Daily Technical Analysis

Gold prices followed the expected upward trend outlined in the previous technical report, where the stability of trading above the 2678 support level was highlighted. However, as noted, breaking the 2670 support level would halt the bullish scenario, placing gold under negative pressure. This scenario materialized, with prices reaching a …

The EUR/USD pair experienced negative trading towards the end of last week’s sessions, exerting pressure on the support level of 1.0470 and recording a low of 1.0453. Technically, the pair is showing attempts at a bullish bounce due to its temporary stability above the strong support at 1.0470. However, the …

Oil, Crude, trading

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Oil, Crude, trading

US crude oil futures experienced significant upward momentum, breaking the pivotal resistance level of $68.60 to achieve the anticipated targets from the previous session, reaching $70.50 per barrel. Technical Analysis A closer examination of the 4-hour chart reveals: Support Levels: The price currently holds above minor support at $69.60, with …

Gold prices sustained a robust upward trend as anticipated in the previous report, reaching the target of $2720 and recording a peak at $2726 per ounce. Technical Analysis A detailed examination of the 4-hour chart reveals: Positive Signals: The simple moving averages continue to bolster the upward trajectory. The 14-day …

The Euro continued its retreat against the US Dollar during the previous session, aligning with the anticipated negative outlook, reaching the first target of 1.0475 and recording a low of 1.0479. Technical Analysis An analysis of the 240-minute chart indicates: Bearish Factors: The simple moving averages are exerting downward pressure. …

Oil, Crude, trading

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