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xauusd bearish for all day.
Gold price’s rise stopped at 23.6% Fibonacci correction level that formed solid resistance at 1660.00, to start today with bearish bias that hints the satisfaction by yesterday’s rise and head to resume the main bearish trend, on its way to achieve negative targets that start at 1638.00 followed by visiting yesterday recorded low at 1614.80. Therefore, the bearish bias will be suggested for today, supported by the negative overlapping signal provided by stochastic, noting that breaching 1660.00 will stop the negative scenario and push the price to achieve additional bullish correction that its next target reaches 1686.40. The expected trading range for today is between 1625.00 support and 1670.00 resistance. The expected trend for today: Bearish
6 Month Oil Bull (9/29/2022)
First chart. Forward range between 80 low and 120 high. Buy when stochastic is moving above 20 and sell when above 80%. Buys stocks or try option for canadian oil and gas holdings.
XAUUSD intraday trading.
Gold price provided temporary negative trades to test the key support base 1660.00, and the EMA50 meets this level to add more strength to it, while stochastic begins to provide positive overlapping signals now. Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 1686.40, noting that breaking 1660.00 will stop the correctional bullish scenario and press on the price to decline again. The expected trading range for today is between 1650.00 support and 1686.00 resistance. SQCAPITAL01
xauusd bearish for all day.
Gold price’s rise stopped at 23.6% Fibonacci correction level that formed solid resistance at 1660.00, to start today with bearish bias that hints the satisfaction by yesterday’s rise and head to resume the main bearish trend, on its way to achieve negative targets that start at 1638.00 followed by visiting yesterday recorded low at 1614.80. Therefore, the bearish bias will be suggested for today, supported by the negative overlapping signal provided by stochastic, noting that breaching 1660.00 will stop the negative scenario and push the price to achieve additional bullish correction that its next target reaches 1686.40. The expected trading range for today is between 1625.00 support and 1670.00 resistance. The expected trend for today: Bearish
6 Month Oil Bull (9/29/2022)
First chart. Forward range between 80 low and 120 high. Buy when stochastic is moving above 20 and sell when above 80%. Buys stocks or try option for canadian oil and gas holdings.
XAUUSD intraday trading.
Gold price provided temporary negative trades to test the key support base 1660.00, and the EMA50 meets this level to add more strength to it, while stochastic begins to provide positive overlapping signals now. Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 1686.40, noting that breaking 1660.00 will stop the correctional bullish scenario and press on the price to decline again. The expected trading range for today is between 1650.00 support and 1686.00 resistance. SQCAPITAL01
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