Weekly Market Update: BTCUSD, GOLD & S&P500 : May 4th – 10th, 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 Within $73615 – $74837 Support Area
Comments: Price formed a Giant Inside Bar Pattern overnight (We are not considering trading this pattern).
Potential Trade Signal: We are considering buying on a deeper retracement lower and after a price action buy signal, at or within the $73615 – $74837 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 $4842 – $4889 Resistance Area
Comments: Price moved briefly lower from the recent Inside Bar Pattern that had formed early last week (We did not consider trading this pattern, nor did we mention it).
Potential Trade Signal: We are considering selling on a retracement higher and after a clear price action sell signal, at or just below the $4842 – $4889 short-term resistance area.
To Trade This Market With Our Preferred Broker, CLICK HERE
S&P500 – CASH: Buying On Retracement Lower & After Price Action Signal At Or Above 6994 Support Level
Comments: Price formed a Bearish Pin Bar Signal late last week (We are not considering trading this signal).
Potential Trade Signal: We are considering buying on a deeper retracement lower and after a price action buy signal, at or just above the 6994 short-term support level.
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.
