Gold hits $3,500, crypto profit-taking, indices rally, NFP ahead [Video]

Jasper Osita Independent Analyst

The markets are at a critical turning point this week, and in this video, I break down the major moves across asset classes:

Gold’s surge to $3,500

Gold has pushed into uncharted territory, hitting the $3,500 level as risk-off sentiment and Fed cut expectations fuel safe-haven demand. We’ll explore the catalysts behind this move and what it means for traders in the days ahead.

Crypto money rotation

After weeks of strong gains, the crypto market is showing signs of rotation. Altcoins are cooling off as traders take profit, while Bitcoin and Ethereum face key resistance zones. Is this just a healthy reset or the start of a deeper correction?

US indices gearing up

The S&P 500, Nasdaq, and Dow Jones are showing strength and building momentum toward new all-time highs. With investor sentiment improving, I’ll discuss what levels to watch and how earnings and Fed policy are shaping the next leg higher.

Forex majors in a waiting game

EUR/USD, GBP/USD, USD/JPY and other major pairs remain rangebound as traders position for Friday’s Non-Farm Payrolls (NFP) release. Liquidity is building up, and a strong or weak jobs report could trigger the breakout.
This week’s price action reflects a market in transition - from profit-taking in crypto to safe-haven demand in gold and bullish equity positioning. The real volatility catalyst, however, may come from NFP, which could dictate USD direction across the board.

If you’re a trader looking for:

Short-term trade setups.
Macro market narratives.
Technical outlooks with clear scenarios.

This breakdown will help you stay prepared.

Author

Jasper Osita

Independent Analyst

Jasper has been in the markets since 2019 trading currencies, indices and commodities like Gold. His approach in the market is heavily accompanied by technical analysis, trading Smart Money Concepts (SMC) with fundamentals in mind.

EUR/USD struggles to hold above 1.1800 ahead of US data

EUR/USD finds it difficult to gather recovery momentum and retreats below 1.1800 in the second half of the day on Thursday. The US Dollar (USD) stays resilient against its peers after the hawkish surprise in FOMC Minutes, weighing on the pair ahead of the next batch of US data.

GBP/USD recovers above 1.3500 amid better mood

GBP/USD finds fresh demand and rises back above 1.3500 in the European session on Thursday. Improving risk sentiment and renewed US Dollar weakness are helping the pair recover ground ahead of mid-tier US data releases and Fedspeak.

Gold retreats from daily highs, trades below $5,000

Gold finds it difficult to stabilize above the $5,000 psychological mark on Thursday and trades slightly below this level in the early American session. Escalating geopolitical tensions in the Middle East help XAU/USD hold its ground, while the broad-based USD strength caps the pair's upside.

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments. The technical outlook suggests further gains if INJ breaks above key resistance.

Hawkish Fed minutes and a market finding its footing

It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.