Chart the Market (01/09/2025)

BTC, H4: 

BTCUSD is trading near $107,700 on the chart, showing continued weakness after failing to sustain above the $108,875 resistance. The pair has broken below its rising trendline support, reinforcing the bearish structure. Price is now consolidating just above the $108,875–105,440 support zone, which is critical for short-term direction.

Momentum indicators confirm the downside bias. The RSI is hovering at 38, edging into bearish territory but not yet oversold, leaving room for further declines. Meanwhile, the MACD remains deeply negative, with a widening gap between the MACD and signal lines, suggesting bearish momentum is still in play.

Overall, the technical outlook for BTCUSD on the chart remains bearish, with sellers holding control unless price can reclaim key moving averages above $110,735. The $108,875 resistance is the immediate level to watch for the next move.

Resistance Levels: 108,875.00, 112,470.00

Support Levels: 105,440.00, 100,700.00

XAUUSD,  H4

Gold (XAU/USD) extended its rally to a fresh high near $3,471 after clearing resistance at $3,435 and $3,460, with momentum briefly accelerating toward the $3,495 barrier. Despite the advance, signs of profit-taking are emerging as price struggles to extend beyond near-term highs, raising the risk of consolidation.

Immediate support is now seen at $3,435, followed by $3,400, levels that have flipped into short-term floors. A firm defense of these zones would help preserve the broader uptrend structure, while a break lower could expose gold to a deeper corrective pullback.

Momentum signals remain stretched, with RSI deep in overbought territory and MACD still strong but showing early signs of deceleration. This suggests gold may pause or retrace in the near term before bulls attempt another push toward $3,495 and potentially $3,520.

Resistance Levels: 3495.00, 3520.00

Support Levels:  3435.00, 3400.00