Tag Archives: technical

The yellow metal is witnessing sideways narrow range movements, limited between support of 1855 and resistance of 1867. Technically, we find that gold prices are still stable below the main supply areas at 1868, 23.60% Fibonacci correction. However, we see the price trying to stabilize above the 50-day moving average …

As expected, the German DAX index jumped to announce strong gains, touching the official station required during the previous analysis, at 16,240, recording its highest level at 16,260. Technically, today, we are inclined to the positivity, relying on the stability of the index’s price above the support level of 16,160, …

The Canadian dollar managed to work within the bullish technical correction referred to during this week’s reports, touching the first target of the last report at 1.2570, recording the highest level at 1.2586. Technically, the pair is now hovering around a strong resistance level of 1.2590 represented by the 38.20% …

Gold prices managed to touch the extended target, as we mentioned yesterday. We relied on confirming the breach of the main resistance level 1867, explaining that ​​it enhances the gains to visit 1877, recording its highest level at 1877. Technically, Strong supply areas at the resistance represented by the target …

The German DAX index returned some noticeable gains, canceling the expected bearish scenario during the previous report, recording its highest level at 16,144. Technically, today we tend to be cautiously optimistic, relying on the price moving above the 50-day moving average, coinciding with the attempts of stochastic to obtain more …

The Canadian dollar has restored the strong support level mentioned in the last report at 1.2500 and still seeks to maintain the bullish corrective slope stable above 1.2480. Technically and carefully looking at the 4-hour chart, we notice the arrival of the stochastic indicator around the overbought areas, in addition …

Gold prices continued forming an ascending attack to retest the key resistance level at 1768 after retesting the 1755 support floor. Technically, we notice that gold continues to obtain a positive stimulus from the 50-day moving average, which continues to hold the price below, supporting the bullish price curve, accompanied …

The German DAX index failed to confirm breaching the resistance level published during the last report located at 16,110, which forced the index to trade negatively again. On the technical side, we tend to be negative, but with caution, relying on the price stability below 16,110, in addition to the …

The technical outlook is unchanged, and the movements of the Canadian dollar did not change, maintaining the positive stability within the bullish corrective path. Technically, and with the pair’s success in intraday stability above 1.2510, in addition to the stability of trading above the previously breached resistance level 1.2480 located …

We adhered to the intraday neutrality at the end of last week’s trading due to the conflicting technical signals and the high-risk levels coupled with the expected return. Technically, we find that gold prices achieved a pivot on the support floor of 1845, which forced the price to rebound bullishly …