The pair remains in an upward trend, attempting to consolidate above the 1.3900 level while maintaining a positive technical structure. Technical Outlook: RSI: Sending early positive signals, supporting short-term bullish momentum. 50-period SMA: Prices remain above it, reinforcing the upside bias. Probable Scenario: Bullish Case: As long as trading holds …
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The pair is trading with a slightly positive intraday bias but remains capped below the key resistance level of 1.3480, keeping the overall pressure tilted to the downside. Technical Outlook: RSI: Showing early negative signs after entering overbought territory, hinting at potential negative divergence and weakening upside momentum. 50-period SMA: …
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Gold successfully completed the corrective decline highlighted in the previous report, reaching $3,793, before resuming its upward trajectory and recording a new session high at $3,875 in early trading today. Technical Outlook: Trend: The overall bias remains bullish after the completion of the initial correction wave. 50-period SMA: Price continues …
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The pair extended its upward movement, testing the pivotal resistance at 1.3950, which successfully limited further gains. Technical Outlook: Relative Strength Index (RSI): Attempting to send short-term positive signals, hinting at a possible continuation of bullish momentum. 50-day Simple Moving Average (SMA): Prices remain supported above this level, reinforcing the …
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The pair is showing positive intraday movements after testing the psychological support level of 1.3400 in the previous session. Technical Outlook: Relative Strength Index (RSI): Beginning to show negative signals due to overbought conditions relative to price action, suggesting the potential for negative divergence. 50-day Simple Moving Average (SMA): Acting …
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Gold (XAU-USD) prices continued their sharp rise during the morning trading session, recording a high of $3,867. Technical Outlook – 4-Hour Timeframe: Price action remains supported by stability above the simple moving averages, which act as dynamic support, reinforcing the upward trend. The bullish trend clearly dominates, with buying momentum …
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The pair continues to move within an overall upward trajectory, though technical signals remain conflicting. Technical Outlook: Relative Strength Index (RSI): Beginning to show negative signals on the short-term timeframe, hinting at a possible slowdown in momentum. Simple Moving Averages (SMA): Acting as dynamic support, helping to maintain the broader …
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The pair witnessed mixed trading with a slight bullish bias after establishing a short-term support line. Technical Outlook: Relative Strength Index (RSI): Showing negative signals due to overbought conditions relative to price action, raising the risk of negative divergence. 50-Period Simple Moving Average (SMA): Acting as dynamic resistance, maintaining downward …
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Gold extended its rally during the European session, recording a high of $3,759 per ounce, surpassing the previously mentioned $3,720 resistance. Technical Outlook: Simple Moving Averages (SMA): Price action remains supported above the moving averages, which act as dynamic support reinforcing the bullish structure. Relative Strength Index (RSI): Approaching overbought …
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Positive trading has re-emerged in the pair, supported by stability above the 1.3770 level. Technical Outlook: Relative Strength Index (RSI): Returning to send short-term positive signals, reflecting renewed buying attempts. Simple Moving Averages (SMA): Acting as dynamic resistance, still exerting pressure on the price from above. Probable Scenario:With mixed signals …
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