XAUUSD, H4:
The precious metal’s attempt to recover from recent losses has been muted, with prices failing to overcome key resistance levels that continue to define the prevailing downtrend. While gold has managed to pare some of its declines, the rebound lacks conviction as prices remain trapped below a descending trendline that has contained rallies since the peak.
Technical indicators underscore the ongoing weakness in gold’s market structure. The Relative Strength Index’s inability to climb back above the 50 level reflects persistently weak momentum, while the Moving Average Convergence Divergence’s position below the zero line confirms that bearish forces remain in control. This combination of price action and indicator positioning suggests the recent bounce may represent temporary consolidation rather than a meaningful reversal.
Resistance Levels: 3381.50, 3434.45
Support Levels: 3300.00, 3225.00
BTC, H4
The cryptocurrency market witnessed a dramatic shift in sentiment as Bitcoin’s much-anticipated breakout to fresh all-time highs proved fleeting. The digital asset surged to record levels before abruptly reversing course, plunging more than 5% to settle back within its previous consolidation range—a technical development that often precedes significant trend changes. The breakdown carries particular weight as prices have now breached their established uptrend support, a level that had reliably contained pullbacks throughout the recent rally.
Technical indicators have turned decisively bearish in the wake of the failed breakout. The Relative Strength Index’s decline below the 50 midpoint reflects waning upward momentum, while the Moving Average Convergence Divergence’s bearish crossover and downward trajectory toward the zero line provide additional confirmation of shifting market dynamics. These signals collectively suggest that the balance of power may be transferring from buyers to sellers after an extended period of bullish dominance.
Resistance Levels: 119,960.00, 122,760.00
Support Levels: 117,210.00, 115,150.00
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