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Daily Technical Report 21-5-2024

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EURUSD

EURUSD

The EUR/USD pair is still trading around the 1.0860 area, and if it breaks above this level, it may target 1.0960. This scenario will be invalidated if the 1.0860 area is broken to the downside.

Support

1.0860 1.0815 1.0760
Resistance 1.0885 1.0900

1.0935

GOLD

GOLD

Gold is in an upward trend in the medium term. Prices fell in yesterday’s trading from the target of $2450 to test support areas near $2400. As long as prices remain above this support area, it is likely that the upward trend will resume. However, if the $2400 level is broken to the downside, the next support area around $2370 could be retested.

Support

2400 2370 2325
Resistance 2430 2450

2470

USOIL 

USOIL

Oil prices have fallen from near resistance areas around $80.00, and it is likely that prices will target support areas at $77.50 in the upcoming trading sessions. This scenario would be invalidated if the price breaks above the $80.50 level.

Support

78.55 77.85 76.5
Resistance 79.5 80

80.5

BTCUSD

BTCUSD

Bitcoin rebounded higher in yesterday’s trading, reaching targets of $71,400, which is a significant resistance area. If this area is breached to the upside, we may target the previous peak around $74,000. However, it is likely that the $71,400 area will limit the pace of the ascent in today’s trading.

Support

67800 66800 65800
Resistance 71400 74000

NASDAQ

NASDAQ

The Nasdaq index broke its main peak of 18,400 in previous trading sessions, confirming its medium-term upward trend and the formation of new highs. However, if the 18,540 area is broken to the downside, we may retest the 18,400 area.

Support

18540 18400 18190
Resistance 18720 18900

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