CFDTechnical Outlook
Weekly Session : Friday
The market sentiment for this currency pair suggests a Bullish outlook today. Traders may consider taking Long positions sooner the price surpasses the '2359.7'. This confirmation could lead to the achievement of the first target 2416.6 before following the second target price 2488.5. Further upside potential exists, with the price possibly aiming for 2545.3 before the end of today's market session.
Nonetheless, if the price breaks below the '2359.7', it may indicate a potential shift in momentum, leading to a Short position. Traders should remain cautious as the price could decline towards the first support level 2287.8 and potentially test 2230.9. A sharper decline towards 2159.1 is also possible before the end of today's trading session.
#Weekly #XAUUSD #CFDTechnical Outlook
Note: This part is being updated using Frustrader AI Integration. XAUUSD has no update for this session
CFDTechnical Outlook
Weekly Session : Friday
The market sentiment for this currency pair appears to be Bearish today. Traders may consider initiating Short positions sooner the price falls below the '85.3'. The initial target level 83.6 could be initially attained, coupled with the second target level 82.3. Eventually, there is a chance for the price to advance further and reach 80.5 before the trading day concludes.
Contrarily, breaking above the price '85.3' could evidently signify a potential shift in sentiment, prompting traders to consider Long positions. In such a case, the price might rise towards the first resistance level 86.6 and potentially test 88.3. A stronger increase towards 89.7 is also possible before the end of today's trading session.
#Weekly #WTI #CFDTechnical Outlook
