Weekly Market Update: BTCUSD, GOLD & S&P500 : May 11th – 17th, 2026
NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.
BTCUSD – Bitcoin: Buying On Retracement Lower & After Price Action Signal At Or Just Above $74800 – $75946 Support Area
Comments: Price moved slightly higher from the recent Small Bullish Pin Bar Signal that had formed on Friday, May 8th (We did not consider trading this signal, nor did we mention it).
Price moved briefly lower from the prior Bearish Pin Bar Signal that had formed on Wednesday, May 6th (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are considering buying on a deeper retracement lower and after a price action buy signal, at or just above the $74800 – $75946 short-term support area.
To Trade This Market With Our Preferred Broker, CLICK HERE
GOLD – SPOT: Selling On Retracement Higher & After Price Action Signal At Or Just Below The $4839 – $4889 Resistance Area
Comments: Price formed a Small Bearish Pin Bar Signal late last week (We are not considering trading this signal).
Potential Trade Signal: We are considering selling on a retracement higher and after a clear price action sell signal, at or just below the $4839 – $4889 short-term resistance area.
To Trade This Market With Our Preferred Broker, CLICK HERE
S&P500 – CASH: Buying On Retracement Lower To Within The Range Of Bullish Multiple Inside Bar + Pin Bar (Combination Setup) Breakout Area
Comments: Price moved higher from the recent Bullish Multiple Inside Bar + Pin Bar (Combination Setup) that had formed over two weeks ago.
Potential Trade Signal: We are considering buying on a deeper retracement lower to within the range of the recent Bullish Multiple Inside Bar + Pin Bar (Combination Setup) breakout area, that had triggered around two weeks ago.
To Trade This Market With Our Preferred Broker, CLICK HERE
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
