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Support and Resistance

A sad week for GOLD, a happy week to tradeBehold gold, approaching the lowest support from gold's current range, we are eyeing to long a quick 16 win to loss ratio of this asset. This bounce is expected to occur within a matter of hours hoping to take profit at the target or just trail the stop loss while moving up. We are currently on a great support to bounce off off but I believe the lowest for the week is not yet printed. If we go up from here, i will be looking for a short setup But for now, I will be waiting for this level.
COMEX:GC1!Long
by christoferjuliussayco
Stock Of The Day / 12.19.24 / OMER12.19.2024 / NASDAQ:OMER Fundamentals. Growth on the back of positive results from a treatment trial. Technical analysis. Daily chart: A pullback on an uptrend after a long accumulation. Strong daily level 12.00 is ahead, which stopped the upward movement at the end of November. Premarket: Gap Up by 30% on moderate volume. Trading session: After the opening, we observe a trending upward movement with confirmation of the 12.00 level. We observe a volume output that is twice the volume at the beginning of the trading session some time after the breakout of the 12.00 level. This may serve as a signal for the trend to be exhausted. We consider a short deal in case of a return below the 12.00 level. Trading scenario: false breakout with retest of level 12.00 Entry: 11.78 on the breakdown of the structure of the mini-tightening after the breakout and retest of level 12.00. Stop: 12.06 we hide it behind the level with a reserve for slippage. Exit: Close part of the position before the level of the first pullback 10.60 (RR 1/4), close the remaining part of the position upon return and holding above the level of 10.60 (RR 1/4). Risk Reward: 1/4
NASDAQ:OMER
by AlexX31
Fundamental Analysis of EURUSDEURUSD is trading in the support area which has been respected by the price action since December of 2022. Similarly, there is an area of resistance. There are two scenarios based on the current geopolitical tension and the policy of the new administration in the US. Scenario#1: Risk OFF or USD depreciates against EUR and other currency pairs The new US administration will take charge in Jan 2025, and by that time if the Scenario#2 has not happened then the EUR should appreciate significantly against USD. The new administration is expected to be business friendly. The US economy should get an ultra-boost because of lower taxes and less regulations. There are many other promises made by the winning party like the increase in import tariffs on all the countries, deportation etc., maybe those promises were to attract voters. We don't know how it will play out, so we go with the simple approach that republican party means less regulation, hence business friendly. Scenario#2: Risk ON or USD appreciates against EUR and other currency pairs This scenario could play out even before the new administration takes charge!!! We don't know if it is a bluff from Russia or a real threat, but the fear of nuclear war can be frightening. Whenever there are major escalations in the world, the USD appreciates and that is as simple as 1 + 1 = 2, right?
by spranav
1
L TRADE This trade was based on previous HIGHEST HIGH and past LOWEST LOW my strategy consist of support and resistance areas as you can see this chart was an L I didn't take in consideration that the overall chart was bearish that's why its all ways good to start from DAILY and work yourself down to the 5 MINUTE for the entry... at least from my ENTRY CHECKLIST !! This is what happens when you get greddy and don't look at the overall charts this is something to truly remarkable for a NEWBIE hope you all learned from this > God Bless.
PYTH:ACTUSDShort
by rey_money
QQQ Sell to $497-501 Weekly Resistance for Buying opportunity A 52 week high was made on Monday, December 16 at $539 on QQQ . The fed Powell released the news he’s cutting rates by a quarter of a percent which caused the market to plummet ,Banks also manipulating the market to get into these buying opportunities. We are currently failing to break above 520 , also struggling to fully break below 515 . We will continue to sell down once we pass 515 . Looking at my chart on the weekly timeframe appears is 501-497 is the actual resistance that we are heading to now. It may look like 515 is the resistance, but in all actuality, it does not appear to be a Stronger demand zone than 500 to 497. Once we get here, look for buying opportunities at the new year will bring in New yearly, highs, and new yearly lows. For now, we should be in puts to $500.
NASDAQ:QQQ
by MuggaMatrix
NVST Symmetrical Triangle Breakdown - Key Levels to Watch! The **30-minute chart** for **NVST** indicates a potential breakdown from a **symmetrical triangle pattern**, signaling bearish momentum: - **Entry**: $17.92 (yellow line - breakdown level) - **Stop Loss (SL)**: $17.61 (white line - support zone) - **Target 1 (T1)**: $18.55 (red line - first resistance) - **Target 2 (T2)**: $19.16 (green line - major resistance level) Price is testing key levels, with volume suggesting momentum for either a bounce or further breakdown. Monitor closely for confirmation. #NVST #TradingSetup #TechnicalAnalysis #NYSE #StockMarket
NYSE:NVSTLong
by Xeeshan79
SENDAI - BUY ON DIP ?SENDAI - CURRENT PRICE : RM0.570 SENDAI is uptrend for long term view as the share price is trading above 200-day EMA. In short and medium term the trend is sideways. However, I expect the stock may trend higher in the upcoming sessions as there are several bullish scenario appears on the chart. i) The share price manage to breakout 50-day EMA ii) Price bounce from support level of ICHIMOKU CLOUD indicates that buying interest is sufficiently strong to overcome selling pressure iii) CHIKOU SPAN also manage to bounce from CLOUD support level iv) RSI (above 50) heading upwards and stochastic oscillator is in oversold zone v) High trading volume than previous sessions. Technically it is a BUY ON DIP for this stock. ENTRY PRICE : RM0.560 - RM0.575 TARGET PRICE : RM0.625 and RM0.690 STOP LOSS : RM0.530 TAYOR !
MYX:SENDAILong
by IMRAN_96
DOGEUSDT - Woof Woof! Is the Dog About to Run?Currently trading at 0.35625, DOGE is sitting snugly at the 0.382 Fibonacci retracement from its epic 2021 run. This zone is also a solid support range from back in the day, acting like a comfy dog bed for price action. If DOGE can hold the line here, we’ve got clear skies to 0.43—there’s barely any resistance to chew through above. Let’s zoom out. The ATH weekly close is parked at 0.5690. Breaking that level could send the dog straight to the 0.92 zone, completing a trend-based Fib extension off the ATH. That’s almost a full retracement and extension play—prime for the meme magic to kick in. DOGE has a history of wild moves when no one’s looking. Meme coins don’t follow logic—they follow hype. When the alts run, they run fast and furious. Keep an eye on volume spikes and sentiment shifts, because when the Dogefather calls, you don’t want to miss it. 🐕‍🦺💨 TL;DR: Support at 0.35625 (0.382 Fib + 2021 levels). Resistance at 0.43 and 0.5690 (ATH weekly close). Extension target: 0.92—let’s complete that trend-based Fib! Trade smart, stay degen. Let the memes fly. 🚀
Long
by chartzard1337
GBPAUD to the moon?Taking a long position on GBPAUD, main reasons being: - BoE holding interest rates for now and less rate cuts are expected next year, could drive more institutions to hold GBP and increase it's value - AUD are trade partners with China who are experiencing significant economic instability - COT traders are 57% long on GBP (+2.14% compared to last week) - COT traders are 52% long on AUD, but are adding more short positions (-4.53% change in net long positions compared to last week) - Retail traders are 93% short on GBPAUD (I find that retail is usually wrong, so this is a positive signal for GBPAUD longs in my book) This trade is more based on Australia's weakness rather than Britain's strength. I was also thinking of shorting AUDJPY (see previous trade idea) or AUDUSD. I couldn't get in a position that I liked on AUDJPY (yet) and I'm already in a short position on EURUSD, so I want to diversify a bit away from the US Dollar. The reason I'm entering here is because it is filling an imbalance candle, and it's also at the 0.682 mark on the Fibonacci retracement tool. If I get taken out I don't mind, there may be better entries on GBPAUD available if that happens, or there may be an opportunity to short AUDJPY instead, which I prefer the fundamentals of. Don't take this as investment advice, I'm just sharing what I'm doing. Please don't follow me blindly, create your own strategy and ideas.
Long
by ciantrades
2
Nasdaq Futures Rebound or More Decline? Key Levels and StrategieDive into today's analysis of Nasdaq futures for Thursday, December 19, 2024. After yesterday’s significant 1,000+ point drop following interest rate announcements, we assess whether the market will rebound or continue its decline. Here's what you'll discover: 📉 Short Strategies: Key levels like 21,620 and 21,540, with setups to capitalize on continued bearish momentum. 📈 Long Opportunities: Critical zones for potential recoveries, such as 21,700 and 21,870, targeting a resumption of the rally. 📊 Market Context: Insight into yesterday’s drop and its implications for both intraday and longer-term trends. If you’re looking for actionable insights and high-probability setups in a volatile market, this video is for you. Learn how to react to price movements and position yourself effectively. 🔗 Subscribe now for daily market updates, trading strategies, and exclusive content to enhance your trading performance. Don’t miss it!
CME_MINI:MNQH2025Short
by BinvestorsTrading