Browsing Tag

intraday

XAUUSD Holds Steady in Range

Gold prices are consolidating within the range of the 1483 – 1462 region. Price action is in the midst of forming a bottom if the lower range doesn’t break. Therefore, the bias remains to the upside. A successful breakout above 1483…

WTI Crude Oil Rebounds 11%

Crude oil prices finally caught a bid after falling to $20 a barrel. If the upside continues, we expect oil prices to test the 28.00 level of resistance. We estimate price action to remain range-bound within the 28 – 20 handle.…

Euro Slips to 3-Year Low

The euro is down over 2% intraday as price action fell to a three-year low of 1.0655. The declines continue, filling the gap from April 2017, as the US dollar maintains a firm footing. A rebound above this level will see a possible…

XAUUSD Remains Range-Bound

Gold prices are showing signs of stabilizing. Price action is caught within the price corridor of 1534 and 1462. However, given the strong support area, it will take some strong fundamentals to push the precious metal lower. The…