SalemSignals

SalemSignals

Let's get straight to the point: In principle, the buying divergence and the rise to an area above 1840 is considered a breach of a very important resistance that was steadfast in front of the expected rises in February, and this indicates that we will stay in this area a lot, which is between 1861-1830, and it is a very vital area. The current expectation must be...

SalemSignals

We are still in the process of falling, and it is likely for gold to fall to the range of 1800-1799, and this area is very strong, as the support here is on the weekly chart and the price average line 200. The bounce may not be fast, but the bounce is likely to reach the borders of 1820, and then the break will come due to the correction of the dollar after this...

SalemSignals

Since the price fell from 1860, as we indicated in our previous recommendation, it headed to point 1825 directly, to rebound the price to 1844, and this is considered more than a correction, but in general we are still in a downtrend. But if it breaks this point, it may return to the 1900 area

SalemSignals

During the year 2022, purchases were made from the range of $16,000 - $20,000 in very large quantities, which made this area very difficult to break, so the rebound was in the last period. We target the next period, the $27,000 area as a resistance area, breaking which is very important for the slow and stable rise after the big drop last year.

SalemSignals

The area between 1825-1860 always has a rapid rise or fall due to news, so there is no strong support logic except for 1835, which had support last month. Technically, we expect the price to fall to these areas slowly. The Fed is in a difficult situation, as inflation is still high, and the decision to raise the rate will lead to the collapse of more companies....

SalemSignals

Before entering a sell on gold, you must make sure that the price settled below 1924 to target the next support 1918, and there is a large space between this price and the support that follows it, around 1900. This is initially. The weakness of the dollar in the previous days raised gold higher than required, and the rise was supposed to be slow. In the next week,...

SalemSignals

We are still in the ascending range and gold is still achieving rising points since breaking the downtrend 1790. This adverse news on the US dollar increases from a decline in inflation and a slowdown in raising interest rates. According to our chart and according to technical analysis, we expect gold to correct to 1897 and perhaps more than this because of...

SalemSignals

In my opinion, technically, gold needs to return to point 1808 or lower than it, after the momentum it had last week at the resistance line. We are now, but if there is an ascent, it will rise to the borders of the trend line 1830, and then we will go back down. So, all things suggest that gold will rise more than this, and it will be very difficult, and we do not...

SalemSignals

The pair is still in the process of an uptrend, but it collided with the trend line that constitutes a resistance line for the price movement, which made it retreat to the support line 0.66831, but it is still determined, in light of the dollar's volatility, to return to the rising trend line.

SalemSignals

The trend line break in November is still valid, as we moved from a downtrend to an upward trend, albeit temporarily. We show this line on the chart, which makes it one of the most important support areas. Last week, gold fell against the dollar to 1784 points, and this area that we talked about as a support area, negativity in gold It is due to the strength of...

SalemSignals

he pair did not stop rising as the Canadian dollar weakened, which was offset by an improvement in the euro's performance. We are currently at a correctional point on the weekly chart, where our correctional target is at 1.418, but before that, the pair will go through a downtrend in the short term, as a first and second target shown on the chart.

SalemSignals

In my belief, gold broke the downtrend for a while, specifically at point 1790, and began the journey of ascent to distant points, but there is a noticeable improvement in the US economy and GDP, which may raise the dollar again, which makes gold decline a little, but we do not forget that we are in an upward trend, which may be the end of it 3000$, and this is of...

SalemSignals

Gold rose, breaking all the resistances 1781 and 1764, after the Federal Reserve announced a easing of the interest rate hike, and it reached 1804, the highest point since last August, as it is the same rebound point, in my opinion, as temporary, after the Federal Reserve announcement, and I think we entered an upward trend to areas of 1900

SalemSignals

A sharp decline today for this pair, which puts the euro in danger. Tomorrow, the inflation rate will be announced by the German Bank, and it is expected that inflation will fall, which will increase the decline in the euro . The best entry is after a re-test

SalemSignals

There are signs of a rebound for Bitcoin and an accumulation from the point of $16,000, so I see technically that the next target is $21,500 as a beginning of a recovery from the drop, but in fact we are still in a negative phase, but I expect that the bottom is becoming clearer, and if it falls a little bit, we have already reached the bottom.

SalemSignals

For medium-term deals, it is clear that the pair in front of us is affected by the dollar more than others. Its technical movement: at point 0.67981, there is strong resistance on the daily chart, which makes breaking it to the upside the start of a new trend, but the dollar is still positive and opposite to all other currencies.

SalemSignals

This week is full of news, so the movement will be very active. The movement of gold ranged between 1760 - 1745, which is a vital area where gold always stands. Let us agree that gold is still negative due to expectations of the upcoming Federal Reserve rate and perhaps also inflation, which is still high, and they are the two most influential factors in Dollar...

SalemSignals

The index broke the 50-average line, which is an incentive to rise to the area of ​​109 again, noting that all things point to raising the interest rate, in addition to the great pressure on the euro and the pound. Technically, I do not think that the US dollar will calm down in the coming period.