Gold Technical Analysis, in the current American trading session, shows an upward trend. Gold is currently trading at $1998 per ounce. What is noteworthy is the presence of weakness in most of the moving average intersections, as can be clearly seen in the chart. For reference, the MACD indicator shows a negative trend, which indicates the emergence of weakness in selling power.
Based on this analysis, we can consider a buying opportunity while waiting for the gold price to rise to the target area of $2002 per ounce, and the next target may reach the $2008 area per ounce. It is also preferable to set the $1994 per ounce area as a stop loss point, in order to contribute to effective risk management.
Gold Technical Analysis XAUUSD: On the other hand
Gold Technical Analysis, On the other hand, if the stop loss area at $1994 per ounce is broken, this could lead to a decline in the gold price towards the $1989 per ounce level.
Gold Technical Analysis: resistance and support levels
- The Second Resistance: 2012.02
- First resistance: 2010.79
- Pivot level: 2009.37
- First support: 2008.14
- Second support: 2006.72
EURUSD Technical Analysis: The EUR/USD is trading in an upward trend
EURUSD Technical Analysis, the EUR/USD is trading in an upward trend during the American session. The euro is trading at $1.0744, and as the chart shows, it is trading above most of the moving average intersections. The MACD indicator also indicates the emergence of a negative trend indicating a weakness in selling power.
Accordingly, we can make a purchase while waiting for the EUR/USD price to rise at the level of $1.0760, and the target could be the $1.0790 area. It is also recommended to choose the $1.0725 area as a stop loss point to control risks.
EURUSD Technical Analysis: On the other hand
EURUSD Technical Analysis, On the other hand, if the stop loss area at $1.0725 is broken, the euro price may head towards the $1.0695 level.
EURUSD Technical Analysis: resistance and support
- Second resistance: 1.0738
- First resistance: 1.0735
- Pivot level: 1.0731
- First support: 1.0728
- Second support: 1.0724
GBPJPY Technical Analysis: Today it is trading in a bearish direction
GBPJPY Technical Analysis, the pound is trading in a bearish direction during the American session. The pound is trading at 188.33, and trading appears below most of the moving average intersections. The MACD indicator also indicates a negative trend indicating the presence of selling power.
Accordingly, we can look to buy, waiting for the price of the pound yen pair to rise at the 188.00 area, and the target could be the 187.44 area. It is also recommended to choose the 188.62 area as a stop-loss point to control risks.
GBPJPY Technical Analysis: on the other hand
On the other hand, if the stop loss area at 188.62 is broken, the pound price may head towards the 189.28 level.
GBPJPY Technical Analysis: resistance and support levels
- Second resistance: 188.49
- First resistance: 188.42
- Pivot level: 188.33
- First support: 188.26
- Second support: 188.17
Dow Jones US30 Technical Analysis: The American index is trading in an upward direction
Dow Jones US30 Technical Analysis, The Dow Jones Index is trading today at $38513. Based on current technical analysis, the current trend indicates an upward trend in the US index prices. The price of the American index appears above most of the intersections of the moving averages, the MACD indicator provides positive signals, and the presence of buying strength is noted.
Based on this analysis, we expect the uptrend in the Dow Jones to continue, so we will buy after the price rises to $38583, and our target profit target will be at $38690. To ensure effective risk control, it is recommended to set the stop loss point at $38454.
Dow Jones US30 Technical Analysis: On the other hand
Dow Jones US30 Technical Analysis, Dow Jones Analysis If the stop loss area at $38454 is broken, the Dow Jones could head towards additional support at $38345.
Dow Jones analysis: resistance and support levels:
- Second resistance: 38528.10
- Initial resistance: 38483.91
- Pivot level: 38395.67
- First support: 38351.48
- Second support: 38263.24
