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Gold Holds Key Support Ahead of CPI Data📊 Technical Overview 1. Key Levels Support Zone: ~$3,224 to ~$3,236 (highlighted yellow box) — price has bounced here multiple times (green arrows), indicating strong demand. Resistance Zone: ~$3,420 to ~$3,440 — where price previously reversed (upper yellow box). CPI News Target: ~$3,348 — identified as a potential bullish target on CPI-related momentum. 2. EMAs 50 EMA (Red): ~$3,299 – currently above price, acting as dynamic resistance. 200 EMA (Blue): ~$3,224 – at the lower edge of support, reinforcing the critical support zone. 3. Price Action Strong bounce from support shows bullish reaction. There is a potential double bottom or accumulation pattern forming at support. The bullish target is around $3,348 (CPI news reaction zone). 🧠 Trading Idea ✅ Bullish Scenario Entry: Near current price ($3,236), ideally on confirmation of support holding. Target: $3,348 (CPI news target zone). Stop Loss: Below $3,224 (below the 200 EMA and last swing low). Risk/Reward: Favorable if the bounce is strong and momentum builds with upcoming U.S. news (likely CPI data). ❌ Bearish Scenario If price closes below $3,224, especially on strong volume, it may signal a breakdown. Watch for a retest and failure of support-turned-resistance for short entries. 🔔 News Catalyst U.S. CPI data (highlighted) on the calendar — this is likely to inject volatility. A hot CPI could strengthen USD and pressure gold, while a cool CPI could lift gold prices sharply toward the $3,348 target. 📌 Summary Bias: Short-term bullish above $3,224. Key Levels: Support ($3,224–$3,236), Resistance ($3,348, then $3,420–$3,440). Strategy: Buy dips near support, watch CPI news for breakout potential.
TVC:GOLDLong
by Fxhenry22
BTC at Critical Inflection Zone: Breakout or Pullback🔍 Technical Analysis Overview 1. Current Price Action Current Price: ~$104,129 BTC is trading within a key resistance-turned-support zone (around 104,000–104,900). Price has been consolidating near the upper boundary, indicating indecision or preparation for a breakout. 2. Support/Resistance Zones Resistance (now support): 104,000–104,900 Target 1 (downside): ~96,969 (near previous resistance + EMA 50 level) Target 2 (upside): ~109,525 (projected move if breakout occurs) 3. EMA Levels EMA 50: 100,446 – Could act as dynamic support in a pullback. EMA 200: 93,676 – Stronger trend support, much lower. 4. Price Structure & Pattern A potential ascending triangle or range formation at resistance is visible. The red arrow suggests a possible short trigger on rejection from the top of the zone. If price breaks down from the support (around 104,000), a bearish move toward 100,000–97,000 may occur. 📈 Scenario Outlooks 🔵 Bullish Scenario A confirmed breakout above 104,900 (Break Sell Zone) may lead to: Continuation toward 109,525 Needs volume confirmation and candle close above resistance 🔴 Bearish Scenario Rejection at current resistance and break below 104,000 support could trigger: Drop to Target 1 (96,969), supported by the 50 EMA Possible bounce around 100,284 minor support first ✅ Summary Key Decision Zone: 104,000–104,900 Watch for breakout or breakdown confirmation EMA 50 & previous resistance at 100,000 area could act as interim support Trend remains bullish unless the price decisively breaks below the 50 EMA
BITSTAMP:BTCUSD
by Fxhenry22
BTC/USD) Resistance level pullback Read The ChaptianSMC Trading point update Technical analysis of Bitcoin (BTCUSDT), highlighting key levels and potential price movements based on trend channels, support/resistance, and RSI. Here's the breakdown: --- Key Elements in the Analysis: 1. Trend Channel: BTC is trading within an ascending channel, indicating an ongoing bullish trend. The recent price action hit the upper boundary (resistance) of the channel, suggesting potential for a pullback. 2. Resistance Zone: 105,586.06 is marked as a resistance level, where price faced rejection. Strong reaction here suggests sellers are defending this area. 3. Support Zone: A new support level is established around 98,000. This zone aligns with the lower boundary of the ascending channel and previous breakout structure. 4. Target Point (Bearish Projection): The chart projects a potential drop to the 97,367.51 level, representing a ~7.4% correction. This move mirrors the prior leg up, applying a measured move concept. 5. RSI Indicator: RSI is around 66–71, indicating overbought conditions. A bearish divergence or trendline break on RSI suggests weakening momentum. Mr SMC Trading point --- Summary of Trading Idea: Bias: Short-term Bearish (correction within an overall bullish trend) Expected Move: Potential dip toward 97,367.51 support Confirmation: Rejection at resistance, RSI divergence, and trendline break Invalidation: A strong breakout above 105,586.06 would nullify the correction setup and favor continued bullish movement pelas support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
7
USD/JPY Reversal or Breakdown at Key Support ZoneCANDLE MASTER Update! Here's a breakdown of the analysis idea shown: Key Elements: Support Zone (142.40–142.70 area): Price is currently testing this area. It acted as support in the past and may again lead to a bullish bounce. Resistance Zone (145.00–146.00 area): Marked as a strong resistance area, near the 200 EMA. This would be a potential target if the support holds. Next Support Zone (around 140.00–140.50): If the current support fails, price could move toward this lower support level. Moving Averages: 50 EMA (red): Currently above the price, acting as dynamic resistance. 200 EMA (blue): Also above the price, adding confluence to the resistance zone. Potential Trade Scenarios: 1. Bullish Reversal: Price holds at current support. A bounce occurs, and price targets the resistance zone near 145.90. Entry could be confirmed with bullish candlestick patterns or a break above a local high. 2. Bearish Breakdown: Price breaks below the current support zone. Next support target would be around 140.52. Entry could be considered after a retest of the broken support as resistance. This is a classical support/resistance setup with confluence from EMAs and price action zones.
by Fxhenry22
Bullish Rebound from Key Support Zone on US30CANDLE MASTER UPDATE ! Technical Analysis Overview Key Levels: Support Zone: ~40,652 – 40,736 Resistance Zone: ~41,240 – 41,443 Target Point: 41,443 Indicators: EMA 50 (Red): Currently at 41,046.6 EMA 200 (Blue): Currently at 40,652.0 Trading Idea: Bullish Rebound from Support Context: Price recently bounced from the support zone, marked by the green arrow. The support zone overlaps with the 200 EMA, which often acts as a strong dynamic support. A similar bounce occurred earlier (see prior green arrow), leading to a strong rally toward resistance. The current price action is showing a higher low, which may signal bullish continuation. Trade Setup: Entry (Long): Near current level (~41,080), or on a slight pullback. Stop Loss: Below 40,652 (EMA 200 and support base). Take Profit: At or near the resistance/target point at 41,443. Bias: ✅ Bullish – as long as price remains above the 200 EMA and support zone.
CAPITALCOM:US30Long
by Fxhenry22
Bullish Gold (XAU/USD) Setup with Key Support and Target Level CANDLE MASTER UPDATE! with a structured roadmap for a potential move upward based on price zones, fair value gap (FVG), and market structure. Here's a breakdown of the idea: 🔍 Key Elements of the Analysis: Support Zone (Demand) Price bounced twice off the marked support zone (~3,200 - 3,260 USD). These reactions are supported by the 200 EMA (blue), indicating strong underlying demand. The green arrows highlight bullish rejections from this area, showing buyers stepping in. Fair Value Gap (FVG) Price broke through a previous consolidation zone, now labeled as FVG (Fair Value Gap). The recent bullish momentum filled this imbalance, suggesting strength from bulls. Resistance Zone Above the current level lies a resistance zone (~3,480 - 3,520 USD). This is the next likely obstacle, and the projection shows a temporary pullback here before a continuation. Bullish Projection The chart outlines a potential move toward 3,634 USD, marked as the ultimate bullish target. Two projected upward legs of 4.83% and 4.50% show how the price might move in phases: Leg 1: From current to resistance Leg 2: From resistance to final target Moving Averages 50 EMA (red) is turning upward, crossing over recent candles, supporting near-term bullish bias. 200 EMA (blue) is rising, showing long-term bullish support. 🧠 Trading Insight: A pullback to the FVG zone could provide a secondary entry (buy-the-dip). Bullish confirmation (e.g., bullish engulfing or breakout from resistance) can strengthen conviction toward 3,634.
TVC:GOLDLong
by Fxhenry22
EUR/USD Bullish Reversal from Support – Targeting Range High🧠 Analysis Idea Summary: 1. Support Zone: The highlighted yellow box at the bottom is marked as "SUPPORT". Price has bounced from this zone multiple times (see green arrows), showing demand and buyer interest here. 2. Target Zone: The top yellow box is marked as "TARGET", indicating a potential resistance or profit-taking area. The price has previously reacted here, reinforcing it as a logical upside objective. 3. Trend Context: The 50 EMA (red) is just above the current price level (~1.13376), indicating a short-term resistance that could be tested or broken. The 200 EMA (blue) is far below, reinforcing that the larger trend may still be bullish unless the support breaks. 4. Pattern Suggestion: The black arrow suggests a bullish scenario: a short pullback followed by a continuation to the target zone. This resembles a range breakout trade or support-to-resistance bounce setup. 5. Risk-to-Reward: Long entry near support offers a favorable risk/reward ratio targeting the top of the range. ✅ Possible Trading Plan (Not Financial Advice): Entry: On pullback after recent bounce confirmation near 1.13100–1.13300. Stop Loss: Below support zone (e.g., under 1.12800). Take Profit: At the top of the range (~1.14300–1.14500).
Long
by Fxhenry22
Silver (XAG/USD) Bullish Breakout Toward $34.40 Target Key Observations: Support Zone (Around $32.00 - $32.50): Price has respected this zone multiple times (green arrows indicate successful bullish reactions). EMA 50 and 200 are aligned beneath current price, acting as dynamic support (bullish signal). Resistance / Target 1 (~$33.40 area): Price is approaching this area again, previously acting as a resistance. Short-term traders might consider this a partial take-profit zone. Target 2 (~$34.40 area): If the resistance/Target 1 zone is broken and confirmed (as the black arrow suggests), the price could rally toward Target 2. There's room for bullish continuation based on prior momentum and structure. 📈 Technical Outlook: Trend: Bullish (higher lows, EMA crossover) Bias: Bullish continuation if price breaks and retests the $33.40 zone. Risk: Rejection at resistance could push price back toward the $32.00–$32.50 support.
TVC:SILVERLong
by Fxhenry22
BTC/USD Breakdown! Bearish Target: $78K🔍 BTC/USD 30-Minute Chart Analysis 📉 Market Structure: The chart displays an ABCDE corrective pattern, likely a descending wedge or contracting triangle, which has now broken to the downside. Price action shows a breakout below the wedge, leading to further bearish momentum. The 200-period moving average (red line) is acting as resistance, reinforcing the downward trend. 📊 Current Price: ~$83,057 🔻 Bearish Target: $78,049 (marked as the potential support level) 🛑 Key Observations: Rejection from wave E indicates a lack of bullish strength. Lower highs and lower lows confirm a continuation of the bearish trend. Potential retest of ~$85,000 before dropping further. 🚀 Trading Insights: Bearish Bias: Short opportunities on pullbacks toward resistance. Bullish Reversal? Look for price action near $78,049—if buyers step in, a potential bounce could occur. ⚠️ Watch out for: Sudden Bitcoin volatility (news-driven moves). A fake breakdown (if buyers reclaim above ~$85,000).
BINANCE:BTCUSDShort
by MrStellanSight
Bitcoin (BTC/USD) Bearish Breakdown Potential – Key Support Leve: 🔍 Technical Analysis: Resistance Zones (Purple Rectangles at the Top) The price recently hit a resistance area around $92,000. It also tested an ascending trendline (red line) and failed to break higher. Support Zones (Purple Rectangles at the Bottom) There are two significant support areas: First zone around $87,500 - $88,000. Second zone around $82,000 - $83,000. Bearish Expectation (Black Arrow) The price is projected to break down from the current level. A potential lower high formation suggests further decline. Target areas: $88,000 first, then possibly $82,000. 🔥 Conclusion Bearish bias if the price fails to reclaim the resistance. A breakdown below $88,000 could accelerate the drop. Watch for rejection signals at resistance zones before confirming short trades.
BITSTAMP:BTCUSDShort
by Jameshead007
1