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Today analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ successfully rebounded and closed higher. Yesterday was a day where selling at the 3-day moving average was possible, and after rebounding to the 3-day line, it faced resistance and closed at that level. The rebound appears to be a recovery from the excessive drop on Monday due to overblown concerns about China's Deepseek. On the daily chart, the MACD remains above the signal line, maintaining a buy signal, which suggests further attempts to rebound are likely. Additionally, today’s FOMC meeting and major corporate earnings reports will be pivotal in determining whether the downward gap created on Monday will be filled. On the 240-minute chart, the MACD is attempting a golden cross after the sharp drop and subsequent rebound. If the golden cross is not confirmed and the index falls again, it may test the double-bottom level, so caution is advised when chasing a buying position. However, if the golden cross is confirmed, it would be advisable to adopt a buy-on-dip strategy, as buying momentum remains strong. Today’s primary strategy should be selling at the 5-day moving average resistance level, making it advantageous to sell at resistance areas near the 5-day line. With strong upward momentum and potential pre-market consolidation due to economic data announcements, a box-range trading approach would be ideal. OIL Oil closed higher, encountering resistance near the $74 level. The daily chart shows that the 240-day moving average acted as support, with a bullish candle forming as oil prepares for another rebound attempt. The MACD still signals a sell trend, but consistent buying efforts could continue. As mentioned earlier, even if oil rises, it’s likely to face pullbacks at certain levels. On the 240-minute chart, a buy signal has been confirmed, with a double-bottom pattern forming alongside a lower shadow, indicating a favorable buy-on-dip strategy. If a strong rebound occurs, prices could rise to the 10-day moving average around $75.50. Selling positions should be avoided for now, with a focus on buy-on-dip strategies. Additionally, be mindful of price volatility due to today’s inventory report. GOLD Gold closed higher, supported by the 10-day moving average on the daily chart. The MACD and signal line on the daily chart still show separation, and gold has recovered both the 3-day and 5-day moving averages, making a buy-on-dip strategy effective. For April contracts, it is crucial to see whether gold can break above $2,815 on the weekly chart and form a bullish candle. Be cautious of increased volatility in gold prices resulting from today’s FOMC meeting outcomes. On the 240-minute chart, the MACD is on the verge of a golden cross. If gold fails to see additional significant gains, the price could form the right shoulder of a head-and-shoulders pattern. If the MACD fails to build further upward momentum and starts to fall, a third wave of selling could occur, so keeping this scenario in mind is advised. The clear trend will likely be determined after today’s FOMC meeting, so monitoring gold’s movement after the announcement will be key. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21,520 / 21,475 / 21,410 / 21,375 / 21,290 -Sell: 21,610 / 21,700 / 21,770 / 21,900 OIL - Range-bound Market -Buy: 73.65 / 73.10 / 72.60 -Sell: 74.60 / 75.00 / 75.50 / 76.00 GOLD - Bullish Market(April) -Buy: 2,791 / 2,787 / 2,783 / 2,775 -Sell: 2,804 / 2,809 / 2,821 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Gold Analysis by zForex Research TeamGold Holds Ground After Fed Decision Gold held around $2,760 per ounce on Thursday after a slight decline, as investors reassessed the Fed’s hawkish stance. Policymakers reaffirmed that inflation remains elevated, removing references to progress toward 2%, which weighs on gold by increasing the opportunity cost of holding non-yielding assets. Dovish moves from other central banks supported the precious metal. The BoC ended quantitative tightening, the Riksbank cut rates, and the ECB is expected to follow. The RBI and PBoC also signaled rate cuts. Technically, resistance is at 2,790, with further levels at 2,800 and 2,820. Support stands at 2,730, followed by 2,660 and 2,630.
EIGHTCAP:XAUUSD
by zForexcom
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed flat as the market digested the previous day's FOMC decision to hold interest rates and major corporate earnings reports. The strategy of selling at the 5-day moving average proved effective, and despite the FOMC decision and earnings from Tesla and Microsoft, the index remained within a range-bound market. On the daily chart, the MACD is still above the signal line and the zero line, indicating that the buy signal is still intact. However, as there has been no significant volatility, the gap between the indicators remains narrow, maintaining the current range. Since the buy signal is still valid, it would be advantageous to monitor whether the gap-down from January 27 is filled and trade accordingly within the range. On the 240-minute chart, the MACD has crossed above the signal line below the zero line and is now consolidating. For the MACD to cross below the signal line, a sharp decline would be necessary, but given the current spread between the MACD and the signal line, such a drop appears unlikely. Instead, if the market continues to consolidate and the MACD and signal line converge, the next move—whether another buying wave or a selling wave—will determine the trend. Since key economic reports, including the GDP release and Apple’s earnings, are due today, it would be best to adopt a range-bound strategy. Crude Oil Crude oil faced resistance at $74 and closed lower. On the daily chart, the sell signal remains intact, with prices failing to break above the 5-day moving average and continuing to decline within a downward channel. Prices are currently supported around the $72 level. For a bullish outlook, it would be crucial to see a strong bullish candlestick breaking above the downward channel's upper boundary at around $73.60. On the 240-minute chart, both the MACD and signal line remain below the zero line. While the MACD has crossed above the signal line, the price has not surged, resulting in only a narrow spread. Given that the $72–73 range has historically been a strong support zone, it would be preferable to buy on pullbacks. However, if the price breaks below this range and a sell signal emerges, it will be important to monitor whether the $72 level holds as support. Gold Gold closed flat on the daily chart, maintaining a buy signal. The MACD and signal line are gradually converging, but the spread remains sufficient to prevent an immediate shift to a sell signal. If the MACD turns upward, further gains are likely. A key factor to watch is whether the weekly candlestick forms a bullish pattern and the MACD crosses above the signal line. Key resistance levels are at 2800 and 2820. On the 240-minute chart, the buy signal is still intact, but the spread has narrowed, indicating weaker momentum. The market is range-bound with mixed buying and selling pressure. As long as no sell signal appears on the 240-minute chart, a buy-on-dip strategy is preferable. However, keep in mind that upcoming economic data releases may lead to pre-market consolidation. ■Trading Strategies for Today Nasdaq - Range-bound Market -Buy Levels: 21470 / 21400 / 21360 / 21285 / 21220 -Sell Levels: 21625 / 21680 / 21770 / 21890 Crude Oil - Range-bound Market -Buy Levels: 72.60 / 72.00 / 71.40 / 70.50 -Sell Levels: 73.40 / 73.85 / 74.40 / 75.00 GOLD - Bullish Market(April) -Buy Levels: 2793 / 2787 / 2777 / 2773 / 2768 -Sell Levels: 2803 / 2809 / 2813 / 2821 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ plunged to close lower, influenced by China’s Deepseek developments. On the weekly chart, the sell signal remained intact, and the gap-down movement pushed the MACD further downward, resulting in a sharp decline in the NASDAQ index. On the daily chart, a gap was created as a bearish candle formed with a high opening price. Given the moving average trends, breaching the 120-day moving average in the current range could trigger a downward wave, threatening the 240-day moving average as well. However, the MACD on the daily chart has not yet crossed below the signal line (dead cross), so it’s worth observing whether the market rebounds to form a box range or continues its downward momentum. If the 120-day moving average is breached, a drop to the 240-day moving average is possible. It would also be prudent to consider levels as low as 19,800, which aligns with the 10-day moving average on the monthly chart and the lower Bollinger Band on the weekly chart. On the 240-minute chart, a steep decline is evident, with the MACD and signal line falling sharply below the zero line. The angle suggests that further downward movement is likely, making sell strategies favorable during upward corrections. With the VIX index surging, volatility has intensified. Traders using one-contract strategies should consider scaling down their leverage—e.g., by using micro NASDAQ contracts or splitting positions into smaller increments like 0.01 lots through MetaTrader—allowing for more flexible risk management in these volatile conditions. OIL Oil closed lower, finding support at the 240-day moving average. This is a key level, as it overlaps with a prior resistance zone, making a pullback buy strategy effective in this range. However, the MACD has crossed below the signal line (dead cross), maintaining the sell signal, and this suggests that any rebound is likely to face significant pullbacks. Rebounds are expected to occur within a large box range, with the market likely undergoing time corrections to align the moving averages. On the 240-minute chart, sell signals are evident. Even with further declines, the 240-minute chart indicates that the 240-day moving average could act as strong support, potentially allowing a rebound toward the 60-day moving average, which corresponds to approximately $76. This aligns with a resistance level seen on the daily chart, making a pullback buy strategy advisable near this zone. Oil prices are also being influenced by the strengthening dollar, fueled by global market volatility. While AI-related factors have contributed to the dollar’s strength, the impact on oil prices is expected to be limited, with oil maintaining its own unique volatility. GOLD Gold plunged to close lower due to dollar strength amid heightened volatility. On the weekly chart, the MACD resumed its downward trajectory, with the gold price showing a steep decline. The MACD has not been able to cross above the signal line decisively, consistent with its pattern. On the daily chart, it is critical to monitor whether the 10-day moving average provides support during the current downtrend. On the 240-minute chart, MACD divergence accompanied gold’s sharp decline. However, since the MACD and signal line are still above the zero line, there may be room for a rebound. It’s essential to check for support and recovery near the 2,730 level. If prices rebound, gold could aim to test previous highs based on the daily chart trend. Avoid chasing prices lower with aggressive selling; instead, focus on pullback buying strategies. If the NASDAQ continues its decline and gold follows suit, further downside toward 2,700 is possible. Overall, buying during pullbacks remains the preferred strategy, but strict risk management with stop-loss levels is crucial. The volatility in U.S. markets has increased due to China’s Deepseek developments. As always, heightened volatility in futures markets presents both opportunities and risks. Traders who can maintain disciplined strategies may capitalize on this environment, while those who cannot may risk significant losses. With Wednesday’s FOMC meeting, as well as earnings reports from Tesla and Meta on Wednesday and Apple on Thursday, market volatility is expected to remain high. Wishing you success in trading this week! ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21,260 / 21,140 / 21,100 / 21,040 / 21,890 -Sell: 21,365 / 21,415 / 21,480 / 21,540 / 21,660 OIL - Range-bound Market -Buy: 72.60 / 72.00 / 71.40 / 70.60 -Sell: 73.55 / 74.40 / 75.00 / 75.95 GOLD - Bullish Market -Buy: 2,739 / 2,733 / 2,726 / 2,716 -Sell: 2,754 / 2,760 / 2,767 / 2,776 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard
Weekly and Monday analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ closed lower, finding support at the 5-day moving average. Last Friday unfolded as expected, with a correction to the 5-day line being part of the wave pattern, making a sell-oriented approach the best strategy for the day. The downward wave emerged in the afternoon rather than during the pre-market, resulting in extended consolidation. On the weekly chart, it formed a bullish candle, reaching the upper range of the box zone; however, the MACD has yet to fully cross above the signal line. This week, the area between the 3-day and 5-day moving averages (20,800–20,600) could act as a short-term pullback buying zone. If this area fails to hold and prices close lower with a bearish candle, the market might revert to maintaining a wide-ranging box zone. Therefore, it's crucial to close the week with a bullish candle to confirm a buy signal. On the daily chart, the MACD and signal line are positioned above the zero line, indicating that buying pressure could persist. However, the Bollinger Bands are narrowing, suggesting that significant additional surges are unlikely. A short-term correction perspective is advisable. If prices fail to decisively break above the 3-day moving average near 21,950, a correction to the 10-day moving average should be considered. The 240-minute chart shows the emergence of a long bearish candle forming a double top. If Friday’s low at 21,844 is breached, there’s a strong likelihood of filling the gap created on January 22. The MACD and signal line still show a significant gap from the zero line, so there could be support and a rebound at the lower levels. In summary, while a short-term sell perspective is advisable, buying opportunities could emerge near the gap-filling zone around 21,700 during pullbacks. OIL Oil closed higher at $74, finding support and forming a bullish daily candle for the first time in six trading sessions. This bounce establishes a foothold at the key support level of $74. On the weekly chart, prices found support at the 5-day moving average. Although the MACD has crossed above the zero line, the signal line is still slightly below it. If a bullish candle forms this week, it will confirm a buy signal on the weekly chart, favoring buy-oriented strategies. On the daily chart, prices could rise again, finding support at the 20-day moving average. However, the sharp downward angle of the recent decline from $79 and the ongoing sell signal from the MACD indicate that any rally may face resistance and pullbacks. If prices rebound to the $77–$78 range, there is a high probability of a pullback. The $74–$79 range is likely to hold, with a period of consolidation allowing moving averages to converge. On the 240-minute chart, bullish divergence is forming near $74, and the MACD is on the verge of generating a buy signal. A buy-oriented strategy on pullbacks is advisable. GOLD Gold closed higher with an upper shadow on the daily candle. On the weekly chart, prices reached the upper Bollinger Band. The MACD, however, has yet to achieve a golden cross above the signal line, keeping the sell signal intact. A strong rally with a long bullish candle would be required to confirm a buy signal. If additional upward momentum fails and prices start to decline, the MACD may turn downward again. The current gap between the MACD and signal line suggests that an immediate buy signal might not be achievable. On the daily chart, buying pressure remains strong, and as long as the 10-day moving average holds, a one-way buying trend is likely. On the 240-minute chart, resistance is evident at higher levels, and divergence in the MACD could occur. It’s advisable to avoid chasing prices higher. Given the staircase-like upward movement, a buy-oriented approach on pullbacks is recommended. This Week’s Key Events: FOMC meeting (Wednesday) Tesla and Meta earnings reports (Wednesday) Apple earnings report (Thursday) Expect heightened volatility on Wednesday and Thursday. Good luck with your investments this week! ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21,850 / 21,785 / 21,720 / 21,630 / 21,530 -Sell: 21,970 / 22,010 / 22,055 / 22,105 OIL - Range-bound Market -Buy: 74.15 / 73.40 / 72.80 / 72.40 -Sell: 75.20 / 75.95 / 76.40 / 77.10 GOLD - Bullish Market -Buy: 2,774 / 2,768 / 2,762 / 2,752 -Sell: 2,782 / 2,793 / 2,799 / 2,816 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed higher, supported by the 3-day moving average on the daily chart. After a recent surge, it has reached the upper Bollinger Band, with both the MACD and signal line crossing above the zero line, confirming a buy signal. However, due to the sharp rally, there is potential for a pullback today. If the price retraces to the 5-day moving average, it could consolidate within a range, allowing moving averages to converge. Should the NASDAQ fall further, the key question is whether it will fill the gap near 21700. If the gap remains unfilled and the price breaks higher, the daily buy signal would stay intact, potentially accelerating bullish momentum. On the 240-minute chart, the sell signal remains active despite a rebound. Selling at higher levels is preferable, while watching if the MACD avoids falling below the zero line and instead forms a golden cross with the signal line. Focus on dip-buying and selling at resistance, keeping the potential for a pullback to the 5-day moving average in mind. CRUDE OIL Crude oil closed lower, falling below the $75 level. It ended near the midpoint of the large bullish candle from January 10 ($74.66) after further downside pressure. This week’s decline reflects President Trump’s push to lower oil prices. Currently, crude is near the 20-day moving average and within the $74–$75 support zone, which aligns with the weekly 5-day moving average. This area is suitable for swing trading and dip-buying strategies. On the daily chart, the MACD has crossed below the signal line, creating a short-term sell signal. However, the significant divergence from the zero line suggests that crude may consolidate with bullish candles before attempting another upward move. On the 240-minute chart, the MACD has not yet formed a golden cross with the signal line, but selling pressure has weakened significantly. If a golden cross occurs, a strong rebound could follow. Avoid chasing shorts and focus on buying dips at key levels. GOLD Gold rebounded from key support levels, closing flat with a lower wick on the daily candle. The daily chart shows that bullish momentum remains strong, making dip-buying at major support levels the preferred strategy. Gold touched the upper Bollinger Band on the weekly chart before pulling back, indicating that a clear trend may not emerge until next week. On the 240-minute chart, a sell signal formed at the recent high, with the MACD divergence leading to a sharp decline. While the price is recovering, the sell signal remains active, increasing the likelihood of another pullback. Gold appears to be consolidating within a range, building energy for the next leg higher. Today, focus on box-range trading with selling at resistance and buying at support. Be mindful of major economic data releases before the main session, and manage risks carefully. Best of luck with your trades, and have a successful end to the week! ■Trading Strategies for Today NASDAQ - Bullish Market -Buy: 21980 / 21910 / 21870 / 21790 / 21720 -Sell: 22040 / 22075 / 22110 Crude Oil - Range-bound Market -Buy: 74.10 / 73.40 / 73.00 / 72.40 -Sell: 75.10 / 75.70 / 76.20 / 76.75 / 77.10 Gold - Bullish Market -Buy: 2750 / 2743 / 2737 / 2731 -Sell: 2770 / 2774 / 2779 / 2785 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard
6
Prime Buying Opportunity for Crude Oil Nearing Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend. Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading. Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy. For daily insights into Nasdaq, oil, and gold, please follow and subscribe to my analysis.
TVC:USOILLong
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed higher on news of President Trump’s plans to expand AI investments. It surged strongly to the upper Bollinger Band on the daily chart, lifting the MACD above the zero line. However, a gap formed due to Netflix's earnings report, and there is a possibility that this gap could be filled during future corrections. While the signal line remains below the zero line on the daily chart, indicating the potential for a pullback, strong buying momentum on the 240-minute chart suggests the NASDAQ could rise further to the 22200–22300 zone. A sell-off might emerge only if the MACD on the 240-minute chart dead crosses the signal line, signaling a shift to a bearish trend. There is also upside potential to 22250, the upper boundary of the weekly chart, so it's wise to keep this level in mind. For now, focus on buying dips, but keep an eye on the transition from an uptrend (positive alignment) to a downtrend (negative alignment) on the short-term charts. If the 240-minute MACD dead crosses, it could signal a correction, so monitor the price movements closely. CRUDE OIL Crude oil closed lower, consolidating in a box range near the $75 level. The large bullish candle from January 10 serves as a key reference point, with the midpoint of that candle acting as a support level. For a rebound on the daily chart, a bullish candle needs to form. Currently, the MACD is closely aligned with the signal line. If the MACD avoids a dead cross and turns upward, there’s a high chance of a third bullish wave. Keep an eye on the upcoming crude oil inventory data to see if it triggers a trend reversal. On the 240-minute chart, the MACD is attempting to cross above the signal line in the oversold zone, showing a potential for a rebound. With prolonged consolidation around $75, a strong upward move could follow any breakout. Avoid chasing shorts, and if the price drops to $74, it could provide a great buying opportunity. GOLD Gold closed higher, breaking above the 2760 resistance level. This breakout opens the possibility of further gains to the upper Bollinger Band on the weekly chart, around 2780. However, the divergence between the MACD and the signal line on the weekly chart makes a further golden cross less likely, meaning a correction could occur in the next week or two. On the daily chart, the bullish trend remains strong, making it advisable to avoid short positions. The 240-minute chart shows a third bullish wave following a golden cross of the MACD, supporting further gains. Ideally, continued strength above 2780 would prevent a divergence from forming on the MACD, which could lead to a sharp decline if unaddressed. For now, use 2760 as support and focus on range-bound trading while monitoring for a potential breakout above key levels. Always be prepared for volatility and manage risk carefully. Positive market momentum is being driven by new government policies and plans, including tariffs, the Stargate Project, and expanded AI infrastructure investments. These developments could act as catalysts for further gains. Stay updated on these issues, and as always, manage your risks carefully. Best of luck with your trading today! ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21920 / 21870 / 21790 / 21720 -Sell: 22035 / 22075 / 22135 / 22230 Crude Oil - Range-bound Market -Buy: 75.10 / 74.70 / 74.30 / 73.60 -Sell: 75.70 / 76.20 / 76.75 / 77.10 Gold - Bullish Market -Buy: 2759 / 2754 / 2748 / 2738 -Sell: 2771 / 2778 / 2783 / 2794 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed higher, combining two days of movement into one candle. As anticipated, it rose during the pre-market session but declined during the main session. The daily chart formed a bullish candle, confirming yesterday's buy signal. The bullish trend on the daily chart is likely to continue, but with the current significant gap between the 3-day and 5-day moving averages, a pullback followed by renewed buying pressure is expected. It is essential to focus on dip-buying rather than chasing prices. However, keep in mind that the weekly chart still shows a sell signal, and both the MACD and signal line on the daily chart remain below the zero line, indicating the possibility of a reversal to a bearish wave at any time. On the 240-minute chart, the buy signal is intact, and the upward trend continues. However, there is no significant improvement in market liquidity. A strong bullish candle that breaks the box range is needed, but such a move has not yet materialized. Therefore, pre-market sessions may show mixed movements. Selling at resistance levels for box-range trading is advisable. Be mindful of potential volatility due to executive orders from President Trump, which could lead to sharp price swings. CRUDE OIL Crude oil closed lower, finding support at the $75 level. As mentioned previously, the $74–$75 range aligns with the 5-day moving average on the weekly chart and serves as a critical support zone, making it a favorable area for dip-buying. With a 400-tick drop from the $79 high and no dead cross between the MACD and signal line on the daily chart, there is a high probability that oil will rebound as the MACD supports the signal line. On the 240-minute chart, the MACD and signal line have dipped below the zero line, which could accelerate selling momentum. However, the 60-period moving average on the 240-minute chart continues to slope upward, suggesting that selling should be avoided and buying at key support levels is a better approach. GOLD Gold closed higher, leaving a lower wick near key support levels. On the weekly chart, resistance remains overhead, but the daily chart indicates that the trend could continue upward, making dip-buying a favorable strategy. The MACD and signal line on the daily chart remain in an upward trajectory, and a breakout above the 2760 resistance level could open the way to 2780. On shorter timeframes, consolidation followed by a golden cross of the MACD and signal line is evident, while the 240-minute chart has also confirmed a golden cross. Although further upside is likely, the significant divergence between the MACD and its previous peaks on the 240-minute chart increases the probability of divergence after a substantial rally. Therefore, refrain from chasing prices after a sharp rise and instead focus on buying dips near key support levels while monitoring the breakout above 2760. Market volatility is intensifying due to President Trump’s remarks. Similar patterns were observed during his first term, as his statements, often made via social media, caused significant fluctuations in the futures markets. Ensure proper stop-loss levels and manage risks carefully in this volatile environment. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21770 / 21710 / 21630 / 21590 / 21530 -Sell: 21880 / 21940 / 22040 / 22110 Crude Oil - Bullish Market -Buy: 75.10 / 74.60 / 73.60 / 73.00 -Sell: 76.30 / 76.70 / 77.10 / 77.50 Gold - Bullish Market -Buy: 2751 / 2743 / 2738 / 2731 -Sell: 2767 / 2777 / 2782 / 2787 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Weekly and Today analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ closed higher, breaking above the upper trendline resistance on the daily chart. On the weekly chart, the sell signal is still active, and the MACD has yet to cross above the signal line. Therefore, even if the market rises early this week, it could potentially retreat again. This underscores the need to avoid chasing highs. On the daily chart, a buy signal was generated with today’s candle, but it is not confirmed by yesterday’s action. If today’s session ends with a bearish candle, the buy signal could disappear. For a sustained upward move, today must close with a bullish candle and create a clear buy signal. Furthermore, for this signal to be meaningful, the signal line must move above the zero line, with a wider divergence between the MACD and the signal line driven by additional gains. On the 240-minute chart, a long bullish candle has created a potential third wave up. Breaking through the upper trendline is significant, but whether this uptrend will continue remains uncertain. Additionally, with U.S. markets closed today for Martin Luther King Jr. Day, today's and tomorrow’s daily candles will be combined. Expect sideways movement with a bullish tilt today, with the main market session tomorrow likely determining the direction. Focus on buying on dips while avoiding chasing highs. CRUDE OIL Crude oil closed lower, forming an upper wick on the daily chart. On the weekly chart, the price is significantly distanced from the 3-day and 5-day moving averages, suggesting that this week could see consolidation or a pullback from the $79 resistance level. On the daily chart, crude has fallen below the 5-day moving average, now trading within a range between the 5-day and 10-day moving averages. The $74–$75 range represents an attractive buy zone during a pullback. This area aligns with the weekly 5-day moving average, making it a critical level to watch. Around $76, where the 10-day moving average lies, significant support exists on intraday charts. Observing whether this level holds on the first test is crucial. On the 240-minute chart, the MACD remains significantly above the zero line, favoring continued buying on dips. The first key support is around $76, and the second is in the $74–$75 range, where the MACD could attempt another bullish crossover. Be mindful of reduced trading volumes due to the U.S. market holiday and focus on range-bound strategies. GOLD Gold faced resistance near the 2760 level, closing with a doji candle. On the weekly chart, the MACD is diverging from the signal line, suggesting that further upside may face resistance around the 2785 level. If the MACD on the weekly chart fails to form a golden cross, a pullback may occur. On the daily chart, the strong buy trend remains intact, favoring a buy-focused strategy. However, on the 240-minute chart, a potential dead cross could signal short-term corrections. With U.S. markets closed today and tomorrow, gold could dip to the 5-day moving average, creating buying opportunities during pullbacks. For today, short-term selling at highs with a focus on key support levels for buying on dips is recommended. Sideways movement during pre-market hours may continue, with tomorrow’s main session likely setting the next direction. Stick to box-range trading and take advantage of key opportunities if prices reach critical levels. With U.S. markets closed on Monday, reduced trading volumes make box-range trading strategies more effective. Use this time to prepare for potential opportunities at key levels. Stay diligent with risk management, and have a successful trading week ahead. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21510 / 21480 / 21350 / 21310 / 21270 -Sell: 21650 / 21740 / 21780 / 21880 Crude Oil - Bullish Market -Buy: 76.90 / 76.30 / 75.70 / 74.95 -Sell: 77.80 / 78.25 / 78.60 / 79.00 Gold - Bullish Market -Buy: 2730 / 2723 / 2719 / 2715 -Sell: 2747 / 2753 / 2758 / 2762 / 2777 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ closed lower, facing resistance near the 20-day moving average. It struggled at the midpoint of the long bearish candle formed on January 7 (21570), which coincides with the upper trendline resistance originating from the December 16, 2023 high (22450). The market's direction—whether it breaks above the upper trendline resistance around 21500 or reverts to the center of the downtrend—remains to be seen. On the weekly chart, a sell signal has been triggered. On the daily chart, the significant gap between the MACD and signal line suggests a higher likelihood of continued downside. However, after consolidating around the center of Wednesday's large bullish candle, the market may trade sideways for a few days before determining its next direction. On the 240-minute chart, both the MACD and signal line are above the zero line. After consolidating in a box range, the market may see a bullish third wave supported by the MACD holding above the signal line. Alternatively, a dead cross could form, signaling a shift to bearish momentum. For today, a range-bound strategy focusing on selling at highs and buying at lows is appropriate. Note that Fridays can often bring choppy price action. CRUDE OIL Crude oil closed lower after facing resistance at the upper monthly boundary. On the daily chart, the significant gap between the price and moving averages increases the risk of pursuing long positions at higher levels. If oil breaks below the 5-day moving average, the 10-day moving average or the $74–$75 range could act as support. A pullback to these levels would provide an opportunity for buying on dips. The recent month-long rally has caused the MACD and signal line to diverge significantly above the zero line, supporting a buy-on-dip strategy during corrections. However, as mentioned previously, a sell signal has appeared on the 240-minute chart, along with MACD divergence, suggesting a higher probability of additional downside. The recent $79 rally could represent the head of a head-and-shoulders pattern, with the right shoulder acting as resistance upon a rebound. Below $76, strong support exists, so box-range trading near critical levels is recommended. GOLD Gold closed higher, supported by declining Treasury yields. The daily chart confirms a fully established uptrend, making it advantageous to focus on buying during pullbacks. Treasury yields, which have been inversely correlated with gold, are also showing sell signals, suggesting further downside in yields and strength in gold. If gold breaks above the 2755 level, it could test the weekly chart resistance at 2788. However, resistance at this level may prevent the weekly MACD from forming a golden cross, leading to a consolidation phase over the next few weeks. On the 240-minute chart, strong buying momentum suggests a bullish third wave that could replicate the prior move from 2625 to 2735. With the clear daily trend and one-way price action, this is a favorable period for swing trading to maximize profits. Traders should consider this an opportunity to grow their accounts. This week included major events like the CPI report. Next Monday, Donald Trump will officially be inaugurated as U.S. President. Given past market volatility during Trump's presidency, expect heightened price swings ahead. Always adhere to stop-loss levels and manage risks diligently. Wrap up the week well, and best of luck in your trading endeavors. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21150 / 21090 / 21020 / 20940 -Sell: 21330 / 21370 / 21420 / 21490 Crude Oil - Bullish Market (March futures) -Buy: 77.50 / 77.00 / 76.20 / 75.70 / 74.90 -Sell: 78.55 / 79.00 / 79.35 / 80.30 Gold - Bullish Market -Buy: 2738 / 2729 / 2722 / 2715 / 2700 -Sell: 2757 / 2765 / 2772 / 2780 / 2788 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed higher, digesting the release of the CPI data. On the weekly chart, it faced resistance at the 5-week moving average, forming an upper wick. After a downtrend early this week, the market rebounded significantly. On the daily chart, the index rose to around the 20-day moving average but has yet to see the MACD cross above the signal line, making it premature to confirm a buying signal. Even if the uptrend continues, it would be prudent to wait for a golden cross in the MACD before committing to a buy position. Moreover, there is significant resistance from prior supply zones, making a sell strategy around higher levels valid. On the 240-minute chart, as mentioned previously, a failed dead cross led to a rebound, forming an inverse head-and-shoulders pattern. The MACD is trending upwards and diverging from the signal line. However, since the signal line is still below the zero line, a sideways consolidation phase may be necessary before a sustained move higher. Today, it is advisable to focus on range-bound trading within a box, managing risks carefully with sell strategies at higher levels. OIL Crude oil closed higher as it absorbed inventory data and the pipeline shutdown news. On the daily chart, it found support at the 5-day moving average and broke strongly above $78 (March futures), the upper boundary of the monthly chart. However, the sharp upward move has created significant gaps between the moving averages, suggesting the potential for a corrective phase today. On the 240-minute chart, a buy signal has triggered a sharp rise, but the MACD has not yet surpassed its previous high. A failure to rally further could create bearish divergence. A significant correction and support at previous resistance levels, such as the $74–$75 range, could present a buying opportunity. Meanwhile, profit-taking may dominate as the market digests the recent rally. A box range approach with buy strategies on dips and sell strategies at higher levels is recommended. GOLD Gold closed higher after digesting the CPI data. On the daily chart, both the MACD and the signal line have moved above the zero line, signaling a confirmed buy trend. Further upside is expected, as it has also broken above the resistance line of a triangular consolidation pattern. A buy-focused strategy remains valid. On the 240-minute chart, a buy signal preceded continued gains. Should the MACD and signal line diverge further, this would increase confidence in the uptrend. Even if gold consolidates instead of continuing to rally, the signal line above the zero line indicates a neutral-to-positive outlook. Considering that the 10-year U.S. Treasury yield is showing signs of peaking and pulling back, gold’s strong upward trend is worth monitoring closely. As numerous data releases are expected today, stay cautious and trade wisely. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21325 / 21270 / 21190 / 21140 -Sell: 21440 / 21500 / 21550 / 21590 Crude Oil - Bullish Market (March futures) -Buy: 78.10 / 77.50 / 76.90 / 76.30 -Sell: 79.70 / 80.10 / 80.80 / 81.30 Gold - Bullish Market -Buy: 2717 / 2709 / 2700 / 2696 / 2690 -Sell: 2726 / 2732 / 2738 / 2745 / 2754 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower after facing resistance at the 5-day moving average. As mentioned yesterday, selling at the 5-day moving average was an effective strategy, and since it touched the 5-day line during the pre-market, sell-side trades were easier throughout the day. The daily chart shows continued selling pressure with six consecutive bearish candles. As discussed, it's important to monitor the 120-day moving average support and keep an eye on a potential overshoot down to the 20,300 area. On the 240-minute chart, the MACD has crossed above the Signal line (golden cross), but selling pressure persisted. While a death cross has not yet formed, if it does, it could trigger a third wave of selling. Conversely, a failure to form a death cross could lead to a rebound, potentially forming an inverse head-and-shoulders pattern. Avoid chasing sell-offs and focus on range-bound trading strategies. Additionally, today’s CPI release could cause a lower wick and a bullish reversal candle, so caution is advised. Oil Crude oil closed lower after facing resistance near its recent high. The $79 level remains a strong resistance zone, and the significant divergence from the moving averages makes it difficult to break above easily. Some correction was expected in this area, and while the price has pulled back, it remains far from the 5-day moving average, suggesting the potential for further declines. The daily chart indicates support in the $75–$76 range, and a drop to this area should not be ruled out. On the 240-minute chart, a sell signal on the MACD has appeared, but there is still divergence from the zero line, making buying at major support levels a preferable strategy. Selling near $79 remains valid. Additionally, oil inventory data is scheduled for release today, which may influence the market. Gold Gold ended with a doji candle, forming a small range after digesting the PPI data. Today’s CPI release is expected to provide a clearer direction for the market. Recent declines in expectations for additional rate cuts have been supporting gold prices. As today’s inflation data impacts Treasury yields, gold’s direction will likely hinge on the bond market's response. If gold forms a bullish candle today, both the MACD and Signal lines may rise above the zero line, continuing the bullish trend. Conversely, if gold closes with a bearish candle, it is likely to remain within the $2,625–$2,725 range for the time being. On the 240-minute chart, support around $2,680 is key, with the MACD potentially attempting to cross above the Signal line. Failure to form a golden cross could result in further declines. Focus on buying during dips before the CPI release, as this is the most favorable approach today. Wishing you a successful trading day! ■Trading Strategies for Today Nasdaq - Bearish Market -Buy Levels: 20,840 / 20,780 / 20,745 / 20,570 -Sell Levels: 21,015 / 21,070 / 21,120 / 21,190 / 21,320 Oil - Bullish Market -Buy Levels: 77.50 / 76.90 / 76.50 / 75.70 -Sell Levels: 78.60 / 79.10 / 79.65 / 80.10 Gold - Range-bound Market -Buy Levels: 2,683 / 2,674 / 2,666 / 2,661 / 2,654 -Sell Levels: 2,704 / 2,712 / 2,717 / 2,723 / 2,729 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower with a lower wick, as anticipated, with a downward move at the start of the week. As mentioned, the area below 20,700 was a potential support zone for a rebound, and the market successfully bounced back. On the daily chart, the MACD and Signal lines have both dropped below the zero line, marking the first time the MACD has fallen below zero since September last year. Yesterday’s analysis focused on trading around the 3-day moving average; today, trading at the 5-day moving average is expected. A range-bound movement between the 3-day and 5-day moving averages is likely, and if the pre-market touches the 5-day moving average first, it will provide a favorable opportunity for sell-side strategies. While it is uncertain whether the 120-day moving average will be tested for support on the downside, the MACD's dip below zero suggests the potential for accelerated selling. If an overshooting move occurs on the downside, be prepared for a possible drop to the 20,300 area. The market may consolidate at support levels to form a base before reversing its trend. Monitoring the alignment of short-term moving averages on lower timeframes can help identify the reversal point. On the 240-minute chart, selling pressure continues, and the MACD has yet to cross the Signal line in a golden cross. A strong golden cross could trigger a sharp rebound, but if the MACD turns downward again, further declines are possible. Be prepared for both scenarios and adjust accordingly. Oil Crude oil closed higher, supported by potential U.S. sanctions on Russian oil exports. The price has risen to the $79 previous high level, and with the significant divergence from the 5-day moving average, corrections could occur at any time. On the monthly chart, oil has reached the upper Bollinger Band, indicating that managing risk with sell-side strategies at the highs may be more effective than chasing prices upward. On the 240-minute chart, the RSI remains in overbought territory, suggesting that the current trend may continue. However, short sell strategies should be approached cautiously and with short timeframes. The MACD and Signal lines show significant divergence and steep angles, indicating the potential for step-like upward movements even during corrections. Focus on buying at major support levels during pullbacks, but remain cautious as sharp declines could occur unexpectedly. A conservative perspective is advised. Gold Gold closed lower, facing resistance from selling pressure driven by rising Treasury yields. On the weekly chart, the MACD has turned downward, signaling stronger selling pressure. The daily chart shows the MACD above the zero line, but the Signal line has yet to cross above zero, suggesting a consolidation phase as the MACD moves closer to the Signal line. This places gold in a broad range-bound scenario. Ahead of today’s PPI and tomorrow’s CPI releases, gold is expected to trade sideways. On the 240-minute chart, a sell signal has appeared, but with the MACD and Signal lines above zero and diverging, sharp declines are less likely. Instead, support and consolidation around the 2,680 level are more probable. Focus on range-trading strategies, and exercise caution around the PPI release. Market Conditions The market is currently unsettled due to corrections in big tech stocks, Trump’s inauguration, and declines in quantum computing-related stocks. The VIX index is also showing a sharp upward trend, indicating heightened volatility. Be mindful of risk management under these conditions, and have a successful trading day! ■Trading Strategies for Today Nasdaq - Bearish Market -Buy Levels: 20,990 / 20,890 / 20,840 / 20,740 -Sell Levels: 21,160 / 21,200 / 21,300 / 21,350 Oil - Bullish Market -Buy Levels: 77.70 / 76.60 / 75.70 / 74.50 -Sell Levels: 79.45 / 79.90 Gold - Range-bound Market -Buy Levels: 2,677 / 2,672 / 2,666 / 2,661 / 2,654 -Sell Levels: 2,692 / 2,705 / 2,712 / 2,717 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are set as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Weekly and Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower following the non-farm payroll data release. As noted in yesterday’s analysis, the possibility of a sharp drop in the third wave of selling on the 240-minute chart was highlighted and has largely materialized. The monthly 5-day moving average (20,880) emphasized this month acted as support, forming a lower wick. On the weekly chart, the MACD has crossed below the Signal line, generating a sell signal. The index is positioned between the 3-day, 5-day, and 10-day moving averages above and the 20-day moving average below, suggesting the possibility of a range-bound market this week. If the market moves upward at the beginning of the week, it may decline later, and conversely, if it drops initially, a rebound may occur later in the week. The upper range is projected at 21,360–21,400, while the lower range is expected to be below 20,880. Flexible responses to early-week movements are crucial, especially with Wednesday’s CPI release likely to serve as a key turning point. On the daily chart, the MACD and Signal lines remain below the zero line, making sell-side strategies near the 3-day or 5-day moving averages preferable during rebounds. Downward movement toward the 120-day moving average is possible, but there’s a strong likelihood of a rebound after forming a lower wick, so avoid chasing the sell-off. On the 240-minute chart, while selling pressure remains strong in the third wave of the downtrend, support and a potential trend reversal could occur below 20,700. Overall, a sell-on-rebound strategy is advantageous today. Oil Crude oil surged on the possibility of U.S. sanctions on Russian crude exports. As previously noted, oil continues to display a pattern of reversing trends and sharply rising from the bottom. In pre-market trading, prices have already surpassed $78, but with the significant divergence from the 5-day moving average, caution is warranted today. On the weekly chart, the divergence from the 5-week moving average and the presence of previous highs around the $78 range suggest that even if prices rise further, chasing the rally should be avoided. The most favorable scenario this week involves buying on dips near the 5-week moving average, with corrections potentially reaching $73.4–$74. On the daily chart, more time is needed for shorter-term moving averages, such as the 20-day and 60-day, to align with current prices. On the 240-minute chart, the MACD has formed a golden cross, generating a buy signal. However, if prices fail to surge further, divergence in the MACD could occur. Pay attention to potential sell signals and additional declines. As the rapid rise calls for a correction, prices are likely to consolidate around $78 during pre-market trading, making range-bound strategies favorable. Gold Gold surged on Friday due to reduced expectations of a Fed rate cut following employment surprises. On the weekly chart, gold has formed a bullish candle, breaking above key short-term moving averages. However, the significant divergence between the MACD and Signal lines suggests that surpassing the previous high near 2,760 will be challenging. On the daily chart, the MACD is above the zero line, and the Signal line is trending upward, showing a buying trend. Buying on dips near the strong support zone at the 5-day and 60-day moving averages around 2,690 is a favorable short-term strategy. With additional upward movement possible, a buy-on-dips approach is recommended. However, volatility is expected to increase with Tuesday’s PPI and Wednesday’s CPI data, so plan accordingly. On the 240-minute chart, strong buying momentum continues, with the RSI entering the overbought zone, making premature selling risky. Weekly Overview This week, early movements are likely to continue last week’s trends, with a potential inflection point around Wednesday’s CPI data. Manage risks carefully, and have a successful trading week! ■Trading Strategies for Today Nasdaq - Bearish Market -Buy Levels: 20,945 / 20,900 / 20,780 / 20,740 / 20,680 -Sell Levels: 21,110 / 21,210 / 21,310 Oil - Bullish Market -Buy Levels: 76.55 / 76.00 / 75.60 / 74.60 -Sell Levels: 78.35 / 78.85 / 79.45 / 80.00 Gold - Range-bound Market -Buy Levels: 2,713 / 2,703 / 2,695 / 2,685 / 2,677 -Sell Levels: 2,726 / 2,735 / 2,742 / 2,753 / 2,759 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are set as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. Wishing you a successful trading day! If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower. On the daily chart, the MACD has fallen below the zero line, signaling continued selling pressure. If the 60-day moving average support level is broken, it would be prudent to prepare for a drop toward the monthly 5-day moving average and potentially the 120-day moving average, depending on market conditions. However, with the U.S. stock market closed today and the futures market closing early, trading is expected to be light, and the trend direction will likely become clearer after Friday’s non-farm payroll data release. On the 240-minute chart, both the MACD and Signal lines have moved below the zero line, indicating stronger selling pressure. Sell-side strategies are recommended, and given the early market closure, taking quick profits would be advisable. Oil Oil faced resistance near its previous high and closed with a bearish candle. Due to the rapid surge toward its previous high, a short-term correction appears inevitable. Maintaining support at the 240-day moving average will be crucial. The need to align short-term moving averages such as the 20-day and 60-day with current price levels suggests a period of price and time correction is likely. On the 240-minute chart, a long upper wick has formed, resembling the head of a head-and-shoulders pattern. A neckline could form near the 240-day moving average, potentially leading to a rebound that forms the right shoulder. Given the wide divergence between the MACD and Signal lines from the zero line, another attempt at an upward move seems plausible. Buying on dips near key support levels is the preferred strategy. Gold Gold closed higher. The daily chart indicates a consolidation phase within a range, and market conditions suggest that trends will become clearer after Friday’s non-farm payroll data. Currently, a buy signal is visible on the daily chart, meaning any downward move may require a sharp decline, potentially driven by Friday’s data or next week’s CPI report. On the 240-minute chart, the buy signal remains intact. Buying on dips is advisable, although the divergence between the MACD and Signal lines is relatively small. For gold to gain momentum, a significant breakout with a strong bullish candle would be essential. For now, range-bound strategies are recommended, favoring selling at highs rather than chasing prices upward. Today's Market Notes The U.S. stock market is closed today, and the futures market has an early close. With reduced volatility, a mixed and range-bound market is expected. Please trade with caution and aim for success! ■ Trading Strategies for Today Nasdaq - Range-bound Market -Buy Levels: 21,270 / 21,190 / 21,155 / 21,065 / 20,990 -Sell Levels: 21,410 / 21,500 / 21,550 Oil - Bullish Market -Buy Levels: 72.80 / 71.90 / 71.00 -Sell Levels: 73.60 / 74.40 / 74.80 / 75.20 Gold - Range-bound Market -Buy Levels: 2,670 / 2,665 / 2,661 / 2,654 / 2,649 -Sell Levels: 2,686 / 2,693 / 2,704 / 2,710 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Gold Price Analysis: Watching Resistance and Support ZonesGold is currently trading between a strong resistance zone, where we’ve seen multiple rejections, and a key support level. The price has been bouncing between these areas. If we see the price drop back to the smaller support, there’s potential for a bounce. It will be crucial to observe how buyers respond at this level to determine the next move. If buyers show strength, a rebound could occur; otherwise, we might see further declines. Monitoring price action at these critical levels will be key for future trades.
TVC:GOLD
by WaveRiders2
Gold continues to the uptrend.The price of gold breaks its lowest high creating a bullish opportunity where it could take prices close to $2050. We are currently in the sub wave 3 that seeks to finish the major wave 3 of a higher wave 3. We find next resistance in $2027and support in $2007. The market structure is still maintained, which indicates stability for Gold. The TVC:DXY should also be taken into account, where it could potentially make a lower low than the previous one, providing greater strength to the trajectory of gold, otherwise Gold would break into a correction to maintain its upward trend, something We will see in Monday's session. Happy trading day traders
OANDA:XAUUSDLong
by wowzone