTCUSDLong
by GoldArti
GBPNZD is in Selling Direction after testing TrendlineHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Alikze »» Link | Scenario wave 1 of 3 rising - 1D🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D - It has been moving in a downward channel on the daily time frame. - Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step. - This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended. - Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising. 💎 In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken. ⚠️ Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone. ⚠️ 💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely. »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:LINKUSDT
Long
by alikze
Intel - Still Got Another +15% From Here!Intel ( NASDAQ:INTC ) is perfectly respecting structure: Click chart above to see the detailed analysis👆🏻 For more than two decades, Intel has not been trading in any clear trend. We saw a lot of swings towards the upside which were eventually always followed by corrections, making Intel a very easy to trade stock. After the current retest of support, a move higher will eventually follow. Levels to watch: $20, $27 Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
8