Recovery Rally Targets 27,850 – Rehana William |Financial Consultant _Forex_Gold Xauusd| Fund Manager
📊 US100 (NASDAQ) Market Update | Jul 30
Timeframes: 15M | 1H | 4H
Current Bias: 🟢 Intraday Recovery | 🔴 Higher Timeframe Still Bearish
🔹 Trend Overview
Price has bounced from the 27,050–27,150 demand zone after a sharp sell-off.
15M shows higher lows and short-term bullish momentum.
1H & 4H remain below major resistance, so this is still a recovery within a broader downtrend.
📍 Key Resistance
27,780 – 27,850 → Immediate supply / first profit zone.
28,000 – 28,100 → Strong institutional resistance.
28,950 – 29,000 → Major bearish reversal zone.
📍 Key Support
27,360 – 27,390 → Immediate intraday support.
27,200 – 27,250 → Strong demand zone.
27,050 → Weekly swing low. A break below could trigger fresh selling.
🎯 Trading Outlook
✅ Above 27,390, bulls can extend toward 27,780–27,850.
❌ Failure to hold 27,360 shifts momentum back to sellers, exposing 27,200 and 27,050.
📌 Bias: Buy dips while above 27,360. Sell rallies into 27,780–28,000 unless a strong breakout is confirmed.
⚠️ Risk Event: US inflation and employment-related data this week could increase volatility. Manage risk and avoid chasing breakouts.
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