Technical Analysis (XAUUSD)

The price of gold (28th of August) was around 1930.5 USD/Ounces early today. Under 1-hour-chart technical analysis, it skyrocketed after a pullback as predicted yesterday (27th). Later, gold prices slumped as U.S. dollar rebounded sharply. The candlestick is currently rebounding and lying above the middle Bollinger Band. It is likely to rebound.

Currently, the short-swing upper resistance level lies between 1948.0~1950.0. The current support level lies between 1923.0~1925.0. Investors who wish to go long could consider buying between 1932.0~1935.0 in the short-term and setting the stop loss below 1928.5.

xauusd (gold)

Technical Analysis (EURUSD):

The price of EUR/USD (28th of August) was around 1.18193 early today. Under 1-hour-chart technical analysis, it skyrocketed after a decline as predicted yesterday (27th). Later, Euro plummeted as U.S. dollar rebounded sharply. The candlestick is currently rebounding and lying above the middle Bollinger Band. It is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.18600~1.18700. The current support level lies between 1.18000~1.18100. Investors who wish to go long could consider buying between 1.18300~1.18380 in the short-term and setting the stop loss below 1.18200.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (28th of August) was around 1.32012 early today. Under 1-hour-chart technical analysis, it rose sharply as predicted yesterday (27th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards. It is likely to rebound again after a correction.

Currently, the short-swing upper resistance level lies between 1.32600~1.32700. The current support level lies between 1.31700~1.31800.

Investors who wish to go long could consider buying between 1.32200~1.32300 in the short-term and setting the stop loss below 1.32100.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (28th of August) was around 0.72591 early today. Under 1-hour-chart technical analysis, it continued to rise after a pullback as predicted yesterday (27th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards and expanding. It is likely to rise again after a correction.

Currently, the short-swing upper resistance level lies between 0.73000~0.73050. The current support level lies between 0.72600~0.72650.

Investors who wish to go long could consider buying between 0.72800~0.72850 in the short-term and setting the stop loss below 0.72740.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (28th of August) was around 42.74 this morning. It made a reverse under 1-hour-chart technical analysis after breaking out the support level yesterday (27th). The candlestick is currently lying between the middle and lower Bollinger Bands after the rise, with the bands facing downwards. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 43.10~43.20. The current support level lies between 42.20~42.30. Investors who wish to sell short could consider selling between 42.80~42.90 in the short-term and setting the stop loss above 43.00.

US Oil

Technical Analysis (Nas100):

The NASDAQ (28th of August) was around 11953.7 this morning. Under 1-hour-chart technical analysis, the candlestick is currently lying above the middle Bollinger Band again after a rebound, with the bands facing upwards. It is likely to rise again.

Currently, the short-swing upper resistance level lies between 12080.0~12090.0. The current support level lies between 11920.0~11930.0. Investors who wish to go long could consider buying between 12000.0~12010.0 in the short-term and setting the stop loss below 11950.0.

nas100 (NASDAQ)

Economic Calendar (28th of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.07:00EURGfk German Consumer Climate (Sep)★★
2.07:45EURFrench CPI (YoY)
3.07:45EURFrench GDP (QoQ) (Q2)★★
4.08:00CHKKOF Leading Indicators (Aug)★★
5.10:00EURIndustrial Sentiment (Aug)
6.10:00EURConsumer Confidence (Aug)
7.10:00EURBusiness Climate (Aug)
8.13:30USDPCE Price Index (YoY) (Jul)★★
9.13:30USDPersonal Spending (MoM) (Jul)★★
10.13:30USDPCE Price index (MoM) (Jul)★★
11.13:30CADGDP (MoM) (Jun)★★★
12.14:45USDChicago PMI (Aug)★★
13.15:00USDMichigan Consumer Sentiment (Aug)★★

(Importance: maximum three stars ★★★)

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