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Gold holds below bullish channel

Gold dropped this morning as it stayed below the bullish channel, noting that SMA 9, as the price moves above it on the 1-hour chart. Meanwhile, gold is still trading near the daily pivot point at $2918. If it holds below it, the price may retreats toward $2991 then $2981. On the other hand, if gold hold above the aforesaid daily pivot point. it may rise toward $2929 then $2936.

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Highness

Feb 26, 2025
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technical_analysis_articles
U.S index eyes breaching 106.600

US Dollar Index rose during today's session, as it gained som positive momentum. The SMA 9 is indicating some positive signals, with the price moving above it on 1-hour chart. Meanwhile, the price is eyeing to break the daily pivot point at 106.600, targeting 106.820 then 106.960. On the other hand, if the dollar drops, it may reach 106.170 then 106.055.

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Highness

Feb 26, 2025
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technical_analysis_articles
Dow Jones retests bearish channel

Dow Jones Index recorded a slight increase during today's trading, as it gains positive momentum. Meanwhile, gold is hovering around the lower line of bearish channel, a stabilization above it could help prices to achieve further gain towards 43808 then 43925. On the other hand, if the price declines, it may reach to 43407 then 43294.

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Highness

Feb 24, 2025
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technical_analysis_articles
Oil losses positive momentum

Oil dropped today as it  moved below the SMA 9, but it await some positive momentum to rebound again on the short term.If the price gain more momenteum, it could rises toward $70.90 then $71.20 per barrel. Conversely, if the price retreats, it may reach toward $69.50 then $69.20 per barrel.

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Highness

Feb 24, 2025
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technical_analysis_articles
Gold leans above bullish trend, set sight on $2955

Gold rose during today’s trading as it remained above the bullish trend line , Noting that,  it moved above the SMA 9. However, gold is still trading near the the daily pivot point at $2940. If it holds above it, the price may target $2955 then $2970. On the other hand, if gold hold below the daily pivot point. it may drop toward $2923 then $2908.

writer

Highness

Feb 24, 2025
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technical_analysis_articles
EUR/USD moves with a bullish channel

EUR/USD opened today with a slightly rise as it gains positive momentuem. It is worth noting that the SMA 9 explains the mentioned rise, but the price still awaits some positive momentum to rise. If that momentum is found, the price may reach towards 1.05665 then 1.05960. It is important to mention that if the price manages to stay below the daily pivot point at 1.04925, it will push the price towards 1.04555 then 1.04290.

writer

Highness

Feb 24, 2025
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technical_analysis_articles
U.S index resumes bearish trend, targeting 105.890

US Dollar Index retreated during today's session, as it remained below the daily pivot point at 106.480. It is worth noting that the SMA 9 is inicating some negative signals, with the price moving below it on 1-hour chart. Meanwhile, the price is eyeing to resume bearish trend, targeting 105.890 then 105.680. On the other hand, if the dollar rises, it may reach 106.730 then 106.930.

writer

Highness

Feb 24, 2025
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technical_analysis_articles
Dow Jones waits more positive momentum

Dow Jones Index recorded a slight decline during today's trading, but it continues to move within a narrow range. The SMA 9 indicates that the price is losing momentum on the 1-hour chart. Meanwhile, gold is hovering around 44506, a stabilization above it could pave the way for an upward movement at 44752 then 44836. On the other hand, if the price declines, it may reach to 44375 then 44293.

writer

Highness

Feb 20, 2025
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technical_analysis_articles
Oil prices retreat as retesting trendline

Oil dropped today as it  moved below the SMA 9, inadittion, it losses some positive momentum.currently, oil is still hovering around the daily pivot point at $71.70. If the price stays above it, it could rises toward $72.35 then $72.60 per barrel. Conversely, if the price resumption dcline, it may reach toward $71.30 then $70.10 per barrel.

writer

Highness

Feb 20, 2025

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