"This is a very interesting analysis. Support and resistance levels are key in gold trading. Price action never lies. Thanks for sharing your insights!"
Key Levels:*
Resistance: $70,500 | $72,000 | $75,800
Support: $69,000 | $68,000 | $66,000
Current price: $69,157
$69,000 support is extremely critical right now! If this breaks, next major support is $66,000. If it holds, possible bounce to $70,500.
Market is heavily influenced by macro news this week. Always check fundamentals before entering any trade!
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Key Levels now:
Resistance: $4,560 | $4,600 | $4,840
Support: $4,340 | $4,280 | $4,240
Current price: $4,368
$4,560-$4,600 zone is now major resistance. This zone was previous support — now it has completely flipped. Any bounce towards this level could be a sell opportunity.
Gold bulls are in serious trouble right now. This is one of the biggest weekly drops in recent history. Macro factors and strong USD are driving this selloff.
Stay safe — do NOT catch the falling knife! Wait for confirmation before any buy entry.
What's your view on Gold? Comment below!"
Key Levels:
Resistance: $4,370 | $4,460 | $4,560
Support: $4,200 | $4,100 | $4,000
Current price: $4,369
Until price reclaims $4,560 with strong candles, any bounce should be treated as a sell opportunity. $4,000 psychological level is the next major target if selling continues.
This is not the time to be a hero buyer — wait for clear reversal signals!
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Resistance: $68,810 | $69,421 | $71,221
Next Support targets: $66,000 | $63,000 | $60,000 | $55,000
Analysis: Every support level is failing one by one. This is a textbook bearish breakdown. If $67,000 fails to hold, we could see a deeper correction towards $63,000-$60,000 zone. Even $55,000 is not out of the picture if selling continues.
Macro environment is also bearish — strong USD and risk-off sentiment is hurting crypto.
Do NOT try to catch this falling knife! Wait for a clear reversal signal with strong bullish candles and volume before any buy entry.
This is my analysis only — not financial advice. Trade at your own risk!
What's your view on BTC? Comment below!
Resistance: $67,600 | $69,421 | $71,221
Support: $66,000 | $65,600 | $64,800
Analysis: BTC is currently sitting on a critical support zone at $66,000. Price bounced from $65,700 low but recovery looks weak. Every bounce is being sold quickly.
Two scenarios:
If $66,000 breaks → next major target $64,800 and below
If price holds $66,000 and closes above $67,600 → possible short term relief bounce to $69,421
Overall trend is still bearish. Do NOT buy until strong confirmation!
This is my analysis only — not financial advice. Trade at your own risk!
What's your view on BTC? Comment below!