ElenaMayi

ElenaMayi Updated 

Generally, the direction is uptrend as long as trades above the support of 181.306. Uptrend Side: currently the price trades above 183.869, thus will support the price to rise toward 188.232 and above 191.584. Downtrend Side: To be a bearish trend, the price should stabilize below 183.869, also, if it crosses the blue daily uptrend, and touches the support of...

ElenaMayi

Generally, the direction is uptrending. Uptrend Side: The EUR/USD reversed from its breakout, rising and stabilizing above 1.1140. As long as the price remains above this level, it will attempt to reach 1.1179. A move above 1.1179 will lead to consolidation between this level and the resistance at 1.1241. Correction: currently the price is trading in the down...

ElenaMayi

yesterday the gold price reached our target As we mentioned, currently the price has stabilized above 2605. Generally, the Direction is uptrend. Uptrend Side: as long as the price trading above 2605, it will rise toward a new high level like 2640. Downtrend Side: the price should face a strong correction to down and then continue toward the bottom until below...

ElenaMayi

Generally, the direction is uptrend Uptrend Side: The price has stabilized above the support zone, ranging between 19,630 and 19,225. This zone is likely to encourage further price movement towards 20,030, with the potential to reach 20,410. Correction: May the price face the downtrend as a correction until 19725. Downtrend Side: The price should face a strong...

ElenaMayi Updated 

the price reached our target of 2600, as we mentioned in the last analysis. Gold prices rose during Thursday's trading by about $25 per ounce, heading towards their highest levels ever at $2,600 per ounce, which they recorded in the previous session following the US Federal Reserve's decision and the US Federal Reserve cutting interest rates by 50 basis...

ElenaMayi Updated 

Stock futures are little changed as Wall Street anticipates a long-awaited Fed rate cut Generally, the direction is uptrend. Uptrend Side: The price is trending above 19225 and there is consolidation between this level and the resistance of 19635, so to confirm the uptrend, the price should break 19635 and stabilize above it to be more inclined toward...

ElenaMayi Updated 

EUR/USD continues its upward trend, reaching a two-week high amid growing expectations of a 50 basis point rate cut by the Federal Reserve. This narrows the interest rate gap with the ECB, which ruled out further cuts for October. Generally, the direction is uptrending. Uptrend Side: The EUR/USD reversed from its breakout, rising and stabilizing above 1.1140. As...

ElenaMayi Updated 

Oil prices edged lower on Tuesday, as fears of weaker demand in China weighed on market sentiment, while focus turned to the U.S. Federal Reserve’s policy meeting that concludes on Wednesday. Providing a floor to prices were prospects of lower U.S. crude stockpiles and concerns over U.S. production in the aftermath of Hurricane Francine. Generally, the direction...

ElenaMayi Updated 

Gold prices were flat on Wednesday as investors weighed the chances of an outsized interest rate cut by the Federal Reserve later in the day. Generally, the direction is uptrend Uptrend Side: The price has established resistance at 2586. It has currently reversed from this level and must break through it to reach a new high of 2600, with the potential for more...

ElenaMayi

The Japanese yen rose in the Asian market on Wednesday, nearing its 14-month high as pressure on yen carry trades resumed. The Bank of Japan is expected to keep monetary policy unchanged, with a potential rate hike in December. The U.S. Federal Reserve is likely to start a new easing cycle, with the first interest rate cut in four years. Generally, the direction...

ElenaMayi Updated 

Uptrend Side: the price is trading near the strong resistance level as a breakout of 1.3611, so if can cross this level by closing the 4H or 1D candle, we will start the positive step by step and our first target will be the 1.3662 and above it, crossing the blue uptrend, which will support the price to be bullish more and strong Downtrend Side: On the bearish...

ElenaMayi Updated 

Gold prices retreated slightly in the European market on Tuesday, giving up the highest level ever, about to suffer the first loss in the last four days, due to the relative activity of correction operations and profit-taking. This comes ahead of the start of the Federal Reserve’s monetary policy meeting later today, where a new monetary easing cycle is expected...

ElenaMayi Updated 

Generally, the direction is uptrend. Uptrend Side: The price is trending above 19225 and there is consolidation between this level and the resistance of 19635, so to confirm the uptrend, the price should break 19635 and stabilize above it, to be more inclined toward 20025. correction: currently the price makes a downward correction. Downtrend Side: should break...

ElenaMayi

Gold prices are at all-time highs as traders eye deeper U.S. rate cuts. The gold price is exhibiting new positive movements, confirming the continuation of the bullish trend in the short and medium term. Generally, the direction is uptrend Uptrend Side: Gold prices have established a resistance at 2586. The price is currently attempting to break this level to...

ElenaMayi

Fed rate cut bets drive gold to all-time high Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve. Gold prices rose sharply to 2,571 and crossed our targets of 2,540 and 2555. Generally, the direction is uptrend Downtrend Side: Currently, gold faces a resistance level at 2571, along with a...

ElenaMayi Updated 

Generally, the Direction is uptrend. Uptrend Side: the price stabilized above 19210, will try to reach 19550, and above it will consolidation between this level and resistance of 20100 until break one level. Downtrend Side: For the downtrend to continue, the price must close a 4-hour candle below 19,210 in order to target 18,860. Tendency Keys: 19550 19500 is...

ElenaMayi Updated 

Generally, the direction is a downtrend Uptrend Side: breaking and stability above 69.53, especially crossing the zone between 71.70 and 72.88, will activate the bullish trend and confirm toward 74.70. Downtrend Side: After the price touched the support line of 67.33, it reversed upwards as a correction, so as long as the price trades under 69.53, the downtrend...

ElenaMayi Updated 

Generally, the direction is downtrend as long as trades under the 1.3611. Uptrend Side: the price is trading near the strong resistance level as a breakout of 1.3611, so if can cross this level by closing 4H or 1D candle, we will start the positive step by step and our first target will be the 1.3662 and above it, crossing the blue uptrend, which will support...