by Rami Abu-Draa | Jun 2, 2025 | Tecchnical Analysis
Gold managed to hit a rebound today to close again to the resistance zone at 3365-70. If the market holds below the resistance zone of 3365-70, another drop toward 3270 and 3245 will be expected. Above 3370 more advance toward 3415 could hit the market. SUPPORT...
by Rami Abu-Draa | Jun 2, 2025 | Tecchnical Analysis
Oil managed to hit high around 64.10 two weeks ago as prices tested the support zone of 59.50-90. As we see over the chart, prices face resistance around 64.80 and support around 59.50-90 which could keep the market inside this trading zone. Above 64.80 price action...
by Rami Abu-Draa | Jun 2, 2025 | Tecchnical Analysis
The Dow managed to hold above the support at 41850 and managed to move above 42435. As we see over the chart, the market managed to re-test the support zone of 41800-50 where as long as prices hold above it, a chance for another rebound toward 42600 could hit the...
by Rami Abu-Draa | Jun 2, 2025 | Tecchnical Analysis
GBPUSD indicators still show some drop pressure over the market, but as long as prices hold below 1.3595, the target will look towards the 1.3330-60 zone. Above 1.3595 a chance for a further advance toward 1.3735 could hit the market. SUPPORT RESISTANCE LEVEL1...
by Rami Abu-Draa | Jun 2, 2025 | Tecchnical Analysis
As we advised last week and as we see over our previous chart USDJPY managed to hold trades below resistance 144.45 where managed to activate another drop movement while managed today to print low around 142.75 As we see over the chart, market facing support around...
by Rami Abu-Draa | Jun 2, 2025 | Tecchnical Analysis
The Euro held above the support of 1.1300 and advanced toward the first target at 1.1390 and broke higher. Prices tested the resistance of 1.1440, as the first supports is are at 1.1380 and 1.1300, with the second target looking towards 1.1510 and above. Below...
