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Nasdaq gains supported by Federal Reserve remarks

Technical Analysis
By Mostafa Mahmoud
Nasdaq gains supported by Federal Reserve remarks
0 2

NASDAQ

ناسداك 24-11-2025

Nasdaq index is trading around the $24,500 resistance level, and prices are likely to break above it to target the $25,100 level. This scenario becomes invalid if the $23,825 support level is breached to the downside during today’s session.

Support

 23825 23500
Resistance 24500

25100

The Nasdaq index delivered a positive performance today, extending the buying momentum that began following dovish remarks from Federal Reserve officials. Interest-sensitive stocks, particularly in the technology and artificial intelligence sectors, led the upward move as market sentiment improved regarding the possibility of an interest rate cut in December.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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