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Daily Technical Report 15-7-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 69

GOLD

GOLD

Gold is trading below the resistance area of $2415. If it breaks above this level, it could target $2435. However, it is likely that it will retest the $2390 area once again.

Support

 2390 2370 2365
Resistance 2415 2435

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USOIL

USOIL

Oil tested the support area of $80.25. If it breaks below this level, it could target the $78 area. However, it is likely that prices will rise again and target $82.

Support

 80.25 79 78
Resistance 82 82.5

83.5

BTCUSD

BTCUSD

Bitcoin has risen in previous trading sessions, approaching the resistance area around $63,800. If it breaks above this level, it could target the $66,000 area. However, it is likely that this area will limit the pace of the upward movement in today’s trading.

Support

 61000 59700 58800
Resistance 63800 66000

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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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