Chart the Market (09/07/2025)

XAUUSD, H4: 

Gold prices slipped below the 61.8% Fibonacci retracement level at $3,290.00, raising concerns over a potential break in the metal’s bullish structure. The move suggests that if gold fails to find support above the prevailing downtrend line, further downside could materialize, reinforcing a bearish outlook.

Momentum indicators are also aligning with the negative price action. The Relative Strength Index (RSI) continues to decline after failing to breach the overbought zone, while the MACD has crossed below the zero line, signaling the emergence of fresh bearish momentum.

A decisive breakdown below the current support levels could open the door for deeper corrections, especially if broader risk sentiment weakens or the U.S. dollar regains strength.

Resistance Levels: 3290.00, 3381.80

Support Levels: 3224.85, 3140.40

BTC,  H4

Bitcoin has broken out of its previous downtrend channel and is now gradually forming a higher-low price pattern, signaling a potential bullish bias for the cryptocurrency. However, BTC remains capped below the critical resistance near the $110,000 mark. A decisive break above this level could confirm a stronger bullish signal and open the door to further upside.

Momentum indicators, however, are painting a more neutral picture. The Relative Strength Index (RSI) is hovering around the midline, reflecting a lack of clear momentum, while the MACD is on the verge of crossing below the zero line, indicating that bullish momentum may have faded for now.

Traders will likely watch for a confirmed breakout above the $110,000 threshold to validate renewed buying interest, while failure to do so may leave BTC vulnerable to further consolidation.

Resistance Levels: 110,365.00, 113,560.00

Support Levels: 104,840.00, 101,640.00