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Tesla (TSLA.O) rose sharply in the night session, having previously fallen by more than 4%.Futures May 1, Economies.com analysts latest view today: Spot gold prices fell sharply in the last trading of the day, and the intraday technical pressure increased, exhausting the bulls momentum and causing it to encounter more downward pressure. The decline was mainly due to its continued trading below EMA50, forming a significant selling pressure. Our expectations indicate that if the price closes below $3,300, there will be more downward fluctuations in the upcoming intraday trading, targeting the $3,200 support level. The expected trading range is between the $3,200 support level and the $3,300 resistance level.Futures May 1, Economies.com analysts latest view today: WTI crude oil futures continued to fall sharply in intraday trading, breaking through the support level of $58.80 and closing below this level, confirming the breakout signal, which indicates that the bearish wave is expected to continue. Our expectations indicate that prices will continue to fall in the upcoming intraday trading, especially if prices close below $58.80, targeting the key support level of $56.70. The expected trading range is between the support level of $56.70 and the resistance level of $58.80.Futures May 1, Economies.com analysts latest views today: Brent crude oil futures were mainly bearish in the days trading, affected by the continued negative pressure, mainly because its price continued to be below EMA50 and stabilized below $62.00, confirming the continuation of the downward trend. On the other hand, we noticed a positive signal of bullish divergence on the relative strength index (RSI), which had previously entered the oversold area, which helped the price temporarily stabilize in intraday trading, trying to alleviate some of the oversold conditions. Therefore, our expectations indicate that there will be more downward movement in the upcoming intraday trading, provided that it stabilizes above $62.00, with the target at the key support level of $60.00. The expected trading range is between the support level of $60.00 and the resistance level of $62.00.Tesla (TSLA.O) chairman: Media reports that the board of directors has contacted a headhunter to find a new CEO are "completely untrue."

Gold Price Prediction: XAU/USD looks daily close for bear pennant confirmation; downward remains preferred

Daniel Rogers

Sep 22, 2022 14:49

 截屏2022-09-21 下午5.02.08_1024x576.png

 

"The non-interest-bearing yellow metal appears vulnerable as Switzerland and the United Kingdom tighten monetary policy in the upcoming session. In the event that tensions between Russia and the West escalate, the dollar may experience more gains, as the flight to safety may continue in full force. In the foreseeable future, XAU/USD appears to be in a lose-lose situation."

 

"On Wednesday, the gold price temporarily violated the rising trendline support at $1,664, but avoided confirmation of a bear pennant by completing the day near $1,674. A daily closure below the support is required for the bearish continuation pattern to be confirmed. The psychological level of $1,650 will be the initial line of defense, below which buyers will seek a sustained advance into the subsequent support at about $1,642."

 

"On the other hand, any attempts at a comeback will require acceptance above the current range highs at $1,680." The next obstacle to the upward is positioned near $1,700. Daily closure above the latter is crucial for releasing the additional recovery towards the bearish 21-day moving average (DMA) at $1,704."

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