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Support and Resistance

Bearish Pressure on USDJPY Likely to Continue With Higher YieldsUSDJPY was rejected at the 38.2% retracement level. Rising yields may continue to exert downward pressure until the 140 support level is tested. The true direction for USDJPY will likely become clearer after that test. Similar to USDJPY, EURJPY has also formed a bearish technical outlook. You can check our earlier post on EURJPY here: Unless EURUSD rises sharply, the downward pressure on both USDJPY and EURJPY is likely to persist.
Short
by ftdsystem
Fresh Del Monte Stock Chart Fibonacci Analysis 052025Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 31/61.80% Chart time frame:D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress:A 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.
NYSE:FDP
by fibonacci6180
Comcast Stock Chart Fibonacci Analysis 052025Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 3/61.80% Chart time frame:D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress:A 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.
NASDAQ:CMCSA
by fibonacci6180
Silver Wave Analysis – 20 May 2025 - Silver reversed from support level 31.70 - Likely to rise to resistance level 33.50 Silver recently reversed from the pivotal support level 31.70 (which stopped the previous minor wave a at the end of April, as can be seen from the daily Silver chart below). The support level 31.70 was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse 1 from April. Silver can be expected to rise to the next resistance level 33.50 (which stopped the previous minor impulse wave 1).
FX_IDC:XAGUSDLong
by FxProGlobal
EURUSD Wave Analysis – 20 May 2025- EURUSD broke daily down channel - Likely to rise to resistance level 1.1370 EURUSD currency pair continues to rise inside the minor impulse wave (3), which started earlier from the strong support level 1.1130 intersecting with the support trendline of the daily down channel from April. The support level 1.1130 was strengthened by the 50% Fibonacci correction of the sharp upward impulse 5 from March. Given the clear daily uptrend, EURUSD currency pair can be expected to rise to the next resistance level 1.1370 (which stopped the previous correction B).
Long
by FxProGlobal
Gold updateAfter the previous level was broken and structure shifted, we’re now entering a new phase of analysis. In this fresh setup, we’re looking for buy opportunities — but not blindly! As always, waiting for a clean pullback to the new zone and a solid entry signal. Experience teaches us: real profits come from patience and planning. Here’s my new gold analysis — high probability, low risk. For detailed entry points, trade management, and high-probability setups, follow the channel: ForexCSP
OANDA:XAUUSDLong
by ForexCSP
Continue to try to short goldTechnical aspects: Gold has risen sharply in the short term and has broken through the short-term resistance area of ​​3250-3260. The structure of the pattern has been biased towards the bullish pattern, and the successful construction of the triple bottom pattern has strengthened the effectiveness of the structural support below. With the rise of the structural low point, the short-term support area below will first focus on the 3260-3250 area, followed by the 3230-3220 area; in addition, after a sharp rise in the short term, gold is facing the 3290-3300 short-term resistance area and the 3215-3225 short-term resistance area above. So I think that in order to grab liquidity, gold may have a need to retreat to the 3260-3250 area in the short term, so we might as well try to short gold in small quantities. Trading strategy: Consider continuing to try to short gold in small quantities at 3280-3290, TP: 3260-3250
OANDA:XAUUSDShort
by Steffen_Schade
Gold Weekly Forecast: XAU/USD Outlook for May 18–24, 2025Hello, 📅 Gold (XAU/USD) Weekly Outlook – May 18–24, 2025 Current Price: $3,203.47 RSI (1D): 53.54 → Neutral ✅ Base Case: Mild Bullish / Range-Bound 📈 Bias: Neutral to Bullish 🎯 Target Range: $3,230 – $3,280 📊 Probability: ~65% Gold is consolidating above prior breakout levels with neutral momentum (not overbought). This suggests more upside is possible unless bearish catalysts emerge. 🔍 Key Support & Resistance Levels Support 1: $3,170 – $3,160 (prior breakout zone, likely defended) Support 2: $3,120 – $3,100 (deeper dip buy zone) Resistance 1: $3,230 – $3,250 (minor ceiling — likely tested soon) Resistance 2: $3,280 – $3,300 (bullish extension target) 📊 Weekly Scenarios 1. Mild Bullish / Sideways (Base Case) 🟢 Probability: 65% 🔁 Price holds above $3,160 🎯 Target: $3,230 – $3,280 2. Bullish Breakout 🟡 Probability: 20% 🚀 Trigger: Geopolitical risk or Fed dovish shift 🎯 Target: $3,300+ 3. Bearish Pullback 🔴 Probability: 15% ❌ Trigger: Strong USD, hot data, or yield spike 🎯 Target: $3,160 → $3,100 🧭 Trade Idea (Example Strategy) Long Entry: Around $3,170 Stop Loss: Below $3,145 Take Profit: $3,230 / $3,280 Risk/Reward: Favorable if price holds support The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1M-1Y timeframes! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAUUSDLong
by TradeWithTheTrend3344
Gold price suddenly rises, how to get out of the trap at night🗞News side: 1. Humanitarian crisis in Gaza Strip, many civilians injured. I hope that world peace is all right 2. The call between the Russian and Ukrainian leaders is still ongoing 📈Technical aspects: After gold fell back after touching 3250, it rose again and has broken through to around 3270. This rapid rise was unexpected. Although the 1H moving average turned upward, the gold price is currently consolidating at a high level. It is not suitable for us to enter the market at this time. We should remain on the sidelines and pay attention to the pressure at 3290 above. The short-term support below needs to pay attention to 3250-2540. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell