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Today Technical Analysis: Gold Starts the Week Higher and Continues its Uptrend

July 21, 2025, 07:09
Gold Starts the Week Higher and Continues its Uptrend

Nasdaq Technical Analysis

The overall trend on U.S. indices is upward, but recent price action on Nasdaq shows slowing momentum and consolidation between 22,950 and 23,160/

RSI is around 60–65 levels, which is not overbought yet, but showing weakening upward momentum.

A bearish engulfing or shooting star near that resistance could confirm downside correction. If price breaks above 23,165, bullish continuation to 23,300 is likely. If price breaks below wedge support (around 23,000–22,950), we may see a drop to 22,800.

Nasdaq 1H Chart

Nasdaq 1H Chart 21-7-2025
Resistance23,15523,25623,401
Support23,07923,04123,008


Gold Technical Analysis

Gold is in a sideways consolidation between $3,355 and $3,400 in the short term.  Overall long-term trend is still bullish, but short-term movement shows indecision.

A rectangle pattern is forming and price is oscillating between $3,355–$3,400. A breakout from this range will signal the next move.

RSI is in neutral zone (50–55), which is consistent with a ranging market. Inside the range, candles shwo no clear direction.

A break above $3,400 targets may lead to further movements toward $3,425–3,450 zone. However, a break below $3,355 may target $3,330.

Gold (XAUUSD) 1H Chart

Gold (XAUUSD) 1H Chart 21-7-2025
Resistance$3,377$3,393$3,460
Support$3,350$3,344$3,322


Ether Technical Analysis

Ether is moving in a clear uptrend, forming higher highs and higher lows. It recently broke above a horizontal resistance at $3,750, turning it into support. A small ascending triangle forms with a flat resistance at $3,820 and rising lows.

RSI is near 70 overbought territory, which might indicate a bearish correction is near. But in a strong trend, RSI can remain overbought longer.

Watch for a strong bullish candle close above $3,820 to confirm further upside movement targeting the psychologicsl level $3900

ETHUSD 1H Chart

ETHUSD 1H Chart 21-07-2025
Resistance$3,825$3,870$3,900
Support$3,750$3,704$3,669
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