ElenaMayi

ElenaMayi Updated 

Gold prices edged higher on Tuesday, as investors braced for a less aggressive path of interest rate cuts from the Federal Reserve next year, in a holiday-truncated trading week. Generally, the direction is a downtrend Uptrend Side: For a bullish trend to be established, a breakout above the 2640–2664 zone must be confirmed by a daily candle closing above this...

ElenaMayi

Generally, the direction is a downtrend Summary: The price is currently trading persistently below the 94.98 level. We anticipate a decline toward 91.49, a key level that could lead to a deeper drop to 86.31. However, as is often the case, a corrective move may occur, possibly near the 91.49 level. Upside momentum in this area is challenging unless the price...

ElenaMayi

Generally, the direction is an uptrend Uptrend Side: The chart has reversed to a bullish trend and is currently trading around the resistance level of 21,615. If the price can break this level on the 1-hour candle, we should prepare for a potential move toward higher levels. Initially, the price is expected to rise and test the 21,770 level. Once this level is...

ElenaMayi Updated 

Spot gold edged higher on Monday, supported by short covering after a weekly loss on Friday due to the Federal Reserve’s cautious stance on rate cuts in the upcoming year. Generally, the direction is a downtrend Uptrend Side: For a bullish trend to be established, a breakout above the 2640–2664 zone must be confirmed by a daily candle closing above this level....

ElenaMayi

Generally, the direction is a downtrend Uptrend Side: The price needs to break the 1.2624 and then break out of the channel by closing a 4-hour candle above 1.2808 to potentially reach 1.2936. Downtrend Side: However, as long as the price remains within the channel and below 1.2624, the bearish trend will remain active, targeting 1.2530 and, subsequently,...

ElenaMayi

Generally, the direction is a downtrend in the same zone in the same scenario. Uptrend Side: The price is still trading within the bearish channel, having declined and stabilized below 1.0450. For a rise to occur, the price must break above this level to reach 1.0527 and 1.0608. Downtrend Side: Trading within the bearish channel and stabilizing below 1.0450 will...

ElenaMayi

Stock futures edged up in overnight trading Sunday as the market gears up for a holiday-shortened trading week. Generally, the direction is uptrend Uptrend Side: the price should break the resistance of 5997, especially if it breaks 6026, and will enter the consolidation high zone. Downtrend Side: The levels of 5,997 and 6,026 serve as significant motivators...

ElenaMayi Updated 

Gold prices were set for a weekly decline on Friday after the Federal Reserve’s verdict on its monetary policy-easing cycle signaled a slowdown in rate cuts, while focus shifted to the U.S. Personal Consumption Expenditure data due later in the day. Generally, the direction is a downtrend Uptrend Side: For a bullish trend to be established, a breakout above the...

ElenaMayi Updated 

Generally, the direction is a downtrend Uptrend Side: The price is still trading within the bearish channel, having declined and stabilized below 1.0450. For a rise to occur, the price must break above this level to reach 1.0527 and 1.0608. Downtrend Side: Trading within the bearish channel and stabilizing below 1.0450 will support the bearish trend, potentially...

ElenaMayi Updated 

Generally, the direction is uptrend Summary: A correction is expected, potentially reaching 21035 or higher, if the price closes a 4-hour candle above 20900. Following this, a decline in our support levels is anticipated. Uptrend Side: The price currently requires renewed positive momentum to stabilize above 20215 to touch 21415. Downtrend Side: The price is...

ElenaMayi Updated 

Oil prices fell in early trading on Thursday after the U.S. Federal Reserve signaled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand. Generally, the direction is consolidation Summary: The price has been stable for an extended period between two strong zones: the upper range at 71.57 and 70.50, and the lower range at...

ElenaMayi Updated 

Stock futures were little changed Wednesday night as investors absorbed a new, sobering reality for financial markets. Trading was volatile after the regular session’s panic surrounding the Federal Reserve’s revised outlook for interest rates next year. Generally, the direction is a downtrend Uptrend Side: The price is currently attempting to recover some of the...

ElenaMayi

Gold prices jumped more than 1% on Thursday on short-covering after dipping to the lowest in a month earlier in the session, while the market awaited key U.S. data for further cues on the Federal Reserve’s policy trajectory. Generally, the direction is a downtrend Uptrend Side: to be a bullish trend, a break above the zone of 2640–2664, confirmed by a daily...

ElenaMayi

Generally, the direction is a downtrend and consolidation between 1.05277 and 1.04502. Downtrend Side: a break below 1.04502. If this level is breached, the next support target would be 1.03615. Uptrend Side: The price needs to rise and stabilize above 1.05277 as the first step toward a bullish trend. However, to confirm the bullish trend, it should remain above...

ElenaMayi

Generally, the direction is a downtrend Uptrend Side: The price must break out of the current channel by closing a 4-hour candle above 1.2729, and more importantly, above 1.2808, to pave the way for a potential move toward 1.2936. Downtrend Side: However, as long as the price remains within the channel and below 1.2808, the bearish trend will remain active,...

ElenaMayi

U.S. stock futures were higher on Wednesday morning as traders looked ahead to the Federal Reserve’s December interest rate decision. Generally, the direction is uptrend Uptrend Side: The price has established itself in a new high area and formed resistance at the all-time high (ATH) of 22,110. We anticipate that once this level is breached, the price will...

ElenaMayi

Gold prices were little changed on Wednesday as the markets focused squarely on the U.S. Federal Reserve's monetary policy decision and projections for 2025, due later in the day. Generally, the direction is uptrend Uptrend Side: Each upward step is expected to encounter several obstacles on the way to reaching its weekly peak, such as the 2664 level, which was...

ElenaMayi Updated 

Generally, the direction is a downtrend Spot gold fell on Tuesday ahead of the Federal Reserve’s policy meeting as the market keenly awaited the U.S. central bank’s outlook for cues on the interest rate path in 2025. Downtrend Side: The price continues its bearish trend and has closed the 4-hour candle in a bearish position. We should wait for either the 1-hour...