IsmailAbdulMeguid

IsmailAbdulMeguid

The recent gold rally has achieved all anticipated price targets in a remarkably short timeframe, subsequently attracting profit-taking activity. These sellers are currently dominating price action, creating what appears to be a potential head and shoulders pattern with the head at $3,500 and neckline at $3,280. Should the 4-hour candle close below this neckline,...

IsmailAbdulMeguid

In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks. in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9% As we can see on the chart the index...

IsmailAbdulMeguid

The BITSTAMP:BTCUSD gives a buy signal today after breaking the 22450 level targeting two 1st target 24265 2nd target 28000 stop loss 22900

IsmailAbdulMeguid

For the first time since the COVID sell off the SP:SPX closed the WEEK below the 200 SMA at 3583 points, for the previous three weeks the index was trying to test the support of the 200 SMA but after the heavy selling pressure in the other indexes TVC:DJI NASDAQ:IXIC and NASDAQ:NDX . SP:SPX has broken the support to the downside and most of the stocks...

IsmailAbdulMeguid

On the 4 hours frame the Gold OANDA:XAUUSD is showing weakness which may lead to breaking the $1705 support level OANDA:XAUUSD to make the OANDA:XAUUSD heading south to the levels of $1684 as the first target also the indicators signal the weakness on the intraday frames which support the idea, this scenario can be changed if the prices went up to break the...

IsmailAbdulMeguid

The Nasdaq100 NASDAQ:NDX couldn’t hold above the support levels mentioned in our last report at 11376 points and opened the week with a gap below the significant 50%Fib. Level to open at 11472 points signaling that the bears are controlling the market backed by the bad news of the economy, then bears confirmed their control after the FED rate hike of 0.75 %...

IsmailAbdulMeguid

Gold XAUUSD for the first time since April XAUUSD has formed a higher low and trying to break the resistance level of $1867, buyers are trying to take control and their power will be tested on the $1875 to $1877 level, breaking this level will lead Gold XAUUSD to test the level of $1900 Investors with long positions are advised to hold till the confirmation of...

IsmailAbdulMeguid

After seven weeks of downward movement in the Nasdaq100 losing more than 22% it closed this week at 11835 points, it is now near to test the 200EMA at 11362 points (red line) for the first time since 2020 pandemic sell-off and that’s the last major support on the medium term and historically the 200EMA is the strongest support in the uptrend, so we have two...

IsmailAbdulMeguid Updated 

Silver ( XAGUSD ) is still in the sideways move since mid-2021 ,Silver is trying hard every time to penetrate the resistance levels especially the 50 EMA line Today the Silver (XAGUSD) is trying to close above the 50 EMA line for the first time in February . if the Silver ( XAGUSD ) can close above the 23.08 level it will be a buy signal and the next resistance...

IsmailAbdulMeguid

In continuation to what we have published about the dollar index and the strength and momentum it is gaining in the medium and long term, we now shed light on the EURUSD pair, as it has been moving in a down trend since 2008 (the image on the left is a monthly frame) until 2015 since then it has been moving in a sideways move between 1.05 and 1.22. Since 2020,...

IsmailAbdulMeguid

The past year was characterized by many economic events , which affects the dollar and other currencies, Gold and precious metals as well, forcing the sideways or bearish movement on other financial instruments, and the following is a review of the dollar index in the medium term . The dollar index is in an upward move inside the ascending channel since mid-2021,...