Weekly and Monday analysis for Nasdaq, Oil, and Gold
Nasdaq
The Nasdaq closed lower as the market digested the Employment Trends Index (ETI) report. On the weekly chart, a sell signal is in play, yet the index remains within a range-bound structure. Until it reclaims the 5-week moving average, any upside move could still face rejection.
On the daily chart, the MACD has not yet crossed below the signal line, meaning the buy signal remains intact. A critical moment is approaching: will the index break below the 20-day and 60-day moving average golden cross, or will it regain bullish momentum? If a daily sell signal emerges, downside targets extend toward 20,940, where the Bollinger Band lower boundary and 120-day moving average converge.
Although a gap-down occurred today, as long as the daily buy signal holds, traders should approach this market with a range-bound mindset rather than assuming a strong breakdown.
On the 240-minute chart, the index encountered resistance at the upper range boundary. A bearish engulfing candle triggered a sell signal, but since both the MACD and Signal line remain above the zero line, this still suggests a range-bound market. Buying dips and selling rallies remain the most effective strategy.
Market volatility is increasing following Trump’s announcement of reciprocal tariffs on most countries. Additionally, Wednesday’s U.S. CPI release could be a major catalyst—keep it in mind when positioning.
Crude Oil
Crude oil closed higher, bouncing off support on the daily chart. The weekly chart shows strong support at the 20-week moving average, making further downside moves challenging. The $70–71 zone remains an attractive buy area, and with the weekly buy signal still intact, traders should avoid aggressive short-selling.
On the daily chart, oil has yet to reclaim the 5-day moving average, and the MACD remains below the zero line, while the Signal line is still above it, indicating a mixed market structure. Given the potential for a bullish MACD crossover, long positions remain more favorable.
The ideal price action scenario would involve a push to the 10-day moving average, a pullback to retest the $70–71 range, and then a double-bottom formation, leading to a strong upside breakout.
On the 240-minute chart, a buy signal has re-emerged, suggesting a short-term bottom formation. Additionally, MACD bullish divergence is forming, reinforcing the bullish case. Selling into weakness should be avoided, while buying dips remains the preferred strategy.
Gold
Gold closed higher but formed a long upper wick, indicating selling pressure at the highs. On the weekly chart, gold is trading above the Bollinger Band upper boundary, placing it in overbought territory.
At the start of the week, traders should avoid chasing highs and instead focus on buying pullbacks at key support levels. If gold continues to extend gains, shorting near the highs could be an option.
However, volatility is expected to increase due to key data releases:
Wednesday: U.S. CPI
Thursday: U.S. PPI
On the daily chart, the long wick suggests that gold may enter a consolidation phase around 2,900. If the 5-day moving average is lost, a 10-day moving average pullback could set up a range-bound structure. The MACD is in the process of narrowing toward the signal line, indicating that a corrective phase may occur this week. Buying pullbacks remains the preferred approach.
On the 240-minute chart, gold has broken above previous highs, but the MACD is declining, signaling bearish divergence. Now that a sell signal has emerged, the MACD is shifting lower. In the short term, selling rallies remains more favorable, while long positions should only be considered near strong demand zones.
Given the CPI release on Wednesday, gold may remain range-bound until then. Stay cautious, and trade within the range.
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 21550 / 21470 / 21420 / 21340 / 21220
-Sell Levels: 21680 / 21715 / 21800 / 21900
Crude Oil - Range-Bound Market
-Buy Levels: 70.70 / 70.30 / 69.80 / 69.20
-Sell Levels: 71.30 / 71.80 / 72.50
Gold - Bullish Market
-Buy Levels: 2885 / 2878 / 2873 / 2862 / 2856
-Sell Levels: 2906 / 2917 / 2926
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.
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The Nasdaq closed lower as the market digested the Employment Trends Index (ETI) report. On the weekly chart, a sell signal is in play, yet the index remains within a range-bound structure. Until it reclaims the 5-week moving average, any upside move could still face rejection.
On the daily chart, the MACD has not yet crossed below the signal line, meaning the buy signal remains intact. A critical moment is approaching: will the index break below the 20-day and 60-day moving average golden cross, or will it regain bullish momentum? If a daily sell signal emerges, downside targets extend toward 20,940, where the Bollinger Band lower boundary and 120-day moving average converge.
Although a gap-down occurred today, as long as the daily buy signal holds, traders should approach this market with a range-bound mindset rather than assuming a strong breakdown.
On the 240-minute chart, the index encountered resistance at the upper range boundary. A bearish engulfing candle triggered a sell signal, but since both the MACD and Signal line remain above the zero line, this still suggests a range-bound market. Buying dips and selling rallies remain the most effective strategy.
Market volatility is increasing following Trump’s announcement of reciprocal tariffs on most countries. Additionally, Wednesday’s U.S. CPI release could be a major catalyst—keep it in mind when positioning.
Crude Oil
Crude oil closed higher, bouncing off support on the daily chart. The weekly chart shows strong support at the 20-week moving average, making further downside moves challenging. The $70–71 zone remains an attractive buy area, and with the weekly buy signal still intact, traders should avoid aggressive short-selling.
On the daily chart, oil has yet to reclaim the 5-day moving average, and the MACD remains below the zero line, while the Signal line is still above it, indicating a mixed market structure. Given the potential for a bullish MACD crossover, long positions remain more favorable.
The ideal price action scenario would involve a push to the 10-day moving average, a pullback to retest the $70–71 range, and then a double-bottom formation, leading to a strong upside breakout.
On the 240-minute chart, a buy signal has re-emerged, suggesting a short-term bottom formation. Additionally, MACD bullish divergence is forming, reinforcing the bullish case. Selling into weakness should be avoided, while buying dips remains the preferred strategy.
Gold
Gold closed higher but formed a long upper wick, indicating selling pressure at the highs. On the weekly chart, gold is trading above the Bollinger Band upper boundary, placing it in overbought territory.
At the start of the week, traders should avoid chasing highs and instead focus on buying pullbacks at key support levels. If gold continues to extend gains, shorting near the highs could be an option.
However, volatility is expected to increase due to key data releases:
Wednesday: U.S. CPI
Thursday: U.S. PPI
On the daily chart, the long wick suggests that gold may enter a consolidation phase around 2,900. If the 5-day moving average is lost, a 10-day moving average pullback could set up a range-bound structure. The MACD is in the process of narrowing toward the signal line, indicating that a corrective phase may occur this week. Buying pullbacks remains the preferred approach.
On the 240-minute chart, gold has broken above previous highs, but the MACD is declining, signaling bearish divergence. Now that a sell signal has emerged, the MACD is shifting lower. In the short term, selling rallies remains more favorable, while long positions should only be considered near strong demand zones.
Given the CPI release on Wednesday, gold may remain range-bound until then. Stay cautious, and trade within the range.
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 21550 / 21470 / 21420 / 21340 / 21220
-Sell Levels: 21680 / 21715 / 21800 / 21900
Crude Oil - Range-Bound Market
-Buy Levels: 70.70 / 70.30 / 69.80 / 69.20
-Sell Levels: 71.30 / 71.80 / 72.50
Gold - Bullish Market
-Buy Levels: 2885 / 2878 / 2873 / 2862 / 2856
-Sell Levels: 2906 / 2917 / 2926
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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📌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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