📊 Current Price: ~105,108 USDT
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🔵 Support Zone (Highlighted in Purple)
Zone Range: ~102,500 – 103,800 USDT
💡 Historical Significance:
This zone has acted as a strong support multiple times (📍June 13 & June 4), marking clear demand and buyer interest.
🛡️ Buyers stepped in strongly, causing sharp price reversals from this level.
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🔴 Resistance Zone (Highlighted in Blue)
Zone Range: ~109,500 – 111,000 USDT
🔼 Marked with multiple failed breakout attempts (📍May 21 and projected again around June 18-20).
⛔️ Sellers dominate this zone, causing price rejection each time it was tested.
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🔁 Rounded Bottom Formation (Cup Pattern?) ☕️
⚙️ A smooth rounded recovery pattern is forming, indicating accumulation and potential bullish continuation.
📈 If price sustains and retests the resistance again with momentum, we may see a breakout attempt.
---
🧭 Key Takeaways
Indicator Insight
🟣 Support Well-defined, historically respected zone. Good risk/reward for long entries.
🔵 Resistance Strong sell pressure zone. Needs breakout for bullish confirmation.
☕ Pattern Rounded bottom = bullish setup if volume supports the breakout.
📆 Watch Zone June 17–20 – potential resistance retest.
🔔 Risk Area Failure to hold mid-range (~105K) could lead to a retest of support.
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🚀 Bullish Scenario
✅ Break and close above 111,000 USDT with volume.
📍 Target: 113,500–115,000 USDT 📈
🐻 Bearish Scenario
❌ Rejection at resistance again.
📍 Retest of support zone ~103,000 USDT or below.
---
🔵 Support Zone (Highlighted in Purple)
Zone Range: ~102,500 – 103,800 USDT
💡 Historical Significance:
This zone has acted as a strong support multiple times (📍June 13 & June 4), marking clear demand and buyer interest.
🛡️ Buyers stepped in strongly, causing sharp price reversals from this level.
---
🔴 Resistance Zone (Highlighted in Blue)
Zone Range: ~109,500 – 111,000 USDT
🔼 Marked with multiple failed breakout attempts (📍May 21 and projected again around June 18-20).
⛔️ Sellers dominate this zone, causing price rejection each time it was tested.
---
🔁 Rounded Bottom Formation (Cup Pattern?) ☕️
⚙️ A smooth rounded recovery pattern is forming, indicating accumulation and potential bullish continuation.
📈 If price sustains and retests the resistance again with momentum, we may see a breakout attempt.
---
🧭 Key Takeaways
Indicator Insight
🟣 Support Well-defined, historically respected zone. Good risk/reward for long entries.
🔵 Resistance Strong sell pressure zone. Needs breakout for bullish confirmation.
☕ Pattern Rounded bottom = bullish setup if volume supports the breakout.
📆 Watch Zone June 17–20 – potential resistance retest.
🔔 Risk Area Failure to hold mid-range (~105K) could lead to a retest of support.
---
🚀 Bullish Scenario
✅ Break and close above 111,000 USDT with volume.
📍 Target: 113,500–115,000 USDT 📈
🐻 Bearish Scenario
❌ Rejection at resistance again.
📍 Retest of support zone ~103,000 USDT or below.
Market Analysts, Mentor, Forex Trader.
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Market Analysts, Mentor, Forex Trader.
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.