Gold (XAU/USD)
Gold Trades in Tight Range – Can It Break Above $2,922?
Gold remains range-bound between $2,898 and $2,922. A breakout above resistance could extend gains, while a drop below $2,898 may trigger selling toward $2,875.
Gold is currently consolidating within a well-defined trading range between $2,898 and $2,922, with price action respecting these key levels. A recent rebound from the lower boundary signals strong support, but the lack of sustained momentum above $2,920 suggests that buyers remain cautious without a clear catalyst. Volume spikes near support indicate accumulation, hinting at potential upside. However, for the bullish trend to continue, a decisive breakout above $2,922 is required. If gold fails to breach this resistance, another test of $2,898 support is likely. A breakdown below this level could accelerate selling pressure, opening the door for a deeper pullback toward $2,875.
Key Levels: Resistance: $2,922 | Support: $2,898
Bitcoin (BTC/USDT)
Bitcoin Rebounds from $73K – Can It Break Above $85K?
Bitcoin is recovering after bouncing from the $73K-$77K zone, testing $83,500. A break above $85K could target $91,700, while failure may lead to another drop.
Bitcoin has faced a sharp pullback from its all-time high but recently found strong support within the $77,000–$73,000 demand zone, leading to a notable bounce. The ongoing recovery is now testing $83,500, a key level that previously acted as support. If BTC successfully reclaims the $85,000 mark, bullish momentum could drive the price toward the next major resistance at $91,700. However, failure to sustain above this level may trigger another decline, potentially revisiting the $77,000 support area. While the broader macro trend remains bullish, the recent correction highlights the need for caution, with the 200-day moving average serving as a crucial dynamic support level for traders to watch.
Key Levels: Resistance: $85,000, $91,700 | Support: $77,000
Tesla (TSLA)
Tesla Drops 15%, Testing Key Support at $222 – What’s Next?
Tesla’s stock has plunged 15%, breaking key support levels and hovering around $222. If $212 fails to hold, a drop toward $167 is possible. Can it recover?
Tesla has suffered a sharp 15% decline in the latest trading session, breaking below crucial support levels and raising concerns among investors. The stock is currently hovering around $222, with the next significant support level at $212. If this level fails to hold, the downside risk could extend further, potentially pushing the stock toward $167. The surge in selling volume suggests panic selling, signaling bearish sentiment. However, a rebound from this zone could spark a short-term recovery. For Tesla to regain bullish momentum, it would need to climb back above $269, a key resistance level that could determine the stock’s next trend.
Key Levels: Resistance: $269, $298 | Support: $222, $212
EUR/USD
EUR/USD Eyes Break
EUR/USD is testing a breakout from the 1.0780–1.0920 range. A close above 1.0920 may signal a rally toward 1.1000, while failure could lead to a retest of 1.0780.
EUR/USD is making an attempt to break out of its consolidation range between 1.0780 and 1.0920, a critical zone that has defined recent price action. A confirmed close above 1.0920 would solidify bullish momentum, potentially paving the way for a move toward the key psychological level of 1.1000 in the near term. However, if the breakout attempt fails, the pair could retreat back to 1.0780, an area where buyers have historically shown strong interest. The volume profile indicates significant buying pressure, but a confirmed move above resistance is essential to sustain further upside movement. Traders are closely watching for signs of confirmation before committing to directional bets.
Key Levels: Resistance: 1.0920 | Support: 1.0780
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