Gold Technical Analysis: The price of gold is trading today at $2032 per ounce. Trading appears in an upward trend with anticipation of the release of US data, the consumer index in Michigan and home sales. The price of gold is trading above the intersections of the Moving Average indicators. As for the MACD indicator, it indicates the emergence of a strong positive trend.
Accordingly, we can look to buy from the rise to the price of $2038 per ounce and target the $2043 per ounce area to take profits, while setting the $2024 per ounce area as a stop loss.
Gold Technical Analysis: On the other hand
On the other hand, if the stop loss area of $2024 per ounce is broken, the price may head to the $2020 per ounce area.
Gold Technical Analysis: Resistance and Support Levels
• Second resistance: 2041.10
• First resistance: 2036.23
• Pivot level: 2033.25
• First support: 2026.80
• Second subsidy: 2020.80
USOIL Technical Analysis: USOIL bullish trading
USOIL Technical Analysis, in the global oil market, the price is trading at the area of $74.09 per barrel. According to technical analysis, the current trend indicates an upward trend with prices trading above the intersections of the moving average, and the MACD indicator shows positive signs, albeit weak ones.
Accordingly, we can buy from the rise to the price of 74.54, and we will target $75.11 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at $73.30 per barrel.
USOIL Technical Analysis: On the other side
If the stop loss area at 73.30 per barrel is broken, targeting the additional support level at $72.87 per barrel could be achieved.
USOIL Technical Analysis: resistance and support levels
• Second resistance: 74.39
• First resistance: 74.28
• Pivot level: 74.16
• First support: 73.95
• Second support: 73.83
EURUSD Technical Analysis: weak decline
EURUSD Technical Analysis: The Euro/Dollar is in a weak downward trend today during the American session amid anticipation of the release of important American data, the Prelim UoM Consumer Sentiment and home sales. The Euro/Dollar is trading at $1.0885, where prices appear to trade below most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak negative trend and, accordingly, we can look to sell from a drop to the price of $1.0870, and the target could be the $1.0851 area. It is also recommended to choose the $1.0910 area as a stop loss point to control risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the stop loss area at $1.0910 is broken, the euro price may head towards the $1.0924 level.
EURUSD Technical Analysis: resistance and support levels
• Second resistance: 1.0908
• First resistance: 1.0899
• Pivot level: 1.0890
• First support: 1.0875
• Second support: 1.0863
GBPUSD Technical Analysis: weak rise
GBPUSD Technical Analysis today is in a weak upward trend during the American session, with anticipation of the emergence of important American indicators, consumer prices in the state of Michigan and home sales. The pound is trading at $1.2784, and trading appears below most of the moving average intersections. The MACD indicator also indicates the emergence of an upward trend amid a decline in buying power. Accordingly, we can look to sell from a drop to a price of $1.2660, and the targeted target could be the $1.2642 area. It is also recommended to choose the $1.2696 area as a stop loss point to control risk.
GBPUSD Technical Analysis: on the other side
On the other hand, if the stop loss area at $1.2696 is broken, the pound price may head towards the $1.2710 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2699
• First resistance: 1.2689
• Pivot level: 1.2683
• First support: 1.2668
• Second support: 1.2659
