ElenaMayi

ElenaMayi Updated 

Gold prices ticked up on Monday, while investors looked forward to the U.S. Federal Reserve’s interest rate outlook and President-elect Donald Trump’s tariff policies, which could shape the metal’s 2025 trajectory. Generally, the direction is a downtrend. Downtrend Side: If trading continues below 2640, the bearish trend is expected to remain active, targeting...

ElenaMayi Updated 

Stock futures were slightly lower early Monday ahead of the last few trading sessions of 2024. Generally, the direction is uptrend Uptrend Side: the price should break the resistance of 5997, especially if it breaks 6026, and will enter the consolidation high zone. Downtrend Side: The levels of 5,997 and 6,026 act as notable catalysts influencing the price to...

ElenaMayi

Generally, the direction is uptrend Uptrend Side: The price appears to be approaching its final corrective phase. To generate sufficient upward momentum to break through the upper boundary of the channel, any breakout is likely to support further price increases, potentially reaching 159.24 and, subsequently, 169.69. Downtrend Side: To confirm the establishment...

ElenaMayi

Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the U.S. later this week to assess growth in the world’s two largest oil consumers. Generally, the direction is consolidation Summary: The price has been stable for an extended period between two strong zones: the upper range at...

ElenaMayi

Stock futures ticker lower early Friday as investors look to end the holiday-shortened week on a strong note. Generally, the direction is uptrend Uptrend Side: The price is currently trading near the most recent high resistance level, increasing the likelihood of a rise toward 22,110 and potentially surpassing its new high level of 22,660. Downtrend Side: For a...

ElenaMayi Updated 

Gold gained on Thursday in light holiday trading, boosted by slight weakness in U.S. dollar and geopolitical tensions, as investors eyed Federal Reserve’s 2025 rate strategy and Trump’s tariff policies, which could shape the metal’s trajectory next year. Generally, the direction is uptrend Uptrend Side: the price will rise to touch the defense that the price...

ElenaMayi Updated 

Generally, the direction is uptrend Uptrend Side: The price has risen and entered a stable high consolidation zone, which may influence the price to move sideways. A breakthrough above the last resistance level of 6099 could signal a move toward higher levels. However, before any upward momentum can be sustained, a brief correction around 6026 is necessary to...

ElenaMayi Updated 

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

ElenaMayi

Generally, the direction is uptrend Uptrend Side: The price has reached the upper boundary of the resistance zone at 157.63. A breakout above this level is required to continue upward movement. Subsequently, the price will encounter the trendline of the progress channel. A confirmed breakout of the channel, marked by the closing of a 4-hour candle, would likely...

ElenaMayi Updated 

Generally, the direction is an uptrend Uptrend Side: The chart has reversed to a bullish trend and is currently trading around the resistance level of 21,615. If the price can break this level on the 1-hour candle, we should prepare for a potential move toward higher levels. Initially, the price is expected to rise and test the 21,770 level. Once this level is...

ElenaMayi Updated 

Gold prices edged higher on Tuesday, as investors braced for a less aggressive path of interest rate cuts from the Federal Reserve next year, in a holiday-truncated trading week. Generally, the direction is a downtrend Uptrend Side: For a bullish trend to be established, a breakout above the 2640–2664 zone must be confirmed by a daily candle closing above this...

ElenaMayi

Generally, the direction is a downtrend Summary: The price is currently trading persistently below the 94.98 level. We anticipate a decline toward 91.49, a key level that could lead to a deeper drop to 86.31. However, as is often the case, a corrective move may occur, possibly near the 91.49 level. Upside momentum in this area is challenging unless the price...

ElenaMayi Updated 

Spot gold edged higher on Monday, supported by short covering after a weekly loss on Friday due to the Federal Reserve’s cautious stance on rate cuts in the upcoming year. Generally, the direction is a downtrend Uptrend Side: For a bullish trend to be established, a breakout above the 2640–2664 zone must be confirmed by a daily candle closing above this level....

ElenaMayi

Generally, the direction is a downtrend in the same zone in the same scenario. Uptrend Side: The price is still trading within the bearish channel, having declined and stabilized below 1.0450. For a rise to occur, the price must break above this level to reach 1.0527 and 1.0608. Downtrend Side: Trading within the bearish channel and stabilizing below 1.0450 will...

ElenaMayi

Stock futures edged up in overnight trading Sunday as the market gears up for a holiday-shortened trading week. Generally, the direction is uptrend Uptrend Side: the price should break the resistance of 5997, especially if it breaks 6026, and will enter the consolidation high zone. Downtrend Side: The levels of 5,997 and 6,026 serve as significant motivators...

ElenaMayi Updated 

Gold prices were set for a weekly decline on Friday after the Federal Reserve’s verdict on its monetary policy-easing cycle signaled a slowdown in rate cuts, while focus shifted to the U.S. Personal Consumption Expenditure data due later in the day. Generally, the direction is a downtrend Uptrend Side: For a bullish trend to be established, a breakout above the...

ElenaMayi Updated 

Generally, the direction is a downtrend Uptrend Side: The price is still trading within the bearish channel, having declined and stabilized below 1.0450. For a rise to occur, the price must break above this level to reach 1.0527 and 1.0608. Downtrend Side: Trading within the bearish channel and stabilizing below 1.0450 will support the bearish trend, potentially...

ElenaMayi Updated 

Generally, the direction is uptrend Summary: A correction is expected, potentially reaching 21035 or higher, if the price closes a 4-hour candle above 20900. Following this, a decline in our support levels is anticipated. Uptrend Side: The price currently requires renewed positive momentum to stabilize above 20215 to touch 21415. Downtrend Side: The price is...