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Resistence

Gold Continues Steadily Around $2,300The price of gold dropped to $2,227 following the release of the report on non-farm payrolls and unemployment rate. However, afterwards, gold continued to trade steadily and ended the session around $2,300. While the price remains in a downward trend, there is potential for short-term recovery as it approaches the trendline. Nevertheless, if the price continues its downward trajectory, dipping to $2,300, there is a significant risk that the downward trend may persist strongly in the near future
OANDA:XAUUSD
by Stephen_Anders
1
Gold Stabilizes Below 2,300 USD Amid Market FluctuationsGold traded below the $2,300 mark during Friday's U.S. trading session following the release of the Nonfarm Payrolls and Unemployment Rate report. However, gold still maintained stability and closed the session around the $2,300 level. On the daily chart, gold continues to show an upward trend, despite dipping to $2,227. Technical indicators are still supportive of this trend continuation. The Relative Strength Index (RSI) remains above the 50 midpoint. Nonetheless, the risk of price decline persists if XAU/USD drops below $2,300.
OANDA:XAUUSD
by Lily_Anna
DOT/USDT 4HIntervalHello everyone, let's look at the 4H DOT to USDT chart, as you can see the price is moving in a sideways trend channel where it is holding at the upper part of the range. Let's start by setting goals for the near future that we can include: T1 = $7.51 T2 = $7.92 T3 = $8.40 AND T4 = $9.08 Now let's move on to the stop loss in case of further market declines: SL1 = $6.82 SL2 = $6.45 SL3 = $6.19 AND SL4 = $5.85 The RSI indicator shows how we have bounced off the trend line, while the STOCH indicator remains at the upper limit, which may also indicate an attempt at price recovery.
by cryptodailyuk
XAUUSD: Gold Maintains Stability Around 2,300 USDGold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative Strength Index (RSI) still remains below 50, indicating that the optimism is not yet fully stable. However, there are signs of recovery, with the RSI expected to rise to the Fibonacci 0.5-0.618 range. This presents an opportunity for further price increases, likely to attract the attention of investors.
OANDA:XAUUSD
by Stephen_Anders
10
Analyzing Recent Volatility for USD/JPYUSD/JPY has experienced a period of volatility recently. The recent depreciation of the greenback could provide an opportunity for buyers using the US dollar to step in and prepare for a potentially more profitable journey. Meanwhile, weaker-than-expected non-farm payroll prints from the United States have pushed USD/JPY below 152.00 and witnessed a large influx of buyers using the US dollar to buy at these levels as prices decline. Based on technical analysis, when looking at the chart, it can be observed that the price is still maintaining a downward trend. Clear technical indicators show support for this trend. However, there are still clear signs of correction, and it is expected that prices will recover and rise again, especially towards the SMA 100 area.
by Daisy_Anna
Technical Outlook: Gold Waits Ahead of US NFP DataGold prices did not skyrocket, holding steady around $2,300 amid trading pre US Non-Farm Payrolls (NFP) report. From a technical standpoint, on the daily chart, gold prices are still trading below the Simple Moving Average (SMA) 20 with no significant changes. Furthermore, longer-term moving averages maintain an upward slope but at a slower pace compared to current prices, creating an unclear picture of the market direction. Lastly, technical indicators also fail to provide positive signals, remaining in negative territory with uneven strength, tilting the risk towards further price declines.
OANDA:XAUUSD
by Stephen_Anders
EUR/USD Holds Firm Above 1.0700 Ahead of US Jobs ReportEUR/USD gained traction in the second half of the day on Thursday, maintaining its consolidation phase above 1.0700 into Friday as investors geared up for the highly impactful data release of the week, the April US employment report. Positive shifts in risk sentiment were observed, which exerted downward pressure on the US Dollar during Thursday's US trading session and aided EUR/USD in reversing course to the upside following declines seen during the European trading session. From a technical standpoint, the Relative Strength Index (RSI) on the 4-hour chart continues to hold above 50, and EUR/USD remains steadfast above the Simple Moving Averages (SMA) of 100, 50, and 20. This indicates that the upward trend remains intact and is likely to persist in the near term.
by Stephen_Anders
2
Technical Analysis: Bearish Gold Prices OutlookGold (XAU/USD) is trading with a slight negative trend in the first half of the European trading session on Friday. Traders are currently displaying reluctance and caution ahead of the detailed announcement of monthly employment figures in the United States. The Non-Farm Payrolls (NFP) report is widely known and could significantly impact future policy decisions by the Federal Reserve, thereby determining the next direction for gold prices. From a technical perspective, technical indicators are held at negative levels with uneven strength, creating a tendency towards price declines. On the 4-hour chart, gold is currently trading below the Simple Moving Averages (SMA) 20, 50, and 100, all of which are negative signals for the price trend of this precious metal.
OANDA:XAUUSD
by Lily_Anna
3
EUR/USD: Maintaining Upward Trend Channel !Overal, the EUR/USD pair continues to maintain an upward channel, sustaining stability around the 1.0730 level in the Friday's Asian trading session. This stability is attributed to investors awaiting the April employment report from the United States, which will include non-farm payroll data and the unemployment rate. Looking at the chart, it shows that technical indicators are supporting the upward trend. The Relative Strength Index (RSI) is trading near the 60 level, indicating the strength of the upward trend.
by Daisy_Anna
Gold Price Update: Gold Continues to Show Signs of Recovery!The price of gold fluctuated around $2,300 in Friday's Asian trading session amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. The 4-hour chart indicates that this currency pair is currently evolving below the SMA 20 level, despite a modest rise to the SMA 50 level yesterday. Technical indicators have also rebounded from their initial lows but remain below the moving average line, gradually losing upward momentum.
OANDA:XAUUSD
by Daisy_Anna
BTC/USDT 4HInterval CHART ReviewHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price rebounded from the lower border of the downtrend channel. Let's start by determining the support line and as you can see, the first support in the near future is $57,035, which kept the price from a major correction, if the support is broken, the next support is $54,139. Now let's move on to the resistance line, as you can see the first resistance is $59,506 which we are currently fighting, if you manage to break it, the next resistance will be at $61,380, the third at $62,658 and the fourth at $64,334. Looking at the RSI indicator, there is a rebound, but there is still room for the price to go higher, while the STOCH indicator is also near the middle of the range, which potentially gives room for the price to go up even further.
by cryptodailyuk
BTC is dragging down, what's next for ETHHello everyone, let's look at the 4H ETH to USDT chart as we can see that the price is moving in a downtrend channel where we could see a bottom breakout from the local uptrend channel. And here the decline itself after leaving the rising channel, reached the 0.318FIB level at the price of $3020, which has just been broken, then there is strong support around $2805, then $2657, and then right at the lower border of the downtrend channel the support level of $2475 . Looking the other way, when the price starts to change the direction of movement, resistance is visible at the level of $3160, then the levels of $3270, $3356, $3468 are important, which is already above the upper limit of the downward trend channel, thanks to which the price will be able to increase to the area $3,770. Looking at the RSI indicator, you can see how energy is being collected and here we are approaching the lower limit, which can affect the trend and reverse it, also the STOCH indicator shows how the energy in the downward movement is exhausted, which may result in maintaining the price or an attempt to change the trend when BTC maintains the price .
by cryptodailyuk
Is LINK getting ready for an upward move?Hello everyone, let's look at the 4H LINK to USDT chart, because you can see how the price is moving in the local downtrend channel, and what's more, you can see a break from the bottom of the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $15 T2 = $15.80 T3 = $16.33 AND T4 = $17.05 Now let's move on to the stop loss in case of further market declines: SL1 = $13.79 SL2 = $13.17 SL3 = $12.41 AND SL4 = $11.78 The RSI indicator shows that we are bouncing off the local downward trend line, which causes the price to rebound again, while the STOCH indicator is constantly moving at the lower border, which may lead to an attempt to rebound the price and exit the channel at the top.
by cryptodailyuk
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to a quick review of the BNB to USDT pair chart, taking into account the four-hour interval. As we can see, the price has broken down from the upward trend line, and now we can see that a local downward trend channel has formed. Please note how the price remained in the support zone from $589 to $576, if this support was broken, the support level is still visible at $556 and then around $523. Looking the other way, there is a significant resistance zone from $601 to $606, then the price must go up through the resistance at $621, which will open the way towards $645. When we look at the RSI indicator, we will see a movement in the side trend channel, where we have bounced off the lower border, while the STOCH indicator indicates a potential upward movement, the beginning of which is visible on the chart.
by cryptodailyuk
BTC QUICK UPDATE!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. Welcome to your BTC/USDT Quick Update! The chart on a lower timeframe shows a breakout from the symmetrical triangle, indicating a potential bearish trend. However, strong support sits at the $59,000-$60,000 level. We might see a bounce from there. If we break below this support, there's a high chance of visiting the $52,000-$53,000 level. What do you think about this? Share your views in the comment section. Thank You!
Short
by CoreCrypto1
BTC/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, as we can see the price has been moving in a sideways trend channel for a long time and currently we can see the price moving near the upper border of the channel, which is staying just above the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $594 - $611 T2 = $635 AND T3 = $662 Now let's move on to the stop loss in case of further market declines: SL1 = $570 SL2 = $542 SL3 = $519 AND SL4 = $492 When we look at the RSI indicator and the STOCH indicator, we will see that there is still room for a continuation of the current downward movement.
by cryptodailyuk
Technical Analysis: Gold Market ResiliencGold has surged to an astonishing level, nearing $2,350. Gold prices are struggling to attract any meaningful buyers amidst the emergence of new USD buying pressure. Betting on the Fed's likelihood to maintain higher interest rates for a longer period amid challenging inflationary conditions is expected to bolster USD demand. From a technical standpoint, despite gold being overbought, signs of recovery are evident. It is anticipated that gold prices will test the 0.5-0.618 Fibonacci level before continuing their upward trajectory.
OANDA:XAUUSD
by Stephen_Anders
EUR/USD: Short-term Outlook and Growth Trend of EUR/USDEUR/USD slightly increased on Thursday and is expected to remain stable in the Asian trading session on Friday, around the level of 1.0730. Looking at the one-hour chart, we can see signs of slight decrease in price. However, this is only a short-term prospect. There is a possibility that the price will retrace to the 0.5-0.618 Fibonacci level before returning to the upward trend and targeting resistance levels. The initial target is 1.0740, followed by 1.0756, and finally the psychological level of 1.0787.
by Daisy_Anna
XAUUSD: Signs of Recovery and Price Increase Prospects for GoldThe price of gold is currently undergoing a phase of recovery consolidation after breaking free from its daily lows, trading at $2,330 compared to the low of $2,305. This stability is reinforced by the higher interest rates of the US Treasury and the resurgence of inflation, leading to speculation that the Fed may cut interest rates in the near future. Looking at the chart, we can observe the adjustment of gold prices as it trades above the simple moving averages (SMA). Particularly, the SMA 20 is gradually trending upwards, signaling positivity. It is expected that gold prices will continue to rise and may even surpass the SMA 100, followed by a strong upward trend. This suggests that the market appears to be anticipating a positive shift from economic factors and monetary policy.
OANDA:XAUUSD
by Daisy_Anna