Daily Technical Report 13-3-2024

Technical Analysis

By Shady Fouad Last updated Mar 13, 2024

GBPUSD

Prices are testing crucial support zones around $1.2755, where a rebound is likely. The movement is expected to be sideways between the mentioned support area and $1.2895.

Support	1.2770	1.2745	1.2700
Resistance	1.2830	1.2890	1.2960

GOLD

Gold is moving upward on the medium term, but it faced selling pressure around $2195, leading to a decline and testing the support zone around $2160. If this area is breached to the downside, we may test support at $2140.

Support	2160	2140	2120
Resistance	2183	2200	2220

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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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