Metals
Gold Technical Analysis
Gold has shifted into a bearish correction phase after topping at $4,381. Price is now consistently closing below the moving averages MA(5) and MA(10), and short-term averages have crossed beneath the 30-period MA, confirming trend reversal signals. The precious metal currently trades around $3,940, losing momentum after the parabolic rally earlier this month.
The MACD remains bearish, showing downside pressure still firm.
The short-term trend is leaning bearish, but within a longer term upward trend. It’s important to monitor price reaction around the psychological support level $4,000. Watch for bullish reversal candles around $3,800.
Gold 1H Chart
| Resistance | $3,959 | $3,982 | $4,020 |
| Support | $3,926 | $3,885 | $3,866 |
Nasdaq Technical Analysis
Nasdaq 100 shows a strong bullish trend continuation as price continues to form higher highs and higher lows, with candles aligned above the three moving averages MA(5), MA(10) and MA(30), showing upward momentum intact.
The MACD remains positive above the signal line, though the slope is flattening, suggesting bullish momentum slowing but still present. A correction may happen before the next rally leg.
Overall trend on Nasdaq remains bullish with momentum still strong. It’s important to monitor price reaction if it corrects to the dynamic support levels of MA(10) and MA(30).
Nasdaq 1H Chart
| Resistance | 25,845 | 25,872 | 25,900 |
| Support | 25,800 | 25,774 | 25,700 |
Bitcoin Technical Analysis
Bitcoin broke the psychological $115,000 level and reached $116,390 yesterday, but has since rolled into a corrective pullback. Price is currently trading under the short-term moving averages MA(5) and MA(10) and it’s currently very close to the 30-period moving average on the 1H chart.
MACD line has crossed toward the signal line, showing momentum is shifting from positive to neutral or bearish.
If price reclaims the $115–$116 zone with force, we may see another strong movement up, fueled by short liquidations. However, if price breaks and holds under $111k, we can expecte another drop toward the $109k area and lower support thereafter.
Bitcoin 1H Chart
| Resistance | $114,550 | $114,838 | $115,260 |
| Support | $113,542 | $112,975 | $112,800 |
