Bitcoin: The Former Range Becomes a Key BattlegroundBitcoin has weakened considerably from the 82,000+ region, with the latest move taking price below the lower boundary of its previous consolidation.
The 77,500–78,100 area is now an important structural zone. Price previously consolidated around this region, making its behaviour from below particularly relevant.
Current support sits around 75,500–76,300, with the next major support area around 72,500–73,000.
A recovery above 77,500–78,100 would bring the previous range back into focus, while continued trading below this area would keep the recent breakdown structure intact.
The short-term 4H structure remains under pressure following the range breakdown. We would like to see whether the former range boundary holds as resistance on any recovery, while sustained weakness would keep the lower support zones relevant.
Key Levels
Support: 75,500–76,300
Major Support: 72,500–73,000
Resistance: 77,500–78,100
Major Resistance: 79,500–80,000
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Nasdaq 100: A Breakout Could End the Current RangeThe Nasdaq 100 remains within a broad 4H consolidation following the rejection from above 30,300.
Price has repeatedly interacted with the 29,000–29,300 support region and the 29,600–29,750 resistance area.
With price currently positioned toward the upper half of the range, the 29,600–29,750 region remains the key structural boundary.
A sustained move above this area would bring 30,000–30,200 into focus, while rejection could see price rotate back toward the lower portion of the range.
The market remains range-bound, so there is limited directional confirmation while price remains between the established boundaries. We would like to see a clear break and subsequent price acceptance outside the range before the structure becomes more directional.
Key Levels
Support: 29,000–29,300
Resistance: 29,600–29,750
Major Resistance: 30,000–30,200
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WTI Crude: A Sharp Reversal Brings Support Into FocusWTI has undergone a significant reversal after reaching the 104–107 region, with price subsequently breaking through several support areas established during the previous advance.
Price is now approaching the 95.5–97.5 support region.
A sustained reaction around this area could provide room for a recovery toward 99–100. Continued weakness beneath the support structure would keep the recent corrective move in focus.
Higher up, the 104–105 region remains the major resistance area.
The recent reversal has shifted the short-term 4H structure lower. We would like to see whether sellers can maintain control around the current support zone, or whether price begins to establish a meaningful recovery.
Key Levels
Support: 95.5–97.5
Resistance: 99–100
Major Resistance: 104–105
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Gold: Buyers Face a Key Test After the CorrectionGold has experienced a significant retracement from the 4,690+ region after failing to sustain the previous upside move.
Price has now returned toward the 4,285–4,320 support area, where recent price action has shown signs of buying interest.
The first major resistance sits around 4,360–4,400, with 4,430–4,470 forming the next important area above.
A sustained recovery through 4,400 would begin to improve the short-term structure, while a break below current support could bring 4,220–4,260 into focus.
The 4H structure remains corrective, so confirmation around the current support and resistance boundaries remains important. We would like to see whether buyers can reclaim the first resistance area or whether sellers continue to pressure the lower support structure.
Key Levels
Support: 4,285–4,320
Major Support: 4,220–4,260
Resistance: 4,360–4,400
Major Resistance: 4,430–4,470
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EURUSD: Sellers Test a Major Support ZoneEURUSD continues to trade under pressure after rejecting the 1.1660–1.1680 resistance region. The subsequent move lower broke through the previous 1.1600–1.1620 support structure and has brought price toward the 1.1450–1.1475 area.
The current zone represents an important point of interaction on the 4H chart. A sustained reaction here could allow price to stabilise and bring 1.1500–1.1550 back into focus.
Should sellers maintain control below the current support structure, the next significant area sits around 1.1380–1.1410.
The broader 4H structure remains corrective. We would like to see how price reacts around 1.1450–1.1475, with continued acceptance below this area supporting the existing downside structure.
Key Levels
Support: 1.1450–1.1475
Resistance: 1.1500–1.1550
Major Resistance: 1.1600–1.1620
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US Tech: Bulls Need to Break the CeilingUS Tech remains below a major resistance area, keeping the short-term setup tilted lower.
Key zone: 29,000–29,300 support
Resistance: 29,600
Major supply: 30,000–30,500
The trade idea favours downside while price remains below 29,600.
A break below support would strengthen the bearish setup.
A sustained breakout above resistance would invalidate the bearish bias and shift the focus toward the higher supply zone.
Higher yields and rising oil prices remain potential headwinds for rate-sensitive technology stocks.
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Brent Oil: Bulls Are Testing a Major BarrierBrent continues to hold its bullish structure following the previous breakout.
Key zone: 92–94 support
Secondary support: 86–88
Resistance: 99–100
The trade idea remains bullish while price holds above the 92–94 zone.
A confirmed break above the 99–100 resistance area would strengthen the continuation setup.
A sustained move below 92 would weaken the bullish structure.
Geopolitical supply risks remain an important driver, while higher oil prices could also feed back into the inflation outlook.
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Gold: Buyers Are Defending, But Resistance HoldsGold | Bearish Setup
Gold is consolidating between key support and resistance after its recent pullback.
Key zone: 4,360–4,400 support
Demand: 4,200–4,325
Resistance: 4,440–4,500
Major supply: 4,560–4,640
The trade idea favours downside while Gold remains below the 4,440–4,500 resistance zone.
A break below support would open the deeper demand area.
A sustained move back above resistance would invalidate the bearish setup.
The fundamental backdrop remains sensitive to US inflation, yields and expectations around the Federal Reserve.
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EURUSD: Sellers Still Have Work to DoEURUSD remains capped below the 1.1660–1.1680 resistance zone, keeping the short-term structure tilted lower.
Key zone: 1.1600–1.1620 support
Resistance: 1.1660–1.1680
Major supply: 1.1700–1.1740
The trade idea is to look for continued downside while price remains below resistance.
A confirmed break below support would strengthen the bearish setup.
A sustained break above 1.1680 would invalidate the bearish bias and put the focus back on the upper supply zone.
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NASDAQ Technology Under Yield PressureNASDAQ has entered a corrective phase after failing to sustain the move above 30,000.
Resistance: 29,600–30,000
Major resistance: 30,000–30,200
Support: 29,200
Next support: 28,800
The Nasdaq remains particularly sensitive to Treasury yields because higher yields increase the discount rate applied to future earnings.
Technically, price remains below the 29,600–30,000 resistance area.
A recovery and sustained break above 30,000 would improve the outlook. Until then, the short-term structure remains corrective.
A break below 29,200 would expose 28,800.
BEARISH BELOW 30,000
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US30 Dow Faces Deeper CorrectionThe Dow has shifted into a corrective structure after rejecting the 54,500–54,900 region.
Resistance: 53,500–53,700
Major resistance: 54,000–54,200
Support: 52,800
Next support: 52,300–52,500
Elevated Treasury yields are increasing pressure on equity valuations, while higher oil prices are adding to inflation concerns. US fiscal uncertainty is also keeping the bond market volatile.
Price is now testing the 52,800–53,000 region.
Holding this area could trigger a recovery towards 53,500. A decisive break below 52,800 would favour further downside towards 52,300–52,500.
BEARISH BELOW 53,700
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BRENT OIL Geopolitical Risk Keeps Oil ElevatedBrent remains elevated around 91–92 following a strong recovery from the lower 80s.
Resistance: 92.00–94.00
Support: 90.00
Major support: 88.00–86.00
The fundamental story remains dominated by geopolitical supply risk. Ongoing tensions and disruption around key energy routes are keeping a significant risk premium in oil markets.
Technically, price is consolidating just below 92.00.
A sustained break above 92.00 would favour 94.00. A break below 90.00 would weaken the structure and expose 88.00.
BULLISH WHILE ABOVE 90.00
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BITCOIN Crypto Breakout Targets 80KBitcoin has exploded out of its 64,500–65,000 consolidation range and accelerated towards the psychological 80,000 level.
Resistance: 79,500–80,000
Support: 77,000–76,000
Major support: 72,500–73,000
Breakout support: 64,500–65,000
Bitcoin is benefiting from broader dollar weakness and renewed demand for alternative assets.
The technical structure remains strongly bullish, although momentum is becoming stretched.
A confirmed break above 80,000 would strengthen the continuation setup. Failure to break 80,000 followed by a move below 76,000 would increase the probability of a deeper correction.
STRONGLY BULLISH ABOVE 72,500
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GOLD Safe-Haven Momentum AcceleratesGold has produced one of the strongest technical breakouts across the markets, moving through 4,400 and accelerating towards 4,600.
Resistance: 4,600
Support: 4,540–4,500
Major support: 4,400–4,360
Breakout support: 4,300–4,320
Dollar weakness, geopolitical uncertainty and concerns surrounding US fiscal policy continue to support demand for gold.
Technically, momentum is extremely strong, but the move is becoming extended.
A sustained break above 4,600 would favour further upside. A pullback into 4,500–4,540 that holds could provide a healthier continuation structure.
STRONGLY BULLISH WHILE ABOVE 4,400
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EUR/USD | Euro Momentum BuildsEUR/USD has broken decisively above 1.1600 and is now challenging the 1.1710–1.1720 region.
Resistance: 1.1710–1.1720
Support: 1.1680
Major support: 1.1600
Secondary support: 1.1550
Dollar weakness remains a major catalyst, while improving euro-area economic activity is providing additional support.
The technical structure remains bullish while price holds above 1.1600.
A confirmed break above 1.1720 would strengthen the continuation setup. Failure to hold 1.1600 would be the first significant warning that the breakout is losing momentum.
BULLISH ABOVE 1.1600
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GBP/USD | Sterling Breaks HigherGBP/USD remains firmly bullish on the 4H timeframe, with a clear sequence of higher highs and higher lows. Price has broken through the 1.3550–1.3560 resistance zone and accelerated towards 1.3675.
Resistance: 1.3675, 1.3700, 1.3750
Support: 1.3550–1.3560
Secondary support: 1.3480–1.3490
Major support: 1.3380–1.3400
The fundamental backdrop is supportive of sterling against the dollar. The pound recently reached a six-month high as the dollar weakened, while UK services activity strengthened in August, with services PMI rising to 52.8. However, UK inflation remains elevated at 2.9%, while July retail sales declined 0.5% month-on-month.
Technically, the 1.3550–1.3560 region is now the key breakout zone. Holding above it keeps the bullish structure intact.
A sustained break above 1.3700 would favour 1.3750. A 4H close below 1.3550 would weaken the bullish setup and expose 1.3480–1.3490.
Bullish above 1.3550.
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Bitcoin - Sellers Maintain Control Below $64,900Bitcoin remains under pressure on the 4H chart after failing to sustain its recovery toward the $65,000 area.
The key resistance remains the $64,400–$64,900 supply zone. Unless BTC can reclaim and hold above this region, the short-term structure continues to favour sellers.
The first downside area is $62,400–$62,800, followed by the broader $60,500–$60,900 demand zone.
Fundamentally, Bitcoin is also being driven by the same macro forces affecting other risk assets. The market is watching US CPI closely because inflation data can shift expectations for Fed policy, Treasury yields, the dollar and overall liquidity conditions. Bitcoin was trading around $63,700 ahead of the release as traders waited for the inflation data.
A softer CPI reading could improve risk appetite and challenge the bearish setup, while a hotter number could reinforce dollar and yield strength and increase pressure on BTC.
Key levels:
Resistance: $64,400–$64,900 / $65,500–$67,000
Support: $62,400–$62,800 / $60,500–$60,900
Bias: SHORT - bearish below $64,900, with $62,400–$62,800 as the first major downside area.
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NAS100 - Waiting for the BreakoutNAS100 has recovered strongly from the 27,400 area, but the momentum has stalled as price approaches the psychological 30,000 level.
The index is currently trading within a defined range, with buyers defending 29,500–29,650 while sellers remain active around 29,900–30,000.
A confirmed break above 30,000 would strengthen the bullish case and potentially expose 30,400–30,600. Conversely, a sustained break below 29,500 could weaken the recovery and bring 29,200 and potentially 28,600–28,800 into focus.
Fundamentally, the Nasdaq remains particularly sensitive to US interest-rate expectations because higher yields can place pressure on growth and technology valuations. Today's CPI therefore represents a significant potential catalyst. A softer inflation reading could support rate-sensitive technology stocks, while a hotter print could increase yield pressure.
Key levels:
Support: 29,500–29,650 / 29,200–29,350
Resistance: 29,900–30,000 / 30,400–30,600
Bias: NEUTRAL - bullish above 30,000; bearish below 29,500.
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US30 - Bulls Consolidate Near Record HighsUS30 remains technically bullish following its strong recovery from the 51,700–52,000 region. Price is now consolidating around the 54,000 area after pushing into record territory.
The immediate resistance zone is 54,000–54,250, followed by the 54,500–54,900 region. A sustained break above the latter could signal another expansion higher.
On the downside, 53,500–53,700 remains the key support area. Holding above this zone keeps the broader bullish structure intact, while a break below could trigger a deeper retracement toward 53,000–53,250.
Fundamentally, US equities are entering an important test as investors assess whether inflation will alter expectations for Federal Reserve policy. US stocks have recently reached record levels, making today's CPI particularly important for yields, valuations and risk appetite.
Key levels:
Support: 53,500–53,700 / 53,000–53,250
Resistance: 54,000–54,250 / 54,500–54,900
Bias: LONG - bullish while price holds above 53,500.
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WTI Crude Oil - Bulls Approach a Critical Breakout ZoneWTI has staged a powerful recovery from the $75 area, creating a series of higher highs and higher lows on the 4H chart.
Price is now approaching the $84.80–$86.00 resistance zone, making this the key area for the next directional move. A sustained break above $86 could open the way toward $88–$90.
On the downside, $81.50–$82.50 is the first important support zone. Holding above this area would keep the recovery structure intact.
Fundamentally, oil continues to receive support from elevated geopolitical risks surrounding the Middle East and the Strait of Hormuz. Reuters reports that renewed tensions and uncertainty around the conflict are keeping supply concerns elevated, with US crude recently trading around $84.
However, today's US CPI could influence the dollar and broader risk sentiment, creating additional volatility in crude.
Key levels:
Support: $81.50–$82.50 / $78.00–$80.00
Resistance: $84.80–$86.00 / $88.00–$90.00
Bias: LONG - bullish while price holds above $82, with $86 the key breakout level.
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XAU/USD - Gold Bulls Test Major Supply Ahead of CPIGold remains one of the strongest bullish structures across the charts, with price continuing to trade within an established upward move after breaking away from the previous 4,000–4,120 consolidation area.
Price is now approaching the major 4,375–4,415 resistance zone. A sustained break above this area would reinforce the bullish trend and bring 4,425–4,435 into focus, with further upside possible toward 4,450.
The 4,300–4,315 support zone is now particularly important. Holding above it would keep the broader bullish structure intact, while a deeper break could signal a larger correction.
Fundamentally, gold remains highly sensitive to US inflation, Treasury yields and Fed expectations. Markets are also watching geopolitical tensions closely, which continue to support safe-haven demand.
A softer CPI print could provide another tailwind for gold through lower rate expectations, while a hotter reading could strengthen the dollar and pressure precious metals.
Key levels:
Support: 4,300–4,315 / 4,120–4,140
Resistance: 4,375–4,415 / 4,425–4,435
Bias: LONG - bullish while price holds above 4,300.
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GBP/USD - Pound Bulls Challenge Resistance GBP/USD continues to maintain a bullish 4H structure, with price holding above its recent higher-low areas and approaching the 1.3520–1.3558 resistance zone.
A confirmed break above 1.3558 would strengthen the bullish continuation setup and potentially expose 1.3580–1.3600. On the downside, the 1.3475–1.3490 support zone remains important for maintaining the current structure, with deeper support around 1.3435–1.3455.
The fundamental focus is again on the US dollar. The market is awaiting US CPI for clues about the Fed's next policy move, while UK economic data, including upcoming GDP, remains important for expectations around the Bank of England.
A softer US inflation print could support GBP/USD by putting pressure on the dollar, while a hotter number could create a short-term pullback.
Key levels:
Support: 1.3475–1.3490 / 1.3435–1.3455
Resistance: 1.3520–1.3558 / 1.3580–1.3600
Bias: LONG - bullish continuation favoured above support.
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EUR/USD Buyers Defend 1.1500 as Price ConsolidatesEUR/USD remains technically constructive on the 4H timeframe after recovering strongly from the lower end of its recent range. Price is consolidating below the 1.1555–1.1562 resistance zone, with buyers continuing to defend the 1.1495–1.1505 support area.
A sustained break above resistance would strengthen the bullish structure and potentially open the way toward 1.1580–1.1610. Conversely, a decisive break below 1.1500 would weaken the setup and expose the next support area around 1.1380–1.1400.
Fundamentally, today's US CPI is the key catalyst. A softer inflation reading could reinforce expectations for easier Fed policy and weigh on the dollar, potentially supporting EUR/USD. A hotter-than-expected reading could strengthen the USD and put pressure on the pair.
Key levels:
Support: 1.1495–1.1505 / 1.1380–1.1400
Resistance: 1.1555–1.1562 / 1.1580–1.1610
Bias: LONG - bullish while price holds above 1.1500.
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Gold (XAU/USD) Market UpdateGold has continued to respect the range we identified previously, but buyers have now gained momentum and pushed price above the 4,120 resistance zone, signalling a potential bullish breakout.
If buyers can hold above this level, the next upside target comes in around 4,180, with further gains possible if bullish momentum continues. However, if price falls back below 4,120, it could indicate a false breakout and see gold return to its previous consolidation range.
From a fundamental perspective, gold remains sensitive to U.S. dollar strength, Treasury yields, and Federal Reserve expectations. Any signs of softer U.S. inflation or increased expectations of interest rate cuts could provide further support for the precious metal.
Outlook: Bullish while price remains above 4,120.
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