Forex, Gold, Oil, Bitcoin & NVIDIA – Key Price Levels and Trading Opportunities

Last week saw mixed market performance, with oil rising nearly 8%, the Nasdaq falling 4.5%, Bitcoin dropping 2.5%, and gold declining 0.5%. This week, traders will focus on Canada’s CPI, U.S. jobless claims, corporate earnings, and geopolitical developments for fresh opportunities across Forex, metals, energy, crypto and stocks. 

Previous Week’s Market Recap

Forex: The U.S. dollar weakened over the week despite hotter-than-expected inflation data. The Dollar Index fell approximately 0.5%, while EUR/USD and GBP/USD strengthened. Changing Federal Reserve rate expectations and declining Treasury yields pressured the greenback. The Japanese yen also recovered slightly as investors assessed the Bank of Japan’s monetary policy outlook.

Metals: Gold experienced a volatile week, declining approximately 0.5% to around 4,160–4,190 per ounce. Higher inflation initially pressured prices, but a weaker dollar and falling Treasury yields supported a late recovery. Silver weakened more significantly, falling approximately 5% to around $57 per ounce. 

Energy: Oil prices climbed sharply amid Middle East supply concerns. WTI crude rose approximately 7.7–8%, moving from around $91.83 to $98.88 per barrel, while prices briefly traded above $100. Brent crude also strengthened, trading above $104 per barrel by Friday as geopolitical tensions heightened supply concerns. 

Crypto: Bitcoin struggled to maintain its upward momentum, falling approximately 2.5% from around $83,679 to $81,545. Prices fluctuated as investors responded to weakness in technology stocks and broader market uncertainty. Ethereum underperformed, declining approximately 4.9% over the week. 

Stocks: NVIDIA and other technology-related shares faced selling pressure amid concerns over AI investment costs and financing. The S&P 500 declined approximately 2.1%, while the Nasdaq Composite fell around 4.5% amid weakness in technology stocks. In contrast, the Dow Jones Industrial Average gained approximately 0.7%, reflecting mixed performance across the broader market. 

Indices: U.S. equity indices delivered mixed results, with technology stocks leading the declines. The Nasdaq Composite was the weakest major index, falling around 4.5%, while the S&P 500 lost approximately 2.1%. The Dow Jones Industrial Average advanced around 0.7%, showing greater resilience as investors reassessed inflation, interest-rate expectations and corporate earnings.

Important Events This Week:

FOREX : USDCAD

On Monday, 19 October 2026, at 12:30 PM GMT, Canada will release its CPI data, expected at 0.2%. On Thursday, 22 October, at 12:30 PM GMT, the US will publish its unemployment claims, forecast at 200K. 

USDCA

USDCAD is testing key support around 1.4120. A rebound above 1.4159 could support a BUY toward 1.4189, with SL at 1.4120 and RR around 1:0.8. A rejection from 1.4159 could trigger a SELL toward 1.4011, with SL at 1.4189 and RR around 1:4.9. A break below 1.4120 would strengthen the bearish outlook toward 1.4011.

Always apply risk management.

METALS : XAUUSD ( GOLD )

Gold (XAU/USD) will be influenced by U.S. inflation, Federal Reserve rate expectations, Treasury yields, the dollar and geopolitical tensions this week. U.S. CPI stood at 3.7% year-on-year, while core CPI was 2.6%. On Thursday, 22 October, U.S. unemployment claims will provide further clues about the labour market. Stronger inflation, rising yields and a stronger dollar could push gold lower, while falling yields, a weaker dollar and increased safe-haven demand 

Gold (XAU/USD) is testing resistance around 4,218.91. A break and hold above 4,218.91 could support a BUY toward 4,250.75, with SL 4,184.70 and RR around 1:0.9. A rejection from 4,218.91 could trigger a SELL toward 4,077.46, with SL 4,250.75 and RR around 1:4.4. A break below 4,160.87 would strengthen the bearish outlook toward 4,143.93, 4,131.32, and potentially 4,118.72. 

Always apply risk management. 

ENERGY : USOIL 

USOIL will be driven by Middle East tensions, U.S. crude inventories and global supply. WTI recently traded around 100–101 per barrel, supported by an 8.6 million-barrel drop in U.S. crude stocks. Supply disruptions could push prices higher, while easing tensions and rising inventories may trigger a decline. 

USOIL is testing key resistance around 98.07, with price currently near 97.33. A break and hold above 98.07 could support a BUY toward 103.89, with SL at 95.12 and RR around 1:2.5. A rejection from 98.07 could trigger a SELL toward 95.12, followed by 93.35, with SL at 98.07 and RR around 1:1.3 to the first target. A break below 95.12 would strengthen the bearish outlook toward 93.35, 92.10, and potentially 90.86. 

Always apply risk management.

CRYPTO : BTCUSD ( BITCOIN )

The crypto market will be driven by U.S. interest-rate expectations, Bitcoin ETF flows and economic data. U.S. jobless claims on 22 October could influence market sentiment, while fresh ETF inflows may support prices and continued outflows could trigger further declines. 

Bitcoin is testing key resistance around 83,536.61, while price remains below the descending trendline, keeping the broader structure bearish. A break and hold above 83,536.61 could support a BUY toward 84,288.03, followed by 84,815.81, with SL at 82,579.44 and RR around 1:0.8 to the first target. A rejection from the resistance zone could trigger a SELL toward 79,815.27, with SL at 83,536.61 and RR around 1:2.2. A decisive break below 79,815.27 would strengthen the bearish outlook and signal potential further downside. Always apply risk management. 

STOCKS : NVIDIA 

The stock market will be driven by corporate earnings, AI-sector volatility and U.S. economic data. Last week, the Nasdaq fell 4.5%, the S&P 500 dropped 2%, while the Dow gained 0.7%. Investors will watch Tesla and Meta earnings on 21 October and PMI data on 23 October. Strong earnings could support a rebound, while disappointing results may trigger further declines. 

NVDA is testing key support around 213.98. A break and hold above 220.25 could support a BUY toward 225.17, with SL 213.98 and RR around 1:0.8. A rejection from 220.25 could trigger a SELL toward 195.86, with SL 220.25 and RR around 1:2.8. A break below 209.19 would strengthen the bearish outlook toward 195.86. Always apply risk management.