Technical Analysis (XAUUSD)

The price of gold (5th of August) was around 2018.5 USD/Ounces early today. Under 1-hour-chart technical analysis, it continued to fluctuate at the high point, then rose above 2000.0 USD/Ounces. Later, the buying power became stronger and finally skyrocketed to 2020.0 USD/Ounces. The candlestick currently pulls back from high. It is likely to rise again after a pullback.
Currently, the short-swing upper resistance level lies between 2035.0~2037.0. The current support level lies between 1998.0~2000.0. Investors who wish to go long could consider buying between 2003.0~2005.5 in the short-term and setting the stop loss below 2000.0.

xauusd

Technical Analysis (EURUSD):

The price of EUR/USD (5th of August) was around 1.17963 early today. Under 1-hour-chart technical analysis, it continued to rebound as predicted yesterday (4th). The candlestick currently bounces back and lies between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rise after a pullback.
Currently, the short-swing upper resistance level lies between 1.18550~1.18650. The current support level lies between 1.17700~1.17800. Investors who wish to go long could consider buying between 1.18100~1.18180 in the short-term and setting the stop loss below 1.17950.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (5th of August) was around 1.30646 early today. Under 1-hour-chart technical analysis, it dropped again after touching the resistance level as predicted yesterday (4th). The candlestick currently breaks through the resistance level of the descending channel, with the Bollinger Bands facing upwards. It is likely to rebound.
Currently, the short-swing upper resistance level lies between 1.31400~1.31500. The current support level lies between 1.30300~1.30400.
Investors who wish to go long could consider buying between 1.30700~1.30800 in the short-term and setting the stop loss below 1.30550.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (5th of August) was around 0.71578 early today. Under 1-hour-chart technical analysis, it rebounded after a correction as predicted yesterday (4th). The candlestick currently lies between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to continue rebounding.
Currently, the short-swing upper resistance level lies between 0.72150~0.72200. The current support level lies between 0.71550~0.71600
Investors who wish to go long could consider buying between 0.71800~0.71850 in the short-term and setting the stop loss below 0.71720.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (5th of August) was around 41.40 this morning. Under 1-hour-chart technical analysis, it surged after a correction as predicted yesterday (4th). The candlestick currently fluctuates slightly at the high point and it is possible to drop with a pullback. It is likely to decline after failing to rebound.

Currently, the short-swing upper resistance level lies between 41.70~41.80. The current support level lies between 40.60~40.70. Investors who wish to sell short could consider selling between 41.40~41.46 in the short-term and setting the stop loss above 41.55.

us oil

Technical Analysis (Nas100):

The NASDAQ (5th of August) was around 11064.7 this morning. Under 1-hour-chart technical analysis, the candlestick currently fluctuates at high in the consolidation zone, with the Bollinger Bands staying flat. There is a chance of failing to break above the high and then be followed by a pullback. It is likely to drop after breaking through the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 11150.0~11160.0. The current support level lies between 10990.0~11000.0. Investors who wish to sell short could consider selling between 11050.0~11070.0 in the short-term and setting the stop loss above 11130.0.

nas100 technical analysis

Economy Calendar (5th of August)

(Source: uk.investing.com)

 TimeDataImportance
1.21:30API Weekly Crude Oil Stock★★★
2.02:45Caixin Services PMI (Jul)★★★
3.08:50French Services PMI (Jul)★★★
4.08:55German Services PMI (Jul)★★★
5.09:00Services PMI (Jul)★★★
6.09:30Services PMI (Jul)★★★
7.10:00Retail Sales (MoM) (Jun)★★★
8.13:15ADP Nonfarm Employment Change (Jul)★★★★
9.13:30Trade Balance (Jun)★★★
10.14:45Markit Composite PMI (Jul)★★★
11.15:00ISM Non-Manufacturing PMI (Jul)★★★
12.15:30EIA Refinery Crude Runs (WoW)★★★★

(Importance: maximum five stars ★★★★★)

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