Gold fell yesterday and during today’s Asian session breaching the ascending trend line as shown on the daily chart, ending the ascending scenario which achieved its second target at 1345 resistance … Despite breaching the mentioned trend line, the general trend structure remains bullish as long as the trades remain higher Support 1300 – 1302 […]
The pair rose yesterday and during morning trading for the day, achieving its second target of the rally at 111.70, which is near the upper limit of the rising channel channel shown on the graph for four hours … The current upward trend could continue to the level of the third target at resistance 112.50, […]
The pair is approaching the 1.3235 – 1.3210 support area as we see on the 4 hour chart … The RSI is still within the bullish momentum zone and Stochastic is moving within the oversold area as it may be indicating that the price has gathered enough momentum to resume its bullish trend. The possible […]
The pair has achieved its first target at 1.1405 to return quickly to trade around the support area 1.1365 – 1.1350 … the recent trend structure is still rising … Stochastic has entered the oversold area and the RSI is still within the bullish momentum on line 50 … The possible bullish scenario remains intact […]
The pair is moving in a sideways direction between resistance 0.7190 and support 0.7075 … It is preferable to remain neutral until one of these levels is breached to confirm its direction. A breach of 0.7190 – 0.7200 could push the pair to target resistance at 0.7290 as the first target, then resistance 0.7385 as […]
The downside scenario remains valid as long as the pair remains below the resistance at 1.3235 to keep the target at 1.3070 as the first target, which could push the pair further towards 1.2915 as the second target and then 1.2780 as the third target. A break of 1.3235 might be enough to end the […]
The pair was unable to hold steady below 0.9980 during yesterday’s trading to resume trading above … The negative cross of the 50 and 100 simple moving averages may be a sign that the downside may continue, but it is better to wait for a clear breach of 0.9980 to confirm this possibility. This is […]
Gold has started a downward correction since it achieved its second target of the 1345 uptrend scenario … The price is currently floating in the bullish trend line shown on the 4 hour chart … Momentum indicators on both the 4-hour time frame and the day indicate a sell saturation, Has gathered enough momentum to […]
The pair has been moving in a sideways trend since achieving its first target of the 110.90 mid-month rally … The possible bullish scenario remains intact as long as the pair remains within the channel shown on the four-hour chart and may be heading to its second target at 111.70 then 112.50 as a third […]
Break the resistance 1.3210 (25/01/2019 high) push the pair strongly to face the resistance 1.3340 during yesterday’s trading, which is currently rebounding after losing momentum due to the saturation condition indicated by Stochastic and RSI … The pair may retreat in an attempt to test Support 1.3210 and gather enough bullish momentum to face the […]
