Technical Analysis (XAUUSD)

The price of gold (13th of August) was around 1915.4 USD/Ounces early today. Under 1-hour-chart technical analysis, it rebounded sharply from the bottom as predicted yesterday (12th). The candlestick is currently pulling back from high and lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rise again after correction.

Currently, the short-swing upper resistance level lies between 1953.0~1955.0. The current support level lies between 1908.0~1910.0. Investors who wish to go long could consider buying between 1933.0~1935.0 in the short-term and setting the stop loss below 1929.5.

XAUUSD

Technical Analysis (EURUSD):

The price of EUR/USD (13th of August) was around 1.17841 early today. Under 1-hour-chart technical analysis, the candlestick broke through the descending channel and it is currently lying above the middle Bollinger Band, with the band faces upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1.18450~1.18550. The current support level lies between 1.17800~1.17900. Investors who wish to go long could consider buying between 1.18000~1.18050 in the short-term and setting the stop loss below 1.17900.

EURUSD

Technical Analysis (GBPUSD):

The price of GBP/USD (13th of August) was around 1.30300 early today. Under 1-hour-chart technical analysis, after the candlestick fluctuated in the bottom, it lies above the middle Bollinger Band with the band facing upwards. It is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.30900~1.31000. The current support level lies between 1.30200~1.30300.
Investors who wish to go long could consider buying between 1.30580~1.30630 in the short-term and setting the stop loss below 1.30450.

GBPUSD

Technical Analysis (AUDUSD):

The price of AUD/USD (13th of August) was around 0.71587 early today. Under 1-hour-chart technical analysis, it rose after a pullback as predicted yesterday (12th). The candlestick currently lies between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 0.71850~0.71900. The current support level lies between 0.71200~0.71250.
Investors who wish to go long could consider buying between 0.71540~0.71580 in the short-term and setting the stop loss below 0.71480.

AUDUSD

Technical Analysis (USOUSD):

The price of USO/USD (13th of August) was around 42.46 this morning. Under 1-hour-chart technical analysis, the candlestick stays bullish, with the Bollinger Bands continuing facing upwards. It is likely to rise after a small retracement.

Currently, the short-swing upper resistance level lies between 43.00~43.10. The current support level lies between 41.50~41.60. Investors who wish to go long could consider buying between 42.45~42.50 in the short-term and setting the stop loss below 42.25.

US OIL

Technical Analysis (Nas100):

The NASDAQ (13th of August) was around 11122.3 this morning. Under 1-hour-chart technical analysis, it rebounded sharply and broke out the upper resistance level of the descending channel as predicted yesterday (12th), with the Bollinger Bands facing upwards. It is likely to rise again after a pullback from high.

Currently, the short-swing upper resistance level lies between 11190.0~11200.0. The current support level lies between 11010.0~11020.0. Investors who wish to go long could consider buying between 11090.0~11100.0 in the short-term and setting the stop loss below 11070.0.

NAS100

Economic Calendar (13th of August)

(Source: uk.investing.com: )

 TimeCurrencyDataImportance
1.02:30AUDUnemployment Rate (Jul)★★
2.06:30EURFrench Unemployment Rate (Q2)
3.07:00EURGerman CPI (MoM) (Jul)★★
4.13:30USDInitial Jobless Claims★★★
5.13:30USDImport Price Index (YoY)
6.15:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)  

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