Technical Analysis (XAUUSD)

The price of gold (4th of June) was around 1870.3 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (3rd). 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 1885.0~1888.0. The current support level lies between 1855.0~1858.0. Investors who wish to sell short could consider selling between 1875.0~1878.0 in the short-term and setting the stop loss above 1881.0.

Technical Analysis (EURUSD):

The price of EUR/USD (4th of June) was around 1.21263 early today. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (3rd). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.21600~1.21700. The current support level lies between 1.20800~1.20900. Investors who wish to sell short could consider selling between 1.21300~1.21400 in the short-term and setting the stop loss above 1.21550.

Technical Analysis (GBPUSD):

The price of GBP/USD (4th of June) was around 1.41015 early today. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (3rd). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.41300~1.41400. The current support level lies between 1.40400~1.40500. Investors who wish to sell short could consider selling between 1.41100~1.41200 in the short-term and setting the stop loss above 1.41350.

Technical Analysis (AUDUSD):

The price of AUD/USD (4th of June) was around 0.76586 early today. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (3rd). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.77000~0.77100. The current support level lies between 0.76200~0.76300. Investors who wish to sell short could consider selling between 0.76700~0.76800 in the short-term and setting the stop loss above 0.76900.

Technical Analysis (USOUSD):

The price of USO/USD (4th of June) was around 68.77 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back after surging to the resistance level yesterday (3rd). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likley to continue falling.

Currently, the short-swing upper resistance level lies between 69.10~69.30. The current support level lies between 67.30~67.50. Investors who wish to sell short could consider selling between 68.50~68.70 in the short-term and setting the stop loss above 68.90.

Technical Analysis (Nas100):

The NASDAQ (4th of June) was around 13534.2 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after dropping below the lower support level yesterday (3rd). 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 13580.0~13600.0. The current support level lies between 13360.0~13380.0. Investors who wish to sell short could consider selling between 13510.0~13530.0 in the short-term and setting the stop loss above 13560.0.

Economic Calendar (4th of June)

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

 TimeCurrencyDataImportance
1.10:00EUR  Retail Sales (MoM) (Apr)★★
2.13:30CAD  Employment Change (May)★★★
3.13:30USD  Unemployment Rate (May)★★
4.13:30USD  Nonfarm Payrolls (May)★★★
5.15:00USD  Factory Orders (MoM) (Apr)★★

(Importance: maximum three stars★★★)

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