Tag Archives: technical

Gold prices witnessed a positive trading session, compensating for its losses last Friday, nullifying the idea of ​​resuming the decline, in which we relied on stability below the 1779 resistance level. Instead, recording a high of 1790. Technically, by looking at the 4-hour chart, we find the simple moving average …

The Canadian dollar showed some bullish bias during the last trading sessions of last week, after several consecutive sessions during which it did not show any movements, to retest the 1.2885 resistance level. Technically, we find the pair succeeded in stabilizing above 1.2885, the previously breached resistance, which is now …

The negative performance of gold prices at the end of last week’s trading resulted from the US dollar gaining positive momentum after the US jobs data exceeded expectations, reaching its lowest level at 1765, recording the highest near 1794. Today’s technical vision indicates the possibility of resuming the decline, based …

The loonie’s movement has changed little and is still hovering below the pivotal resistance level 1.2880 that it has been unable to breach. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average for the bearish bias, which is exerting negative pressure on the …

Gold prices continued to rise gradually to the upside, as we expected, heading to touch the official target station yesterday at 1794, recording its highest level at 1794. Technically, and by looking at the 240-minute chart, we find the 50-day simple moving average that enhances the chances of rising, in …

For the third session in a row, the Canadian dollar hits the strong resistance level published during the week at 1.2885, which forced it to trade negatively, maintaining the bearish context as we expected. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average …

The yellow metal did not show much change during the last trading session within a sideways range, through which it succeeded in intraday stability above the 1760 support level and in general, above 1750; the price is now hovering near its highest level during the morning trading around 1770. Technically, …

The technical outlook is unchanged, and the Canadian dollar’s movements did not change much, maintaining the negative stability below the 1.2885 resistance level. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average for the bearish bias, which is exerting its negative pressure, in …

Gold prices achieved the first target mentioned in the previous technical report in 1783, recording its highest level in 1788, retreating from it to the downside within the technique of retesting the support around the price of 1755. Today’s technical vision on the 4-hour time frame indicates the price stability …

The movements of the Canadian dollar witnessed attempts to recover at the beginning of the first trading sessions of this week. However, it is still limited to facing a strong resistance level around 1.2880/1.2870. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average …