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Parallel Channel

Is CRWV Ready for a Major Rebound—or a Bigger Crash?The chart shows CRWV moving inside a downward trending channel, and the price is now touching the bottom of the channel, where it has shown a mild bullish reaction. This zone can offer a good risk-to-reward long opportunity, but only if the lower boundary holds. Bullish Scenario (if price holds above the channel bottom) As long as CRWV stays above $68–$72: • Target 1: $90 • Target 2: $105 • Target 3: $118 (top of the channel) Bearish Scenario If the price breaks below $68: • Downside target: $50 • Extended bearish target: $30 Stop-Loss • A confirmed break below $68 with strong bearish volume
NASDAQ:CRWVLong
by isahebdadi
REGENXBIO Breakout of descending channelREGENXBIO NASDAQ:RGNX is gearing up for a big move on its daily chart after holding strong within a multi-month ascending channel. The price action recently pulled back from the top of the channel and has now broken out of a short-term descending channel, indicating that buyers are starting to regain control. The stock is currently sitting right on top of the middle mid-range of the larger ascending channel, which is a key pivot point for a continuation of the rally. If NASDAQ:RGNX can hold this breakout and make a solid move higher, the next major target is that top channel resistance near $14.72.
NASDAQ:RGNXLong
by ledgerdary
ETH - Demand Zone Meets Channel Support… Correction Loading?⚔️ETH is currently trading around a major demand zone, which lines up perfectly with the lower bound of the falling channel. This intersection forms a strong confluence area where buyers typically step in to absorb the selling pressure. 🏹As long as ETH holds above the $2,500–$2,650 zone, we will be looking for long setups, anticipating a big corrective move toward the upper bound of the falling channel. This would align with the natural rhythm of impulse → correction inside a bearish channel. If the bulls manage to defend this area, the next targets sit around $3,500–$3,650, which represent the next key resistance levels. However, a break below the demand zone would invalidate the bullish correction setup and open the door for further downside. ETH is now at a decisive point… will the demand zone trigger the next corrective leg upward? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
2
Bitcoin is falling via the Descending channel As observed in typical market behavior, a descending channel often emerges as a corrective structure following significant upward movements—precisely the pattern currently visible on the Bitcoin chart. This channel reflects a near-term consolidation phase, allowing the market to absorb previous gains and establish a new equilibrium. A decisive breakout above the upper boundary of this channel, particularly when supported by increasing volume, would signal the resumption of the primary bullish trend. In such a scenario, a renewal of upward momentum could propel the market toward new all-time highs, aligning with the broader bullish market structure. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
42
XRPUSDT is near channel support zone As observed on the chart, XRP has initiated a corrective phase within a defined descending channel, experiencing significant downward momentum. The price is now testing the channel's lower support boundary for a potential reversal. A strong reaction at this level, followed by a bullish reversal candle with supporting volume, could signal the start of an upward move toward the channel's upper resistance. A decisive breakout above the channel, especially with increasing volume, would indicate a shift in market structure and likely activate further bullish momentum. In such a scenario, initial technical projections suggest a measured move toward the $4.00 level, which aligns with the pattern's implied volatility and previous key resistance zones. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
6
CRYPTO market see that bottom go for long The total cryptocurrency market capitalization is now testing a critical technical confluence, positioned at both a multi-week channel support and a significant historical demand zone. Following the recent market correction, this level represents a pivotal area where buyer interest has traditionally emerged. Should this support level hold, we anticipate a potential market-wide recovery that would likely catalyze upward momentum across major assets, with Bitcoin expected to lead this bullish reversal. The current price action suggests this zone may serve as the foundation for the next sustainable advance. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
CRYPTOCAP:TOTALLong
by MMBTtrader
1
Wingstop Breakout from Descending ChannelWingstop NASDAQ:WING just triggered its first real shift in momentum. After months of drifting inside a clean descending channel, price has now broken out of that structure and is pressing directly into the long-standing downtrend line that’s been capping every rally since August. The real battlefield sits between $𝟮𝟳𝟬 𝗮𝗻𝗱 $𝟮𝟴𝟬. Clear that level, and the downtrend that’s been weighing on this chart for months could finally be done.
NASDAQ:WINGLong
by ledgerdary
MSTR at a Breaking Point: Reversal Rally or a Deep Breakdown?The chart shows MSTR trading inside a large descending channel, with price now approaching the bottom boundary of the channel — a zone where strong reactions usually occur. The recent sell-off has been steep, indicating the stock is potentially oversold at current levels. 1. Key Support (Bottom of Channel) • Major support: $150 – $160 This is the lower boundary of the descending channel and the most important level on the chart. 2. Bullish Scenario (Green Path) If MSTR finds support at the bottom of the channel: • Price may bounce toward the midline of the channel around $230 – $240. • If momentum continues, the next key resistance is near the 50-day SMA and upper channel resistance at $280 – $300. 3. Bearish Scenario (Red Path) If price breaks below the channel: • A sharp decline toward $100 – $120 becomes likely. • This is the next major support zone below the channel. Bullish Targets • TP1: $230 • TP2: $280 • TP3 (extended target): $320 Bearish Target • TP (Downside): $120 Stop-Loss • A daily candle closing below $150 This would confirm a breakdown from the channel and invalidate the bullish setup.
NASDAQ:MSTRLong
by isahebdadi
My Ideal Elliott Wave Entry ModelThe IMSETT 3/C Entry Model. Every trader wants to catch the big moves the ones that pay quickly and decisively. In Elliott Wave, those moves often come during Wave 3. It's the strongest part of the trend, and when you're positioned early, the risk-to-reward is unmatched. But not every opportunity hands you a clean Wave 3 on a silver platter. Sometimes you’re looking at a Wave C instead. That’s where the 3/C Entry Model comes in. It’s designed to get you aligned with high-conviction moves—whether the market is in a trend or a zig zag. Here’s the edge: both Wave 3 and Wave C often start the same way—a strong, motive push off an AOI (area of interest), followed by a retracement. That shared structure gives us an anchor. Whether we’re labeling it a 3 or a C doesn’t change the fact that the initial impulse gives us clarity, direction, and a place to manage risk. That’s what the IMSETT Model is built around: Identify Motive Scout Entry Plan Track Trade Each step is focused, actionable, and repeatable. You're not trying to outguess the market—you’re reacting to structure, preparing for common behavior, and executing with intent. I do have a video with a walk through. This just the way I look for clarity in setups. As with everything in trading, nothing will work every time so do your own research this is not financial advice. Cheers! Trade Safe, Trade Clarity.
Education
by CryptoKnee
EURUSD: Targets focus on declines to 1.1480 support levelHello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD continues to trade within a clear Downward Channel, maintaining a strong bearish structure characterized by consistent lower highs and lower lows. Early in the chart, the pair formed a prolonged Range Phase, signaling indecision before sellers eventually took control and pushed the price downward. After breaking below the range, EURUSD repeatedly retested the Resistance Area around 1.1550, where the market showed strong bearish reactions. Each bounce into this resistance zone resulted in a clear rejection, proving that sellers consistently defend this area. The chart also highlights multiple Breakout attempts, all of which failed to sustain upward continuation, confirming a lack of bullish strength. Additionally, the chart shows the formation of a Triangle Pattern, with price reacting between the Triangle Resistance Line and the Triangle Support Line. Despite temporary recoveries, every move upward was limited and capped by descending trendline pressure. Currently, EURUSD broke below the minor structure support again, demonstrating that bearish momentum remains dominant. Price is now heading toward the Support Zone near 1.1480, which aligns with both horizontal demand and the Triangle Support Line. This confluence makes it a key level to watch. As long as EURUSD trades below the 1.1550 Resistance Area and stays inside the Downward Channel, the bearish structure remains intact. Any bullish recovery is likely to be corrective rather than trend-changing unless buyers manage to break above major resistance. My Scenario & Strategy I expect EURUSD to continue edging lower toward the 1.1480 Support Zone, following the recent rejection from resistance. A minor upward correction may occur, potentially retesting broken support or the Triangle Resistance Line, but such a move would likely be short-lived without strong bullish confirmation. A confirmed breakdown below 1.1480 would open the path for deeper bearish continuation within the Downward Channel. Only a solid breakout above 1.1550, backed by strong buying pressure, would challenge the prevailing bearish trend. For now, selling the pullbacks remains the more favorable strategy while price stays below major resistance. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
13
XAUUSD: Price Holds Triangle Support, Aiming for $4,120Hello everyone, here is my breakdown of the current Gold setup. Market Analysis XAUUSD is trading within a broad symmetrical triangle structure, where price continues to respect both the Triangle Resistance Line and the Triangle Support Line. After a strong bullish rally inside the Upward Channel earlier, Gold reached the Resistance Area around $4,120–$4,130, where a sharp reversal occurred. This zone has consistently acted as a major supply level, triggering multiple corrections in recent sessions. Following the breakout below the Upward Channel, XAUUSD entered a consolidation phase supported by the Support Zone near $4,000, which aligns with the lower triangle boundary. This level has proven to be a key reaction zone, showing strong buyer interest each time price tested it. Currently, Gold attempted another bullish push after bouncing from the Triangle Support Line. Price is now approaching the Resistance Area once again, but buyers face strong selling pressure around $4,080–$4,120, which overlaps with both horizontal resistance and the descending triangle boundary. A break and close above the Triangle Resistance Line would confirm bullish continuation and likely lead to a retest of higher liquidity levels near $4,180–$4,200. As long as XAUUSD stays above the $4,000 Support Zone, the broader structure remains bullish. However, sustained failure to break the resistance area may result in another corrective move back toward the Triangle Support Line. My Scenario & Strategy From my perspective, as long as Gold holds above $4,000, the bullish bias remains intact. My near-term target (TP1) is the $4,120 Resistance Area, with potential extension toward $4,160–$4,200 if buyers manage a clean breakout above the triangle resistance. I will look for long entries on pullbacks toward the Triangle Support Line or the Support Zone around $4,000–$4,020, especially if bullish rejection patterns appear. If XAUUSD breaks below the $4,000 level, the bullish setup becomes invalid and deeper correction toward $3,960–$3,920 may follow. For now, price action favors a bullish continuation setup, provided support continues to hold. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDLong
by Ratner
16
EURUSD Weakens at Resistance — Pullback Toward 1.1480 ExpectedHello traders! Let’s break down the current EURUSD structure. EURUSD continues to trade inside a broad descending channel, where both the resistance and support lines have been respected multiple times, forming a steady sequence of lower highs and lower lows. Each touch of the upper boundary resulted in a clear Turned Around reaction, confirming the strength of seller control within the overall bearish trend. Earlier, the pair entered a range phase in the left section of the chart, where price consolidated before breaking to the downside. This breakout accelerated bearish momentum, pushing EURUSD toward the lower half of the channel. Subsequent attempts at recovery formed shallow corrections, each aligning with the mid-channel dashed trendline, signaling persistent downward pressure. Recently, price approached the Buyer Zone near the 1.1480–1.1500 region, which also overlaps with the broader Support Level and the lower boundary of the descending channel. This area has previously acted as a strong reaction zone, and buyers are once again attempting to hold this level. At the moment, the EURUSD pair is showing early signs of a potential corrective rebound, with the price aiming for the nearest resistance level around 1.1540, which also coincides with the seller's zone. This region previously acted as support, and is now expected to serve as a barrier for a retest. As long as the pair remains below the descending resistance line, the broader trend remains bearish. A short-term correction to the level around 1.1540 is likely if buyers continue to defend the support level. However, a deviation from the resistance cluster could trigger renewed selling pressure, potentially sending EURUSD back to the channel bottom for another reaction. In my opinion, the price will move towards TP1 with a target of 1.14800. A confirmed break above the descending resistance line would be the first sign of a possible bullish shift, opening the door for a stronger recovery. Please share this idea with your friends and click "Boost" 🚀
Short
by LegionQ8
21
SLPUSDT take a look at this chart soon massive pump SLPUSDT presents a compelling technical setup with significant potential. After an extended bearish period spanning multiple years, the token is now approaching a critical technical juncture. The daily chart shows the asset consolidating near the upper boundary of its long-term trading channel. A decisive breakout above this channel resistance, particularly when accompanied by substantial volume confirmation, could signal the completion of the accumulation phase and mark the beginning of a new bullish cycle. Based on the depth and duration of the preceding basing pattern, technical projections suggest a potential appreciation target of 300% or more upon successful channel breakout validation. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
4
SUI Technical Analysis — Is a Major Reversal Coming?SUI is currently moving inside a large descending channel, consistently respecting both the upper and lower trendlines. Price is now approaching a critical decision zone where two scenarios become likely. Bearish Scenario (Red Path) If the current weakness continues, SUI may drop toward the bottom of the channel, which aligns with the long-term rising trendline. • Support Zone: $0.70 – $0.75 This area is the strongest confluence of support on the chart. A bounce from here would be highly probable. Bullish Scenario (Green Path) If SUI holds above the lower boundary and shows a reversal pattern, we can expect a recovery toward the mid-range of the channel. • First Target: $1.63 • Second Target: $2.38 (midline + major horizontal level) A break above the midline could signal a trend shift. Suggested Trade Plan • Entry Zone: Around $0.75 – $0.80 (lower channel + long-term trendline) • Stop-Loss: $0.60 (below channel + invalidation level) • Target 1: $1.63 • Target 2: $2.38 Risk/reward becomes highly favorable only if price gets closer to the lower trendline.
CRYPTO:SUIUSDShort
by isahebdadi
XRP at a Make-or-Break Moment: Rebound Ahead or Major Breakdown?XRP has now reached the lower boundary of its long-term ascending channel, a level that has historically triggered either strong bullish reversals or major breakdowns. This area represents the true decision point between continuation of the uptrend or a potentially deep correction. Technical Overview Structure • Price has been moving inside a broad ascending channel for more than a year. • It is currently testing the channel support. • The 50-day SMA is above the price → bearish pressure still present. Bullish Scenario (if the channel support holds) If XRP stabilizes above 1.90–1.95: Targets: • Target 1: $2.43 • Target 2: $2.85 • Target 3: $3.20 • Major Target: Channel top near $4.00 Conditions for confirmation: ✔ Holding the lower channel line ✔ Reclaiming the 50-day SMA Bearish Scenario (if the channel support breaks) A daily close below $1.85 would confirm a breakdown. Targets: • Target 1: $1.60 • Target 2: $1.28 • Final Target: $1.00 or lower This scenario becomes active if the channel fails. Suggested Stop-Loss For long positions: $1.85 For short positions (after breakdown confirmation): $2.05
CRYPTO:XRPUSDShort
by isahebdadi
BTCUSDT DAILY ANALYSIS📌 1. Main Condition of BTCUSD Daily From the chart, it is clear that: ➤ BTC is currently in a strong corrective phase (strong downtrend). The daily resistance trendline (red) is very dominant. The weekly support trendline (purple) has already broken → a clear signal of structural weakness. Price is now sitting right inside the Demand OB + High Volume Support zone (green area). This is a logical zone for a buy reaction or relief bounce. 📌 2. Current Price Action ➤ Yesterday’s volume was extremely high. High volume occurring as price hits a demand zone typically indicates one of two possibilities: Seller absorption by large buyers → potential reversal/bounce. Capitulation → final sell-off before sideways or reversal. Based on the candlestick: Yesterday’s candle shows a long lower wick, indicating buyers reacted strongly to demand. But the candle closed red → buyers are not fully in control yet. So, there is a reaction — but not yet a valid signal for a mid-term reversal. 📌 3. Should You Wait for a Bullish Engulfing? I recommend: ✅ Yes — wait for a Bullish Engulfing or Strong Reversal Candle. Because: Market structure is still bearish (lower low – lower high). A bullish engulfing inside a demand zone confirms buyers have taken over. Volume is present → we only need a confirmation candle. Bullish engulfing inside demand + strong volume = high-probability entry. 📌 4. Will BTC Consolidate? After such a sharp decline, BTC often: ➤ Consolidates inside the demand zone before deciding the next direction. This is supported by: Long lower wick Extreme volume spike Price already far from the resistance trendline Price sitting in major demand OB Most likely scenario: BTC will enter a ranging / sideways phase for a few days before breaking up or down. 📌 5. Key Levels Major Support $82,000 – $78,000 = demand + high-volume node If this breaks → next target $73,500, or even $68,000 (long green trendline below). Closest Resistance $90,000 – $92,000 = supply retest + broken structure If price breaks above → potential move toward $96,000.
Long
by RCT8
BTCUSD Short: Descending Channel Targets $89,000 Demand ZoneHello traders! BTCUSD continues to trade within a clear descending channel, maintaining a strong bearish structure characterized by consecutive lower highs and lower lows. The price action repeatedly respected the channel boundaries, confirming solid seller control throughout the recent decline. Each time Bitcoin reached the upper boundary of the channel, it formed a pivot point, initiating another downward wave. Before the latest drop, BTCUSD spent some time moving sideways inside a Range Zone, showing temporary accumulation before sellers regained dominance. The bearish continuation led to another pivot formation near the channel’s resistance, triggering a fresh leg to the downside. Currently, price has now approached the $89,000 Demand Zone, which aligns with the lower boundary of the descending channel. This level has acted as a significant reaction point, generating short-term bounces in previous price swings. The current positioning suggests that buyers may once again attempt to defend this zone. While below the $96,000 Supply Zone and the channel resistance, the broader trend remains bearish. BTCUSD is likely to experience a short-term corrective rebound from the demand area, aiming toward the $92,000–$93,500 region — a previous reaction cluster and local resistance. My scenario is targeting the $89,000 level. However, if Bitcoin breaks below the $89,000 Demand Zone, it may trigger a deeper bearish continuation toward the lower liquidity areas around $88,000 or even lower. A confirmed breakout above $96,000 would be required to invalidate the bearish structure and signal a potential shift in momentum. For now, BTCUSD remains bearish, with a potential short-term correction from demand before further direction becomes clearer. Manage your risk!
BINANCE:BTCUSDShort
by heniitrading
18
BTCUSD: Bearish Momentum Aiming for New LowsHello everyone, here is my breakdown of the current Bitcoin setup. Market Analysis BTCUSD continues to follow a strong bearish market structure, consistently moving inside a well-defined Downward Channel. The chart clearly shows that after a prolonged consolidation phase inside the large Range, Bitcoin attempted both a fake breakout to the downside and a bullish breakout above the upper boundary — but neither attempt resulted in a sustained trend shift. This indicates that buyers lacked the strength to reverse the broader trend. Once price broke down from the range, BTCUSD established a clean sequence of lower highs and lower lows, forming two consecutive downward channels. Each retest of the channel’s upper boundary resulted in a strong bearish rejection, confirming heavy selling pressure at every corrective move upward. Currently, the recent breakout below the minor support line inside the second downward channel once again demonstrates that sellers remain fully in control. Price is currently trading just above the major Support Zone around $90,400–$91,000, which has acted as a short-term demand area. However, the repeated bearish impulses and weak buyer reactions suggest decreasing bullish interest at these levels. BTCUSD is now hovering around support but forming a continuation pattern that leans toward further decline. Failure to break above the $96,000 Resistance Zone, aligned with previous structure and the former trendline, reinforces the bearish outlook. My Scenario & Strategy I expect that Bitcoin will likely attempt a minor corrective push to retest the broken support or the lower boundary of the channel — but any such move is expected to be short-lived unless strong buying pressure appears. After this corrective phase, BTCUSD may continue its decline toward the lower part of the channel and deeper support areas. A confirmed breakdown below the current Support Zone ($90,400–$91,000) would strengthen the bearish scenario and open the path toward the next downside targets. Only a strong breakout above $96,000 — with clear bullish confirmation — would weaken the bearish bias and signal that buyers are stepping back into the market. For now, short positions remain more favorable, especially after corrective pullbacks into resistance zones within the downward channel structure. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BINANCE:BTCUSDShort
by Ratner
1
BNB at Reversal Incoming or Start of a Deep Correction?BNB has pulled back sharply from its parabolic run above $1,300, and price is now sitting exactly on the bottom boundary of the rising channel that has guided the trend since late 2023. This area is extremely important because: • It is the channel support • It aligns with a previous consolidation zone • It’s very close to the 50-day SMA retest zone (which BNB often respects) If this support holds, BNB could stage a recovery rally. But if it breaks down, the chart opens the door to a much deeper correction. Bullish Scenario (If channel support holds) Entry Zone: $780–$820 (BNB is currently inside this zone) Target 1: $987 – This is the next major resistance and midpoint of the previous structure. Target 2: $1,070–$1,100 – Retest of the recent breakdown area and 50-day SMA region. Target 3 (extended): $1,250+ – Only if momentum continues and BTC supports the market. Bearish Scenario (If price loses the channel) A breakdown from the channel plus a daily close below $790 would confirm weakness. Downside Targets: • $700 — First Fibonacci + structural support • $620 — Major support zone from 2024 • $500–$520 — Full channel breakdown target Stop-Loss Suggestion • Stop-loss (swing trade): $760 – A daily close below this level means the channel is broken. • Tighter stop-loss (short-term): $780 Summary BNB is sitting on a critical support level. Hold → strong bounce potential. Break → deep correction likely.
CRYPTO:BNBUSDLong
by isahebdadi
ETH at the Edge! Massive Move ComingBased on your chart, Ethereum is currently sitting right on the lower boundary of the rising blue channel, which is a major decision zone for the next trend. Bullish Scenario If ETH holds the lower blue trendline (around $2,400–$2,500): Bullish Targets 1. $3,200 — mid-channel resistance 2. $3,760 — major structural resistance 3. $4,800 — historical peak & cup-and-handle breakout level 4. $5,500–$6,000 — full bullish channel extension Confirmation for upside • Strong reversal candle on the lower channel • Break & close above the 50-day SMA Bearish Scenario If ETH breaks below the lower channel (~$2,400): Bearish Targets 1. $2,000 — psychological support 2. $1,550 — major previous swing low 3. $1,000–$1,200 — full downside breakdown target Stop-Loss Recommendation (To protect against a channel breakdown) Stop-Loss: Below $2,350 This is slightly under the lower trendline — if broken, the bullish structure fails. Trading Plan Summary • Entry zone: $2,450–$2,600 (channel support region) • Stop-loss: $2,350 • Take Profit (TP): • TP1: $3,200 • TP2: $3,760 • TP3: $4,800 • TP4: $5,500–$6,000
CRYPTO:ETHUSDLong
by isahebdadi
GOLD → Mixed data forms a symmetrical triangle FX:XAUUSD is bouncing off support at 4030, with bulls trying to maintain the current trend. The fundamental backdrop is currently weak for gold, which is why there are bears in the market. The PMI report is coming up... Mixed US employment data (NFP growth to 119K, but unemployment rose to 4.4%) has created uncertainty. The probability of a Fed rate cut in December remains at 40%. Fed officials remain cautious, warning of the risks of premature easing. Focus on the 4070-4082 area and local trend resistance... Gold is awaiting new signals from PMI data. A breakout of the range is likely if there are significant deviations from forecasts (Manufacturing PMI: 52, Services PMI: 54.8) Technically, a symmetrical triangle is forming on the chart, which could keep the market within its boundaries if the fundamental background remains unchanged. However, a breakout of either boundary could trigger a distribution in the direction of the break Resistance levels: 4080, 4110 Support levels: 4040, 4030, 4006 In the medium term, gold currently looks weak. The reaction to support is weakening, a cascade of levels and a downward resistance line are forming. The market may test the 4080 area, but if the PMI is weak, gold will return to attack the trend support. However, a break above 4082 and a close above this zone could give us a chance for growth. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
20
Gold Analysis: Buyers vs Sellers Near Critical LevelsHello traders! Let’s take a look at XAUUSD (Gold). XAUUSD is currently trading within a broad corrective structure, moving between a well-defined Resistance Level near $4,100 and a strong Support Level around $4,030. Throughout the recent sessions, Gold has repeatedly reacted to these two key zones, forming clear ranges and turnarounds visible on the chart. Earlier, price created a large Range Phase, followed by a sharp rejection from the upper boundary of the descending Resistance Line, confirming continued selling pressure from higher levels. The repeated “Turned Around” reactions along this trendline show that sellers remain active every time price approaches the upper trend boundary. After breaking below the Seller Zone around $4,100, Gold retraced into the lower structure and entered the Buyer Zone, which aligns with both horizontal support and the ascending Support Line of the current bullish correction. This confluence makes the $4,030–$4,050 region a major demand area. Recently, XAUUSD bounced strongly from the Support Line, but the recovery stalled at the Seller Zone, where price is now showing signs of rejection once again. This confirms the zone as a significant barrier for buyers. A rejection from this level may trigger another downward movement toward the Support Level around $4,030, where buyers previously stepped in aggressively. As long as Gold trades below the descending Resistance Line and the $4,100–$4,110 area, the market retains a bearish-to-neutral tone. Only a clean breakout above this zone would signal a shift toward a stronger bullish phase and open the path to higher resistance levels. As long as XAUUSD remains below the $4,100 Resistance Level, sellers retain the advantage. I expect price to potentially reject the Seller Zone and move back toward the $4,050–$4,030 Support Level. A rejection from resistance sends price down toward $4,030, where buyers may attempt another defense. Break below this level opens the door for deeper correction. Overall, the market currently favors selling pullbacks into resistance, while the Support Line remains the key area for defending bullish structure. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
23