Today analysis for Nasdaq, Oil, and Gold
Nasdaq
The Nasdaq closed slightly higher with low volatility. As mentioned yesterday, the daily chart shows that the index is holding support at the 3-day moving average, while the MACD remains in an upward buy trend. However, resistance is evident along the upper trendline connecting previous highs.
Today, a pullback toward the 5-day moving average should be considered, and the Non-Farm Payroll (NFP) report will be a key catalyst in determining whether the uptrend continues.
On the 240-minute chart, both the MACD and Signal line remain above the zero line, suggesting a consolidation phase that could gradually lift moving averages before another bullish wave emerges. Overall, a buy-on-dip approach remains favorable, particularly if a pre-market pullback toward the 5-day MA occurs. However, given the potential for increased volatility from today's data release, risk management is crucial.
Crude Oil
Crude oil closed lower after facing resistance at the 3-day moving average. However, downside support remains strong, making further declines difficult, which favors buy-side positioning. Since oil has now tested the 3-day MA, today’s strategy should focus on selling near the 5-day MA if a rally occurs.
Both long and short positions should factor in weekly closing dynamics, as weekend geopolitical risks may lead to gap openings on Monday.
On the 240-minute chart, oil remains in a downward trend, but signs of base formation are emerging. The MACD is nearing a potential golden cross, so traders should watch closely for a momentum shift.
Additionally, geopolitical risks are increasing, with Trump tightening sanctions on Iran, adding to oil market volatility. Given these conditions, buying dips remains the preferred approach, but risk management is essential.
Gold
Gold closed lower, facing a sharp pullback after reaching the psychological level of 2900. The deep retracement suggests profit-taking at key resistance levels.
Despite this correction, the daily chart still maintains a buy trend, and as long as gold holds above the 10-day moving average on a closing basis, the overall bullish bias remains intact. However, given that the MACD is completing its third bullish wave, a consolidation phase is likely as the MACD and Signal line begin to narrow. For now, buyers should focus on entering at lower levels to optimize risk-reward.
On the 240-minute chart, a sell signal has emerged, leading to the current pullback. However, the MACD and Signal line are significantly below the zero line, meaning that despite the downtrend, buying interest could emerge on any further dips. This structure reduces the appeal of chasing short positions.
Today's Non-Farm Payroll (NFP) report is a major risk event, known for triggering extreme volatility in gold. As one of the most critical economic indicators for gold traders, managing exposure ahead of the release is crucial. Expect range-bound price action before the report, with a potential breakout afterward.
Stay disciplined and manage risk carefully, as today’s NFP release will drive market volatility. Wishing you a successful trading day! 🚀
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 21820 / 21750 / 21710 / 21625 / 21510
-Sell Levels: 21870 / 21930 / 22010 / 22070 / 22135
Crude Oil - Range-bound Market
-Buy Levels: 70.20 / 69.80 / 69.20 / 68.30
-Sell Levels: 71.30 / 71.80 / 72.20 / 72.70
GOLD - Bullish Market
-Buy Levels: 2876 / 2871 / 2862 / 2855
-Sell Levels: 2885 / 2892 / 2896 / 2902
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 slightly higher with low volatility. As mentioned yesterday, the daily chart shows that the index is holding support at the 3-day moving average, while the MACD remains in an upward buy trend. However, resistance is evident along the upper trendline connecting previous highs.
Today, a pullback toward the 5-day moving average should be considered, and the Non-Farm Payroll (NFP) report will be a key catalyst in determining whether the uptrend continues.
On the 240-minute chart, both the MACD and Signal line remain above the zero line, suggesting a consolidation phase that could gradually lift moving averages before another bullish wave emerges. Overall, a buy-on-dip approach remains favorable, particularly if a pre-market pullback toward the 5-day MA occurs. However, given the potential for increased volatility from today's data release, risk management is crucial.
Crude Oil
Crude oil closed lower after facing resistance at the 3-day moving average. However, downside support remains strong, making further declines difficult, which favors buy-side positioning. Since oil has now tested the 3-day MA, today’s strategy should focus on selling near the 5-day MA if a rally occurs.
Both long and short positions should factor in weekly closing dynamics, as weekend geopolitical risks may lead to gap openings on Monday.
On the 240-minute chart, oil remains in a downward trend, but signs of base formation are emerging. The MACD is nearing a potential golden cross, so traders should watch closely for a momentum shift.
Additionally, geopolitical risks are increasing, with Trump tightening sanctions on Iran, adding to oil market volatility. Given these conditions, buying dips remains the preferred approach, but risk management is essential.
Gold
Gold closed lower, facing a sharp pullback after reaching the psychological level of 2900. The deep retracement suggests profit-taking at key resistance levels.
Despite this correction, the daily chart still maintains a buy trend, and as long as gold holds above the 10-day moving average on a closing basis, the overall bullish bias remains intact. However, given that the MACD is completing its third bullish wave, a consolidation phase is likely as the MACD and Signal line begin to narrow. For now, buyers should focus on entering at lower levels to optimize risk-reward.
On the 240-minute chart, a sell signal has emerged, leading to the current pullback. However, the MACD and Signal line are significantly below the zero line, meaning that despite the downtrend, buying interest could emerge on any further dips. This structure reduces the appeal of chasing short positions.
Today's Non-Farm Payroll (NFP) report is a major risk event, known for triggering extreme volatility in gold. As one of the most critical economic indicators for gold traders, managing exposure ahead of the release is crucial. Expect range-bound price action before the report, with a potential breakout afterward.
Stay disciplined and manage risk carefully, as today’s NFP release will drive market volatility. Wishing you a successful trading day! 🚀
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 21820 / 21750 / 21710 / 21625 / 21510
-Sell Levels: 21870 / 21930 / 22010 / 22070 / 22135
Crude Oil - Range-bound Market
-Buy Levels: 70.20 / 69.80 / 69.20 / 68.30
-Sell Levels: 71.30 / 71.80 / 72.20 / 72.70
GOLD - Bullish Market
-Buy Levels: 2876 / 2871 / 2862 / 2855
-Sell Levels: 2885 / 2892 / 2896 / 2902
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!
✅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
✅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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.