Forex Traders Portal

Gold is trading around $5,183 with an upward bias and has been consolidating in this area since February 23, after gold reached $5,260. The outlook remains positive for XAU/USD. However...

Crude oil is expected to continue falling in the coming days until it reaches the 200 EMA, a level that coincides with the lower band of the uptrend channel around...

If gold falls below $5,180, we could expect the formation of a technical reversal pattern called a symmetrical triangle. Hence, we could see gold reach the lower band...

If gold falls below $5,143 in the coming hours, we could expect the downward movement to continue, and it could reach the psychological level of $5,000, which also coincides with...

If gold consolidates above $5,150 in the coming hours, it could be seen as a positive sign, and the instrument could return to resistance levels around $5,250. Finally, gold...

[Natural Gas] With all technical conditions of Natural Gas which indicates weakness, #NG has the potential today to weaken down toward its nearest support level. Key Levels 1. Resistance...

The 61.8% Finonacci retracement represents a continuation of the bearish cycle that might span from $5,600 to $4,400, so this level is likely to be a key point for bears...

If the downward pressure prevails, oil is expected to fall to the lower band of the bullish channel located at 62.50. This level could be seen as a good point...

Gold trading around $5,021 with an upward bias above the 8/8 Murray, above the 21 SMA, and above the 200 EMA. The outlook is that XAU/USD could reach $5,100...

On the contrary, if crude oil falls below the 6/8 Murray, we could expect the bearish cycle to resume; hence, the price may return to the 4/8 Murray support levels...