Daily Technical Report 10-7-2024

Technical Analysis

By Shady Fouad On Jul 10, 2024

DOLLAR INDEX

The Dollar Index rebounded from the support level at 104.65, and it is likely to retest the resistance level at 105.55. This scenario would be invalidated if the 104.65 support level is broken to the downside.

Support	104.65	104.20	104
Resistance	105.25	105.55	106

GOLD

Gold declined in previous trading sessions from the resistance zone at $2390, reaching the support area of $2350-$2365. This support zone is likely to limit further decline and potentially prompt a rebound.

Support	2365	2350	2340
Resistance	2390	2415	2435

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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