
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
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4H Chart
Daily Chart
Gold declined below its 1769 key support area yesterday and posted the lowest level since April 15 around 1755 USD/Oz, which is another support that we should keep an eye on. In the meantime, despite yesterday’s decline below the key support, I would not be shorting пold anytime soon, especially now when the technical indicators are oversold on the daily chart, which keeps the possibility for another leg higher. Therefore, don’t rush into shorting gold yet, we need to see some sort of a retracement in the coming days.
S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
1707.10 |
1735.39 |
1748.31 |
1763.68 |
1776.60 |
1791.97 |
1820.26 |
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
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Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
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The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
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