by David Kindley | May 7, 2025 | Tecchnical Analysis
Gold fell more than 2% as China’s trade talks with the US look to be progressing. With Oil jumping higher, will the black gold head back towards $70 by the end of the month? Timestamps XAUUSD 00:35 WTI 01:45 Test your trading strategy on forex and stocks with Orbex...
by David Kindley | May 7, 2025 | Tecchnical Analysis
UK 100 (FTSE) bulls remain in the market The UK100 (FTSE) maintained its winning streak as it broke the 8500 level. The rally has put the index on track to test this year’s high. A continuation could signal a move to a new all-time high above 8900. However, bulls...
by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
The Dow managed to break above the resistance of 41100-200 last Friday. As we see over the chart, prices are facing Intraday supports around 40850 and 40600-50, where as long as the market holds above one of those supports, the advance wave could expand towards...
by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
Gold broke above 3280 last week and managed to meet the targets of 3320 and 3350. Gold began this week with an advance toward the resistance zone 3380-88. As we see over the chart, the market is facing a chance for another drop towards 3260-80. Intraday supports are...
by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
Crude Oil held below the resistance of 59.90-60.25 and closed towards the target and support zone of 54.90, printing a 55.20 low. As long as the market remains below 59.90-60.25, the pressure could sustain over the market for another drop swing to try to break below...
by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
USDJPY fell below the support of 144.00 last week and below this level more pressure could affect market. As we see over the Intraday chart, the market is facing resistance around 144.40, where as long as prices hold below it, more of a drop will be expected to test...
