ElenaMayi

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...

ElenaMayi

The price dropping from 75.47 to below 73.59 suggests that the bearish trend is likely to continue. This drop points to 71.57 as the next target. If the price falls below 71.57, the bearish trend will be confirmed, particularly if it stays below the 71.57-70.51 zone. On the other hand, a bullish trend would become active if the price rises above 73.59, and the...

ElenaMayi

Gold prices have reached a record high of 2801, marking a fifth consecutive weekly gain as investors seek safety amid growing U.S. tariff concerns. However, after hitting this peak, the market is experiencing a natural bearish correction, pulling the price down toward the last support level at 2787. This retracement is a common reaction as traders take profits and...

ElenaMayi Updated 

The gold price remains above 2757, maintaining its bullish momentum. As long as it holds above this level, the price is expected to rise toward 2787, the last high. A breakout above 2787 could push it further toward 2816, marking a new high. However, if the price fails to hold above 2757 and breaks below with a confirmed 4-hour candle close, it may decline toward...

ElenaMayi

The market is currently in a clear downtrend, with price action showing lower highs and lower lows. The resistance level around 194.62 has previously rejected bullish attempts, reinforcing the bearish momentum. At the moment, price is testing the support zone near 190.63. If this level fails to hold, further downside movement is expected, targeting 188.94,...

ElenaMayi Updated 

Today, the price is expected to rise and reach the level of 21,615. Subsequently, this level is anticipated to act as resistance, causing the price to decline to 21,420. For today, the price movement is likely to continue testing the resistance at 21,615. A breakout above this level, confirmed by the closing of a 4-hour candle, could propel the price upward to...

ElenaMayi Updated 

The market is at a crucial point, with earnings results and the Fed’s interest rate decision expected to drive strong movements. As long as the price holds above 6,040, bullish momentum is likely to continue, with a breakout above 6,122.9 potentially leading to new highs. However, a 4-hour candle close below 6,040 would confirm bearish pressure, signaling a...

ElenaMayi

The price has reversed from the 1.0527 resistance level, declining below 1.0450, which now acts as a key resistance. As long as the price remains below this level, the bearish trend is expected to remain active, potentially driving the market towards the 1.0350 support level. For today's session, a corrective movement is anticipated, with the price likely testing...