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Gold (XAUUSD) Technical Analysis, July 21 2023 This week, we see that the rise in the US10Y and the dollar index has placed the ounce price of gold under pressure. Technically, the ounce price of gold has bounced back from 1985, its resistance level and to slump down to around 1960. At this...

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Gold (XAUUSD) Technical Analysis, July 3 2023 As a result of the rise in the US 10-year interest rates and the dollar index, we see that the pressure on the ounce price of gold continues. After testing 1900 last week, there has been a recovery, but the general trend does not seem to change...

EURUSD Technical Analysis, June 26th, 2023 Today, PMI data from Germany and the Euro Zone gave out very negative signals for the economy. Manufacturing PMI 43.5 was expected in Germany, while 41.0 was announced. In the Euro Zone, manufacturing PMI came in as 43.6, while 44.8 was the expected...

Gold (XAUUSD) Technical Analysis, June 16th 2023 Gold, which tested 1930 gold yesterday in the earlier trading hours, started to rise again with the effect of the pullback in US10Y. The broad picture tells us that gold has been going back and forth between certain levels for over a month...

Crude Oil (WTI) Technical Analysis, May 30th, 2023 On the oil front, there were important developments on the day when the markets were closed. Oil prices rose at the start of the new week after Saudi Arabia promised deep production cuts in July and OPEC+ agreed to extend supply cuts until...

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Crude Oil (WTI) Technical Analysis, May 30th, 2023 Oil hasn’t had much in the way of news or developments lately. As a result, we do not see a clear movement in pricing, either; with fluctuations up and down in the instrument. At this stage, technical level monitoring will suffice. We are...

DOW JONES (US30) Technical Analysis The Dow index lagged behind other US stock markets, comparatively. At this stage, we can say that downside risk is at the forefront. As long as it remains below our technical downtrend resistance of 34,000, the direction will be down. Possible rises may...

NASDAQ (US100) Technical Analysis The Nasdaq index rose especially sharply on Friday as a result of the close to agreement on the debt ceiling limit in the USA and the sharp rises in the shares of NVIDIA. There is no movement today due to the US being closed. It seems likely that there will...

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Gold (XAUUSD) Technical Analysis, May 17th, 2023 Recently, there has been an increase in the dollar index and bond yields. As this situation dragged down the FX pairs, it started to have a downward effect on the ounce of gold, albeit with a delayed reaction. Technical level monitoring will...

EURUSD Technical Analysis, May 15th, 2023 The negative trend that kicked off from 1.1030 to regress to 1.0840 is still prevalent. Today, industrial production data from the Euro Zone showed a contraction of 4.1%, above the expectation of 2.5%, giving a weak signal for the economy. In the US...

Crude Oil (WTI) Technical Analysis Crude oil, which was traded at $ 83.50 in mid-April, dropped to $ 63 at the beginning of May, and then tested above $ 73 with the recovery. In the aftermath of this volatility, we think there will be some opportunities within the current technical outlook...