The internal channel and the key dotted level near 4,760–4,762 remain central to the analysis.
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Prior analysis referenced 4,760
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Actual reaction low printed at 4,757.1
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The deviation was less than 1%, technically negligible relative to the move
This was a textbook retest, not a breakdown.
The 4,760 junction on Nasdaq Futures: a decision point, not a prediction
At the time of the prior article, this area was clearly defined as a junction, meaning:
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It could trigger profit-taking
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It could break higher and trap shorts
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Or it could briefly dip and then recover
That is exactly what unfolded.
On a lower timeframe, price did reject the level, which allowed for a tactical short trade. That trade was shared in real time on the Investing Live Stocks Telegram channel, where:
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Partial profits were taken quickly
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Stops were adjusted to breakeven
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Risk was neutralized even if the remainder was stopped
This is a classic example of professional trade management, where execution matters more than direction.
The bearish-looking pattern that failed Nasdaq bears
Following the initial pullback, price formed a pattern that most participants interpret as bearish. This is important.
When a widely watched bearish pattern:
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Fails to follow through
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Breaks to the upside instead
The result is often accelerated upside, driven by trapped positioning.
That is what happened next.
Gold surged to 4,891.1, forcing remaining shorts to cover at progressively worse prices.
Trump, Greenland, and the risk-on impulse
The next catalyst came from the macro side.
When Trump stated he would not use military force regarding Greenland, markets briefly flipped into risk-on mode:
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Equities pushed higher
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Gold saw a pullback
Technically, that pullback was near-perfect.
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The low again tested 4,757
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Price respected the upper boundary of the channel
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Subsequent candles showed clean touch points and continuation higher
This is exactly how healthy trends behave.
What the price action at Nasdaq futures is signaling now
From a technical perspective:
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The structure remains bullish
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Pullbacks are corrective, not impulsive
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Buyers continue to defend the channel
It is entirely possible to see:
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Another brief retest within the channel
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Additional consolidation near resistance
But based on current price behavior, a retest of all-time highs remains the dominant scenario, unless the channel is decisively broken.
Why this matters for Nasdaq traders and investors today
This move in gold is not about guessing headlines. It is about:
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Identifying key junctions
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Watching price reaction
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Managing risk dynamically
Gold’s reaction to the Davos headlines did not invalidate the trend. It confirmed it.
Today’s Nasdaq Futures Key levels to keep in focus
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4,760–4,762: Major structural support and decision zone
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Channel upper boundary: Ongoing resistance and validation area
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4,891: Recent swing high and reference for continuation
Gold’s pullback after Trump’s Davos speech was orderly, technical, and constructive. The market respected every major level that mattered, and price action continues to support the bullish structure.
As always, these are opinions, not promises
