Gold prices started today’s trading session with noticeable positivity after finding strong support near 2388, prompting an upward bounce. Currently, the price is stable around 2416. From a technical analysis standpoint, the 240-minute chart indicates that the price has stabilized above the 2410 resistance level, aligned with the 38.20% Fibonacci …
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US crude oil futures prices experienced a significant decline in the previous trading session, reaching a low of $77.60 per barrel. Technical Outlook: The technical outlook has shifted to a bearish bias. The simple moving averages (SMAs) are now supporting the current downward wave, and the Relative Strength Index (RSI) …
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Gold prices have experienced a downward trend, retreating from the recent historical peak of $2483. The technical outlook suggests a continuation of this corrective movement. Technical Outlook: On the 4-hour chart, the simple moving averages (SMAs) have formed a negative crossover, indicating increased selling pressure. Moreover, the price remains below …
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WTI crude oil futures prices rebounded yesterday, finding support at the 80.50 level and closing above the 81.80 resistance level, indicating a potential resumption of the bullish trend. Technical Outlook: Today’s technical analysis suggests a positive outlook for WTI crude oil. The price is holding above 81.80, with the 14-day …
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Gold prices reached new historical highs in the previous trading session, surpassing our target of 2450 and reaching a peak of $2483 per ounce, validating our bullish outlook. Technical Outlook: The technical outlook remains strongly bullish. The price has successfully consolidated above the previously breached resistance level of 2450, which …
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US crude oil futures prices declined after encountering resistance at the 84.00 psychological level, indicating a potential shift in momentum. Technical Outlook: The current technical outlook is bearish. The price is now trading below the 82.00 support level on the 4-hour chart. The simple moving averages (SMAs) have formed a …
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Gold prices maintain their upward momentum, successfully consolidating above the key psychological level of 2400 and reaching a high of $2439 per ounce, surpassing our previous target of 2434. Technical Outlook: The technical outlook remains strongly bullish. The price is holding above the 2400 support level, and the simple moving …
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US crude oil futures prices rebounded after a brief downward correction, successfully breaking above the 82.00 psychological resistance level and reaching a high of $83.14 per barrel. Technical Outlook: The technical outlook remains bullish, with the 4-hour chart showing a bullish technical structure and the price holding above the 81.80 …
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Gold prices have surged significantly, exceeding our previous target of 2400 and reaching a high of $2424 per ounce, confirming the bullish trend we anticipated in our last report. Technical Outlook: Gold prices have successfully consolidated above the psychologically significant 2400 level, with the simple moving averages (SMAs) continuing to …
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As anticipated, US crude oil futures experienced a significant decline, reaching our initial bearish target of 81.60 and currently trading around $81.15 per barrel. The technical outlook suggests the potential for further downside movement. Key Technical Signals: Psychological Support Breakdown: A break below the psychological support level of 82.00 would …
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