Today analysis for Nasdaq, Oil, and Gold

NASDAQ
The Nasdaq initially declined in pre-market trading due to escalating tariff tensions between China and the U.S. but ultimately closed higher. A sell signal appeared on the daily chart but was reversed into a buy signal with yesterday’s bullish candle.

This suggests that the market is still moving within a large box range, with moving averages converging. This consolidation phase indicates that a trend expansion phase—marked by a strong bullish or bearish breakout—may emerge soon. Until then, it is best to trade within the range.

On the 240-minute chart, the market has been making stepwise upward movements, with the MACD forming a golden cross over the Signal line. Despite a strong price surge due to divergence, the index has entered a resistance-heavy zone, and liquidity is currently tight, which could lead to frequent sharp fluctuations.

For now, the best strategy is selling near the upper boundary of the range and buying near the lower boundary. Given the ongoing trade tensions under Trump's tariff policies, risk management is crucial—placing stop-loss orders is highly recommended to protect against increased volatility.

OIL
Oil gapped down but found strong support around the $70 level, closing with a bullish candle. News of the U.S. tightening sanctions on Iran initially sent prices down by 3%, but a sharp rebound followed.

While the daily chart still shows a sell signal, the $70 price area has historically provided strong support, as previously emphasized. Thus, the overall strategy should be buying on pullbacks rather than chasing sell positions.

On the 240-minute chart, the MACD continues to create bullish divergence, forming a buy signal. This increases the likelihood of further upside movement. However, since the MACD and Signal lines are still below the zero line, further price increases are needed to widen the gap between these indicators and confirm bullish momentum.

Overall, buying on pullbacks remains the preferred strategy, but traders should be cautious of potential volatility spikes due to today’s Crude Oil Inventories report.

GOLD
Gold closed higher, finding support at the 5-day moving average. On the daily chart, as long as the 10-day moving average holds, gold should be viewed from a bullish perspective.

The MACD on the daily chart is trending sharply upward, so until a MACD-Signal line death cross occurs, buying on pullbacks remains the best strategy. Similarly, on the 240-minute chart, the MACD has repeatedly formed golden crosses, reinforcing a strong one-way bullish trend.

From a flow of funds perspective, buying pressure remains strong, so buying dips continues to be the most favorable approach. However, traders should be aware of potential high volatility due to the upcoming ADP Non-Farm Employment Change report today and the Non-Farm Payroll report on Friday. Given gold's recent sharp rally, a major inflection point could emerge, using economic data as a catalyst.

The current market environment is characterized by high volatility and rapid price movements, increasing the likelihood of sudden price swings leading to stop-outs. However, if stop-losses are properly managed, losses can be quickly recovered.

In a highly volatile market, profit opportunities increase, so maintaining strict stop-loss discipline while seeking the next trade opportunity is key to successful trading.

Wishing you a successful trading day! 🚀

■Trading Strategies for Today

Nasdaq - Range-bound Market
-Buy Levels: 21500 / 21425 / 21340 / 21250
-Sell Levels: 21665 / 21735 / 21830 / 21930

Crude Oil - Range-bound Market
-Buy Levels: 72.20 / 71.60 / 70.90
-Sell Levels: 73.20 / 73.80 / 74.50

GOLD - Bullish Market
-Buy Levels: 2864 / 2859 / 2850 / 2845
-Sell Levels: 2876 / 2881 / 2889

These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.

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