After the downtrend touched oil, it falls again after we expected to reach these levels, according to the analyzes on the page. Now we expect a correction to 53 levels and also strongly.
We notice that the US bond yields have stabilized above the moving average 55, which gives a strong positive for the rise in the coming weeks, but this week we will witness a slight decline, which pushes gold to rise, expected to 1809 levels, and then return to the drop to 1757.
The dollar index is a head and shoulders in the event of breaking the monthly resistance, we expect a violent drop of up to 86, until I expect the opposite, which is the rise of the dollar due to the rise in US bond yields for ten years.
There are two possibilities for the gold dollar pair at the current price of 1885 The first possibility is to break the resistance line at 1896, so the first target will be 1926 and the second target will be 1955. A 4 hour candle closing condition above the resistance line. The second possibility, which is less fortunate, is the return of gold to the support line...
After the recent events in political circles, we expect oil to return to the decline and to clear levels.
After rising for several consecutive months, the price has reached a stubborn resistance, from which we expect to return to the downside. With RSI deviation forming as a monthly target.
After rising for several consecutive months, the price has reached a stubborn resistance, from which we expect to return to the downside. With RSI deviation forming as a monthly target.
After a month of decline, we expect to return to the upside after forming a divergence on the RSI indicator.
The price is moving in an upward direction with the formation of a downtrend in the months, further downward with the Canadian indicator.
We expect the pair to recover from the resistance and return to the upside. In green