Day: May 26, 2023

American stock index S&P500 rebounded from the upper boundary of the range, that is, the resistance level of 4195. Currently, the index is going down, targeting the opposite side of the range. The price of the index is likely to rebound from the supporting level of 4060 and head toward the opposite boundary of the […]

TitleXAUUSD H4 | Falling to support TypeBullish Bounce Preference:Price is approaching the pivot point of 1952.557 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1980.333. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1937.084. To discuss this trading […]

Daily Market Outlook, May 25 , 2023 Asian equities were mainly lower overnight as caution prevailed in the region following Wall Street’s losses. The market sentiment was influenced by concerns over the US debt ceiling and the release of the Federal Open Market Committee (FOMC) Minutes, which revealed a division among officials regarding support for […]