𝐆𝐨𝐥𝐝𝐞𝐧👁️ - 𝐓𝐡𝐞 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 Support and resistance are areas where buyers and sellers repeatedly battle for control. They aren't exact prices, they're zones where market psychology tends to repeat. - Support = Demand exceeds supply, causing buyers to step in. - Resistance = Supply exceeds demand, causing sellers to take control. How to identify them: ➡️ Mark major swing highs and swing lows. ➡️ Connect multiple swing highs to identify resistance. ➡️ Connect multiple swing lows to identify support. ➡️ The more times a level is respected, the more important it becomes. Don't trade the level, trade the reaction. Wait for confirmation: ➡️ Bullish reversal candles at support. ➡️ Bearish reversal candles at resistance. ➡️ Higher-than-average volume adds conviction. ➡️ Momentum indicators like RSI and MACD can help confirm the move. How to trade them: ➡️ Buy after bulls defend support and confirm a pivot low. ➡️ Trim profits or look for shorts when bearish signals appear at resistance. ➡️ A breakout above resistance often turns that level into new support. ➡️ A breakdown below support often turns that level into new resistance. Common mistakes: ➡️ Buying directly into resistance. ➡️ Shorting directly into support. ➡️ Treating support and resistance as exact prices instead of zones. ➡️ Ignoring the primary trend. ➡️ Entering before confirmation. Support and resistance don't predict where price will go, they identify where probability shifts in your favor. Be patient, wait for confirmation, define your risk, and let price prove your thesis before entering a trade. Learn price action-focused technical analysis for just $0.15/day at https://t.co/eSUjAzvx4o. Get exclusive charts, alerts; key setups, and a private X community to boost your trading confidence. Plus, access our daily commodity video newsletter covering #GOLD, #SILVER, #BITCOIN, #URANIUM, #COPPER, #CL, #COFFEE and more with price action coaching. Join hundreds of traders today at https://t.co/piEjMamo61. #StockMarket #Trading #TechnicalAnalysis #PriceAction #SwingTrading #Investing #RiskManagement #TraderEducation #Stocks #GOLD #SILVER #COPPER #BITCOIN #CL #PALLADIUM #URANIUM #DXY #platinum $GLD $XAUUSD $GC $GDX $DXY $URA $WTI $SLV $COPX $BTC $PAAS $AG $NEM $URNM $URNJ $FCX $PALL $NVDA $TSLA $AAPL #XAUUSD $DXY $SILJ $SILV $GDXJ $BTC $PALL
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