Nasdaq
The Nasdaq closed lower due to disappointment following Nvidia’s new product announcement. On the daily chart, the MACD failed to converge with the Signal line, turning downward, and strong selling pressure emerged. If the weekly chart shows a candle with an upper wick breaking below the 10-day moving average, a dead cross on the MACD is likely. On the daily chart, the index has found support twice at the 60-day moving average. However, if it breaks below this level during the current selling wave, there’s potential for further declines toward the monthly 5-day moving average at 20,880.
The 240-minute chart has triggered a sell signal around the MACD zero line, indicating the possibility of steep declines if selling continues. The Nasdaq is currently forming a pattern of lower highs, favoring sell-side strategies. However, with Friday’s non-farm payroll data approaching, pre-market movement may remain range-bound.

Oil
Oil closed higher, finding support at the 5-day moving average. Although it hasn’t pulled back to the 3-week moving average on the weekly chart, continued gains this week could result in a candlestick pattern that reflects support at this level. Strong buying momentum persists on the daily chart, making buy-side strategies advantageous. Selling opportunities may arise if oil challenges the previous high at $76.
The steep divergence between current prices and daily moving averages suggests the need for some price or time correction to bring the moving averages closer. On the 240-minute chart, a sell signal emerged but was followed by a short-term rebound. Given the divergence and angles of the MACD and Signal lines, an immediate breakout to the upside seems unlikely. If prices rise but the MACD fails to form a golden cross, a pullback is likely. Avoid chasing the rally; instead, focus on buying dips at key levels and selling at highs.

Gold
Gold closed higher with an upper wick, showing significant volatility following economic data releases. On the daily chart, gold continues to consolidate within a range. As Friday’s non-farm payroll data approaches, further consolidation is likely, so avoid chasing buying at highs or selling at lows. The MACD and Signal lines on the daily chart show minimal divergence, indicating a range-bound movement.
On the 240-minute chart, another buy signal has appeared, but given the upcoming data releases, it’s more practical to approach this as part of a range-bound strategy rather than expecting a breakout. Exercise caution and focus on range-trading until clearer trends emerge.

■Pre-Market Trading Strategies

Nasdaq – Range-bound Market
-Buy Levels: 21,280 / 21,230 / 21,160 / 21,060 / 20,990
-Sell Levels: 21,450 / 21,505 / 21,555 / 21,600 / 21,680

Oil – Bullish Market
-Buy Levels: 74.20 / 73.80 / 73.10 / 72.70
-Sell Levels: 74.90 / 75.40 / 76.40 / 77.20

Gold – Range-bound Market
-Buy Levels: 2,659 / 2,654 / 2,649 / 2,644 / 2,635
-Sell Levels: 2,669 / 2,676 / 2,681

These strategies are applicable only during pre-market hours, with profit-taking and stop-loss levels set as follows: Nasdaq: 15 points, Oil and Gold: 15–20 ticks.

Trade successfully while keeping an eye on market indicators!

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