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Support and Resistance

Is there more than $100 room for gold to fall? 💡Message Strategy Gold is under the dual pressure of risk aversion cooling and dollar strengthening in the short term. As the high-level negotiations between Asian powers and the United States entered the second day in London, the market was optimistic about reaching an agreement in the field of export controls, which improved the overall risk sentiment and safe-haven assets such as gold were under obvious selling pressure. At the same time, the US non-farm payrolls report last week far exceeded expectations, further suppressing expectations of a rapid rate cut this year, pushing up the US dollar index, and putting pressure on gold at the $3,340 mark. Recently, the gold price has failed to effectively break through the 200-hour moving average, reflecting the lack of bullish momentum, and the short-term trend is likely to be consolidated or further adjusted. 📊Technical aspects From a technical perspective, gold prices fell again after failing to test the 200-hour moving average and are currently fluctuating below $3,340. Hourly chart indicators (MACD, RSI) show that bearish momentum continues to increase. If the price falls below the previous trading day's low of $3,290, it will further open up space to fall back to the May 29 low of $3,245 or even $3,200. The first support is in the 3340 area. After breaking through, it may accelerate the decline to test 3290; if this position is lost, it may re-test the 3200 integer mark. 💰 Strategy Package Short Position：3340-3355,3355-3365
TVC:GOLDShort
by TheodoreSilas
1
Has JD.com Bottomed?JD.com has languished for a couple of months, but some traders may think the Chinese e-commerce stock has bottomed. The first pattern on today’s chart is the April low of $31.80. JD closed below the level once in May but quickly rebounded. That could be interpreted as a false breakdown. Second, MACD made a higher low as prices made a lower low . Such “bullish divergence” can potentially signal reversals. Third, the stock crossed above the 8- and 21-day exponential moving averages and is pulling both higher. That may suggest its short-term direction is now pointing upward. Fourth, the rising 200-day simple moving average could reflect the presence of a longer-term uptrend. Last, consider the February low around $38. JD stalled around the same area in April and May. With the stock more than 10 percent below that old resistance, could chart watchers see further space to the upside? Check out TradingView's The Leap competition sponsored by TradeStation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:JD
by TradeStation
Nifty facing trendline resistance and RSI cooling down. Nifty had come close to overbought zone. Not that it was immensely overbought. It is also facing a trendline resistance which is hampering it's further progress. Bears are trying their best to bring it down while Bulls are trying to pull it above the trend line. The trade is in perfect balance right now. Once during the day Nifty had broken the trendline resistnace too as it made a high of 25199 but could not sustain the levels and was pulled down immediately. 25055 provided support and kept it Flat. Supports for Nifty now remain at 25052, 24957, 24917 (Mother line of hourly chart), 24846 is another trend line support. Father line support is at 24614. Below this level bears will take over. Resistances for Nifty remain at 25118, 25199 (Trend line resistance), A closing above 25199 will enable and empower bears as this will be a closing above mid channel resistance too. In such a scenario Bulls can further full Nifty upwards towards 25298 and 25387 levels. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Gold is in the Bearish DirectionHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD 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
BLACKBULL:XAUUSDShort
by ForexMasters2000
1
"Gold Maintains Bullish Momentum, Eyeing $3,435 Resistance"Here is the translation of the article in English: Technically, gold remains stable. The yellow metal continues to trade within a long-term upward channel, as long as gold remains above $3,288, traders are likely to target the next major resistance level at $3,435. A decisive breakthrough of this level could pave the way for a new upward wave. Currently, the short-term trading range is between the support level at $3,330 and the resistance level at $3,435. Expectations remain positive, and any declines are likely to attract new buying interest amid ongoing global uncertainty. Trading Recommendations: Buy Gold Entry Price: $3,333 Stop Loss: $3,288 1. Take Profit: $3,450 2. Take Profit: $3,550
FOREXCOM:XAUUSDLong
by chihaaymen
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A good start to the week with the lower level holding as expected and giving us the tap and bounce for the longs which we wanted to target the 3330-35 level on. This is now completed and if preference is for higher, there is a higher hotspot which could be a possibility. For the above reason, although we may get a RIP from around here it's on the flip with support now 3320, so the higher level is possible in the early session before a retracement which will be level to level for now, unless there is a clean reversal. If we hold that 3320-15 level it's very likely they will want to take this higher! KOG’s bias of the week: Bearish below 3336 with targets below 3306✅, 3299✅, 3297✅, 3285 and 3275 Bullish on break of 3336 with targets above 3345, 3350, 3355, 3367 and 3376 Red boxes: Break above 3310 for 3320, 3332, if held above 3335, 3347 and 3362 in extension of the move Break below 3306 for 3299✅, 3295✅, 3285, 3280 and 3264 in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
BTCUSD Descending channel breakout strong bullish BITSTAMP:BTCUSD Breakout Alert! 4H Timeframe Technical Analysis by Livia 😜 Bitcoin has officially broken out of its descending channel with strong bullish momentum! 📈 Entry Level: $105,500 ✅ 📌 Technical Targets: 🎯 1st Target: $106,800 🎯 2nd Target: $108,700 🎯 3rd Target: $110,300 Momentum looks solid—watch for retests and continuation patterns for additional entries. Always manage risk. 🛡️ 👇 Like, Follow, and Comment your thoughts! 💬 Join us for real-time updates, setups & insights! #Bitcoin #BTCUSD #CryptoTrading #BreakoutAlert #TechnicalAnalysis #LiviaTrades
BITSTAMP:BTCUSDLong
by LIVIATRACK
DeGRAM | BTCUSD fixed above the downtrend line📊 Technical Analysis ● Bulls pierced the descending purple trend-line and closed two candles above the 106 k pivot, confirming a pennant breakout and resetting higher-lows along the black mid-channel. ● Re-test of 104.8 k demand (green band) held as support; the new up-sloping flag projects to the 111.8 k-112 k red supply at the channel roof, with dynamic backup now rising to 103.8 k. 💡 Fundamental Analysis ● U.S. CPI whispers point to a softer June headline while spot-ETF cohort added another 3 200 BTC in two sessions and exchange reserves keep declining, underscoring supply squeeze amid easing rate fears. ✨ Summary Long 104.8-106 k; sustained trade >107 k targets 111.8 k → 115 k. Bull thesis void on a 4 h close below 99 k. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
5
DeGRAM | GBPUSD broke the channel📊 Technical Analysis ● Pullback stalled exactly on the purple trend-support (≈1.348) and the channel mid-line after a false break of the upper wedge, preserving the sequence of higher-lows since May. ● Price is basing inside the 1.337-1.353 support strip; reclaim of 1.3530 would invalidate the bearish trap and open the next channel-median / April swing at 1.3590, while the lower rail at 1.3250 guards the up-trend. 💡 Fundamental Analysis ● UK April wage growth held at 5.7 % y/y, keeping BoE tightening bias alive, while softer US CPI expectations cool Treasury yields—narrowing the rate gap and underpinning sterling. ✨ Summary Long 1.337-1.348; confirmation above 1.353 targets 1.3590, stretch 1.3700. View void on an H4 close below 1.3250. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
1