As we enter the second half of the week, markets present a mix of bullish and bearish opportunities across key assets. Gold is trading around $4,472.7, EUR/USD at 1.1539, Bitcoin near $63,736, Oil around $7,943, NVIDIA at $217.48 and the Nasdaq 100 near 29,525. Traders should watch the highlighted support, resistance and trendline levels for potential breakouts, reversals and continuation setups, while applying strict risk management.

METALS : XAUUSD ( GOLD )

Market Context: Gold remains bullish on the 4H structure, with price currently around 4,472.7, approaching key resistance at 4,526.9.

Bearish Scenario: A rejection around 4,526.9 could trigger a pullback toward 4,380.5, followed by 4,306.5 and 4,238.5.

Bullish Scenario: A clear breakout above 4,526.9 could signal further bullish continuation, opening the way toward 4,883.5.

Set Up:

Sell: 4,526.9 rejection zone
TP: 4,380.5 / 4,306.5 / 4,238.5
SL: Above 4,526.9/confirmed breakout
Bullish alternative: Buy after a confirmed breakout and retest above 4,526.9 toward 4,883.5.

Apply Risk Management

FOREX : EURUSD

Market Context: EUR/USD remains under a descending trendline, keeping the broader 4H structure bearish. Price is currently around 1.1539, approaching key resistance at 1.1573.

Bearish Scenario: A rejection around 1.1573 or the descending trendline could push price lower toward 1.1435 support.

Bullish Scenario: A clear breakout above the descending trendline and 1.1621 resistance could signal a trend reversal, opening targets around 1.1659–1.1685.

Set Up

Sell: 1.1570–1.1620 rejection zone
TP: 1.1435
SL: Above 1.1621/confirmed breakout
Bullish alternative: Buy after a confirmed breakout and retest above 1.1621.

Apply Risk Management

CRYPTO : BTCUSD

Market Context: BTC/USD is holding above a rising trendline, maintaining a bullish structure. Price is around $63,736, with key support near $63,440.

Bearish Scenario: A break below the rising trendline and $63,440 could trigger a deeper correction toward $62,221, followed by $61,264.

Bullish Scenario: If BTC holds the trendline and breaks above nearby resistance, bullish momentum could target $66,958.

Set Up:

Buy: Around $63,440 after bullish confirmation
TP: $66,958
SL: Below $62,221

Bearish alternative: Sell below $63,440 after a confirmed trendline break, targeting $62,221–$61,264.

Apply Risk Management

ENERGY : OIL

Market Context: Crude oil is trading around 7,943, recovering toward key resistance at 8,024 while remaining below the descending trendline. The broader 1H structure remains bearish until a confirmed breakout.

Bearish Scenario: A rejection around 8,024 or the descending trendline could push price lower toward 7,377 support.

Bullish Scenario: A clear breakout above 8,024 and the descending trendline could signal further upside toward 8,247 and 8,423.

Set Up:

Sell: 8,000–8,024 rejection zone
TP: 7,377
SL: Above 8,024/confirmed breakout
Bullish alternative: Buy after a confirmed breakout and retest above 8,024, targeting 8,247–8,423.

Apply Risk Management

STOCKS : NVIDIA

Market Context: NVIDIA is trading around $217.48, with price holding above key support at $215.88 while approaching resistance at $232.25. The near-term structure remains cautiously bullish above support.

Bearish Scenario: A rejection from $232.25 or a break below $215.88 could trigger a pullback toward $210.82, followed by $205.76.

Bullish Scenario: A clear breakout and close above $232.25 could signal further upside toward $258.74.

Set Up

Sell: $232.25 rejection zone
TP: $215.88 / $210.82 / $205.76
SL: Above $232.25/confirmed breakout
Bullish alternative: Buy after a confirmed breakout and retest above $232.25, targeting $258.74.

Apply Risk Management

INDICES : Nasdaq 100

Market Context: Nasdaq 100 is trading around 29,525, holding above the ascending trendline and key support at 29,494. The short-term structure remains bullish while price stays above this support.

Bearish Scenario:

A break below 29,494 and the ascending trendline could trigger a deeper pullback toward 28,954, followed by 28,574.

Bullish Scenario:

A strong hold above 29,494 could support further upside toward 30,836.

Set Up

Buy: 29,494 support/trendline hold
TP: 30,836
SL: Below 29,494/confirmed trendline break
Bearish alternative: Sell after a confirmed break and retest below 29,494, targeting 28,954–28,574.

Apply Risk Management

Midweek Market Outlook – 12 / August / 2026