The technical outlook is unchanged for the second session in a row, with the continuation of the sideways range between 1889 and 1904. Today’s technical vision indicates the possibility that we will witness an attempt to establish support around 1885 that may lead gold prices to achieve some temporary rise, …
Read More »CAD is trying to maintain the bullish bias 22/8/2023
The technical outlook remains unchanged as the pair continues to gradually maintain its bullish path, maintaining its positive stability above the support level of 1.3500. Technically, the 50-day simple moving average still holds the price from below, in addition to the positive signs coming from the RSI, which is stable …
Read More »Oil hits resistance 22/8/2023
Futures prices failed to achieve the bullish scenario after colliding with the pivotal resistance level published during the previous technical report at 82.30, explaining that breaching it is a condition for continuing the rise. Technically, 82.30 formed a strong resistance that forced the price to decline to retest the support …
Read More »Gold trying to establish support 22/8/2023
The technical outlook is unchanged, and there was no significant change in gold prices in an attempt to rise. However, it is still limited, recording its highest level of 1898, after recording its lowest price around the support of 1885. Today’s technical vision indicates the possibility that we will witness …
Read More »CAD maintains positive stability 21/8/2023
The technical outlook remains unchanged as the pair continues to gradually maintain its bullish path, maintaining its positive stability above the support level of 1.3500. From the point of view of technical analysis today, the 50-day simple moving average is still holding the price from below, in addition to the …
Read More »Oil breaks through resistance 21/8/2023
US crude oil futures prices recovered by the end of last week’s trading after a session of successive declines, and the support level of 79.60 succeeded in limiting the bullish tendency to reverse the bearish trend temporarily. As a reminder, we indicated during the latest technical report that the price’s …
Read More »Gold: the continuation of the decline is a valid scenario 21/8/2023
Gold prices continued the expected downward path, reaching the first main station of the current downward wave, at the expected target of 1885, recording its lowest level during the early trading of today’s session, $1885 per ounce. Today’s technical vision indicates the possibility of witnessing an attempt to establish support …
Read More »CAD testing support 18/8/2023
Limited negative trades dominated the movements of the Canadian dollar during the previous trading session to find the support level of the psychological barrier that managed to limit the bearish tendency so that the pair maintained the positive path. From the point of view of technical analysis today, the 50-day …
Read More »Oil may resume the bearish correction 18/8/2023
The price of US crude oil futures witnessed an upward trend yesterday after several successive sessions of decline, benefiting from the support of the psychological barrier at 79.00 to provide some bullish bounce to retest the $81.00 level. Technically, looking closely at the 4-hour chart, we find the price stable …
Read More »Gold is gradually approaching the official target 18/8/2023
Gold prices reached the official target station during the previous technical report at 1885, recording its lowest level at $1885 per ounce. On the technical side, prices tried to take advantage of the support represented by the 1885 target to achieve some bullish rebound. However, it is still limited, and …
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