22/02/2024
*The overall trend in gold remains bullish as long as it's trading above the lower vertical black line. The period from 2024 to 2020 is considered a good area to enter on the buy side, with a stop loss at 2017 and initial targets at 2032, 2036, and 2045.*
22/02/2024
*OIL*
*The oil price is once again testing a resistance level, which is around 78.5 to 79.7. If the resistance holds, oil could fall back to the 76.2 to 75.5 levels. However, a breakout above 79.7 could lead to a move towards the 83 area.*
22/02/2024
*EURUSD* (UPDATED ANALYSIS )
*The net trend in EURUSD is still bullish until the price reaches the lower vertical black line, which is around the 1.08270 level. A buy entry is suggested near 1.08270 levels with a stop loss at 1.08050 and the target should be the recent high.*
*On the other hand, a breach of the black trend line will shift the trend from bullish to bearish, and the price could hit the recent low of 1.07067 again.*
15/02/2024
DXY-105 IS A VALID ANS TRONG RESITANCE AREA WHEREAS I AM EXPECTING THAT IT MAY TEST 104-104.20 ZONE AGAIN FOR NEXT BULL RUN.
15/02/2024
USOIL- JUST MISSED OUR FINAL TARGETED AREA BY 20 PIPS. A GOOD FOLLOW BACK OF OIL RALLY FROM 71 TO ALMOST 79 AREA. LOOKING AHEAD, 75.50 IS IMMEDIATE SUPPORT WHEREAS RESISTANCE AREA WILL BE AT 77 ZONE. OIL MAY CONSOLIDATE HERE AND THEN AGAIN FALL TOWARDS 73.50 AREA. BELOW 75.50 IT WILL BE AGRESSIVE BEARISH
15/02/2024
GOLD-IT IS CONSOLIDATING HERE. IMMEDIATE RESISTANCE AT 1994-1996 AREA WHEREAS A MAJOR RESISTANCE ZONE WILL BE AT 2008 ZONE. SUPPORT ZONE IS AT 1984-1986 AREA, THAT ZONE CAN BE CONSIDER A SCALPING AREA WITH STOPLOSS OF 1980. *BELOW 1980 IT WILL HAVE TO TEST 19665 ZONE*