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.
Thursday 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.
Wednesday 25th October 2023: Technical Outlook and Review
The DXY chart currently maintains a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level.
Tuesday 24th October 2023: Technical Outlook and Review
The EUR/USD chart currently has a bullish overall momentum, and there is a potential scenario for a bullish continuation towards the 1st resistance level.
Monday 23rd October 2023: Technical Outlook and Review
The EUR/USD chart currently exhibits a bearish momentum, with price positioned below the bearish Ichimoku cloud. There's a potential scenario where price could experience a bearish reaction off the 1st resistance and drop towards the 1st support.
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.
