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Daily Technical Report 31-7-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 16

GOLD

GOLD

Gold broke above the $2400 zone and reached the resistance area around $2418. If this resistance is broken to the upside, the price may target $2440. This scenario becomes invalid if the support zone at $2400 is broken to the downside.

Support

 2400 2385 2370
Resistance 2418 2440

2475

DOW JONES

DOW JONES

The Dow Jones Index is trading below the resistance zone at $40,950. If this resistance is broken to the upside, the index may target the $41,450 area. This scenario becomes invalid if the minor support zone around $40,450 is broken to the downside.

Support

 40450 40350 40050
Resistance 40950 41080

41450

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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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