Technical Analysis (XAUUSD)

The price of gold (8th of June) was around 1898.9 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rebounded again yesterday (7th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to surge again after a pullback.

Currently, the short-swing upper resistance level lies between 1910.0~1912.0. The current support level lies between 1882.0~1884.0. Investors who wish to go long could consider buying between 1893.0~1895.0 in the short-term and setting the stop loss below 1890.0.

Technical Analysis (EURUSD):

The price of EUR/USD (8th of June) was around 1.21901 early today. Under 1-hour-chart technical analysis, the candlestick rebounded after a slump yesterday (7th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to move higher after a retracement.

Currently, the short-swing upper resistance level lies between 1.22100~1.22200. The current support level lies between 1.21400~1.21500. Investors who wish to go long could consider buying between 1.21800~1.21900 in the short-term and setting the stop loss below 1.21650.

Technical Analysis (GBPUSD):

The price of GBP/USD (8th of June) was around 1.41784 early today. Under 1-hour-chart technical analysis, the candlestick rose after a slight decline yesterday (7th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue to going up.

Currently, the short-swing upper resistance level lies between 1.42100~1.42200. The current support level lies between 1.41100~1.41200. 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 (8th of June) was around 0.77538 early today. Under 1-hour-chart technical analysis, the candlestick soared up yesterday (7th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after pulling back.

Currently, the short-swing upper resistance level lies between 0.77800~0.77850. The current support level lies between 0.77200~0.77250. Investors who wish to go long could consider buying between 0.77500~0.77550 in the short-term and setting the stop loss below 0.77400.

Technical Analysis (USOUSD):

The price of USO/USD (8th of June) was around 69.13 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back after a surge yesterday (7th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is liklely to continue falling.

Currently, the short-swing upper resistance level lies between 69.35~69.55. The current support level lies between 67.70~67.90. Investors who wish to sell short could consider selling between 68.60~68.80 in the short-term and setting the stop loss above 69.00.

Technical Analysis (Nas100):

The NASDAQ (8th of June) was around 13824.6 this morning. Under 1-hour-chart technical analysis, the candlestick had a sharp surge yesterday (7th), refreshing the swing high. It is currently lying between the middle and upper Bollinger Bands. The bands keep facing upwards, so it is likely to edge higher after a retracement.

Currently, the short-swing upper resistance level lies between 13900.0~13920.0. The current support level lies between 13770.0~13790.0. Investors who wish to go long could consider selling between 13800.0~13820.0 in the short-term and setting the stop loss below 13780.0.

Economic Calendar (8th of June)

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

 MT4 Server TimeCurrencyDataImportance
1.2:50  JPYGDP (QoQ) (Q1)★★★
2.12:00  EURGerman ZEW Economic Sentiment (Jun)★★★
3.17:00  USDJOLTs Job Openings (Apr)★★★

(Importance: maximum three stars★★★)

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