ElenaMayi

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...

ElenaMayi

Stock futures inched lower early Tuesday after the Dow Jones Industrial Average registered its longest losing streak since 2018. Summary: The price continues to trade between 6099 and 6026. We anticipate a further decline toward 5954. Generally, the direction is uptrend and consolidation between 6099 and 6026. Uptrend Side: a breakout above the 6099 level is...

ElenaMayi Updated 

Generally, the direction is a downtrend Summary: Prices are expected to rise before experiencing a sharp decline. Gold prices inched higher on Monday as investors anticipated a potential interest rate cut by the Federal Reserve this week, with particular attention on the central bank's outlook regarding rate cuts in the coming year. Uptrend Side: breaking above...

ElenaMayi Updated 

Summary: The price has demonstrated significant strength above the 21,770 level, thereby confirming the establishment of new highs at 22,000. Generally, the direction is uptrend Uptrend Side: The price is exhibiting a bullish trend and has stabilized above the 21,770 level. Therefore, we should anticipate the formation of a new high at 22,000. Downtrend Side:...

ElenaMayi

Generally, the direction is a downtrend and consolidation between 1.05277 and 1.04502. Downtrend Side: The bearish movement has controlled the direction, and we are waiting for 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...

ElenaMayi

Generally, the direction is uptrend Uptrend Side: The price has broken the channel and surpassed the resistance at 153.770, currently trading above it. A 4-hour or daily candle close above this level is required to confirm the bullish trend toward 155.066. Downtrend Side: However, if the price reverses inside the channel with a 4-hour candle close, the bearish...

ElenaMayi Updated 

Generally, the direction is uptrend Gold prices edged higher on Friday and were set for a weekly gain, driven by reports of top consumer China resuming gold purchases, and heightened expectations of an interest rate reduction by the Federal Reserve at its Dec. 17-18 meeting. Summary: The gold price is expected to rise from 2,664 to 2,701. A breakout above this...

ElenaMayi Updated 

The price has formed an uptrend channel on the 4-hour chart, and similarly, an uptrend channel has emerged on the 1-hour chart. These developments are early indications of a potential new upward movement and a breakout of the previous peak. We anticipate that the price will continue to rise within the 1-hour channel and surpass the resistance level at 103.135, the...

ElenaMayi Updated 

Generally, the direction is a downtrend Uptrend Side: The price needs to 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 1.2808, the bearish trend will remain active, targeting 1.2624 and, subsequently, 1.2530. Tendency Keys: 1.2808

ElenaMayi Updated 

Summary: we expect the price will make a short correction and then rise Generally, the direction is uptrend Uptrend Side: To sustain the bullish trend, the price must break through 70.50, after which it is expected to rise further to test 71.78. Downtrend Side: The resistance at 70.50 may cause the price to decline sharply, potentially reaching 68.64 and...

ElenaMayi Updated 

The price movement is currently confined between the levels of 6,099 and 6,026. Therefore, we should await a breakout on either side, as this would provide a clearer direction for the next significant move. Generally, the direction is uptrend Uptrend Side: The price has established resistance at 6099, and a breakout above this level is required to reach a new...

ElenaMayi

Today, I expect the price to undergo a brief correction before resuming its upward movement, aiming for a new high. Currently, U.S. stock futures slid Thursday after the tech-heavy Nasdaq Composite finished above the 20,000 level for the first time., indicating continued market strength. This aligns with our view that the bullish momentum remains intact, with the...

ElenaMayi

Gold slipped on Thursday as investors booked profits after prices hit more than one-month high earlier in the day on increased expectations of an interest rate cut by the Federal Reserve next week. Summary: The price may fall to 2701 as a correction before rising again to target 2732, 2757, and potentially higher levels. Generally, the direction is...

ElenaMayi

Generally, the direction is uptrend Uptrend Side: The price is exhibiting a bullish trend, particularly if it can break the channel and cross the resistance level of 195.25 with a 4H candle close. The bullish trend will be further confirmed as the price moves toward 196.99 and 198.60. Downtrend Side: The bearish trend will remain active as long as the price...

ElenaMayi

Summary: The price is currently stable in a sensitive area, with a higher likelihood of a decline. We expect the support level at 6026 to be broken, and if this occurs, a sharp decline is anticipated toward the 5954 level. Generally, the direction is an uptrend Uptrend Side: The price needs to rise and break the resistance at 6072 in order to reach the final...

ElenaMayi

The euro declined in European markets on Wednesday against a basket of global currencies, extending its losses for the fourth consecutive day against the US dollar, hitting its lowest level in a week, under pressure from concerns about the widening interest rate gap between Europe and the United States. Later today, the European Central Bank will hold its final...