by Rami Abu-Draa | May 16, 2025 | Tecchnical Analysis
Gold managed to meet targets 3200 and 3250-60 yesterday. As we saw from the market, Gold managed to drop as the market kept trades below the resistance of 3250-60. Prices hit a low of 3154 today while as long as the market holds above the support zone of 3130-50,...
by Rami Abu-Draa | May 16, 2025 | Tecchnical Analysis
Crude Oil hit the targets of 61.50 and resistance 63.50 whilst dropping and closing again to support zone of 59.50-90. As we see over the chart and as long as the market holds above the support of 59.50-90, another advance wave toward 63.20-50 and 64.80 will be...
by Rami Abu-Draa | May 16, 2025 | Tecchnical Analysis
USDJPY managed to hit a correction today to hit a 144.90 low. As we see over the chart, the market could head again for another advance from the 145.40 support with the target and resistance zone at 148.20-60. Below 144.40-80 the market could head for a further drop...
by Rami Abu-Draa | May 16, 2025 | Tecchnical Analysis
The Pound printed a 1.3332 high today while we still hold our previous outlook as per yesterday. As long as the market holds below this resistance of 1.3360, another drop will be expected to test the 1.3200-20 zone while below this level more of a drop will be...
by Rami Abu-Draa | May 16, 2025 | Tecchnical Analysis
The Euro managed to print a 1.1065 low on Monday and rebounded towards the resistance zone at 1.1265. As we see over the chart, prices remain inside this trading zone. Above 1.1290 more advance toward 1.1380-1.1425 could hit the market. Below 1.1030 a further drop...
by David Kindley | May 16, 2025 | Tecchnical Analysis
Oil prices settled lower, with expectations for a US-Iran nuclear deal that could ease sanctions and release more barrels into the market. With gold jumping higher in yesterday’s session, we will see another rally towards $3300? Timestamps XAUUSD 00:35 WTI 01:45 Test...
