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Gold Buy Now 2320/18
SL 2314
TP 2424/2328/2332
Intraday: bullish bias above 2318.00.
XAU/USD may rise 7.00-13.00 USD
Our preference
Long positions above 2318.00 with targets at 2331.00 & 2337.00 in extension.
2345.00 Resistance
2337.00 Resistance..
2331.00 Resistance
2324.00 Last
2318.00 Pivot
2318.00 Support.
2311.00 Support..
2302.00 Support ...
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
Gold Buy Posttions 2325/ 2322
SL 2318
TP 2328/ 2333
Intraday: intraday support around 2323.00.
XAU/USD may rise 6.03 16.03 USD
Our preference
Long positions above 2323.00 with targets at 2334.00 & 2344.00 in extension.
2355.00 Resistance
2344.00 Resistance
2334.00 Resistance.
2327.97 Last
2323.00 Pivot
2323.00 Support.
2316.00 Support..
2306.00 Support
Comment
The RSI is below its neutrality area at 50% but reversing up.
Alternative scenario
Below 2323.00 look for further downside with 2316.00 & 2306 00 as targets
GOLD BUY NOW 2332 SL 2325
TP 2336
TP 2340/46
Intraday: further advance.
XAU/USD may rise 4.00-14.00 USD
Our preference
Long positions above 2327.00 with targets at 2341.00 & 2351.00 in extension.
2359.00 Resistance
2351.00 Resistance
2341.00 Resistance.
2337.00 Last
2327.00 Pivot
2327.00 Support.
2318.00 Support..
2311.00 Support...
Comment
The RSI is bullish and calls for further upside.
Alternative scenario
Below 2327.00 look for further downside with 2318.00 & 2311.00 as targets.
EURUSD BUY now
Tp 1.0760
Tp2 1.800
SL. 1.0720
Intraday: bullish bias above 1.0720.
EUR/USD may rise 24-44 pips
Our preference
Long positions above 1.0720 with targets at 1.0760 & 1.0780 in extension.
1.08000 Resistance
1.07800 Resistance
1.07600 Resistance.
1.07360 Last
1.07200 Pivot
1.07200 Support.
1.07050 Support..
1.06900 Support...
Comment
The RSI lacks downward momentum.
Alternative scenario
Below 1.0720 look for further downside with 1.0705 & 1.0690 as targets.
Gold Buy Now
TP 2335/2341/
SL 2322
Intraday: intraday support around 2324.00.
XAU/USD may rise 5.00-11.00 USD
Our preference
Long positions above 2324.00 with targets at 2335.00 & 2341.00 in extension.
2351.00 Resistance
2341.00 Resistance
2335.00 Resistance.
2330.00 Last
2324.00 Pivot
2324.00 Support.
2317.00 Support..
2307.00 Support
Comment
The RSI is above its neutrality area at 50%.
Alternative scenario
Below 2324.00 look for further downside with 2317.00 & 2307 00 as targets..
EURUSD Forecast
EURUSD had a volatile week, gaining over 114 pips just hours before Wednesday’s FOMC.
However, we knew the pair had confirmed a fakeout above its 2021 trend line the week before, and that 1.0860 was resistance.
The EURUSD came within 8 pips of that resistance level on Wednesday before dropping 180 pips at today’s low.
Despite Wednesday’s volatility, the price action this week is playing out as we might expect.
A sustained break below 1.0725 today flips that area to new resistance, but sellers should be aware of the November 2022 trend line at 1.0650 next week.
If EURUSD closes today above 1.0725, it would keep the level intact as support early next week.
Weekly Forex Forecast For June 17-21, 2024
DXY, EURUSD, GBPUSD, EURCAD, XAUUSD
Stay Tuned
XAUUSD tested the 2290.00 support and then rebounded to the 2310.00 level with a gradual uptrend. XAUUSD's first resistance line is formed at 2330.00, and if the initial resistance is breached upward, XAUUSD will be able to gain upward momentum toward the 2350.00 level. Conversely, if XAUUSD retests the 2290.00 support, the price may decline further toward the 2260.00 level.
Are you buying or selling?
GOLD DAILY SHORT ANALYSIS..
Intraday: turning down.
XAU/USD may fall 12.00-23.00 USD
Our preference
Short positions below 2313.00 with targets at 2288.00 & 2277.00 in extension.
2339.00 Resistance...
2325.00 Resistance
2313.00 Resistance.
2300.00 Last
2313.00 Pivot
2288.00 Support.
2277.00 Support..
2266.00 Support...
Comment
The RSI is bearish and calls for further decline.
Alternative scenario
Above 2313.00 look for further upside with 2325.00 & 2339.00 as targets.
GOLD DAILY SHORT ANALYSES.
Intraday: the downside prevails.
XAU/USD may fall 21.5530.55 USD
Our preference
Short positions below 2315.00 with targets at 2277.00 & 2268.00 in extension.
2357.00 Resistance...
2340.00 Resistance
2315.00 Resistance.
2298.55 Last
2315.00 Pivot
2277.00 Support.
2268.00 Support..
2246.00 Support
Comment
The RSI is mixed with a bearish bias.
Alternative scenario
Above 2315.00 look for further upside with 2340.00 & 2357.00 as targets.
