by David Kindley | Aug 7, 2025 | Tecchnical Analysis
The dollar moved lower as a heavy miss in the Services PMI saw price action fall. On the flip side, gold looks for another spring higher as the $3400 level is in sight. Timestamps DXY 00:30 XAUUSD 01:50 Test your trading strategy on forex and stocks with Orbex OPEN...
by David Kindley | Aug 7, 2025 | Tecchnical Analysis
(US30) Dow pushing higher The (US30) Dow jumps as earnings continue to outperform, as Donald Trump prepares his next tariff agenda. The index is still striving after lifting the key resistance of 44000. A fall below that level will put the short-term bulls on the...
by Rami Abu-Draa | Aug 6, 2025 | Tecchnical Analysis
Gold hit the target of 3385 again yesterday while prices managed today to drop further. As we see over the Intraday chart, prices still face supports around 3352-53 and 3335 and one of those supports can give another chance for another advance toward 3400. Below 3335...
by Rami Abu-Draa | Aug 6, 2025 | Tecchnical Analysis
The Dow closed to the resistance zone of 44380-400 today, which if managed to hold below it, another drop back could hit the market toward the 43050-300 zone. Above 44400 more advance will be expected with resistances around 44750-800 and 45100. SUPPORT RESISTANCE...
by Rami Abu-Draa | Aug 6, 2025 | Tecchnical Analysis
Crude Oil fell below the support of 67.50 which could push for a further drop. As we see over the chart the market stilll facing the previous support at 63.70 which could create a trading zone towards 67.40. The market managed yesterday to test the first support at...
by Rami Abu-Draa | Aug 6, 2025 | Tecchnical Analysis
USDJPY hit a rebound toward 147.87 while the market still holds below the resistance of 148.00-20. As we see over the Intraday chart, prices still hold below the resistance of 148.00-20 where as long as the market remains below it, another drop is likely with support...
