Technical Analysis (XAUUSD)

The price of gold (10th of May) was around 1832.4 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rose sharply last Friday (7th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1839.0~1841.0. The current support level lies between 1812.0~1814.0. Investors who wish to go long could consider buying between 1830.0~1832.0 in the short-term and setting the stop loss below 1826.0.

Technical Analysis (EURUSD):

The price of EUR/USD (10th of May) was around 1.21665 early today. Under 1-hour-chart technical analysis, the candlestick rose sharply as predicted last Friday (7th). It is currently fluctuating slightly in the swing high after breaking out the swing high, so it is likely to pullback from high.

Currently, the short-swing upper resistance level lies between 1.21700~1.21800. The current support level lies between 1.20900~1.21000. Investors who wish to sell short could consider selling between 1.20500~1.20600 in the short-term and setting the stop loss above 1.20750.

Technical Analysis (GBPUSD):

The price of GBP/USD (10th of May) was around 1.39997 early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed last Friday (7th). It is currently fluctuating slightly after breaking out the swing high, so it is likely to pullback from high.

Currently, the short-swing upper resistance level lies between 1.40400~1.40500. The current support level lies between 1.39700~1.39800. Investors who wish to sell short could consider selling between 1.40200~1.40300 in the short-term and setting the stop loss above 1.40450.

Technical Analysis (AUDUSD):

The price of AUD/USD (10th of May) was around 0.78479 early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed as predicted last Friday (7th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 0.78700~0.78750. The current support level lies between 0.77900~0.77950. Investors who wish to go long could consider buying between 0.78200~0.78250 in the short-term and setting the stop loss below 0.78100.

Technical Analysis (USOUSD):

The price of USO/USD (10th of May) was around 65.37 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back again after rebounding to the resistance level as predicted last Friday (7th). It is currently rebounding and lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 66.40~66.60. The current support level lies between 64.20~64.40. Investors who wish to go long could consider buying between 65.40~65.60 in the short-term and setting the stop loss below 65.20.

Technical Analysis (Nas100):

The NASDAQ (10th of May) was around 13725.0 this morning. Under 1-hour-chart technical analysis, the candlestick continued rebounding as predicted last Friday (7th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 13850.0~13870.0. The current support level lies between 13630.0~13650.0. Investors who wish to go long could consider buying between 13740.0~13760.0 in the short-term and setting the stop loss below 13700.0.

Economic Calendar (10th of May)

(Source: uk.investing.com: https://uk.investing.com/economic-calendar/)

 TimeCurrencyDataImportance
1.08:30GBPHalifax House Price Index (MoM) (Apr)★★
2.09:30EURSentix Investor Confidence (May)

(Importance: maximum three stars★★★)

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