-
- Trading Platforms
- PU Prime App
- PU Copy Trading
- PU Social
-
- Trading Conditions
- Account Types
- Spreads, Costs & Swaps
- Deposits & Withdrawals
- Fee & Charges
- Trading Hours
EN
7 August 2025,05:24
Chart The Market
7 August 2025, 05:24
ETH, H4:
Ethereum (ETH) traded in a relatively sideways manner following a rebound after briefly dipping below its critical support level near the $3,555 mark. The successful recovery and sustained price action above this pivotal level suggest a bullish bias, as the recent pullback appears to have completed with ETH rebounding from a three-week low.
If ETH continues to post higher highs, it would further reinforce the bullish outlook. Momentum indicators are also turning constructive—the RSI is gradually approaching the overbought zone, while the MACD is poised to cross above the zero line. Both indicators support the view that bearish momentum has faded, aligning with a potential bullish continuation for ETH.
Resistance Levels: 3760.00, 3993.00
Support Levels: 3555.00, 3373.00
XAUUSD, H4
Gold has been lacking clear direction after rebounding from its weekly low, with prices consolidating over the past few sessions. Despite the sideways movement, the overall bias leans bullish, as the precious metal recently broke above the 68.2% Fibonacci retracement level near the $3,368 mark—signaling renewed upside interest.
Adding to the bullish case, the 20-day Simple Moving Average (SMA) has crossed above the 50-day SMA, reinforcing the potential for a bullish pivot. A breakout above the current consolidation range would confirm bullish momentum and open the door for further gains. Conversely, a break below the range could indicate a bearish reversal.
On the technical front, the RSI remains elevated, suggesting continued buying strength. However, the MACD has recently formed a bearish crossover above the zero line—a potential early warning of trend exhaustion. Traders should watch closely for a decisive breakout in either direction for clearer trend confirmation.
Resistance Levels: 3400.00, 3435.00
Support Levels: 3362.00, 3320.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!