28 July 2025,03:53
Chart The Market
28 July 2025, 03:53
XAUUSD, H4:
Gold has extended its losing streak to three consecutive sessions, shedding more than 3% and signaling strong bearish momentum in the short term. The decline came as the yellow metal broke below its recent lows, although it continues to hover near a key short-term uptrend support line—raising the possibility of a technical rebound.
Momentum indicators, however, suggest growing downside pressure. The Relative Strength Index (RSI) has exited overbought territory and is approaching the oversold zone, pointing to intensifying bearish sentiment. Meanwhile, the MACD has crossed below the zero line and continues to diverge to the downside—reinforcing the bearish outlook.
While gold’s current trajectory leans bearish, its proximity to trendline support leaves room for a potential rebound should buying interest re-emerge at lower levels.
Resistance Levels:3355.00, 3484.85
Support Levels: 3242.30, 3141.50
BTC, H4
Bitcoin slipped below the $105,000 level earlier this week, filling the price gap left on the CME BTC futures chart—a common phenomenon caused by weekend trading when the exchange is closed. Following the gap fill, BTC rebounded sharply, gaining nearly 4% and signaling renewed bullish momentum.
Technical indicators point to a potential continuation of the rally. The Relative Strength Index (RSI) is trending higher, while the MACD has crossed above the zero line, suggesting a shift toward bullish momentum. These signals support a positive near-term outlook, with BTC potentially retesting its all-time high near $123,300.
The recovery from key technical support and improving momentum indicators indicate that Bitcoin may be regaining its footing and is poised for further upside.
Resistance Levels: 120,180.00, 122,630.00
Support Levels: 118,525.00, 116,750.00
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