Market Snapshot: US100, US500 & XAU/USD – Key Levels to Watch ThNew Zealand Dollar/Japanese YenFX:NZDJPYThe_new_world_orderUS100 (Nasdaq 100) – Bearish Momentum Persists The US100 continues to trade below the key 25,626 gap, confirming the Island Top formation. Bulls are struggling to reclaim territory as sellers maintain pressure. Key Levels Support: 24,980 – 24,720 Resistance: 25,350 – 25,620 Bias: Bearish below 25,626 Technical Outlook Price is forming lower highs, and momentum remains weak. A break below 24,720 opens room for a deeper correction toward 24,300. 📈 US500 (S&P 500) – Sideways but Vulnerable The S&P 500 is consolidating within a tight range, showing indecision as traders await U.S. data releases later this week. Key Levels Support: 5,220 Resistance: 5,310 Bias: Neutral → Bearish if 5,220 breaks Technical Outlook A clean break below 5,220 could trigger a sharper pullback toward 5,150, while recovery above 5,310 would strengthen bullish momentum. 🟡 XAU/USD (Gold) – Still Under Pressure Below $4,100 Gold has slipped below the $4,100 mark, with uncertainty around U.S. data and Fed rate expectations weighing on sentiment. Key Levels Support: 4,040 Resistance: 4,120 Bias: Bearish below 4,100 Technical Outlook As long as gold stays below 4,100, sellers are favored. Watch for a retest of 4,040, where a bounce or breakdown will determine the next sharp move.