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Pre-Market Analysis for Nasdaq, Oil, and Gold Futures The Nasdaq closed higher with an upper wick on the daily chart. As mentioned previously, this week is expected to show buying pressure at the beginning, followed by selling pressure towards the latter half. After the 240-minute chart's buy signal, the daily chart's MACD is moving closer to the Signal line, indicating buying momentum. However, achieving a complete golden cross appears challenging due to the divergence and angle. The 21,900–22,000 range is considered a short-term high zone, where the market might either sharply drop after forming an upper wick or move sideways before failing the golden cross, leading to a downward shift in the MACD and a subsequent sell-off. Notably, Nvidia, which has been driving the current index, continues to show strength. Monitoring Nvidia's previous high as a resistance point will be crucial. While the 240-minute chart exhibits strong buying pressure, the steep angle of the recent surge suggests that managing risk and opting for selling opportunities near the highs—rather than buying on dips—would be more advantageous. Additionally, keep an eye on key economic indicators such as the ISM Services Index and JOLTS report, which are scheduled for release today. Crude oil closed lower with an upper wick. Given its recent rapid surge, crude oil's daily chart shows significant divergence from the 5-day moving average. It is advantageous to focus on selling at the highs in this scenario. If the price pulls back to the 240-day moving average, observing whether it finds support will be critical. This week, oil could pull back to the 3-week moving average on the weekly chart and then rebound. Therefore, caution is advised against chasing the rally, and selling near previous highs would be prudent. However, buying on dips near the 3-week moving average could present an opportunity. On the longer-term 240-minute chart, a bearish candlestick at the high has triggered a sell signal. It would be wise to anticipate potential sharp declines and prioritize selling during rebounds. For buying opportunities, it is recommended to act cautiously and at significantly lower levels. Gold closed lower with a lower wick. Ahead of Friday’s non-farm payroll data, gold is likely to remain range-bound in a consolidation phase. On the weekly chart, gold faces resistance from moving averages, and this week’s key data releases may determine its trend. On the daily chart, while a buy signal was generated, gold failed to make a significant surge, leading to the MACD and Signal line moving sideways. With market flows becoming more uncertain, a range-bound strategy is advisable. On the 240-minute chart, gold could form a triangular consolidation pattern in the short term. Until Friday, trading within a range would be the most effective approach. The weather has turned colder with a cold wave sweeping in, and flu season is here. Please take care of your health, and I wish you successful trading today! ■Nasdaq - Range-bound Market -Buy Levels: 21,660 / 21,565 / 21,495 / 21,450 -Sell Levels: 21,885 / 21,940 / 22,005 / 22,045 / 22,110 ■Oil - Bullish Market -Buy Levels: 72.80 / 71.90 / 71.00 -Sell Levels: 73.60 / 74.20 / 74.85 ■Gold - Range-bound Market -Buy Levels: 2,641 / 2,635 / 2,625 -Sell Levels: 2,652 / 2,658 / 2,666 / 2,672
CME_MINI:NQ1!
by Futureguard
What's next for gold? This is the 1-hour trend forecast for gold. Conclusions drawn from short-term trends. Several factors affecting gold, interest rates. geopolitics. The dollar appreciates. war. Will make the trend of gold become confusing. So how to grasp a good trading opportunity. It is also necessary to know these news. A rate hike is imminent now. Boost the dollar. The U.S. dollar as the pricing unit of gold will directly affect gold. The decline should be a matter of time. Risk aversion caused by war? In fact, they are all talking again. The market is immune. So as long as it is not very intense, then the reference is of little significance. Now it depends on the rate hike. This is an aspect that has a very large impact on gold in the short term. There will also be non-agricultural data released this Friday, which will undoubtedly have a huge impact on gold. The US dollar is an indirect indicator of the US economic situation. If you don't know how to accurately control risks and trade safely, you can join me. Let's discuss communication together.
OANDA:XAUUSDShort
by survivor_K
NAS100 SEEMS TO CONTINUE THE CURRENT BEARISH MOVE,8600 PipsNas100 had been on steady fall since 16th of August , however ,the current pull back seems to have come to an end and also happening at a major zone, According to DANCOLNATION CAPITAL strategy, the next bearish touch at 10967 price level will be a confirmation of a possible drop of 8600+ PIPS with my 50% profit taken out at 100% retracement price level 10682 and the remainder at 10456 What a future reward for smart money SWING traders.
PEPPERSTONE:NAS100Short
by Ejike_Odeh
XAUUSD @ Crispy Potato26/02/22 FORECAST FOR WEEK 1 MARCH 2022 = BEAR COMBINED FORECAST FOR MARCH 2022 = BULL ( (with an initial bearish start) DAYS OF FEB WEEK 4 OF FEB FORECAST = BULL this was INACCURATE PROBABILITY FOR NEXT WEEK = BEAR This week was fair neutral until Thursday when a spinning top of indecision formed. Volume towered over all previous volumes, very nervous investors. Friday volume smaller still towers overall the previous days. Body of Friday did not enter the body of Thursday, only the top tail did. This indicates a move south is likely. OBV is very bearish, questionable accuracy at this point. WEEKS OF FEB PREVIOUS WEEK 4 OF FEB ASSESSMENT = INACCURATE PROBABILITY FOR NEXT WEEK = BEAR (Torn, one hand the cup handle has been broken, on the other, the pin bar with the large sell volume indicates a huge bear move pending. Mon opened bear, within the current range, also Tuesday inside range but bull candle. Following on, Wed was a solid bull candle, nice size, little to no penetration back into Tuesday body. Thursday is similar to Wed but the volume is exceptionally large. Friday (reacted to the action of Russia Ukraine war) formed a shooting star. This tail protruded beyond the most recent high of the range, the body did not. The OBV is out of wack with sharp moves, ignore FORECAST MTH = BULL Sizable bull candle, exceptional volume. OBV ow trends BULL. The chart looks to have commenced a BULL rally. ============================= THE FORECAST FOR FEB = INACURATE JANUARY FORECAST FOR FEB 2022 = BEAR
OANDA:XAUUSDLong
by eatmycrispypotato
2
BTCusdt ⏰ Time Frame : DailyAs you can see, the price broke its uptrend and closed below the 50-day moving average (50MA)As The next bearish target will be in the range of 39000 $ to 40000 $ I think the price will move to down that I shown in chart, After that its important keep the support static Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Shahbaz Parsa : @shahbazparsa 📅 21.Feb.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by shahbazparsa
3