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NAS100 Near Channel High: Double Top and Key Levels to Watch
NAS100
, 1D
NAS100: NAS100 Near Channel High: Double Top and Key Levels to Watch

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.

XAUUSD: Failed Breakout and Key Trendline Setup
XAUUSD
, 1D
XAUUSD: XAUUSD: Failed Breakout and Key Trendline Setup

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.

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