Technical Analysis (XAUUSD)

The price of gold (24th of August) was around 1939.7 USD/Ounces early today. Under 1-hour-chart technical analysis, the candlestick currently lies between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to decline again after rebounding toin the resistance zone.

Currently, the short-swing upper resistance level lies between 1946.0~1948.0. The current support level lies between 1910.0~1912.0. Investors who wish to sell short could consider selling between 1932.0~1935.0 in the short-term and setting the stop loss above 1939.5.

gold

Technical Analysis (EURUSD):

The price of EUR/USD (24th of August) was around 1.17947 early today. Under 1-hour-chart technical analysis, the candlestick currently has a small rally to the middle Bollinger Band and forms there is an Elliot Wave Principle looking bearish signal according to Elliot Wave Principlealong with a small bounce back near the middle Bollinger Band. It is likely to drop again after rebounding toin the resistance zone.

Currently, the short-swing upper resistance level lies between 1.18400~1.18500. The current support level lies between 1.17600~1.17700. Investors who wish to sell short could consider selling between 1.18150~1.18250 in the short-term and setting the stop loss above 1.18350.

Technical Analysis (GBPUSD):

The price of GBP/USD (24th of August) was around 1.30881 early today. Under 1-hour-chart technical analysis, the candlestick currently has a small rebound from the bottom made after a large pulled back with small rebound at the bottom, with the Bollinger Bands contracting. It is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.31600~1.31700. The current support level lies between 1.30600~1.30700.

Investors who wish to go long could consider buying between 1.30900~1.30999 in the short-term and setting the stop loss below 1.30750.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (24th of August) was around 0.71601 early today. Under 1-hour-chart technical analysis, the candlestick is pulling back after a surge and forming a currently displayed as W-shape pattern at the bottom after the surge. It is, lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rebound again after pullback.

Currently, the short-swing upper resistance level lies between 0.72100~0.72150. The current support level lies between 0.71350~0.71400.

Investors who wish to go long could consider buying between 0.71680~0.71750 in the short-term and setting the stop loss below 0.71540.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (24th of August) was around 42.40 this morning. Under 1-hour-chart technical analysis, there is a large descending channel formation, the candlestick is currently bounced bouncing to the upper resistance zone, but the Bollinger Bands continue to facinge downwards and expanding. It is likely to drop again after failing to rebound.

Currently, the short-swing upper resistance level lies between 42.50~42.60. The current support level lies between 41.40~41.50. Investors who wish to sell short could consider selling between 42.20~42.30 in the short-term and setting the stop loss above 42.46.

us oil

Technical Analysis (Nas100):

The NASDAQ (24th of August) was around 11583.0 this morning. Under 1-hour-chart technical analysis, it continued to rise after a pullback as predicted last Friday (21st). The candlestick currently lies between the middle and upper Bollinger Bands, with the bands continue to face upwards. It is likely to rise again after pullback.

Currently, the short-swing upper resistance level lies between 11690.0~11700.0. The current support level lies between 11450.0~11460.0. Investors who wish to go long could consider buying between 11540.0~11560.0 in the short-term and setting the stop loss below 11510.0.

nas100 (nasdaq)

Economic Calendar (24th of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.13:30USDChicago Fed National Activity (Jul)

(Importance: maximum three stars ★★★)

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