Gold Futures (CG!), H4 Potential Bullish Bounce!

Type: Bullish ContinuationKey Levels:Resistance: 4.940Pivot: 4.497Support: 3.361Preferred Case:We see the potential for a further bullish bounce from our Pivot at 1924.0 which is a graphical swing low support and in line with 161.8% Fibonacci projection towards our 1st resistance at 1976.5 in line with 78.2% Fibonacci projection. Our bullish bias is further supported RSI being at levels where bounces previously occurred.Alternative Scenario:If prices were to reverse, they can potentially dip towards our 1st support at 1893.3 in line with 200% Fibonacci Projection.Fundamentals:The markets awaits today for FOMC meeting on rate hike circumstances. We would expect more volatility in the markets and further bearish downside if hikes are higher that 25 bps previously cued by Fed.

Source: Tickmill

Murrey Math Lines 12.04.2024 (Brent, S&P 500)

Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought

Technical Analysis & Forecast 12.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range. By now, a decline wave structure has been completed at 1.0700 alongside

Ichimoku Cloud Analysis 12.04.2024 (EURUSD, XAUUSD, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test

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