Monday 17th July 2023: Technical Outlook and Review
The 1st support level is at 99.42. This is an overlap support and also a 100% Fibonacci Projection level. This suggests that the market has found buying interest at this price in the past, which could potentially cause a bounce upwards.
IC Markets Asia Fundamental Forecast | 17 July 2023
IC Markets Asia Fundamental Forecast | 17 July 2023 What happened […]
Friday 14th July 2023: Positive Market Momentum in Asia-Pacific on US Inflation Data
Global Markets: News & Data: Markets Update: Asia-Pacific markets experienced widespread […]
IC Markets Europe Fundamental Forecast | 14 July 2023
IC Markets Europe Fundamental Forecast | 14 July 2023 What happened […]
Friday 14th July 2023: Technical Outlook and Review
The XAUUSD chart currently shows a neutral momentum, indicating that the price may fluctuate between the 1st resistance and 1st support level. The 1st support level is at 1953.82. This is an overlap support level which suggests that it might have a concentration of buyers, possibly leading to a price bounce if it reaches this point.
IC Markets Asia Fundamental Forecast | 14 July 2023
IC Markets Asia Fundamental Forecast | 14 July 2023 What happened […]
Thursday 13th July 2023: Asia-Pacific Markets Rise as US Inflation Rate Falls Below Expectations, Boosting Investor Sentiment
Global Markets: News & Data: Markets Update: Asia-Pacific markets experienced widespread […]
IC Markets Europe Fundamental Forecast | 13 July 2023
IC Markets Europe Fundamental Forecast | 13 July 2023 What happened […]
Thursday 13th July 2023: Technical Outlook and Review
On the downside, the 1st support level is found at 1952.62, serving as a pullback support, which could provide substantial stability to the price. Further down, the 2nd support level is located at 1931.62, identified as an overlap support that could potentially cushion any downward price movements.
