Technical Analysis (XAUUSD)

The price of gold (2nd of June) was around 1900.2 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply after the surge yesterday (1st). It is currently lying below the middle Bollinger Band. 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 1906.0~1909.0. The current support level lies between 1888.0~1891.0. Investors who wish to sell short could consider selling between 1901.0~1903.0 in the short-term and setting the stop loss above 1906.0.

Technical Analysis (EURUSD):

The price of EUR/USD (2nd of June) was around 1.22134 early today. Under 1-hour-chart technical analysis, the candlestick pulled back after the surge yesterday (1st). 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 1.22500~1.22600. The current support level lies between 1.21800~1.21900. Investors who wish to sell short could consider selling between 1.22250~1.22350 in the short-term and setting the stop loss above 1.22500.

Technical Analysis (GBPUSD):

The price of GBP/USD (2nd of June) was around 1.41479 early today. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (1st). It is currently lying between the middle and lower Bollinger Bands. The 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 1.41800~1.41900. The current support level lies between 1.41100~1.41200. Investors who wish to sell short could consider selling between 1.41600~1.41700 in the short-term and setting the stop loss above 1.41850.

Technical Analysis (AUDUSD):

The price of AUD/USD (2nd of June) was around 0.77482 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after the pullback yesterday (1st). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after standing firmly on the middle band.

Currently, the short-swing upper resistance level lies between 0.77850~0.77900. 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 0.77480.

Technical Analysis (USOUSD):

The price of USO/USD (2nd of June) was around 67.88 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after the surge yesterday (1st). It is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 68.50~68.80. The current support level lies between 66.50~66.80. Investors who wish to sell short could consider selling between 67.90~68.10 in the short-term and setting the stop loss above 68.40.

Technical Analysis (Nas100):

The NASDAQ (2nd of June) was around 13650.2 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back sharply after fluctuating in the swing high as predicted yesterday (1st). It is currently fluctuating below the middle Bollinger Band, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 13700.0~13730.0. The current support level lies between 13550.0~13580.0. Investors who wish to sell short could consider selling between 13660.0~13690.0 in the short-term and setting the stop loss above 13720.0.

Economic Calendar (2ndof June)

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

 TimeCurrencyDataImportance
1.02:30AUD  GDP (YoY) (Q1)★★
2.09:30GBPMortgage Approvals (Apr)
3.10:00EURPPI (MoM) (Apr)  

(Importance: maximum three stars★★★)

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