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Support and Resistance

Why I Think Gold Will Continue Buying...Technical AnalysisHey Rich Friends, Happy Monday! I think Gold will continue to buy today and maybe this week. This is only my technical analysis so make sure to check the news and cross-reference any indicators you have on your charts. - The candles have crossed and closed above the previous high on H1 and H4 showing bullish momentum. - After the break of the previous high, H1 was resistance has been retested as support confirming bullish momentum. - The stochastic is facing up, the fast line (blue) is above the orange line (slow) and 1 or both lines have crossed above the 80% line. These are bullish confirmations for me. Additional information: - Wait for the current candle to close for more bullish confirmation. - I would set buy stops/TPS to 3400. I will be using previous highs as TPs and previous lows as SL. Only enter this trade if it make sense to you. Peace and Profits, Cha
OANDA:XAUUSDLong
by MoneyMantraCha
CADJPY Wave Analysis – 9 June 2025 - CADJPY reversed from resistance area - Likely to fall to support level 104.00 CADJPY currency pair recently reversed down from the resistance area between the pivotal resistance level 106.00 (which has been reversing the price from March), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from January. The downward reversal from this resistance area stopped the previous short-term correction 2. Given the strength of the resistance level 106.00 and the daily downtrend, CADJPY currency pair can be expected to fall to the next support level 104.00.
Short
by FxProGlobal
Palladium Wave Analysis – 9 June 2025 - Palladium broke resistance area - Likely to rise to the resistance level 1100.00 Palladium previously broke the resistance area between the resistance level 1033.50 (which has been reversing the price from November) and the 50% Fibonacci correction of the downward ABC correction (B) from October. The breakout of this resistance area accelerated the active minor impulse wave 3. Given the improved sentiment across the precious markets, Palladium can be expected to rise to the next resistance level 1100.00 (target price for the completion of the active minor impulse wave 3).
FX_IDC:XPDUSDLong
by FxProGlobal
Solana Wave Analysis – 9 June 2025 Solana: ⬆️ Buy - Solana reversed from the support zone - Likely to rise to the resistance level 163.80 Solana cryptocurrency recently reversed up from the support zone between the key support level 141.65 (which has been reversing the price from April), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from April. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern, the Piercing Line. Given the improved sentiment across the cryptocurrency markets, Solana can be expected to rise to the next resistance level 163.80 (top of the previous wave B).
CRYPTO:SOLUSDLong
by FxProGlobal
Bitcoin Wave Analysis – 9 June 2025 - Bitcoin broke daily down channel - Likely to rise to resistance level 110,000.00 Bitcoin cryptocurrency recently broke the resistance trendline of the daily down channel from May (which encloses the previous ABC correction 2 from the end of May). The breakout of this down channel accelerated the active minor impulse wave 3 of the intermediate impulse wave (3) from the start of April. Given the clear daily uptrend, Bitcoin cryptocurrency can be expected to rise to the next resistance level 110000.00 (which reversed the price in January and May) – the breakout of which can lead to further gains toward 115000.00.
BINANCE:BTCUSDLong
by FxProGlobal
Rebound is a good opportunity to short goldGold gradually rebounded after touching 3295. The highest price has rebounded to 3338. Although the rebound has reached $43, the upward momentum is not strong during the rebound. Therefore, the current rebound cannot be confirmed as a reversal trend. Moreover, gold has not yet effectively broken through the 3330-3340 area. Gold is still weak in the short term. Gold still has the potential to fall after the rebound. It will at least retest the 3315-3305 area again. Therefore, there is no need to fear the rebound of gold for the time being. The rebound of gold is a good opportunity to short gold. I think gold will at least retest the 3315-3305 area again, and even exceed expectations to the area around 3280. Shorting gold is the password for profit in the short term!
OANDA:XAUUSDShort
by Steffen_Schade
NZDUSD to continue in the upward move?NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 0.6050 will confirm the bullish momentum. The measured move target is 0.6075. We look to Buy at 0.6020 (stop at 0.5995) Our profit targets will be 0.6070 and 0.6075 Resistance: 0.6050 / 0.6070 / 0.6075 Support: 0.6025 / 0.6020 / 0.6000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed. Update idea Add note
Long
by OANDA
1
A Logarithmic Projection of Silver's LONG TERM Cup and HandleSilver is perhaps one of the most under-valued assets of our time, with bubbles ragining in almost all asset classes, poor lowly silver is sitting well below historical fair value, when priced in gold. But The Gold Silver Ratio being at such extremes does not mean Silver will rise, it is indeed possible for Gold to collapse and for Silver to merely hold steady-ish, and the gold silver ratio would be back in-sync. What makes this particular time of such undervaluations in Silver so interesting, is that on long term time frames we see some extrenely powerful chart patterns that have been shaping up for 50 years or so. It is a Bullish Cup and Handle Pattern and we're currently drawing in what could be the last few months of the handle and if we confirm this pattern, chartists would give price targets between $90 on the low end and $700 on the high end. I've show the reasons for both extremes below. Reality, likely, will wind up being somewhere between both camps (if we do confirm the pattern) and someone will get cheeky with some Fibs and say they saw the top coming all along, or something, lol. Historically Silver has pulled back HARSHLY after these moves, as much as 80-90%, however that was when the USD still had a very high likelihood of remaining the world resere currency still moving forward. If this happens, this time that won't look so certain, but I would still expect major volatility once a top is found and a pretty wide trading range to form.
TVC:SILVERLong
by mattrazz1100
Linear Projection for Silver LONG TERM Cup and Handle Pattern.Silver is perhaps one of the most under-valued assets of our time, with bubbles ragining in almost all asset classes, poor lowly silver is sitting well below historical fair value, when priced in gold. But The Gold Silver Ratio being at such extremes does not mean Silver will rise, it is indeed possible for Gold to collapse and for Silver to merely hold steady-ish, and the gold silver ratio would be back in-sync. What makes this particular time of such undervaluations in Silver so interesting, is that on long term time frames we see some extrenely powerful chart patterns that have been shaping up for 50 years or so. It is a Bullish Cup and Handle Pattern and we're currently drawing in what could be the last few months of the handle and if we confirm this pattern, chartists would give price targets between $90 on the low end and $700 on the high end. I've show the reasons for both extremes below. Reality, likely, will wind up being somewhere between both camps (if we do confirm the pattern) and someone will get cheeky with some Fibs and say they saw the top coming all along, or something, lol. Historically Silver has pulled back HARSHLY after these moves, as much as 80-90%, however that was when the USD still had a very high likelihood of remaining the world resere currency still moving forward. If this happens, this time that won't look so certain, but I would still expect major volatility once a top is found and a pretty wide trading range to form. We expect governments to continue to devalue their currencies, deficit spend, take part in QE programs and other monetary tricks to inflate away the debate. They won't actually inflate it away, of course, it'll just become a more enormous monster, but that's another administration/generation's issue to deal with!
TVC:SILVERLong
by mattrazz1100
1
XAU could go up to 3820 by mid of July 2025XAU has been following a parallel channel since January 2025. If we assume it will reach the channel's highest resistance by July 15, 2025, its value will be around 3820. I have drawn Fibonacci channels, which can indicate possible future support and resistance levels. The Fib 0.5, 0.618, and 0.786 levels are very important resistances. How to invest in Gold? Whenever you find the XAU price at its support level, take a buy position. Whenever you find the price at a resistance level, sell your positions. Note: I never suggest a short recommendation for Gold, as it is always bullish—or maybe I'm just biased toward Gold.
OANDA:XAUUSDLong
by aqma
XAU could go up to 3820 by mid of July 2025XAU has been following a parallel channel since January 2025. If we assume it will reach the channel's highest resistance by July 15, 2025, its value will be around 3820. I have drawn Fibonacci channels, which can indicate possible future support and resistance levels. The Fib 0.5, 0.618, and 0.786 levels are very important resistances. How to invest in Gold? Whenever you find the XAU price at its support level, take a buy position. Whenever you find the price at a resistance level, sell your positions. Note: I never suggest a short recommendation for Gold, as it is always bullish—or maybe I'm just biased toward Gold.
OANDA:XAUUSDLong
by aqma