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 […]
Stability above 1.1350 was enough to activate the bullish scenario and push the pair to reach its first target at 1.1405 … and the price fell during yesterday’s trading in an attempt to gain the bullish momentum due to the saturation of the price shown on the indicators Stochastic and RSI. The possible bullish scenario […]
Trades are still limited in a sideways direction between support 0.7075 and resistance 0.7170 – 0.7175 … It is better to remain neutral until the price is out of this area to confirm its direction … A breach of 0.7075 could push the price to target support at 0.7020 as the first target and then […]
The pair resumed its bearish trend last Friday to close below Wednesday’s low of 1.3150, reinforcing the potential downside scenario of 1.3070 support as the first target, which could push the pair further down towards 1.2915 as a second target and then 1.2780 as a third target. A break of the last 4-hour closing above […]
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 […]
