Gold prices sustained a robust upward trend as anticipated in the previous report, reaching the target of $2720 and recording a peak at $2726 per ounce. Technical Analysis A detailed examination of the 4-hour chart reveals: Positive Signals: The simple moving averages continue to bolster the upward trajectory. The 14-day …
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US crude oil futures prices reacted to the anticipated downward trend highlighted in the previous analysis. The scenario relied on trading stability below the key resistance level of 68.60. As expected, an upward move and stability above 68.60 negated the bearish outlook, resulting in a price increase to $69.08 per …
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Gold prices continued their upward trend, as anticipated in the previous technical report, reaching the required target at $2700 per ounce and recording a peak of $2704. From a technical standpoint today, the 4-hour chart reveals the stability of intraday trading above the breached resistance level, now acting as support …
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US crude oil futures attempted to move higher in the previous session, challenging the pivotal resistance level of 68.60 and reaching a peak of $68.85 per barrel. Technically, analysis of the 240-minute chart suggests that negativity prevails due to sustained downward pressure from the simple moving averages. Additionally, the price …
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Gold prices showed a neutral stance in the previous analysis due to conflicting technical signals, with an emphasis that a clear breach of the pivotal resistance at 2655 would serve as a catalyst for a bullish trend, targeting 2665 and 2671, eventually recording a peak at $2676 per ounce. Today, …
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US crude oil futures prices continue their bearish trajectory, aligning with the previous negative outlook. The price reached the official target at 67.00, recording a low of $67.05 per barrel. Technical Analysis: 240-Minute Chart Observations: The simple moving averages maintain downward pressure. The 14-day momentum indicator shows strong negative signals, …
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Gold prices continue to trade within a sideways range, remaining constrained between 2620 as support and 2655 as the main resistance level. Technical Analysis: 4-Hour Chart Insights: The simple moving average is attempting to provide a positive push to prices. Meanwhile, the Stochastic indicator shows persistent negative signals, reflecting conflicting …
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US crude oil futures demonstrated the anticipated upward trend outlined in the previous technical report, supported by trading stability above the key level of 68.90. Technical Analysis: Bearish Indicators: The simple moving averages apply continued downward pressure. The 14-day momentum indicator reflects clear negative signals, favoring a bearish outlook. Scenario …
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Gold continues to exhibit a sideways trend, trading within a narrow range confined between the support level at 2635 and resistance level at 2657 for several consecutive sessions. Technical Analysis: Positive Signals: The 50-day simple moving average provides upward pressure, hinting at the possibility of a bullish breakout. Negative Signals: …
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US crude oil futures displayed bullish attempts in the previous session, reaching a high of $70.20 per barrel. From a technical perspective, the outlook remains positive, supported by the bullish crossover of simple moving averages that align with the daily upward trajectory. Furthermore, the price stability above the key support …
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