Gold prices continue to trade within a tight range, bounded by the 2318 support level and the 2340 resistance level. Technical Outlook: The technical outlook remains bearish, as the price continues to trade below the crucial 2340 resistance level (23.60% Fibonacci retracement) on the 240-minute chart. The 50-day simple moving …
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US crude oil futures prices experienced a pullback after several days of gains, failing to hold above the 81.50 resistance level and retesting the 80.60 support level. Technical Outlook: Despite the recent decline, the technical outlook remains cautiously bullish. The price is currently attempting to rebound and retest the 81.50 …
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Gold prices remain under bearish pressure, continuing the downward trajectory as anticipated in our previous technical report. The price has reached a low of $2310 per ounce, confirming the ongoing downtrend below the pivotal resistance level of 2340. Technical Outlook: The technical outlook remains unchanged, with the price consistently trading …
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US crude oil futures prices continue their impressive rally, reaching a 7-week high of $81.86 per barrel, surpassing our previously identified target of 81.60. Technical Outlook: The technical outlook remains strongly bullish. The price has established a solid support base around 79.60 and is holding above the psychologically important 80.00 …
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Gold prices have been trading within a narrow range, bounded by the 2317 support and 2340 resistance levels during the start of the week. Technical Outlook: Our technical analysis suggests a potential continuation of the downward trend. This bearish outlook is supported by the price remaining below the crucial 2340 …
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WTI crude oil futures prices exhibited strong bullish momentum yesterday, successfully reaching our initial target of 81.50 and achieving a peak of $81.50 per barrel. Technical Outlook: The technical outlook remains bullish, with the 240-minute chart showing that simple moving averages (SMAs) are providing continuous support for the ongoing upward …
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Gold prices reversed their previous downward trend and rallied during yesterday’s trading session, surpassing the key resistance level of 2340 and reaching a high of $2365 per ounce. This price action indicates a potential shift in sentiment towards a bullish outlook. Technical Outlook: The technical analysis now suggests a continuation …
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The USD/CAD pair has successfully held above the crucial 1.3690 support level, indicating a potential shift towards a bullish bias. Technical Outlook On the 4-hour chart, the Stochastic oscillator is showing positive crossover signals, suggesting a potential increase in upward momentum. Additionally, the Relative Strength Index (RSI) is attempting to …
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WTI crude oil futures prices continue their upward trajectory, approaching our previously identified target of 81.30 and reaching a high of $81.13 per barrel. Technical Outlook: While the intraday movement shows some consolidation below 81.00, the overall trend remains bullish. The Stochastic indicator on the 4-hour chart is hinting at …
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Gold prices opened on a positive note today, retesting the pivotal resistance level of 2340. However, the technical outlook remains predominantly bearish. Technical Analysis On the 240-minute chart, while the simple moving averages are now providing support from below, suggesting a potential upward trend, the price remains below the crucial …
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