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BTCUSD WEEKLY: Tests 80K+
Trend Up Momentum: Up
Building further on its breakout above 67K but so far pausing below above 80K (high 81252) and below next key target at 82711. For FIBO fans, 83852 = 38.2% of 126232 = 57656 On the downside, support likely as long as it trades above 75-78K, stronger bid if the top end holds although 80K+ is needed to keep current momentum going and avoid a stall.
XAUUSD (GOLD) 4 HOUR: 4650 remains pivotal
Trend: UP Momentum: UP
Still unable to shake a focus from 4650, even after extending its high to 4696. Until 4650 is clearly established either way, expect a choppy trade if it stays within 4600-4700. With that said, a case can be made for a pause but only confirmed if 4594 is taken out. Otherwise, keeps a bid while above it.
Newsquawk US Market Wrap: Stocks mixed on tech weakness while long-end yields slide
SNAPSHOT: Equities down, Treasuries up, Crude down, Dollar up, Gold down.
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NAS100 (NASDAQ) 4 HOUR: 29K now p[ivotal
Trend: Uptrend stalled Momentum: Short-term down
Having broken 29K, this level; now becomes pivotal in dictating whether the range shifts to 28-29K, goes back to 29-30K, or compromises at 28.5-29.5K.
New low at 28870 blocks momentum building further while back above 29200—450 would be needed to negate the risk.
NAS100 (NASDAQ) DAILY: Support broken but briefly
Trend: Uptrend stalled Momentum: Short-term down
29110 finally (briefly) broken but to confirm, 29000 would need to be firmly taken out as well. Otherwise, still hope for the bulls that the move down can be contained as a retracement. Otherwise, as this chart shows there is a big void on the downside. Looking ahead, bulls hoping Nvidia earnings at mid-week will throw tech a lifeline.
Treasure Secretary Bessent’s news conference to outline the Economic D-Day sanctions is scheduled sometime after noon EDT
Gold is building on last week’s breakout above the 200-day SMA, trading near 4,650, its highest level since mid- May. While the near-term bias remains 📈bullish and prices continue to track the upper Bollinger Band, the rally is approaching a key resistance hurdle at the 50% Fibonacci retracement of the 📉pullback from the record high.
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