Although the negativity was evident on the pair, especially after it remained below the SMA 100 on the four hour frame, it is better to wait for four hours closing below 0.9980 to confirm the continuation of the downside towards support 0.9910 as the first target and 0.9840 as the second target. A return to […]
Gold ended higher on Friday after consolidating the support area 1325-1330 (31/01/2019) to keep the possible bullish scenario as long as the pair remains above the ascending trend line shown on the daily chart and may return to the 1345 level The second achieved on 20/02/2019), which breached it may push the price to the […]
The pair is still trading weakly around its first target at 110.90 … The possible bullish scenario remains intact as long as trades remain above 109.75, and could target the second target at 111.70 and then the 112.50 as the third target … Momentum indicators on each of the four hour time frames, Probability. A […]
The pair tested the support level at 1.2960 last Friday and quickly returned to trade near its first target at 1.3090 resistance … Stochastic indicates a saturation on both the four-hour and daily time frames, which may put pressure on the price again … but the possibility of a rise remains As long as the […]
The pair is trading around the 1.1350 level … It is preferable to remain neutral until the breach above the mentioned level and stability above to confirm the possibility of rising towards resistance 1.1405 as the first target and then 1.1460 as the second target at least. A decline and a return to trade below […]
The pair is rising during the morning session of the day back from the support level 0.7075 … It is better to remain neutral until the exit of the price from the area specified on the chart to confirm its direction … A breach of 0.7075 could push the price to target support at 0.7020 […]
The downside scenario remains valid as long as the trades remain below the resistance 1.3325 … Stochastic is pointing to a negative cross within the oversold area which may be a sign that the price has gathered enough momentum to resume its support towards 1.3070 as the first target, Towards 1.2915 as a second target […]
The pair’s movements are limited within the range between the SMA 100 and the 0.9980 support … it is preferable to remain neutral until the price is way out from the area specified on the chart to confirm its direction … Going back to the highest 1.0060 might be sufficient to confirm the possibility of […]
Trading in gold has declined over the past two days because of the saturation of the stochastic and RSI indicators on the daily basis … The price is moving favorably during today’s trading after receiving support from 1325-1330 … The possible bullish scenario remains valid as long as the trades remain above the ascending trend […]
The pair is still trading weakly around its first target at 110.90 … The possible bullish scenario remains intact as long as trades remain above 109.75, and could target the second target at 111.70 and then the 112.50 as the third target … Momentum indicators on each of the four hour time frames, Probability. A […]
