Thursday 2nd November 2023: Technical Outlook and Review
The XAU/USD (Gold/US Dollar) chart currently exhibits a bearish overall momentum. However, there's a potential short-term bullish scenario in which the price could bounce off the 1st support at 1977.14, which is identified as an overlap support.
Tuesday 31st October 2023: Technical Outlook and Review
The DXY chart currently indicates a bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
Monday 30th October 2023: Technical Outlook and Review
The DXY chart currently exhibits bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
Friday 27th October 2023: Technical Outlook and Review
The chart for DXY (US Dollar Index) currently shows a bearish momentum, suggesting the potential for a bearish continuation towards the 1st support level at 106.02. This support level is considered significant as it aligns with a pullback support and coincides with the 61.80% Fibonacci Retracement level, making it a strong potential support zone.
Thurday 26th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits a bullish overall momentum, indicating the potential for a bullish continuation towards the 1st resistance level.
Friday 20th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently displays an overall neutral momentum, suggesting a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels. However, the Relative Strength Index (RSI) is displaying bullish divergence versus price, indicating the likelihood of a bullish move towards the 1st resistance level.
Thursday 19th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently displays a bullish overall momentum, suggesting the potential scenario of a bullish continuation towards the 1st resistance level.
Wednesday 18th October 2023: Technical Outlook and Review
The DXY chart currently exhibits bearish momentum, with the potential scenario of a bearish break below the 1st support level, targeting the 2nd support level.
Tuesday 17th October 2023: Technical Outlook and Review
The DXY chart currently exhibits a bullish momentum, suggesting the potential for a bullish bounce off the 1st support level and a move towards the 1st resistance.
