Gold prices nearly reached our previously identified target of 2374, peaking at $2371 per ounce. While a minor pullback occurred due to overbought conditions, the technical outlook remains bullish. Key Technical Signals: Support Holds: The 2350 support level successfully contained the recent bearish pullback.Upward Rebound: The 4-hour chart reveals an …
Read More »EUR/USD: Bullish Potential Amidst Narrow Range Trading 10/7/2024
The EUR/USD pair has been trading within a narrow range, confined between the support level of 1.0800 and the pivotal resistance at 1.0840. Technical analysis indicates a potential for a bullish breakout, but caution is warranted. Key Technical Signals: Support Level: The pair has found solid support near the psychological …
Read More »Dow Jones: Cautious Optimism Amidst Volatility 9/7/2024
Oil, Crude, trading
Read More »USD/JPY: Bearish Bias Emerges After Strong Resistance 9/7/2024
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Read More »GBP/USD: Bullish Momentum Builds After Key Resistance Break 9/7/2024
Oil, Crude, trading
Read More »WTI: Bearish Correction Underway 9/7/2024
WTI crude oil experienced negative trading in the previous session, initiating a downward correction and touching the psychological support level of 82.00. The technical outlook now leans towards further downside potential. Key Technical Signals: Breakdown of 82.70: A confirmed break below the 82.70 level, coupled with negative pressure from the …
Read More »Gold: Bullish Bias Persists Despite Recent Pullback 9/7/2024
In our previous report, we highlighted potential targets of 2374 and 2388 for gold, which successfully reached a high of $2391 per ounce. While a minor pullback occurred due to overbought conditions, the technical outlook remains bullish. Key Technical Signals: Support Holds: The 2353 support level effectively limited the recent …
Read More »EUR/USD: Bullish Momentum Gains Strength 9/7/2024
The EUR/USD pair reached our anticipated target of 1.0845 in the previous week, signaling a continuation of its upward trajectory. Technical analysis of the 4-hour chart reveals several factors supporting this bullish outlook: Key Technical Signals: Resistance Breakout: The pair has decisively broken through the psychological resistance level of 1.0800, …
Read More »Dow Jones: Bullish Momentum Continues, Upside Breakout Eyed 5/7/2024
Oil, Crude, trading
Read More »USD/JPY: Correction Potential Amidst Resistance and Negative Signals 5/7/2024
japanese-yen
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