SroshMayi

SroshMayi

Gold Price Analysis: Potential Consolidation Between $2,420 and $2,397 Last week, gold prices dropped approximately $90 from their all-time high of $2,484. Current Outlook: Today, gold is expected to trade between 2420 and 2397, indicating a consolidation phase until a breakout occurs. Bullish Scenario: If gold attempts to reach 2416 or 2420 and breaks...

SroshMayi

Technical Analysis: US30 The price has reached the resistance level of 40420, as mentioned in the previous analysis, and has since dropped, consolidating between 40060 and 40420. Current Outlook: The US30 is expected to decline as long as it trades below 40420, targeting 40060. A break below 40060 would suggest a continuation of the bearish trend. Bullish...

SroshMayi

Technical Analysis: Imminent Retest of 19,845 for Nasdaq Nasdaq Nears Critical 19,845 Resistance: Potential Breakout or Bearish Turn? Next Outlook: The Nasdaq is approaching 19,845, a key resistance level. A successful break above this level would target 20,085. Conversely, sustained trading below 19,525 could signal the start of a bearish trend. Bullish...

SroshMayi Updated 

Gold Price Analysis: Reversal from Pivot Line Gold prices have reversed from the pivot line, which has now established a strong resistance at 2475. Stability below 2466 will likely support a decline towards 2450 and 2440 today. Bullish Scenario: For a bullish trend, the price needs to break above 2475 and stabilize. If the price can hold above 2475, it may...

SroshMayi Updated 

Gold Price Analysis: Strong Reversal from Pivot Line Gold prices have reversed sharply from the pivot line at 2475, now serving as a strong resistance level. The price has also breached the 2420 mark, continuing the bearish trend towards 2397. Consolidation is expected between 2397 and 2420 until a breakout or next week's movement occurs. Bullish Scenario:...

SroshMayi

Dow Jones Analysis: Bearish Outlook After Reaching Key Resistance Based on the provided daily chart of the US30 (Dow Jones), the price has reached a significant resistance zone around the 41,306 level. This area, marked as the Yearly Resistance Zone, is critical and could trigger a bearish reversal. Key Observations: 1. Resistance Zone: The price is currently...

SroshMayi

Technical Analysis: Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment Next Outlook: Following a decline due to adverse conditions on Wall Street, the Nasdaq is expected to consolidate between 19,625 and 19,845 until a breakout occurs. The bearish trend remains in play, particularly if the price stabilizes below 19,525, potentially driving it down...

SroshMayi

S&P 500 Analysis: Reached the Breakout Zone The price has dropped and reached the breakout zone between 5550 and 5525. To confirm the direction, a 4-hour candle should close above or below this range. Bullish Scenario: The bullish trend will be activated by stabilizing above 5550, targeting 5580. Further stability above 5585 will aim for 5620. Bearish...

SroshMayi

Technical Analysis: Historical Resistance Reached and New All-Time High As mentioned in the previous analysis, the price has reached the historical resistance level of 41,030, stabilized above it, and recorded a new all-time high of 41,390, continuing its run towards 42,100. Current Outlook: The price is expected to correct to 41,030. Stability below this level...

SroshMayi

Technical Analysis: Impact of Earnings Season and NVIDIA Situation on NASDAQ Next Outlook: The NASDAQ may break its barrier and stabilize below it due to the adverse situation with NVIDIA and prevailing geopolitical tensions. This makes the trend in this area particularly sensitive. Bullish Scenario: For a bullish trend to emerge, the price needs to break...

SroshMayi Updated 

Technical Analysis: Gold Gold prices recently broke through the all time-high, recording a new peak at 2482, hitting our target perfectly. Bullish Scenario: For a sustained bullish trend, the price should stabilize above 2475. If this level holds, the price could reach 2488 and gradually move towards 2500 and 2526. There is also a possibility of a retest if...

SroshMayi Updated 

Technical Weekly Analysis: US30 (Dow Jones Industrial Average) A Short Outlook on the Previous Movement: The US30 has experienced a strong bullish trend, characterized by an ascending trend line that began around early 2023. The price saw significant gains until it reached a resistance level near 40,970.0, where it faced some consolidation and pullbacks....

SroshMayi Updated 

NASDAQ Analysis: Potential Direction During Earnings Season The NASDAQ recently broke out from an ascending trend line but has since reversed. Given the earnings season, we can anticipate increased volatility as companies report their quarterly results, which will significantly influence market direction. Bullish Scenario: If the price can stabilize above...

SroshMayi

S&P 500 Analysis: Reversal from All-Time High The S&P 500 recently reached an all-time high but has since reversed. Stability below 5620 indicates a continuation of the bearish trend, targeting 5584 and 5550. Earnings reports are expected to play a significant role, potentially moderating bullish momentum. Bullish Scenario: To maintain a bullish trend, the price...

SroshMayi Updated 

Trend Analysis Summary Market Consolidation and Key Levels: The price has reversed and stabilized in a bearish area as long as it trades below the supply zone, which is between 158.800 and 159.100, targeting 157.975 and 157.380. Bullish Scenario: For a bullish trend, the price needs to stabilize above 158.800, potentially reaching 159.810. Further stability...

SroshMayi Updated 

Gold Technical Analysis Based on the provided chart, the following analysis can be made: Current Outlook: - The price is currently approaching the all-time high (ATH) of 2450 and is consolidating within a narrow range. - There is a breakout zone that the price is approaching, which could signal further upward momentum if breached. Bullish Scenario: - If the...

SroshMayi Updated 

Technical Analysis: US30 The price has reached the resistance level of 40420, as mentioned in the previous analysis, and has since dropped, consolidating between 40060 and 40420. Current Outlook: The US30 is expected to decline as long as it trades below 40420, targeting 40060. A break below 40060 would suggest a continuation of the bearish trend. Bullish...

SroshMayi

Bitcoin Technical Analysis The price has pushed up from our demand zone and can easily reach its resistance at 64905. As long as it trades above 62410, it will continue to push up and potentially break 64905. Current Outlook: The price is expected to consolidate between 62400 and 64905 until a breakout occurs. Bullish Scenario: As long as the price trades...