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Today Technical Analysis : Gold Retreats After Breaking a New Record at $3,578

September 4, 2025, 07:03

Gold Technical Analysis

Gold prices continue to rise as the precious metal hit a high of $3578 yesterday before pulling back to $3,532. The move suggests profit-taking after a strong bullish rally.

Price has dropped below moving averages MA (5) and MA (10), and MA (30) on the hourly chart.

Strong bearish momentum is seen on MACD  as its line fell sharply below the signal line.

Gold remains bullish in the bigger picture but is under short-term correction now. Watch for $3,520 support level. Holding above it may attract dip-buyers. If broken, downside could extend to $3,480.

Gold (XAUUSD) 1H Chart

Gold (XAUUSD) 1H Chart 4-9-2025
Resistance$3,559$3,578$3,590
Support$3,510$3,497$3,469

Nasdaq 100 Technical Analysis

Nasdaq bounced strongly from its recent low of 22,996 to 23,758, then corrected and is now stabilizing near 23,437.

Price is consolidating above mid-term moving average MA (30). Short term moving averages MA (5) and MA (10) show flattening, signaling sideways consolidation after recent recovery.

Momentum has weakened as MACD is flat, showing indecision. Both MACD and Signal lines are converging, suggesting a breakout move may come soon.

Nasdaq is in a consolidation phase after a bounce. A breakout above 23,600 may resume the bullish push. However, failure to maintain these levels could send it back toward 23,300.

Nasdaq 100 1H Chart

4-9-2025 Nasdaq 100 1H Chart
Resistance23,48823,63023,745
Support23,28223,18723,115

Bitcoin Technical Analysis

Short term trend on Bitcoin is still mainly bearish on the hourly chart. The cryptocurrency is currently trading near $110,458, down -1.55% from recent highs.

Price has broken below the moving averages MA(5) and MA(10), signaling near-term weakness. Mid-term moving average MA(30) is still rising, suggesting the broader uptrend is intact, but short-term momentum has turned bearish.

Bearish crossover occurred on MACD, with the MACD line dropping below the signal line.

Short-term pullback in still progress. If bitcoin holds above $110,000, it may attempt a rebound upward. A break below $110,000 could trigger deeper correction toward $108,800.

Bitcoin 1H Chart

Bitcoin 1H Chart 4-9-2025
Resistance$111,714$112,614$113,522
Support$109,253$108,441$107,511
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