NASDAQ Analysis – 10.May.2024

NASDAQ Analysis – 10.May.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

NASDAQ Analysis: After examining the NASDAQ chart on a 4-hour timeframe, we noticed that the price, following our previous analysis, experienced a drop of 170 pips and managed to correct to 17,970. Subsequently, it regained demand and moved towards the second supply zone. Today, as the NASDAQ index reached 18,250, we witnessed a significant drop from this level, with a decline of 160 pips down to 18,090. It is likely that we will see further declines in the NASDAQ chart in next week. I hope you have made the most of this analysis this week!
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Author : Arman Shaban

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