The movement of XAUUSD towards the 4569.0298 price line is yet another test of a line it has reached numerous times in the past. We can expect this test to occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply rebound to current levels.
XAUUSD has broken through a support line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 7 days. This suggests a possible target around 4257.3154 within the next 2 days.
USDJPY has broken through the resistance line of a Triangle technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 10 days, which suggests a possible target around 160.0510 within the […]
S&P500 is moving toward a key support level at 6530.6899. This level has been tested before for S&P500. This may present a good trading opportunity either at the spot price or after a breakout through this level.
LTCUSD has broken through a support line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 7 days. This suggests a possible target around 54.2660 within the next 2 days.
NGC/USD is approaching the line at 2.9465. If this move continues, the price of NGC/USD could test 2.9465 within the next 8 hours. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.
An emerging Channel Down pattern has been detected for NAS100 on the 4 hour chart. There may be a move toward 23193.4483 in the next few candles. Once it reaches the support, it may continue its bearish run or revert to current price levels.
BRN/USD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 2 days and may test it again within the next 8 hours.
