SalemSignals

SalemSignals May 27

The pair has been in a clear downtrend, forming a bottom around the 1.3665 area, followed by a noticeable bullish rebound with consecutive bullish candles. Key Support Zone: 1.3665 – Represents the recent bottom and a significant reversal point. Upcoming Resistance Levels: 1.3818: A horizontal resistance that has been tested multiple times and is close to the...

SalemSignals May 16

Fundamental Analysis: Gold maintains bullish momentum supported by expectations of a Fed rate pause and increased demand for safe-haven assets amid geopolitical tensions and potential economic slowdown. A weaker dollar and strong central bank purchases continue to support prices. Technical Analysis (1H Chart): Current Trend: Corrective upward Current Price:...

SalemSignals May 8

Based on the current selling momentum, EUR/USD is expected to retrace higher toward the 1.1264 region, which may act as a short-term resistance. If the price fails to break above this level, a renewed bearish move is likely to follow, targeting the 1.1190 zone as the next potential support area. This scenario remains valid as long as price action stays below...

SalemSignals Nov 10, 2024

After the sharp decline of the euro as a result of the increasing strength of the dollar following the American elections, the euro took its time to fall to 1.07, and this is a very strong support area. We expect it to return to the 1.095 resistance area during this week

SalemSignals Nov 7, 2024

Waiting for the interest rate announcement from the US Federal Reserve to confirm the rise to higher numbers, but currently this is what we expect during the coming period.

SalemSignals Updated  Jul 27, 2024

After the strong decline, gold begins to correct to the 2390 range, after which it continues its decline according to the chart to the 2320-2325 area. After the strong decline, gold begins to correct to the 2390 range, after which it continues its decline according to the chart to the 2320-2325 area.

SalemSignals Jul 20, 2024

We are still in an upward trend on the larger chart, and the reversal occurred due to overbought over the past period and not for reasons of fundamental analysis, as hopes are still pinned on the US Federal Reserve’s interest rate reduction. Technically, according to the chart in front of you, the price’s return to these areas is very excellent for gold to return...

SalemSignals Feb 16, 2024

We will not touch on the fundamental analysis as its impact was strong on the dollar this week as inflation was higher than expected, so the rest of the news did not have much impact on gold. As a technical analysis, the 1985 support area, which is located on the falling side of it, rebounded strongly following the Michigan news, and we expect it to continue...

SalemSignals Dec 17, 2023

After the strong movement that occurred in gold, of high rises and strong falls, gold returns to calm after the announcement of the federal interest rate and the approaching New Year. Here the market returns to calm, and technically, its price for gold will range between 2040 and 2003, and this range will be a strong trading area. We return to a strong support...

SalemSignals Updated  Oct 16, 2023

A clear break of the rising trend in the pair, which gave a sell entry signal from point 157.5. The break needs to be retested to the same point, resulting directly to 157.080, to test the support line, which I think has sufficed and become weak. Perhaps it will stop a little, but our main target is 156.6 A clear break of the rising trend in the pair, which gave a...

SalemSignals Oct 14, 2023

During the fluctuations experienced by the US dollar and the volatility America is suffering from in the economy and the fight against inflation, gold began to fluctuate a lot to a larger range starting from $1800 to $1950, and this range was a big game for gold traders. Technically, as we said, it is in the aforementioned range, but on the weekly chart it appears...

SalemSignals Updated  Oct 9, 2023

It is very strange that gold fell by the equivalent of more than 100 points in less than a month, even if expectations indicate a further increase in interest rates, but the decline is exaggerated and I do not see clear reasons for this. I believe that it is far from technical analysis or the rise of the dollar. There are things that we ignore. But technically, I...

SalemSignals Sep 16, 2023

First, let us remember that the announcement of the interest rate is on September 20, so caution is very necessary at this time, and since the majority expects that the interest rate will stop, it remains just expectations, even though inflation has begun to rise more violently, so we will give a possibility, even if it is simple, that the interest rate may rise...

SalemSignals Sep 16, 2023

The Australian dollar is still volatile as usual, but the pair is more profitable for speculators because the trend has become very difficult, so the pair returns again to the previous resistance line, knowing that it is still in the process of falling The Australian dollar is still volatile as usual, but the pair is more profitable for speculators because the...

SalemSignals Updated  Sep 14, 2023

You may find that this chart is a little complicated, but if you focused on it, you would find that there are several possibilities and scenarios that you should pay attention to, and here we are talking about “if.” This means that 34,750 important points, from which the indicator may bounce or may break, and we do not know what is most likely, but great attention...

SalemSignals Updated  Sep 14, 2023

Technically, only on the weekly chart, which is not a short period of time. The stock has reached a support area to raise it to the upside, and the stock is still rising, and it is very likely that it will rise to $350. The area between $330 and $325 is considered a good area for buying in the medium term, taking into account that breaking the trend line downward....

SalemSignals Sep 11, 2023

The trend began at 1.989 within the descending triangle and the break occurred in the 1.956 area on the four-hour chart. The break occurred and continues initially at 1.940. The rest is clear to us on the chart.The trend began at 1.989 within the descending triangle and the break occurred in the 1.956 area on the four-hour chart. The break occurred and continues...

SalemSignals Updated  Sep 11, 2023

The news of the Canadian GDP caused a decline, which caused the pair to rise, affected also by the news of the US unemployment last week, which confused the calculations of the technical analysts. Technically, the pair's arrival at 1.48 is a large overbought area, which necessitates a correction, and perhaps the trend will reverse. The pair closed at 1.464 and...