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Daily Technical Report 18-7-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 9

GOLD

GOLD

Gold broke its historical peak of $2440-2450 in previous trades, opening the way for higher prices and the formation of new peaks. However, if selling pressure appears and the support area of $2460 is broken to the downside, we may retest the $2440 area.

Support

 2460 2440 2418
Resistance 2483 2500

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DOW JONES

DOW JONES

The Dow Jones Index is trading in an upward trend in the medium term, opening the way for higher prices and the formation of new peaks. However, if the prices break the support area of $40,950, we may retest the support area of $40,350.

Support

 40950 40500 40350
Resistance 41450 41650

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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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