Gold price Today XAUUSD, in the current American trading session, shows a downward trend. Gold is currently trading at $2038 per ounce. What is noteworthy is trading below most of the moving average crossings, as can be clearly seen in the chart. For reference, the MACD indicator shows a negative trend, which indicates the emergence of selling power.
Based on this analysis, we can consider a selling opportunity while waiting for the gold price to fall to the target area of $2034 per ounce, and the next target may reach the $2029 per ounce area. It is also preferable to set the $2042 per ounce area as a stop-loss point, in order to contribute to effective risk management.
Gold price Today XAUUSD: On the other hand
On the other hand, if the stop loss area at $2042 per ounce is broken, this could lead to a decline in the gold price towards the $2047 per ounce level.
Gold price Today XAUUSD: resistance and support levels
- Second resistance: 2059.98
- First resistance: 2052.81
- Pivot level: 2049.48
- First support: 2044.26
- Second support: 2041.18
USOil Technical Analysis: USOIL is trading in a general upward trend
USOil Technical Analysis, we find the price of oil trading at $72.75 per barrel. Based on current technical analysis, the current trend shows an upward trend in oil prices. The strength of this trend indicates a clear rise in the price of oil, as most of the moving average intersections were trading above. In addition, the MACD indicator provides strength signals to buy.
Based on this analysis, we will wait for oil to rise to the target level of $73.93 per barrel, while choosing $74.91 as a profit-taking target. It is necessary to set the stop loss point at the $72.27 area
USOil Technical Analysis the other hand
If the stop loss area at $72.27 per barrel is broken, the oil price could head towards the additional support level at $71.45 per barrel.
USOil Technical Analysis: resistance and support levels:
Second resistance: 74.50
First resistance: 74.00
Pivot level: 73.93
First support: 72.00
Second support: 71.90
Tesla Stock Technical Analysis: It is trading in a bearish trend today
Tesla Stock Technical Analysis, Tesla shares are trading today in the American session at $238.16 per share. According to technical analysis, the current trend indicates a downward trend in Tesla stock prices. Tesla’s stock price reflects bearish strength by exceeding most of the moving average intersections, and the MACD indicator shows negative signs, with strength to sell.
Accordingly, we expect Tesla’s share price to fall, so we can sell, waiting for the price to fall at the level of $232.73 per share, to enter the selling process, and we target the level of $224.74 per share as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at $246.38 per share.
Tesla Stock Technical Analysis on the other hand
If the stop loss area at $246.38 per share is broken, targeting the additional resistance level at $254.37 per share could be achieved.
Tesla Stock Technical Analysis: resistance and support levels:
- Second resistance: 250.50
- First resistance: 248.00
- Pivot level: 232.73
- First support: 230.00
- Second support: 226.50
Dow Jones US30 Technical Analysis: It is trading in a downward trend
Dow Jones US30 Technical Analysis Today, the Dow Jones Index is trading at the $37,491 area. According to technical analysis, the current trend is a downward trend in the American index prices. The price of the American index appears below most of the crossings of the moving averages, and the MACD indicator also shows negative signs
Accordingly, we expect the index to take a bearish trend, so we will sell from the level of 37337, and we will also target the level of $37081 as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at the $37,794 area.
Dow Jones US30 Technical Analysis on the other hand
In case the stop loss area at $37,794 is broken, targeting the additional resistance level at $38,027 could be achieved.
Dow Jones US30 Technical Analysis: resistance and support levels:
Second resistance: 37900.58
Initial resistance: 37800.82
Pivot level: 37337.50
First support: 37200.02
Second support: 37100.38
