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Daily Technical Report 9-4-2024

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GOLD 

GOLD

The gold market has recently reached new historical highs in previous trading sessions, confirming its medium-term upward trend. This suggests potential for prices to target new higher levels. However, in the event of a breakdown below the support zone at $2330, we may target $2300.

Support

2330 2300 2260
Resistance 2350 2400

BTCUSD

BTCUSD

Prices are currently trading sideways in the short term. If there is a breakout above the descending trendline and a confirmed breach of the resistance level at $71,400, it is likely that Bitcoin will resume its upward trend in the medium term. However, if the upward trendline is broken below in the range of $66,000, we may test $60,800.

support

68400 65000 64300
Resistance 71400 73850

NASDAQ

NASDAQ

The Nasdaq index is trading sideways in the short term, between the resistance zone at $18,400 and the support zone at $17,850. In the event of a breakdown below the support zone, we may test $17,450. However, if prices break above this sideways range, the index may resume its upward trend in the medium term.

Support

17850 17450
Resistance 18300 18400

18490

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