XAUUSD from the commodities market, EURUSD from the forex market, BTCUSD from the cryptocurrency market, and NVIDIA from the stock market are worth examining today, on the third day of the trading week, to review their recent performance and current status, and to anticipate potential changes before the week concludes.
XAUUSD
Sentimental Analysis 
From a sentiment analysis perspective on the BDSwiss mobile app, 98% of traders are long on XAUUSD, while 2% are short.
Technical Analysis
Uptrend line price rejection at $2325.75 on the 15-minute XAUUSD chart.
If rejection holds:
Target: $2338.16
Breakout above $2338.16 targets $2344.30
If rejection fails:
Target: $2329.53
Breakdown below $2329.53 targets $2326.86
Apply Risk Management
Fundamental Analysis
Gold prices dropped 0.90% in the mid-North American session on Tuesday, amid a risk-off mood and falling US Treasury yields. Recent US economic data indicates a slowing economy and potential lower interest rates, yet XAU/USD is trading lower at $2,328.
EURUSD
Sentimental Analysis
From sentiment analysis on the BDSwiss app, 53% of traders are short on EURUSD, while 47% are long.
Technical Analysis
EURUSD downtrend line potential breakout at 1.088561 on the 15-minute chart.
If breakout holds:
Target: 1.08928
Breakout above 1.08928 targets 1.09019
If breakout fails:
Target: 1.08725
Breakdown below 1.08725 targets 1.08593
Apply risk management
Fundamental Analysis
With the highly anticipated rate cut looming, EURUSD is under scrutiny. The ECB prepares for its first cut after rapid hikes to curb inflation. Yet, market response might be subdued as many officials eyed June for rate reduction initiation.
BTCUSD
Sentimental Analysis
According to sentiment analysis on the BDSwiss mobile app, all traders are short on BTCUSD.
Technical Analysis
Potential resistance breakout at $71303.50 on 15-minute BTCUSD chart.
If breakout holds:
Target: $72059.85
Breakout above $72059.85 targets $73021.97
If breakout fails:
Target: $70241.28
Breakdown below $70241.28 targets $69913.15
Apply risk management
Fundamental Analysis
Bitcoin ETFs see renewed inflows, with BlackRock’s IBIT surpassing $20B in AUM after recent flat to negative flows.
NVIDIA
Sentimental Analysis
As per sentiment analysis on the BDSwiss mobile app, there is a 50/50 split between traders buying and selling NVIDIA.
Technical Analysis
4HR Chart of Nvidia shows potential resistance breakout at $1166.81.
If breakout holds:
Target: $1278.58
Breakout above $1278.58 targets $1420.75.
If breakout fails:
Target: $1078.88
Breakdown below $1078.88 targets $1009.85.
Apply Risk Management
Fundamental Analysis
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Sources :
BDSwiss Mobile App
BDSwiss Academy Page on Tradingview
