Gold continues to exhibit sideways movement, with prices stabilizing above the support level at 2634 and below the pivotal resistance at 2658. From a technical perspective, the 4-hour chart reflects conflicting signals. The 50-day simple moving average exerts downward pressure, favoring a bearish trend, while the 14-day momentum indicator provides …
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US crude oil futures closed last week’s trading on a positive note, reaching a high of $71.47 per barrel. From a technical standpoint, the outlook remains optimistic, supported by the price’s ability to stabilize above the key support level of $70.60. Additionally, the RSI is showing attempts to gain further …
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Gold resumed its bullish momentum during the previous session, surpassing the official target of $2700 per ounce and recording its highest level at $2720. From a technical perspective, the current movement shows a slight bearish tendency due to encountering the pivotal resistance at $2720. However, a closer look at the …
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US crude oil futures have shown a strong upward momentum, crossing a key resistance level at 68.65, signaling a shift toward a potential bullish trend. Technical Analysis Overview:On the 240-minute chart, the technical setup is promising, with the 14-day momentum indicator attempting to generate positive signals. Furthermore, the 50-day simple …
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Gold prices showed strong upward momentum in the previous session, successfully building on the support level of 2567 and reversing the anticipated downward trend from the prior analysis. As highlighted earlier, surpassing 2604 was a significant catalyst, paving the way for a potential shift toward an upward trajectory, with prices …
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US crude oil futures experienced sharp declines at the start of the week, bottoming out at $66.84 per barrel. From a technical standpoint, the 4-hour chart reveals that oil prices have decisively broken below the support level of $68.65. The persistent downward pressure from the simple moving averages continues to …
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Gold prices fell at the end of last week’s trading, breaking below the support line of the ascending channel, as highlighted in the previous report. This break extended losses, with gold reaching a low of $2554 per ounce. From a technical analysis perspective, gold has attempted to stage a minor …
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US crude oil futures have reached the official target outlined in our previous technical report, hitting a low of $66.67 per barrel after touching the 67.00 mark. From a technical standpoint, the 4-hour chart indicates that oil attempted an upward rebound upon testing the psychological support at 67.00. Nevertheless, despite …
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Gold prices have continued their significant decline, reversing the upward correction scenario outlined in our previous technical report. This analysis had emphasized that maintaining stability above the support line of the ascending channel was crucial. The breach below the 2600 level, however, has led gold prices to resume their downward …
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US crude oil futures experienced mixed trading, attempting to pare losses after reaching a low of $67.78 per barrel. From a technical standpoint, oil prices remain under negative pressure, driven by continued movement below the simple moving averages. Additionally, the price is currently stabilizing below the key resistance level at …
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