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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The pair opened the week under pressure after touching the 1.3560 resistance level, which triggered a wave of negative trading. Technical Outlook: Relative Strength Index (RSI): The indicator is beginning to show early positive signs, likely reflecting temporary relief from oversold conditions, which may briefly limit additional downside pressure. 50-period …
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Gold opened the session with an upward bias, recording a daily high of $3,697 per ounce, supported by favorable technical factors. Technical Outlook:Price action remains underpinned by stability above the simple moving averages, which continue to act as dynamic support for the uptrend. However, the Relative Strength Index (RSI) has …
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The pair extended its negative bias after breaking the ascending trend line, confirming downside pressure. Technical Outlook: Price Action: Intraday movements lean lower as the 50-SMA and other short-term averages now act as dynamic resistance. Trend Line: The clear break of the ascending trend line reinforces the bearish structure. Probable …
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