Highness Investment LLC provides Technical Analysis Articles to help you understand the world of trading and investment.
Gold opened week’s trading by hitting new record highs, noting that SMA 9 that support the chances of achieving more rise on the 4-hour chart. Meanwhile, gold is moving within a bullish channel, hovering near $2908, a stabilization above it may pushes gold toward upper line of channel at $2925. Conversely, If the price manages to stay below the daily pivot point at $2880, gold may decline towards $2857 then $2840.
Highness
Feb 10, 2025
The Dow Jones index recorded a notable rise during yesterday's trading after successfully holding above 44666, supported by the SMA 9, which is giving positive signals on the 1-hour chart. Currently, the price is hovering around 44826, its stability above this level could pave the way for further gains, starting at 45114 then 45185. On the other hand, if the price retraces, it may reach 44666 then 44584.
Highness
Feb 06, 2025
Oil saw a notable decline as it failed stayed below the daily pivot point at $71.45. However, it is still hovering around the SMA 9, aiming to stabilize below it. If it succeeds in breaking below $70.30, this could further impact the price, pushing it deeper into losses toward the main support level at $69.80 per barrel. On the other hand, if the price manages to rise, it could reach $72.20, then $72.65 per barrel.
Highness
Feb 06, 2025
Gold declined this morning after hitting a new peak during yesterday’s trading at $2882 , in addition to trading below the SMA 9. However, gold is still aiming to touch the pivot point at $2861. If it manages to break it, it could decline to $2841 then $2831 on the short term. On the other hand, if it manages to stay above the aforesaid pivot point, this could support the price to push it higher toward $2890 then $2900.
Highness
Feb 06, 2025
The EUR/USD pair experienced a slightly decline due to its failure to remained above the daily pivot point at 1.04235. The SMA 9 indicates some negative signals as the price is trading below it. However, it waits some positive momentum but, it don’t found it, may decline toward 1.03585 then 1.03375. It is worth noting that if the price manages to stay above the aforesaid pivot point, it may rise toward 1.04635, then 1.04875.
Highness
Feb 06, 2025
The US Dollar Index saw a slight increase during today’s session, due to its attempt to stabilized above the 9-period simple moving average. It is still fluctuating below the daily pivot point at 107.815 on the intraday timeframe, as it tries to maintain above it, targeting the first resistance level at 108.160 then 108.330. On the other hand, if the dollar loses its positive momentum, it may decline toward 107.060 then 106.850.
Highness
Feb 06, 2025
The S&P 500 index continues its attempt to rise as it stayed above the daily pivot point at 6003. Notably, holding above the SMA 9 could drive the price to achieve further gains, targeting 6069 then 6089. However, if the price loses positive momentum, it could decline toward 5970, which is a strong support level. If this level is broken, it could exert downward pressure on the price, starting a bearish wave toward 5952.
Highness
Feb 05, 2025
The Nasdaq Index showed positive trading during today’s session due to gaining positive momentum and stabilizing above the daily pivot point at 21422. As aiming to break through 21600. If the price succeeds in this, it could resume its main upward trend toward 21706 then 21796. On the other hand, if the price stabilizes below the aforesaid pivot point, it could push the index to decline toward 21263 then 21175.
Highness
Feb 05, 2025
The Dow Jones Index recorded a slight increase during today's trading after managing to stay above 44344, supported by the price trading above the SMA 9, which provides positive signals on the 1-hour chart. Meanwhile, the price is hovering around 44600, and if it remains above it, it could pave the way for further gains, starting at 44761 then 44909. On the other hand, if the price declines, it could drop toward 44100 then 43966.
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