TradingNutCom

TradingNutCom

This week, NAS100 is approaching a critical channel high, and the setup suggests a potential move lower before testing the downward-sloping trendline. Resistance at the trendline could lead to another test of support before a possible push higher. If it does reach the double top, the next move becomes unpredictable.

TradingNutCom

Gold (XAUUSD) has broken out of the New Year’s week range, but signs point to a potential failed breakout. A move lower could follow before making new highs above the inner double top. If the upper trendline breaks, key orders below the price could become void.