focal:1310.00Upward scenarioThe stability of the precious metal above the base level may push it to 1320.50 and with a breach of this level we might test the 1325.00 level. We may see strong resistance at this pointDownward scenarioWith a breach of the base level at 1310.00 may push the pair to test the resistance of […]
Focal point 1.3155Upward scenarioStability above the pivot level may push the pair to the resistance resistance at 1.3260 and with the break of this support the pair may move towards achieving the second target at 1.3380Downward scenarioBelow the pivot level may push the pair to the first resistance level at 1.3135 and with a break […]
focal: 109.55Upward scenarioThe pair is heading towards achieving the first target at 111.10 and with the stability and break this level may see further gains at 111.60 and with the breach of this point pushing the pair to achieve the third target at 112.15Downward scenarioTo return to the bearish scenario, the pair must break the […]
Focus point 1.1310 Upward scenario Stability above the pivot level may push the pair to the first resistance at 1.1325 and with the break of this support may move the pair to the second support level at 1.1345 Downward scenario Below the level of support, it is not possible to retest the first support at […]
Yesterday, the pair received support from the SMA 100 on the four hour frame to close at a high near the resistance level of 0.7145. A breach of this resistance might reinforce the possibility of a bullish move. The pair could then target 0.7215 as the first target and resistance 0.7290 as the second target. […]
The price dropped yesterday after facing the resistance 1.3435 (the first target of the ascending scenario), breaching this resistance might open the way for the pair to reach the second target at 1.3545 then the third target around the resistance 1.3655. A break of the last bottom of 1.3245 might be enough to end the […]
After testing the breached level at 0.9975, the pair resumed its bearish trend yesterday to resume trading near 0.9905 (the first target of the bearish scenario). The downside potential remains intact as long as the pair is trading below 1.0050 and the price could reach the second target at 0.9830. A breach of 1.0050 resistance […]
The price of gold approached its first target of the 1326 rise yesterday to retreat during morning trading in an attempt to gather some bullish momentum due to the saturation of the Stochastic and RSI over the 4 hour frame … The possible bullish scenario remains intact with the failed Support 1302, and the potential […]
The price has been fluctuating since opening this week around its first target of the downside scenario at 110.05 support … The downside potential remains intact as long as the trading remains below resistance 111.00, and the pair could reach the second target at 109.25 support and support 108.50 as the third target. A breach […]
The bullishness remains valid as long as the pair is above the bullish trend line shown on the 4 hour chart, but it is better to break the resistance 1.3340 (the first objective of the ascending scenario) to confirm this possibility, Resistance 1.3480 then 61.8% for the general downside wave around 1.3630 as a third […]
