Chart the Market (01/08/2025)
EN

Download App

  • Market Insights   >   Chart The Market

1 August 2025,03:27

Chart The Market

Chart the Market (01/08/2025)

Tags:

1 August 2025, 03:27

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

BTC, H4: 

Bitcoin has traded sideways in recent weeks, consolidating within a narrow range between $115,000 and $120,000. The world’s largest cryptocurrency had previously maintained a firm long-term uptrend, supported by a rising trendline that has now been decisively breached.

The latest technical development shows BTC breaking below its multi-week uptrend support near the $117,650 mark, raising the prospect of a bearish trend reversal. Momentum indicators offer little optimism— the Relative Strength Index (RSI) continues to hover below the neutral 50 level, while the MACD remains flat along the zero line. Together, these suggest a lack of directional conviction and limited upside momentum in the near term.

Resistance Levels:121,550.00, 125,700.00

Support Levels: 111,700.00, 106,885.00

XAUUSD,  H4

Gold attempted a technical rebound from recent lows but faced rejection at the immediate resistance level of $3,305, reinforcing a short-term bearish bias. The precious metal is now gradually forming a falling wedge pattern—often seen as a potential signal for a bullish reversal if confirmed by a breakout.

A decisive move above the $3,305 resistance level would be viewed as a key technical trigger, potentially marking the end of the current downtrend. However, for now, momentum remains subdued. The Relative Strength Index (RSI) continues to hover near oversold territory, reflecting sustained selling pressure. Meanwhile, the MACD has extended its decline further below the zero line, reinforcing the bearish tone in the near term.

Resistance Levels: 3305.00, 3345.00

Support Levels: 3256.00, 3205.00

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!