A rejection from the upper resistance could signal a bearish move, leading to a test of lower channel support or further down to 180
Conversely, if the price breaks above the upper channel line, it may indicate continued bullish momentum.
🚀 EUR/USD 1-Hour Chart Breakdown 🚀
Current Price Levels: Right now, EUR/USD is around 1.0777. Key levels to watch include 1.08108 (resistance) and 1.07463 (support). These levels could be crucial for breakouts or reversals.
Recent Trend: We had a significant drop, followed by a slight recovery that seems to be consolidating. It looks like price is moving within...
🚀 Quick Gold (XAU/USD) Chart Analysis 🚀
Just checked out the 15-min chart for Gold on OANDA. Here’s what I’m seeing:
Key Levels: Price is sitting around 2689 right now, with support near 2686 and resistance up at 2695 and 2701. These levels could be areas to watch for bounces or pullbacks.
Trend: We had a strong move up earlier, but since then, it’s been a...
Overall Trend:
Short-Term Pullback: The recent price action confirms the pullback we observed on the daily chart. We see lower highs and lower lows forming on this timeframe, suggesting a bearish bias in the short term.
Longer-Term Uptrend Intact: It's important to remember that this pullback is occurring within the context of a larger uptrend. The daily chart...
The XAUUSD (Gold vs. US Dollar) chart shows a recent pullback in the price of gold after a strong upward movement. Here's a breakdown of the key observations:
Overall Trend:
Recent Uptrend: Despite the current pullback, the overall trend for gold appears to be bullish. The price has been making higher highs and higher lows, indicating strong buying...
