ElenaMayi

ElenaMayi Updated 

Gold prices were set for a weekly decline on Friday after the Federal Reserve’s verdict on its monetary policy-easing cycle signaled a slowdown in rate cuts, while focus shifted to the U.S. Personal Consumption Expenditure data due later in the day. Generally, the direction is a downtrend Uptrend Side: For a bullish trend to be established, a breakout above the...

ElenaMayi Updated 

Generally, the direction is a downtrend Uptrend Side: The price is still trading within the bearish channel, having declined and stabilized below 1.0450. For a rise to occur, the price must break above this level to reach 1.0527 and 1.0608. Downtrend Side: Trading within the bearish channel and stabilizing below 1.0450 will support the bearish trend, potentially...

ElenaMayi Updated 

Generally, the direction is uptrend Summary: A correction is expected, potentially reaching 21035 or higher, if the price closes a 4-hour candle above 20900. Following this, a decline in our support levels is anticipated. Uptrend Side: The price currently requires renewed positive momentum to stabilize above 20215 to touch 21415. Downtrend Side: The price is...

ElenaMayi Updated 

Oil prices fell in early trading on Thursday after the U.S. Federal Reserve signaled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand. Generally, the direction is consolidation Summary: The price has been stable for an extended period between two strong zones: the upper range at 71.57 and 70.50, and the lower range at...

ElenaMayi Updated 

Stock futures were little changed Wednesday night as investors absorbed a new, sobering reality for financial markets. Trading was volatile after the regular session’s panic surrounding the Federal Reserve’s revised outlook for interest rates next year. Generally, the direction is a downtrend Uptrend Side: The price is currently attempting to recover some of the...

ElenaMayi

Gold prices jumped more than 1% on Thursday on short-covering after dipping to the lowest in a month earlier in the session, while the market awaited key U.S. data for further cues on the Federal Reserve’s policy trajectory. Generally, the direction is a downtrend Uptrend Side: to be a bullish trend, a break above the zone of 2640–2664, confirmed by a daily...

ElenaMayi

Generally, the direction is a downtrend and consolidation between 1.05277 and 1.04502. Downtrend Side: a break below 1.04502. If this level is breached, the next support target would be 1.03615. Uptrend Side: The price needs to rise and stabilize above 1.05277 as the first step toward a bullish trend. However, to confirm the bullish trend, it should remain above...

ElenaMayi

Generally, the direction is a downtrend Uptrend Side: The price must break out of the current channel by closing a 4-hour candle above 1.2729, and more importantly, above 1.2808, to pave the way for a potential move toward 1.2936. Downtrend Side: However, as long as the price remains within the channel and below 1.2808, the bearish trend will remain active,...

ElenaMayi

U.S. stock futures were higher on Wednesday morning as traders looked ahead to the Federal Reserve’s December interest rate decision. Generally, the direction is uptrend Uptrend Side: The price has established itself in a new high area and formed resistance at the all-time high (ATH) of 22,110. We anticipate that once this level is breached, the price will...

ElenaMayi

Gold prices were little changed on Wednesday as the markets focused squarely on the U.S. Federal Reserve's monetary policy decision and projections for 2025, due later in the day. Generally, the direction is uptrend Uptrend Side: Each upward step is expected to encounter several obstacles on the way to reaching its weekly peak, such as the 2664 level, which was...

ElenaMayi Updated 

Generally, the direction is a downtrend Spot gold fell on Tuesday ahead of the Federal Reserve’s policy meeting as the market keenly awaited the U.S. central bank’s outlook for cues on the interest rate path in 2025. Downtrend Side: The price continues its bearish trend and has closed the 4-hour candle in a bearish position. We should wait for either the 1-hour...

ElenaMayi

Stock futures inched lower early Tuesday after the Dow Jones Industrial Average registered its longest losing streak since 2018. Summary: The price continues to trade between 6099 and 6026. We anticipate a further decline toward 5954. Generally, the direction is uptrend and consolidation between 6099 and 6026. Uptrend Side: a breakout above the 6099 level is...

ElenaMayi Updated 

Generally, the direction is a downtrend Summary: Prices are expected to rise before experiencing a sharp decline. Gold prices inched higher on Monday as investors anticipated a potential interest rate cut by the Federal Reserve this week, with particular attention on the central bank's outlook regarding rate cuts in the coming year. Uptrend Side: breaking above...

ElenaMayi Updated 

Summary: The price has demonstrated significant strength above the 21,770 level, thereby confirming the establishment of new highs at 22,000. Generally, the direction is uptrend Uptrend Side: The price is exhibiting a bullish trend and has stabilized above the 21,770 level. Therefore, we should anticipate the formation of a new high at 22,000. Downtrend Side:...

ElenaMayi

Generally, the direction is a downtrend and consolidation between 1.05277 and 1.04502. Downtrend Side: The bearish movement has controlled the direction, and we are waiting for a break below 1.04502. If this level is breached, the next support target would be 1.03615. Uptrend Side: The price needs to rise and stabilize above 1.05277 as the first step toward a...

ElenaMayi

Generally, the direction is uptrend Uptrend Side: The price has broken the channel and surpassed the resistance at 153.770, currently trading above it. A 4-hour or daily candle close above this level is required to confirm the bullish trend toward 155.066. Downtrend Side: However, if the price reverses inside the channel with a 4-hour candle close, the bearish...

ElenaMayi Updated 

Generally, the direction is uptrend Gold prices edged higher on Friday and were set for a weekly gain, driven by reports of top consumer China resuming gold purchases, and heightened expectations of an interest rate reduction by the Federal Reserve at its Dec. 17-18 meeting. Summary: The gold price is expected to rise from 2,664 to 2,701. A breakout above this...

ElenaMayi Updated 

The price has formed an uptrend channel on the 4-hour chart, and similarly, an uptrend channel has emerged on the 1-hour chart. These developments are early indications of a potential new upward movement and a breakout of the previous peak. We anticipate that the price will continue to rise within the 1-hour channel and surpass the resistance level at 103.135, the...