Today analysis for Nasdaq, Oil, and Gold
Nasdaq
The Nasdaq closed higher despite Trump’s tariff announcement. On the daily chart, the MACD buy signal remains intact, and the index posted a strong bullish candlestick, confirming an upward bias. However, given the lack of volume behind the move, the market remains within a range-bound structure rather than signaling a clear breakout.
For meaningful upside continuation, a decisive breakout above 22,000 is required. Until then, the market is likely to remain in a 21,000–22,000 range, as failure to break either side would prevent the MACD from creating a strong divergence from the signal line, leading to further sideways consolidation.
On the 240-minute chart, the MACD is attempting a bullish crossover, but the price is struggling to hold its gains. If the MACD fails to cross above the signal line and instead turns lower, a failed breakout scenario could trigger a sharp decline. Given the low-volume rally from yesterday, chasing longs at current levels is not ideal. Instead, it is safer to maintain a range-trading strategy, with buying near the lower bound and selling near the upper bound.
Additionally, if the index fails to break above the range high, a bearish MACD divergence could develop, increasing the risk of a downside move. Traders should avoid aggressive breakout buying and instead focus on disciplined range-bound positioning.
Crude Oil
Crude oil closed higher, reaching the 10-day moving average, as MACD attempted to reconnect with the signal line. The $70–71 support zone remains a strong demand area, making dip-buying strategies favorable.
As mentioned yesterday, the key question is whether oil will form a double bottom at $70–71 before breaking higher, or if it will continue rallying without a retest. Given the wide gap between the MACD and signal line on the daily chart, a failure to complete a golden cross could lead to another pullback, making chasing longs above $74 risky.
On the 240-minute chart, oil has confirmed a bullish divergence, triggering a strong upward move. For the first time in a while, strong buying pressure has returned, reinforcing the buy-on-dip strategy. However, traders should monitor price action carefully as resistance levels approach.
Gold
Gold closed at a new all-time high, rallying aggressively into overbought territory and even breaking through the upper Bollinger Band. Inflation concerns are intensifying globally, fueled by Trump’s escalating tariff rhetoric, which is driving a strong commodities rally in gold, copper, and other raw materials.
Since gold has been in a continuous uptrend since confirming its buy signal on January 16, traders should be mindful that sharp pullbacks can occur at any time. Additionally, with key U.S. economic data releases this week—CPI on Wednesday and PPI on Thursday—gold’s volatility is expected to remain elevated.
Given the overbought conditions, the best strategy remains buying on dips, rather than chasing highs. On the daily chart, the MACD would need to form a bearish crossover for a more structured correction to take place.
On the 240-minute chart, gold has been in a stair-step rally, with the 2940–2950 zone emerging as a key wave-based resistance level. However, overshooting this level is possible, making it critical to wait for confirmation before assuming a short position.
For now, the buy signal remains intact on the 240-minute chart, reinforcing the buy-on-dip approach. However, given yesterday’s strong rally, some short-term consolidation or profit-taking is likely today.
With Wednesday’s U.S. CPI release and Trump’s escalating tariff measures, global market volatility is increasing significantly. Risk management remains essential in this environment. Trade smart and stay disciplined!
Today's strategy will only be provided until the end of this week. For more detailed strategies, please contact us on Telegram. Thank you.
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 21770 / 21720 / 21670 / 21550
-Sell Levels: 21850 / 21905 / 21960 / 22020 / 22100
Crude Oil - Range-bound Market
-Buy Levels: 72.10 / 71.70 / 71.30 / 71.00
-Sell Levels: 72.95 / 73.35 / 74.50
GOLD - Bullish Market
-Buy Levels: 2934 / 2928 / 2922 / 2917
-Sell Levels: 2950 / 2955
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!
The Nasdaq closed higher despite Trump’s tariff announcement. On the daily chart, the MACD buy signal remains intact, and the index posted a strong bullish candlestick, confirming an upward bias. However, given the lack of volume behind the move, the market remains within a range-bound structure rather than signaling a clear breakout.
For meaningful upside continuation, a decisive breakout above 22,000 is required. Until then, the market is likely to remain in a 21,000–22,000 range, as failure to break either side would prevent the MACD from creating a strong divergence from the signal line, leading to further sideways consolidation.
On the 240-minute chart, the MACD is attempting a bullish crossover, but the price is struggling to hold its gains. If the MACD fails to cross above the signal line and instead turns lower, a failed breakout scenario could trigger a sharp decline. Given the low-volume rally from yesterday, chasing longs at current levels is not ideal. Instead, it is safer to maintain a range-trading strategy, with buying near the lower bound and selling near the upper bound.
Additionally, if the index fails to break above the range high, a bearish MACD divergence could develop, increasing the risk of a downside move. Traders should avoid aggressive breakout buying and instead focus on disciplined range-bound positioning.
Crude Oil
Crude oil closed higher, reaching the 10-day moving average, as MACD attempted to reconnect with the signal line. The $70–71 support zone remains a strong demand area, making dip-buying strategies favorable.
As mentioned yesterday, the key question is whether oil will form a double bottom at $70–71 before breaking higher, or if it will continue rallying without a retest. Given the wide gap between the MACD and signal line on the daily chart, a failure to complete a golden cross could lead to another pullback, making chasing longs above $74 risky.
On the 240-minute chart, oil has confirmed a bullish divergence, triggering a strong upward move. For the first time in a while, strong buying pressure has returned, reinforcing the buy-on-dip strategy. However, traders should monitor price action carefully as resistance levels approach.
Gold
Gold closed at a new all-time high, rallying aggressively into overbought territory and even breaking through the upper Bollinger Band. Inflation concerns are intensifying globally, fueled by Trump’s escalating tariff rhetoric, which is driving a strong commodities rally in gold, copper, and other raw materials.
Since gold has been in a continuous uptrend since confirming its buy signal on January 16, traders should be mindful that sharp pullbacks can occur at any time. Additionally, with key U.S. economic data releases this week—CPI on Wednesday and PPI on Thursday—gold’s volatility is expected to remain elevated.
Given the overbought conditions, the best strategy remains buying on dips, rather than chasing highs. On the daily chart, the MACD would need to form a bearish crossover for a more structured correction to take place.
On the 240-minute chart, gold has been in a stair-step rally, with the 2940–2950 zone emerging as a key wave-based resistance level. However, overshooting this level is possible, making it critical to wait for confirmation before assuming a short position.
For now, the buy signal remains intact on the 240-minute chart, reinforcing the buy-on-dip approach. However, given yesterday’s strong rally, some short-term consolidation or profit-taking is likely today.
With Wednesday’s U.S. CPI release and Trump’s escalating tariff measures, global market volatility is increasing significantly. Risk management remains essential in this environment. Trade smart and stay disciplined!
Today's strategy will only be provided until the end of this week. For more detailed strategies, please contact us on Telegram. Thank you.
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 21770 / 21720 / 21670 / 21550
-Sell Levels: 21850 / 21905 / 21960 / 22020 / 22100
Crude Oil - Range-bound Market
-Buy Levels: 72.10 / 71.70 / 71.30 / 71.00
-Sell Levels: 72.95 / 73.35 / 74.50
GOLD - Bullish Market
-Buy Levels: 2934 / 2928 / 2922 / 2917
-Sell Levels: 2950 / 2955
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!
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✅Trade Inquiry : t.me/Futureguard
📌You can earn 50 USD for free
📌Over 1,000$ → +20% deposit HUNT
📌Support Metatrader4,5
📌Inquiry : t.me/NikoChoi
✅Trade Inquiry : t.me/Futureguard
✅Trade here: vigco.co/iuQbUf
📌You can earn 50 USD for free
📌Over 1,000$ → +20% deposit HUNT
📌Support Metatrader4,5
📌Inquiry : t.me/NikoChoi
✅Trade Inquiry : t.me/Futureguard
📌You can earn 50 USD for free
📌Over 1,000$ → +20% deposit HUNT
📌Support Metatrader4,5
📌Inquiry : t.me/NikoChoi
✅Trade Inquiry : t.me/Futureguard
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