Archive for the ‘Technical Comment’ Category

Having failed to pass the 1670.50 resistance, XAUUSD looks as if it will retrace and test support at 1659.70. A successful breakdown at 1659.70 places 1654.80 as the immediate target, but if it holds here it will likely bounce back to resistance at 1670.50. (MT) Full story

After breaking down below key support at 1654.75, the next target for XAUUSD is 1643.65. First resistance is now 1654.75, and if this level holds firm in the near term, it may well fall to the 1643.65 support. (MT) Full story

There is a potential breakout scenario developing on the H1 chart of GBPUSD. We are looking for a move above the 1.5936 resistance, which should see it continue on to 1.5965 with initial support at 1.5872. (MT) Full story

Having held below the 1662.20 support, XAUUSD looks as if it will rebound and test resistance at 1670.70. A successful break at 1670.70 places 1675.50 as the immediate target, and a failure to pass will likely see it fall back to initial support at 1662.20. (MT) Full story

After breaking down below key support at 105.92, the next target for Oil is 104.50. First resistance is now 105.92, and if this level holds firm in the near term, it may well fall to the 104.50 support. (MT) Full story

Having failed to pass the 1696.65 resistance, XAUUSD looks as if it will retrace and test support at 1680.95. A successful breakdown at 1680.95 places 1671.35 as the immediate target, but if it holds here it will likely bounce back to resistance at 1696.65. (MT) Full story

Having failed to pass the 107.43 resistance, Oil looks as if it will retrace and test support at 106.68. A successful breakdown at 106.68 places 105.87 as the immediate target, but if it holds here it will likely bounce back to resistance at 107.05. (MT) Full story

After successfully breaking above key resistance at 1681.35, the next target for XAUUSD is 1690.75. First support is 1675.65, and if this level holds in the near term, it may well rally to the 1690.75 resistance. (MT) Full story

Having failed to pass the 1666.95 resistance, XAUUSD looks as if it will retrace and test support at 1656.20. A successful breakdown at 1656.20 places 1645.40 as the immediate target, but if it holds here it will likely bounce back to resistance at 1662.90. (MT) Full story

There is a potential breakout scenario developing on the H1 chart of Oil. We are looking for a move above the 107.71 resistance, which should see it continue on to 108.39 with initial support at 106.64. (MT) Full story