Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (24th of December) reveals was around 1872.9 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted yesterday (23rd), it is currently rebounding and standing between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1884.0~1886.0. The current support level lies between 1865.0~1867.0. Investors who wish to go long could consider buying between 1872.0~1874.0 in the short-term and setting the stop loss below 1869.5.

Forex Trading Market Analysis for Gold
Forex Trading Market Analysis for Gold

Technical Analysis (EURUSD):

The price of EUR/USD (24th of December) was around 1.21895 early today. Under 1-hour-chart technical analysis, it rebounded after a pullback as predicted yesterday (23rd), the candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1.22300~1.22400. The current support level lies between 1.21700~1.21800. Investors who wish to go long could consider buying between 1.22000~1.22050 in the short-term and setting the stop loss below 1.21900.

Forex Trading Technical Analysis for EURUSD
Forex Trading Technical Analysis for EURUSD

Technical Analysis (GBPUSD):

The price of GBP/USD (24th of December) was around 1.34989 early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (23rd), the candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1.36200~1.36400. The current support level lies between 1.34400~1.34600. Investors who wish to go long could consider buying between 1.35150~1.35250 in the short-term and setting the stop loss below 1.34950.

Forex Trading Technical Analysis for GBPUSD
Forex Trading Technical Analysis for GBPUSD

Technical Analysis (AUDUSD):

The price of AUD/USD (24th of December) was around 0.75725 early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (23rd), the candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 0.76150~0.76200. The current support level lies between 0.75600~0.75650. Investors who wish to go long could consider buying between 0.75800~0.75850 in the short-term and setting the stop loss below 0.75720.

Forex Trading Technical Analysis for AUDUSD
Forex Trading Technical Analysis for AUDUSD

Technical Analysis (USOUSD):

The price of USO/USD (24th of December) was around 47.90 this morning. Under 1-hour-chart technical analysis, it rebounded sharply after touching the bottom yesterday (23rd). The candlestick is currently lying above the middle Bollinger Band. The bands are facing upwards and expanding, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 49.10~49.20. The current support level lies between 47.40~47.50. Investors who wish to go long could consider buying between 47.90~48.05 in the short-term and setting the stop loss below 47.75.

Forex Trading Technical Analysis for US Oil
Forex Trading Technical Analysis for US Oil

Technical Analysis (Nas100):

The NASDAQ (24th of December) was around 12674.3 this morning. Under 1-hour-chart technical analysis, it declined sharply after rebounding to the resistance level as predicted yesterday (23rd). The candlestick is currently rebounding and lying below the middle Bollinger Band. The bands continue facing downwards, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 12740.0~12760.0. The current support level lies between 12600.0~12620.0. Investors who wish to sell short could consider selling between 12710.0~12730.0 in the short-term and setting the stop loss above 12760.0.

Forex Trading Market Analysis for NASDAQ
Forex Trading Market Analysis for NASDAQ

Economic Calendar (24th of December)

(Source: uk.investing.com)

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