ElenaMayi

ElenaMayi

For today's session, a corrective movement is anticipated, with the price likely testing the 1.0350 resistance and possibly exceeding it briefly before resuming its downward trajectory. This correction could be part of a liquidity grab before the next bearish impulse. However, to invalidate the bearish scenario and confirm a bullish continuation, the price must...

ElenaMayi Updated 

The price of gold is currently fluctuating between 2,874 and 2,844 USD, indicating a consolidation phase. This suggests that the market is testing this zone before making a decisive move. If the price respects the support and reverses, it is expected to resume the upward trajectory, breaking through the resistance zone and aiming for a new high around 2,910 USD...

ElenaMayi Updated 

The price has been struggling below the 153.770 - 152.438 zone, showing signs of weakness as it attempts to break out of the uptrend channel. Despite a few pushes higher, the market has failed to sustain bullish momentum, indicating that sellers are still in control. A clear breakdown of the channel is anticipated, which could lead the price towards the 149.620...

ElenaMayi

The price is currently trading at a sensitive area just below the last resistance high, leading to two possible scenarios. In the first scenario, if the price continues trading below this resistance level, short-term declines are expected. A confirmed bearish trend would emerge if the price breaks below 5992, especially with a 4-hour candle closing beneath this...

ElenaMayi Updated 

The price is currently trading within a descending channel, respecting its structure by rejecting the upper trendline and initiating a decline. This confirms the prevailing bearish momentum in the market. To validate further downside movement, we are waiting for a break below the support zone at 21,615 - 21,415. A successful breakdown of this area will likely...

ElenaMayi Updated 

The price is currently trading within the critical zone of 71.57 – 70.51, a historically strong area of resistance and support, making it challenging to break decisively. Given this, we anticipate a potential bullish movement once the price stabilizes above 71.57. A confirmed 1-hour candle closure above this level is expected to act as a catalyst, driving the...

ElenaMayi Updated 

The price of gold continues its bullish momentum, confirming the breach of the $2874 level, which opens the path toward the main target at $2910. The uptrend remains valid and effective for today, as the price structure aligns within the ascending channel displayed on the chart. However, it is essential to highlight that the continuation of this bullish wave is...

ElenaMayi

We should closely monitor the next price movement, as it holds significant importance. If the price continues the bearish trend from 1.2433 and falls below 1.2310, it would confirm the activation of the bearish trend, targeting 1.2225. However, any reversal above 1.2530, particularly if confirmed by the closing of a 4-hour candle above this level, could lead to a...

ElenaMayi Updated 

The price is currently trading below the 155.066 resistance level, indicating bearish momentum. As long as it remains below this level, further declines are expected. The next significant support is at 153.770, and a break below this level could push the price toward 152.438. However, if the price stabilizes above 155.066, it may signal a reversal, leading to a...

ElenaMayi Updated 

The price of gold continues to rise, confirming the breach of the 2870 level, with the path open towards our main expected target at 2910.00. The upward trend remains valid and effective for today, structured within the ascending channel displayed on the chart. However, it is crucial to emphasize that the continuation of this upward wave depends on stability above...

ElenaMayi Updated 

The price is currently in an uptrend, moving within an ascending channel, which indicates continued bullish momentum. The resistance zone between 6099 and 6122 has been a significant barrier, but if the price manages to break through, it is expected to reach the next target at 6160. This level aligns with the upper boundary of the channel, making it a key area for...

ElenaMayi Updated 

On Monday, the Nasdaq index declined by 1.7%, following an announcement made on Saturday by former U.S. President Donald Trump. He declared the imposition of tariffs of 25% on Canada and Mexico and 10% on China. Technical Analysis: The price is currently trading below the 21,180 support level. If it remains below this level, further downward movement is expected,...

ElenaMayi

The price has been in an upward movement following a previous sharp downtrend and a period of sideways consolidation. Currently, it is testing the 1.0450 resistance level, which has acted as a significant barrier in previous price movements. The breakout attempt above this level suggests potential bullish momentum, but a correction may occur before confirming an...

ElenaMayi Updated 

The price recently experienced an upward movement, nearing the target of 2840, with a recorded high of 2830. After reaching this level, a pullback occurred, and the price is now consolidating around the 2811 support zone. This level has shown signs of holding, suggesting a potential stabilization phase before another attempt to move higher. If the price maintains...

ElenaMayi Updated 

S&P 500 Futures Drop 2% Amid New Tariff Concerns S&P 500 futures fell 2% early Monday as new U.S. tariffs on key trade partners sparked investor fears over economic and corporate profit impacts. Despite a strong earnings season, trade uncertainty is weighing on market sentiment. From a technical perspective, the price experienced a bearish gap, stabilizing below...

ElenaMayi Updated 

The recent price action confirms the bearish trend as the pair has consistently closed below the 190.63 level. This suggests that sellers remain in control, increasing the likelihood of further downside movement. The next key target is the 188.94 support level, where a potential reaction may occur. If the price successfully breaks this level, bearish momentum is...

ElenaMayi Updated 

Gold prices fell nearly 1% on Monday after rising to an all-time high in the previous session, as the U.S. dollar strengthened on mounting fears of a global trade war following U.S. President Donald Trump’s sweeping tariff measures. The price has rebounded from the support level at 2782 on the 4H timeframe, indicating potential upward movement. If the price...

ElenaMayi

The price is currently trading within the high zone below 6,099, For today, it is anticipated that the price will continue its bullish attempts to break this resistance. A breakout above the resistance level could lead to a rise toward a new high at 6,160. Conversely, if the correction persists and the price falls below 6,026, confirmed by the closing of a 4-hour...