Technical Analysis (XAUUSD)

The price of gold (1st of June) was around 1907.0 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rose after the pullback as predicted yesterday (31st). It is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to continue rebounding after standing firmly on the middle band.

Currently, the short-swing upper resistance level lies between 1919.0~1921.0. The current support level lies between 1902.0~1904.0. Investors who wish to go long could consider buying between 1910.0~ 1912.0 in the short-term and setting the stop loss below 1907.0.

Technical Analysis (EURUSD):

The price of EUR/USD (1st of June) was around 1.22252 early today. Under 1-hour-chart technical analysis, the candlestick rebounded as predicted yesterday (31st). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it si likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.22600~1.22700. The current support level lies between 1.22000~1.22100. Investors who wish to go long could consider buying between 1.22250~1.22350 in the short-term and setting the stop loss below 1.22150.

Technical Analysis (GBPUSD):

The price of GBP/USD (1st of June)  was around 1.42060 early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed as predicted yesterday (31st). It is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards and expanding, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1.42700~1.42800. The current support level lies between 1.42100~1.42200. Investors who wish to go long could consider buying between 1.42300~1.42400 in the short-term and setting the stop loss below 1.42150.

Technical Analysis (AUDUSD):

The price of AUD/USD (1st of June) was around 0.77334 early today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply after fluctuating slightly yesterday (31st). 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 0.77900~0.77950. The current support level lies between 0.77300~0.77350. Investors who wish to go long could consider buying between 0.77550~0.77600 in the short-term and setting the stop loss below 0.77350.

Technical Analysis (USOUSD):

The price of USO/USD (1st of June)  was around 66.89 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded after making a small retracement yesterday (31st). 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 68.30~68.50. The current support level lies between 66.20~66.40. Investors who wish to go long could consider buying between 67.20~67.40 in the short-term and setting the stop loss below 66.90.

Technical Analysis (Nas100):

The NASDAQ (1st of June) was around 13663.4 this morning. Under 1-hour-chart technical analysis, the candlestick continued fluctuating slightly in the swing high yesterday (31st). The candlestick fluctuated around the middle Bollinger Band. It is likely to decline again after dropping below the middle band.

Currently, the short-swing upper resistance level lies between 13760.0~13780.0. The current support level lies between 13550.0~13570.0. Investors who wish to sell short could consider selling between 13680.0~13700.0 in the short-term and setting the stop loss above 13730.0.

Economic Calendar (1stof June)

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

 TimeCurrencyDataImportance
1.02:45CHYCaixin Manufacturing PMI (May)★★★
2.05:30AUDRBA Rate Statement  ★★★
3.05:30AUDRBA Interest Rate Decision (Jun)★★★
4.07:00GBPNationwide HPI (MoM) (May)★★
5.07:30CHFRetail Sales (YoY) (Apr)★★
6.08:50EURFrench Manufacturing PMI (May)★★
7.08:55EURGerman Manufacturing PMI (May)★★★
8.08:55EURGerman Unemployment Change (May)★★★
9.08:55EURGerman Unemployment Rate (May)★★
10.09:00EURManufacturing PMI (May)★★★
11.09:30GBPManufacturing PMI (May)★★★
12.10:00EURCPI (YoY) (May)  ★★★
13.10:00EURCPI, n.s.a (May)
14.10:00EURUnemployment Rate (Apr)★★
15.13:30CADGDP (MoM) (Mar)★★★
16.14:45USDManufacturing PMI (May)★★
17.15:00USDISM Manufacturing PMI (May)★★★
18.15:00USDConstruction Spending (MoM) (Apr)
19.15:30USDDallas Fed Mfg Business Index (May)

(Importance: maximum three stars★★★)

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