The pair was unable to breach the resistance 1.3325 to retreat towards 1.3195 support … it is preferable to stay neutral until the price is out of the area specified on the chart … Going back to the upside and breaching 1.3325 might be enough to activate the upside down head and shoulders model shown […]
The pair declined during morning trading, breaching the bullish trend line shown on the 4 hour chart, but is still supported by the SMA 50 in conjunction with Stochastic entering the oversold area. The potential bullish scenario that has achieved its first target at 1.0060 remains intact as long as the pair remains above 0.9980 […]
With the support of the rising trend line supported by the support area 1309-1298 rose the price of gold during trading on Friday and today touching its first target at the resistance 1326 … Stochastic and rsi momentum indicators indicate a bullish momentum may push the price to try to break through the resistance mentioned […]
Weak trading around the uptrend line shown on the 4 hour chart and the highest support area 110.10 – 109.90 … The pair is currently supported by the SMA 50 … The possible bullish scenario remains intact as long as trades remain above 109.75 and the pair could resume its first target at 110.90 then […]
The pair was unable to hold below 50.0% Fibonacci at 1.2820 (the second target of the bearish scenario), rising strongly during last Friday’s trading, breaking the upper limit of the bearish channel shown on the 4 hour chart … Although the downside potential is now weak, As long as the trading remains below the resistance […]
After he approached his third goal at the November bottom of 2018 around the 1.1220 pair rebounded during trading on Friday due to move near the lower limit of price channel breached shown on the chart for four hours … it faces price currently SMA 50 with the entry of Stochastic within the overbought area. […]
The pair has seen a rise during yesterday and today to move within the resistance zone 0.7120 – 0.7145 with Stochastic entering the overbought areas as seen on the 4 hour chart. The downside scenario remains valid as long as the pair remains below 0.7170, and the pair could resume its first target at 0.7075, […]
The pair witnessed a significant decline during today’s trading and morning trade, breaking the support area 1.3230 – 1.3210 The price is currently supported by the SMA 50 on the 4 hour frame with Stochastic is entering the oversold area …A return to the top of 1.3230 supports the possibility of a bullish move, and […]
The pair is retreating after surpassing its first target at 1.0060 in an attempt to gain enough bullish momentum due to the bullish signals appearing on the momentum indicators … The possible bullish scenario remains intact as long as the pair remains above the bullish trend line shown on the 4 hour chart to remain […]
The price of gold is clearly supported from the 1309-1298 area supported by a rising trend line as seen on the daily chart … The RSI is still within the bullish momentum and Stochastic points to a positive cross … The upside potential remains valid as long as the trades remain above the mentioned trend […]
