Brent Crude Hits Key Supply Zone After BreakoutPrice has aggressively broken out from the descending wedge and reached a strong 4H & 1D resistance zone between 74.50–76.00.
• 1D Chart: Sharp breakout from long-term descending trendline. Approaching resistance from Feb-April supply area.
• 4H Chart: Bullish structure confirmed by higher lows and breakout of ascending channel.
• 1H & 23m Chart: Consolidating beneath resistance, forming a triangle structure.
Key Zones:
• Support: 71.50–72.00
• Resistance: 74.50–76.00
Bias: Neutral short-term (range). Bullish if 76 is broken and held.
Builtnotbegged
Gold Testing Daily Resistance – Will the Breakout Hold?Gold is currently testing a major 1D resistance zone at 3432–3450 after a strong bullish move.
• 1D Chart: Price has rallied back into the resistance zone after bouncing from ascending trendline support.
• 4H Chart: Strong momentum candle broke through the prior 4H resistance zone at ~3360, confirming bullish pressure.
• 1H & 23m Chart: Price is holding within a bullish channel, but showing signs of consolidation under key resistance.
Key Zones:
• Support: 3380 / 3360
• Resistance: 3432–3450
Bias: Bullish above 3360. Needs daily close above 3450 for continuation.
NASDAQ Pullback or Reversal? Watching 4H Support ZonePrice is reacting from the 1D resistance zone around 21,950 and now hovering near a 4H support zone at ~21,520.
• 1D Chart: Long wick rejection from resistance.
• 4H Chart: Break of rising wedge and rejection from 1H trendline.
• 1H & 23m Chart: Clear bearish order block formed. Price consolidating under broken structure.
Key Zones:
• Support: 21,500 / 21,325
• Resistance: 21,900 / 22,000
Bias: Bearish below 21,750. Retest of support expected.