Technical Analysis (XAUUSD)

The price of gold (24th of May) was around 1882.0 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back after fluctuating slightly last Friday (21st). It is currently rebounding and fluctuating around the middle Bollinger Band. The bands are contacting, so it is likely to drop again after dropping below the middle band.

Currently, the short-swing upper resistance level lies between 1896.0~1898.0. The current support level lies between 1862.0~1864.0. Investors who wish to sell short could consider selling between 1890.0~1892.0 in the short-term and setting the stop loss above 1896.0.

Technical Analysis (EURUSD):

The price of EUR/USD (24th of May) was around 1.21781 early today. Under 1-hour-chart technical analysis, the candlestick plummeted last Friday (21st). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 1.22400~1.22500. The current support level lies between 1.21000~1.21100. Investors who wish to sell short could consider selling between 1.21800~1.21950 in the short-term and setting the stop loss above 1.22100.

Technical Analysis (GBPUSD):

The price of GBP/USD (24th of May) was around 1.41504 early today. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted last Friday (21st). It is currently forming a bearish pattern. The Bollinger Bands are facing downwards, so it is likely to continue dropping after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.42000~1.42100. The current support level lies between 1.40900~1.41000. Investors who wish to sell short could consider selling between 1.41500~1.41600 in the short-term and setting the stop loss above 1.41750.

Technical Analysis (AUDUSD):

The price of AUD/USD (24th of May) was around 0.77266 early today. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted last Friday (21st). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.77750~0.77800. The current support level lies between 0.76900~0.76950. Investors who wish to sell short could consider selling between 0.77400~0.77500 in the short-term and setting the stop loss above 0.77600.

Technical Analysis (USOUSD):

The price of USO/USD (24th of May) was around 63.68 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded after pulled back slightly last Friday (21st). It is currently lying above the middle 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 65.00~65.20. The current support level lies between 62.30~62.50. Investors who wish to go long could consider buying between 63.60~63.80 in the short-term and setting the stop loss below 63.20.

Technical Analysis (Nas100):

The NASDAQ (24th of May) was around 13387.6 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after fluctuating slightly in the swing high last Friday (21st). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 13570.0~13590.0. The current support level lies between 13200.0~13220.0. Investors who wish to sell short could consider selling between 13440.0~13470.0 in the short-term and setting the stop loss above 13510.0.

Economic Calendar (24th of May)

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

 TimeCurrencyDataImportance
1.13:30USDChicago Fed National Activity (Apr)

(Importance: maximum three stars★★★)

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