The US Federal Reserve hands down its latest policy decision on Wednesday March 22, against a highly uncertain backdrop and fears over the financial system, following the collapse of SVB
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Peak and trough analysis on the monthly chart puts gold in a downtrend. The weekly chart is also at a key level when considering the triple moving average system. Moreover, it has an extremely strong inverse correlation with the USDOLLAR on the daily timeframe. Given this, the NFP print tomorrow is likely to impact on gold as the USDOLLAR reacts to the release....
Prices are facing bullish pressure from ascending trendline support, horizontal swing low support, 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 78.6% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence zone. Prices might push down further and take support from horizontal swing low support, in line with...
Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low...
Prices are facing bearish pressure from horizontal swing high resistance, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support which coincides with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices push up further, prices might face...
Prices are facing bearish pressure from our resistance where we could see a reversal below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well.
Prices are facing bearish pressure from our short-term descending trendline resistance, horizontal swing high resistance as well as 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support and our 2nd target can be the Fibonacci confluence area of 78.6% Fibonacci extension as well as -27.2% Fibonacci...
Prices are facing bullish pressure from breaking out of the triangle squeeze and is looking to take support from retest of trendline together with horizontal pullback support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 161.8% Fibonacci retracement as well as...
Prices are approaching our support in line with our ascending trend line where we could see a bounce above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Prices are facing bearish pressure from 61.8% Fibonacci retracement level. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci extension as well as 127.2% Fibonacci retracement. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci retracement and 61.8%...
USDCHF is facing bearish pressure from 100% Fibonacci extension and 127.2% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 38.2% Fibonacci retracement and 50% Fibonacci extension. If prices push up towards, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement as...
