Gold Futures (GC1!), H4 | Due For A Short Pullback!

Type: Bearish ReversalKey Levels:Resistance: 1963.4Pivot: 1943.9Support: 1912.2Preferred Case:Prices have consolidated in a parallel channel . We see the potential for a short pullback from our Pivot at 1943.9 in line with 78.6% Fibonacci extension towards our 1st support at 1912.2 in line with 61.8% Fibonacci Retracement . Our bearish bias is further supported RSI being at levels where dips previously occurred.Alternative Scenario:If prices were to continue its rally, they can potentially rise towards our 1st resistance at 1963.4 which is a new swing high and also in line with 100% Fibonacci extension .Fundamentals: Russo-Ukraine tensions seemed to escalate with the latest invasions from Russia, the precious metal rally will seemingly continue. As the TA and FA are in conflict, we prefer to remain on the sidelines.

Source: Tickmill

Japanese Candlesticks Analysis 23.04.2024 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the

Murrey Math Lines 23.04.2024 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, indicating the prevalence of a downtrend. However, a convergence

Technical Analysis & Forecast 23.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0650 without any strong trend. A price rise to 1.0693

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