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Daily Technical Report 6-8-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 9

GOLD

GOLD

Gold rebounded from the 2,365$ area upwards, reaching the resistance zone at 2,418$. It is likely that prices will move sideways between the aforementioned resistance area and the support zone around 2,365$.

Support

 2385 2365 2330
Resistance 2418 2440

2460

BTCUSD

BTCUSD

Bitcoin rebounded from the support area around 50,800$ upwards, reaching near the resistance zone at 57,000$. If this resistance is broken to the upside, the target could be the 59,500$ area. This scenario becomes invalid if the support area at 53,800$ is broken downwards.

Support

 53800 50800 48000
Resistance 57000 59500

63800

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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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