Drawing support and resistance correctly means using reversal clusters, zones, and higher timeframe priority.

Support and resistance mark price levels where buying or selling pressure has historically paused or reversed movement.

Trend identification methods include swing point analysis, moving averages, and trendlines used together for confirmation.

Uptrends show higher highs and lows, downtrends the opposite, and sideways markets oscillate within a range.

The Dollar Index sits near the 100 level ahead of today’s US PPI report, testing a rising trendline and support near 99.42.

A market trend describes the general directional bias of price movement, forming a backbone for technical analysis.

Price action reads raw candle behavior and structure at key levels, considered the purest form of technical analysis.

Technical analysis uses price charts while fundamental analysis uses economic data, and many traders combine both.

Gold has been rejected four times at the $4,430 to $4,480 zone, a level now acting as a well-defended near-term ceiling.

Technical analysis works by combining price structure reading with indicator confirmation into a trading decision.