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Support and Resistance

ANNUAL CLOSING PREDICTION🌟 XAU/USD Gold Forecast - Monday, December 16, 2024 🌟 Gold (XAU/USD) is heading into Monday with a bullish outlook but faces key resistance at $2,765. A breakout above this level could propel prices higher, aligning with the current uptrend. However, if resistance holds, we might see a correction towards the strong support zone at $2,545. 🔑 Key Levels to Watch: Resistance: $2,765 – A critical ceiling for upward movement. Support: $2,545 – A safety net for price drops. 📈 Market Sentiment: Gold’s momentum remains positive, supported by ongoing economic uncertainties. But keep an eye on potential short-term pullbacks if buyers hesitate at resistance levels. 📅 Week Ahead: Gold remains a top safe-haven asset amidst fluctuating market conditions. Watch for breakout opportunities as the trend develops. Stay tuned for updates and live action on XAU/USD throughout the week! Anticipates gold prices reaching $2,500 per ounce by year-end, assuming a Federal Reserve rate cut
FOREXCOM:XAUUSDShort
by TREXTROFX
From Decline to Opportunity: Total3 Poised for RecoveryAfter breaking below the critical $1.04T support level yesterday, Total3 experienced a sharp decline, finding its footing at a key horizontal support level. This drop coincided with many altcoins also reaching their respective support zones. For traders, this presented an attractive opportunity to enter the market at more favorable prices, effectively halting the downward momentum. Currently, the chart shows a promising reversal forming. As long as this horizontal support level holds, there is a strong likelihood of continued upward movement, potentially paving the way for a new all-time high.
CRYPTOCAP:TOTAL3Long
by Mihai_Iacob
Technical Analysis for Gold Spot/USD (1-Hour Chart)Current Market Overview Current Price: $2,618.80 Trend: Bearish, with a significant downtrend after rejection from the $2,730 zone. However, a recent bounce near the NY Midnight Open ($2,610.32) suggests a potential short-term reversal. Key Levels to Watch: Resistance Levels: $2,640, $2,660, $2,686, and $2,700 Support Levels: $2,610, $2,580, $2,560 Bullish Scenario Technical Factors Price Action: The price has rebounded from $2,610, a critical support level, forming a higher low on the shorter timeframes. Green delta volumes near $2,610 suggest buying activity, supporting the recent bounce. Indicators: The pink EMA cloud is still bearish, but a sustained close above $2,620 will indicate a potential shift in momentum. The buying delta volume dominance (89.39%) signals bullish interest at current levels. Upside Potential: If buyers sustain above $2,620, the next resistance levels are $2,640 and $2,660. A breakout above $2,660 could lead to further upside toward $2,686 and $2,700. Probable Entry Points Entry: Aggressive Entry: Near $2,620 if bullish candles confirm strength (e.g., bullish engulfing). Confirmed Entry: Break and close above $2,640 with volume. Take-Profit Targets Short-term TP1: $2,640 (nearest resistance). TP2: $2,660 (key resistance with heavy sell-side activity). Extended TP3: $2,686 (next major resistance level). Stop-Loss Place SL below $2,610 to limit downside risk. Bearish Scenario Technical Factors Price Action: The price is still below the pink EMA cloud, and lower highs and lower lows dominate the larger trend. Rejection from $2,640 or failure to hold $2,620 will confirm bearish continuation. Volume Analysis: Despite the current bounce, strong sell volumes persist near $2,640 and $2,660, indicating that sellers remain active. Bearish continuation is likely below $2,610. Support Breakdown: A breakdown below $2,610 will open the path toward lower support zones at $2,580 and $2,560. Probable Entry Points Entry: Aggressive Entry: Near $2,640 if price rejects resistance with bearish confirmation (e.g., bearish engulfing). Confirmed Entry: Close below $2,610 with strong sell-side volume. Take-Profit Targets Short-term TP1: $2,580 (major support zone). TP2: $2,560 (key demand zone). Extended TP3: $2,540 (critical support). Stop-Loss Place SL above $2,640 to avoid being caught in a bullish reversal. Summary: Trading Plan Scenario Entry Zone Stop-Loss Take-Profit Targets Bullish $2,620 - $2,640 Below $2,610 TP1: $2,640, TP2: $2,660, TP3: $2,686 Bearish $2,640 - $2,610 Above $2,640 TP1: $2,580, TP2: $2,560, TP3: $2,540 Conclusion Bullish Bias: A break and close above $2,640 will shift the short-term trend bullish, targeting $2,660 and $2,686. Bearish Bias: Rejection at $2,640 or a breakdown below $2,610 will likely push the price lower toward $2,580 and $2,560. Recommendation: Watch price behavior around $2,640 (resistance) and $2,610 (support) for confirmation before entering a trade. Use tight stop-losses and follow volume dynamics closely to align with market momentum.
FX:XAUUSDLong
by ProspireWealth
DXY ANALYSISWe are focusing on the 4-hour time frame chart to analyze the potential moves and changes in DXY's price. Based on my bias, I am expecting a sell in the market today. Let's see what kind of opportunity the market provides. It is very important to get confirmation before taking a trade, so always wait for confirmation. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #DXY 4H Technical Analyze Expected Move.
TVC:DXYShort
by TradeTacticsreal
CVC/USD Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # CVC/USD Stock Quote - Double Formation * 0.24100 USD | Trend Survey Entry | Subdivision 1 * Retracement 1 | Ranging Area - Triple Formation * Pattern | Confirmation At 0.17550 USD | Subdivision 2 * Retracement 2 | Area Conductive | Hypothesis * 012345 | Wave Count Valid | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:CVCUSDShort
by TradePolitics