Technical Analysis (XAUUSD)

The price of gold (25th of May) was around 1880.6 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back after fluctuating slightly in the swing high as predicted yesterday (24th). It is currently rebounding and 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 1886.0~1888.0. The current support level lies between 1854.0~1856.0. Investors who wish to sell short could consider selling between 1874.0~1877.0 in the short-term and setting the stop loss above 1881.0.

Technical Analysis (EURUSD):

The price of EUR/USD (25th of May) was around 1.22157 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after making a small retracement yesterday (24th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.22500~1.22600. The current support level lies between 1.21700~1.21800. Investors who wish to go long could consider buying between 1.22100~1.22200 in the short-term and setting the stop loss below 1.22000.

Technical Analysis (GBPUSD):

The price of GBP/USD (25th of May) was around 1.41525 early today. Under 1-hour-chart technical analysis, after the candlestick pulled back yesterday (24th), it rebounded. The candlestick is currently forming a bullish pattern. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.42100~1.42200. The current support level lies between 1.41000~1.41100. Investors who wish to go long could consider buying between 1.41600~1.41700 in the short-term and setting the stop loss below 1.41450.

Technical Analysis (AUDUSD):

The price of AUD/USD (25th of May) was around 0.77509 early today. Under 1-hour-chart technical analysis, the candlestick rebounded after making a small retracement yesterday (24th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding after breaking out the upper 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 go long could consider buying between 0.77400~0.77500 in the short-term and setting the stop loss below 0.77330.

Technical Analysis (USOUSD):

The price of USO/USD (25th of May) was around 63.68 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again after making a small retracement as predicted yesterday (24th). It is currently lying above the middle Bollinger Band. The bands continue facing upwards and expanding, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 66.80~67.00. The current support level lies between 64.60~64.80. Investors who wish to go long could consider buying between 65.80~66.00 in the short-term and setting the stop loss below 65.50.

Technical Analysis (Nas100):

The NASDAQ (25th of May) was around 13660.2 this morning. Under 1-hour-chart technical analysis, the candlestick skyrocketed after the pullback yesterday (24th). It 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 13790.0~13810.0. The current support level lies between 13500.0~13520.0. Investors who wish to go long could consider buying between 13650.0~13670.0 in the short-term and setting the stop loss below 13610.0.

Economic Calendar (25th of May)

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

 TimeCurrencyDataImportance
1.00:00EURGerman GDP (QoQ) (Q1)★★
2.02:00EURGerman Ifo Business Climate Index (May)★★★
3.03:00GBPCBI Distributive Trades Survey (May)
4.07:00USDHouse Price Index (MoM) (Mar)
5.07:00USDS&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar)★★
6.08:00USDNew Home Sales (MoM) (Apr)★★
7.08:00USDCB Consumer Confidence (May)★★★
8.08:00USDRichmond Manufacturing Index (May)

(Importance: maximum three stars★★★)

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