On the weekly timeframe, STG remains in a broader downtrend, respecting a long-term descending structure with consistent lower highs and lower lows. as long as price remains below the descending channel and below $0.23 on a strong weekly basis, the broader structure remains bearish. The recent move looks corrective for now, and failure to break resistance could result in continuation back toward the channel lows.
short-term recovery attempt, but macro trend still bearish until key resistance levels are reclaimed on higher timeframe closes. $STG
ZEC remains in a clear bearish daily structure, printing lower highs and lower lows after failing to reclaim the prior supply zone around $300–$330. The recent breakdown below key support confirms seller control, and the current bounce looks corrective rather than impulsive. As long as price trades below former support-turned-resistance, downside risk remains dominant, with a potential continuation toward the $140–$130 demand zone, where stronger historical liquidity sits. A meaningful shift would require a strong daily reclaim above the supply zone; until then, rallies are likely to be sold. $ZEC
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Markets Wobble as Oil and Gold Jump on Geopolitical Jitters
HONG KONG, Feb 4, 2026 – Asian shares wobbled on Wednesday, mirroring steep losses on Wall Street driven by fears that new artificial intelligence tools could disrupt traditional software firms.
Oil prices climbed over 1% after the U.S. military shot down an Iranian drone approaching an aircraft carrier in the Arabian Sea. The incident, alongside reports of Iranian gunboats nearing a U.S.-flagged tanker in the Strait of Hormuz, stoked fresh supply concerns.
Meanwhile, gold made a sharp comeback, rebounding to reclaim the key $5,000 per ounce level as investors sought safe-haven assets amid the geopolitical tensions and broader market volatility. $XAU $XAG $BTC #GOLD #USIranStandoff