Gold prices are in a clear downtrend, with critical support at $3,287.628 and resistance at $3,379.874. The 'W32 POI 2H' on Aug 1 highlighted a volatile 2-hour period with a sharp drop and recovery, signaling potential support strength. Fibonacci retracement levels could play a key role in identifying retracement targets. Stay disciplined with risk management as...
Price targets TP1 at $121,919, with an entry point (EP) at $116,638, stop loss (SL) at $111,987, and a support/slip level at $112,856. Expecting a rise from current levels near $113,085, driven by a breakout above the descending trendline.
On the US Nas 100 1-hour chart, a bearish breakout from a symmetrical triangle suggests downward momentum. The Fair Value Gap at 23,500.0 is a pivotal level—watch for a breakout and retest here to confirm sell entries. Aim for the target at 22681.1, with a stop-loss at 23,740.4 to protect against adverse moves.
Ethereum declared a possible bullish move that pends a retest. Depending on the momentum of the market, the market is likely to retest today or tomorrow in order to keep the week bullish.
US 30, along with related indices, is likely to range for most of the week with early sells to confirm the support of interest. Best interest is in the bearish sentiment right now.
Following Non-farm payroll (NFP) on Friday, 01 August 2025, Gold started and maintained a bullish sentiment. With all things considered. It is likely to spend the early days of the week correcting before shooting back upwards towards Thursday/Friday.
