Gold Technical Analysis today, in the current American trading session, shows an upward trend. Gold is currently trading at $2026.04 per ounce. Trading above most moving average crossovers, as can be clearly seen in the chart. For reference, the MACD indicator shows a positive upward trend.
Based on this analysis, we can consider a buying opportunity while waiting for the gold price to rise to the target area of $2034.97 per ounce, and the next target may reach the area of $2041.88 per ounce. It is also preferable to set the $2017.52 per ounce area as a stop loss point, in order to contribute to effective risk management.
Gold Technical Analysis: On the other hand
On the other hand, if the stop loss area at $2017.52 per ounce is broken, it could lead to a drop in the gold price towards the $2010.61 per ounce level.
Gold Technical Analysis: resistance and support levels
Second resistance: 2030.40
First resistance: 2028.75
Pivot level: 2026.60
First support: 2024.95
Second support: 2022.80
USOIL Technical Analysis: It is trading in a general upward trend
USOIL Technical Analysis Today, we find the price of oil trading at $73.99 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 $74.64 per barrel, while choosing $75.65 as a profit-taking target. It is necessary to set a stop loss point at the $73.45 area
USOIL Technical Analysis: on the other hand
If the stop loss area at $73.45 per barrel is broken, the oil price could head towards the additional level at $72.74 per barrel.
USOIL Technical Analysis: resistance and support levels
• Second resistance: 74.59
• First resistance: 74.42
• Pivot level: 74.14
• First support: 73.97
• Second support: 73.69
NZDUSD Technical Analysis: is trading in a downward trend
NZDUSD Technical Analysis today in a bearish trend during the American session. The New Zealand dollar is trading at 0.6085, and trading appears below most of the moving average intersections. The MACD indicator also indicates strength in the downward trend
Accordingly, we can consider selling, waiting for the price of the New Zealand Dollar pair to break at the level of 0.6063, and the target could be the 0.6033 area. It is also recommended to choose the 0.6134 area as a stop loss point to control risk.
NZDUSD Technical Analysis: On the other side
On the other hand, if the stop loss area at 0.6134 is breached, the New Zealand Dollar price may head towards the 0.6161 level.
NZDUSD Technical Analysis: resistance and support levels
• Second resistance: 0.6098
• First resistance: 0.6094
• Pivot level: 0.6090
• First support: 0.6086
• Second support: 0.6082
USDCAD Technical Analysis: is trading in a general upward trend
USDCAD Technical Analysis as the Canadian dollar trades at 1.3478 during the American session, and the close appears above most of the moving average intersections. The MACD indicator also indicates a positive trend indicating the presence of strength in buying.
Accordingly, we can look to buy, waiting for the price to rise at the level of 1.3505, and the target could be the 1.3545 area. It is also recommended to choose the 1.3445 area as a stop loss point to control risks.
USDCAD Technical Analysis: On the other hand
If the stop loss area at 1.3445 is broken, the price of the Canadian dollar may head towards the 1.3411 level.
USDCAD Technical Analysis: resistance and support levels
• Second resistance: 1.3488
• First resistance: 1.3482
• Pivot level: 1.3477
• First support: 1.3471
• Second support: 1.3466
