NASDAQ โ€” The Golden Zone Is Being Tested Again

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NASDAQ โ€” The Golden Zone Is Being Tested AgainUS Tech 100 CashIG:NASDAQTheZimpactโญ NASDAQ has recovered strongly from the previous selloff, building a clear bullish recovery before entering another consolidation phase. Price is now trading just below the Golden Zone, with the market showing repeated attempts to push higher while the lower zone continues to act as structural support. ๐Ÿ† Previously: ๐Ÿ“ˆ Bullish scenario The recovery from the lower zone has been strong, and price has already reclaimed several important areas along the way. If NASDAQ breaks and holds above the Golden Zone, we could expect another bullish expansion toward the upper zone around 30K+. A clean breakout from the Golden Zone would also invalidate the current short-term resistance structure and put the previous highs back into focus. Golden Zone โ†’ breakout โ†’ bullish expansion. ๐Ÿ“‰ Bearish scenario The current Golden Zone is the key area standing in front of the bulls. If price gets rejected here and breaks below the nearby 29K zone, we could see a deeper retracement. The next major area to watch would be the lower zone around 28K, followed by the deeper zone around 27K if selling pressure accelerates. Zone โ†’ breakdown โ†’ bearish expansion. ๐ŸŽฏ Outlook NASDAQ has recovered from the previous lows, but the market is now facing an important resistance area. The Golden Zone is currently acting as the main decision point. A successful breakout could restart the bullish expansion, while a rejection followed by a breakdown would bring the lower zones back into play. Break the Golden Zone โ†’ higher liquidity comes into focus. Lose the lower zone โ†’ deeper retracement opens up. The structure is still bullish overall, but the next move depends heavily on how price reacts around this resistance.