Technical Analysis (XAUUSD)

The price of gold (11th of June) was around 1898.3 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick dropped sharply as predicted yesterday (10th), and then rebounded after reaching the bottom. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rising.

Currently, the short-swing upper resistance level lies between 1910.0~1912.0. The current support level lies between 1886.0~1888.0. Investors who wish to go long could consider buying between 1896.0~1898.0 in the short-term and setting the stop loss under 1893.0.

Technical Analysis (EURUSD):

The price of EUR/USD (11th of June) was around 1.21722 early today. Under 1-hour-chart technical analysis, after the candlestick surging to the resistance, it pulled back as predicted yesterday (10th). 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 1.22100~1.22200. The current support level lies between 1.21400~1.21500. Investors who wish to go long could consider buying between 1.21700~1.21800 in the short-term and setting the stop loss under 1.21600.

Technical Analysis (GBPUSD):

The price of GBP/USD (11th of June) was around 1.41740 early today. Under 1-hour-chart technical analysis,after the candlestick pulled back slightly as predicted yesterday (10th), it rose after touching the bottom. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue the appreciation.

Currently, the short-swing upper resistance level lies between 1.42000~1.42100. The current support level lies between 1.41200~1.41300. Investors who wish to go long could consider selling between 1.41600~1.41700 in the short-term and setting the stop loss under 1.41450.

Technical Analysis (AUDUSD):

The price of AUD/USD (11th of June) was around 0.77517 early today. Under 1-hour-chart technical analysis, the candlestick rebounded after a pullback (10th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to go up again.

Currently, the short-swing upper resistance level lies between 0.77700~0.77750. The current support level lies between 0.77100~0.77150. Investors who wish to go long could consider buying between 0.77480~0.77530 in the short-term and setting the stop loss under 0.77400.

Technical Analysis (USOUSD):

The price of USO/USD (11th of June) was around 69.94 this morning. Under 1-hour-chart technical analysis, after a surge, the candlestick dropped drastically after reaching the resistance as predicted yesterday (10th). It is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to pull back again.

Currently, the short-swing upper resistance level lies between 70.60~70.80. The current support level lies between 68.60~68.80. Investors who wish to sell short could consider selling between 69.50~69.70 in the short-term and setting the stop loss above 69.90.

Technical Analysis (Nas100):

The NASDAQ (10th of June) was around 13980.3 this morning. Under 1-hour-chart technical analysis, the candlestick soared up yesterday (9th), refreshing its swing high. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to edge higher.

Currently, the short-swing upper resistance level lies between 14020.0~14040.0. The current support level lies between 13870.0~13890.0. Investors who wish to go long could consider buying between 13930.0~13960.0 in the short-term and setting the stop loss under 13900.0.

Economic Calendar (10th of June)

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

 MT4 Server TimeCurrencyDataImportance
1.9:00  GBPUK GDP (MoM)★★★
2.9:00  GBPUK Manufacturing Production (MoM) (Apr)★★★
3.9:00  GBPUK Monthly GDP 3M/3M Change★★★
4.11:30  GBPBoE Gov Bailey Speaks  ★★★

(Importance: maximum three stars★★★)

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