Following the neckline of the upside-down head and shoulders pattern shown on the chart, the pair rose yesterday to settle above the 50 and 100 SMA, which supports the possibility of further gains towards 1.3435 (the former target), 1.3545 as the second target and resistance at 1.3655. As a third target. A break of the […]
Yesterday, the pair saw some positive momentum in an attempt to gather some bearish momentum due to the saturation of the momentum indicators … The price is moving near its first target at 0.9910, and in the coming sessions it could move towards its second target around 0.9830 support. A breach of 1.0050 resistance might […]
The possible bullish scenario remains intact as long as the pair remains above the 1298 support to be the next targets around the resistance 1326 as the first target and then the February summit around 1345 as the second target. A break of the recent 4-hour closing below 1298 might be enough to derail the […]
The possible bearish scenario remains intact as long as the trading remains below resistance 111.70 and the pair may be testing the support at 110.05 as the first target and then the 109.25 support as the second target and it could extend to support 108.50 as the third target. A breach of 111.70 resistance might […]
The pair has received support from the bullish trend line shown on the chart during yesterday’s trading to witness some positive movements during today’s trading. The breach of resistance 1.3340 (the first objective of the ascending scenario) may push the pair higher towards the second target at 1.3480 and then 61.8% of the general bearish […]
The pair started its morning trading session on the upside after making a bearish correction yesterday to test the breached downward trend line as shown on the chart … RSI is still within the bullish momentum and Stochastic is pointing to a positive cross within the oversold area. The price has gathered enough momentum, and […]
Yesterday, the pair has breached the descending trend line, which represents the upper limit of the bearish wedge pattern shown on the 4 hour chart, which may be enough to end the downside scenario and activate a bullish scenario with targets around 0.7215 as the first target and resistance at 0.7290 as the second target. […]
The pair is still fluctuating around the neckline of the upside-down head and shoulders pattern shown on the chart … and the upside remains as long as the pair remains above 1.3215 and the pair could return to 1.3435 (first target) and 1.3545 as second and then 1.3655 as the third target. A break of […]
The breach of the ascending trend line shown on the chart, as well as the 0.9975 level, was enough to reverse the bearish scenario that was mentioned yesterday, and the price subsequently retreated strongly to achieve its first target at 0.9910 support which is currently moving around it … The sell saturation indicated by Stochastic […]
The price of gold rose yesterday breaking the resistance 1310, which strengthens the probability of continuation of the upward trend to be the next targets around the resistance 1326 as the first target and then the February summit around 1345 as a second target … The price may need to retest the 1310 – 1311 […]
