Gold Intraday: intraday support around 4800.
Pivot: 4800
Our preference: long positions above 4800 with targets at 4838 & 4853 in extension.
Alternative scenario: below 4800 look for further downside with 4785 & 4770 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4870
4853
4838
4815 Last
4800
4785
4770
https://charts.tradingcentral.com/charts/169_20260416115048.gif
Pivot: 4800
Our preference: long positions above 4800 with targets at 4838 & 4853 in extension.
Alternative scenario: below 4800 look for further downside with 4785 & 4770 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4870
4853
4838
4815 Last
4800
4785
4770
https://charts.tradingcentral.com/charts/169_20260416115048.gif
EUR/USD Intraday: consolidation.
Pivot: 1.1805
Our preference: short positions below 1.1805 with targets at 1.1760 & 1.1745 in extension.
Alternative scenario: above 1.1805 look for further upside with 1.1820 & 1.1830 as targets.
Comment: as long as 1.1805 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1830
1.1820
1.1805
1.1787 Last
1.1760
1.1745
1.1730
https://charts.tradingcentral.com/charts/74_20260416131355.gif
Pivot: 1.1805
Our preference: short positions below 1.1805 with targets at 1.1760 & 1.1745 in extension.
Alternative scenario: above 1.1805 look for further upside with 1.1820 & 1.1830 as targets.
Comment: as long as 1.1805 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1830
1.1820
1.1805
1.1787 Last
1.1760
1.1745
1.1730
https://charts.tradingcentral.com/charts/74_20260416131355.gif
USD – Unemployment Claims
U.S. Unemployment Claims came in at 207K, lower than the forecast of 213K and also below the previous reading of 219K. This suggests a decline in the number of individuals filing for unemployment benefits, indicating continued strength in the labor market.
Lower jobless claims may reflect improving employment conditions, which could support expectations around economic stability and sustained consumer activity.
Since the actual reading came in below the forecast, the result may be supportive for the U.S. dollar, as stronger labor market conditions could influence expectations around future monetary policy.
U.S. Unemployment Claims came in at 207K, lower than the forecast of 213K and also below the previous reading of 219K. This suggests a decline in the number of individuals filing for unemployment benefits, indicating continued strength in the labor market.
Lower jobless claims may reflect improving employment conditions, which could support expectations around economic stability and sustained consumer activity.
Since the actual reading came in below the forecast, the result may be supportive for the U.S. dollar, as stronger labor market conditions could influence expectations around future monetary policy.
Why is the $4900 level a key turning point for gold after recovering 50% of its losses?
Gold has managed to recover around 50% of its recent losses, signaling an early return of demand.
The $4900 level is considered a pivotal point, as it aligns with the 50% Fibonacci retracement and the 10-week moving average, making it a strong resistance that could determine the next direction.
For more, click here.
Gold has managed to recover around 50% of its recent losses, signaling an early return of demand.
The $4900 level is considered a pivotal point, as it aligns with the 50% Fibonacci retracement and the 10-week moving average, making it a strong resistance that could determine the next direction.
For more, click here.
👍2
EUR/USD intraday : the downside prevails as long as 1.1799 is resistance
Our pivot point is at 1.1799.
Our preference: the downside prevails as long as 1.1799 is resistance
Alternative scenario: above 1.1799, look for 1.1823 and 1.1837.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1784 and 1.1796).
Supports and resistances:
1.1837 **
1.1823 *
1.1799 **
1.1790
1.1775 last
1.1742
1.1728 **
1.1714 *
1.1699 **
https://charts.tradingcentral.com/charts/74_20260416154531.gif
Our pivot point is at 1.1799.
Our preference: the downside prevails as long as 1.1799 is resistance
Alternative scenario: above 1.1799, look for 1.1823 and 1.1837.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1784 and 1.1796).
Supports and resistances:
1.1837 **
1.1823 *
1.1799 **
1.1790
1.1775 last
1.1742
1.1728 **
1.1714 *
1.1699 **
https://charts.tradingcentral.com/charts/74_20260416154531.gif
Gold Intraday: under pressure.
Pivot: 4832
Our preference: short positions below 4832 with targets at 4770 & 4740 in extension.
Alternative scenario: above 4832 look for further upside with 4853 & 4870 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
4870
4853
4832
4806 Last
4770
4740
4703
https://charts.tradingcentral.com/charts/169_20260416180517.gif
Pivot: 4832
Our preference: short positions below 4832 with targets at 4770 & 4740 in extension.
Alternative scenario: above 4832 look for further upside with 4853 & 4870 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
4870
4853
4832
4806 Last
4770
4740
4703
https://charts.tradingcentral.com/charts/169_20260416180517.gif
Crude Oil (WTI) (K6) Intraday: turning up.
Pivot: 91.15
Our preference: long positions above 91.15 with targets at 95.50 & 97.70 in extension.
Alternative scenario: below 91.15 look for further downside with 90.00 & 88.70 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
100.60
97.70
95.50
93.68 Last
91.15
90.00
88.70
https://charts.tradingcentral.com/charts/174_20260416180514.gif
Pivot: 91.15
Our preference: long positions above 91.15 with targets at 95.50 & 97.70 in extension.
Alternative scenario: below 91.15 look for further downside with 90.00 & 88.70 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
100.60
97.70
95.50
93.68 Last
91.15
90.00
88.70
https://charts.tradingcentral.com/charts/174_20260416180514.gif
📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals!
5 Things You Need to Know – April 17, 2026
🟡 Gold is on track to post gains for a fourth consecutive week, supported by hopes of easing geopolitical tensions and reduced demand for the US dollar as a safe haven. This performance reflects continued investor interest in hedging, but any real improvement in the geopolitical landscape could limit this momentum. Markets are watching whether gold can sustain its gains or enter a corrective phase.
📺 Netflix reported strong earnings that beat expectations, driven by subscriber growth and improved revenues. This performance highlights the continued strength of the technology and digital entertainment sector despite economic challenges. However, markets may begin to reassess valuations after these strong gains.
🛢 Oil prices declined amid growing optimism over a potential agreement, which could increase global supply. This move reflects markets pricing in the possibility of easing supply constraints. However, any setback in negotiations could quickly bring volatility back to energy markets.
💵 The US dollar held near relatively elevated levels, supported by expectations that tight monetary policy will persist for longer. This reflects the market’s sensitivity to economic data that could shift the interest rate outlook. A stronger dollar may continue to weigh on gold and other currencies in the short term.
🎤 Christopher Waller, a Federal Reserve Board member, is scheduled to speak today, with markets closely watching for any new signals on the path of monetary policy.
• A hawkish tone could support the dollar and pressure gold and equities.
• A more cautious tone may boost expectations of future easing, supporting risk assets.
🟡 Gold is on track to post gains for a fourth consecutive week, supported by hopes of easing geopolitical tensions and reduced demand for the US dollar as a safe haven. This performance reflects continued investor interest in hedging, but any real improvement in the geopolitical landscape could limit this momentum. Markets are watching whether gold can sustain its gains or enter a corrective phase.
📺 Netflix reported strong earnings that beat expectations, driven by subscriber growth and improved revenues. This performance highlights the continued strength of the technology and digital entertainment sector despite economic challenges. However, markets may begin to reassess valuations after these strong gains.
🛢 Oil prices declined amid growing optimism over a potential agreement, which could increase global supply. This move reflects markets pricing in the possibility of easing supply constraints. However, any setback in negotiations could quickly bring volatility back to energy markets.
💵 The US dollar held near relatively elevated levels, supported by expectations that tight monetary policy will persist for longer. This reflects the market’s sensitivity to economic data that could shift the interest rate outlook. A stronger dollar may continue to weigh on gold and other currencies in the short term.
🎤 Christopher Waller, a Federal Reserve Board member, is scheduled to speak today, with markets closely watching for any new signals on the path of monetary policy.
• A hawkish tone could support the dollar and pressure gold and equities.
• A more cautious tone may boost expectations of future easing, supporting risk assets.
EUR/USD Intraday: key resistance at 1.1795.
Pivot: 1.1795
Our preference: short positions below 1.1795 with targets at 1.1765 & 1.1750 in extension.
Alternative scenario: above 1.1795 look for further upside with 1.1810 & 1.1825 as targets.
Comment: as long as 1.1795 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1825
1.1810
1.1795
1.1782 Last
1.1765
1.1750
1.1735
https://charts.tradingcentral.com/charts/74_20260417071440.gif
Pivot: 1.1795
Our preference: short positions below 1.1795 with targets at 1.1765 & 1.1750 in extension.
Alternative scenario: above 1.1795 look for further upside with 1.1810 & 1.1825 as targets.
Comment: as long as 1.1795 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1825
1.1810
1.1795
1.1782 Last
1.1765
1.1750
1.1735
https://charts.tradingcentral.com/charts/74_20260417071440.gif
Crude Oil (WTI) (M6) Intraday: the bias remains bullish.
Pivot: 89.00
Our preference: long positions above 89.00 with targets at 90.80 & 91.80 in extension.
Alternative scenario: below 89.00 look for further downside with 88.10 & 87.30 as targets.
Comment: the next resistances are at 90.80 and then at 91.80.
Supports and resistances:
92.60
91.80
90.80
89.66 Last
89.00
88.10
87.30
https://charts.tradingcentral.com/charts/174_20260417083907.gif
Pivot: 89.00
Our preference: long positions above 89.00 with targets at 90.80 & 91.80 in extension.
Alternative scenario: below 89.00 look for further downside with 88.10 & 87.30 as targets.
Comment: the next resistances are at 90.80 and then at 91.80.
Supports and resistances:
92.60
91.80
90.80
89.66 Last
89.00
88.10
87.30
https://charts.tradingcentral.com/charts/174_20260417083907.gif
Gold Intraday: intraday support around 4768.
Pivot: 4768
Our preference: long positions above 4768 with targets at 4806 & 4822 in extension.
Alternative scenario: below 4768 look for further downside with 4755 & 4740 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4838
4822
4806
4783 Last
4768
4755
4740
https://charts.tradingcentral.com/charts/169_20260417084132.gif
Pivot: 4768
Our preference: long positions above 4768 with targets at 4806 & 4822 in extension.
Alternative scenario: below 4768 look for further downside with 4755 & 4740 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4838
4822
4806
4783 Last
4768
4755
4740
https://charts.tradingcentral.com/charts/169_20260417084132.gif
EUR/USD Intraday: bullish bias above 1.1770.
Pivot: 1.1770
Our preference: long positions above 1.1770 with targets at 1.1810 & 1.1825 in extension.
Alternative scenario: below 1.1770 look for further downside with 1.1755 & 1.1735 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
185.0000
1.1825
1.1810
1.1793 Last
1.1770
1.1755
1.1735
https://charts.tradingcentral.com/charts/74_20260417115109.gif
Pivot: 1.1770
Our preference: long positions above 1.1770 with targets at 1.1810 & 1.1825 in extension.
Alternative scenario: below 1.1770 look for further downside with 1.1755 & 1.1735 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
185.0000
1.1825
1.1810
1.1793 Last
1.1770
1.1755
1.1735
https://charts.tradingcentral.com/charts/74_20260417115109.gif
Crude Oil (WTI) (M6) Intraday: the downside prevails.
Pivot: 89.45
Our preference: short positions below 89.45 with targets at 87.25 & 84.70 in extension.
Alternative scenario: above 89.45 look for further upside with 90.25 & 92.55 as targets.
Comment: a break below 87.25 would trigger a drop towards 84.70.
Supports and resistances:
92.55
90.25
89.45
87.70 Last
87.25
84.70
83.90
https://charts.tradingcentral.com/charts/174_20260417120341.gif
Pivot: 89.45
Our preference: short positions below 89.45 with targets at 87.25 & 84.70 in extension.
Alternative scenario: above 89.45 look for further upside with 90.25 & 92.55 as targets.
Comment: a break below 87.25 would trigger a drop towards 84.70.
Supports and resistances:
92.55
90.25
89.45
87.70 Last
87.25
84.70
83.90
https://charts.tradingcentral.com/charts/174_20260417120341.gif
Gold Intraday: bullish bias above 4768.
Pivot: 4768
Our preference: long positions above 4768 with targets at 4806 & 4822 in extension.
Alternative scenario: below 4768 look for further downside with 4755 & 4740 as targets.
Comment: a support base at 4768 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4838
4822
4806
4792 Last
4768
4755
4740
https://charts.tradingcentral.com/charts/169_20260417120343.gif
Pivot: 4768
Our preference: long positions above 4768 with targets at 4806 & 4822 in extension.
Alternative scenario: below 4768 look for further downside with 4755 & 4740 as targets.
Comment: a support base at 4768 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4838
4822
4806
4792 Last
4768
4755
4740
https://charts.tradingcentral.com/charts/169_20260417120343.gif
EUR/USD Intraday: further advance.
Pivot: 1.1780
Our preference: long positions above 1.1780 with targets at 1.1810 & 1.1825 in extension.
Alternative scenario: below 1.1780 look for further downside with 1.1765 & 1.1755 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
185.0000
1.1825
1.1810
1.1794 Last
1.1780
1.1765
1.1755
https://charts.tradingcentral.com/charts/74_20260417131600.gif
Pivot: 1.1780
Our preference: long positions above 1.1780 with targets at 1.1810 & 1.1825 in extension.
Alternative scenario: below 1.1780 look for further downside with 1.1765 & 1.1755 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
185.0000
1.1825
1.1810
1.1794 Last
1.1780
1.1765
1.1755
https://charts.tradingcentral.com/charts/74_20260417131600.gif
Gold Intraday: the bias remains bullish.
Pivot: 4835
Our preference: long positions above 4835 with targets at 4910 & 4940 in extension.
Alternative scenario: below 4835 look for further downside with 4805 & 4785 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
4975
4940
4910
4875 Last
4835
4805
4785
https://charts.tradingcentral.com/charts/169_20260417165903.gif
Pivot: 4835
Our preference: long positions above 4835 with targets at 4910 & 4940 in extension.
Alternative scenario: below 4835 look for further downside with 4805 & 4785 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
4975
4940
4910
4875 Last
4835
4805
4785
https://charts.tradingcentral.com/charts/169_20260417165903.gif
Crude Oil (WTI) (M6) Intraday: caution.
Pivot: 84.10
Our preference: short positions below 84.10 with targets at 78.70 & 75.20 in extension.
Alternative scenario: above 84.10 look for further upside with 87.30 & 90.25 as targets.
Comment: the upward potential is likely to be limited by the resistance at 84.10.
Supports and resistances:
90.25
87.30
84.10
81.09 Last
78.70
75.20
72.55
https://charts.tradingcentral.com/charts/174_20260417170317.gif
Pivot: 84.10
Our preference: short positions below 84.10 with targets at 78.70 & 75.20 in extension.
Alternative scenario: above 84.10 look for further upside with 87.30 & 90.25 as targets.
Comment: the upward potential is likely to be limited by the resistance at 84.10.
Supports and resistances:
90.25
87.30
84.10
81.09 Last
78.70
75.20
72.55
https://charts.tradingcentral.com/charts/174_20260417170317.gif
EUR/USD intraday : the upside prevails as long as 1.1783 is support
Our pivot point is at 1.1783.
Our preference: the upside prevails as long as 1.1783 is support
Alternative scenario: below 1.1783, expect 1.1759 and 1.1745.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1800 and 1.1788).
Supports and resistances:
1.1887 **
1.1873 *
1.1859 **
1.1845
1.1804 last
1.1792
1.1783 **
1.1759 *
1.1745 **
https://charts.tradingcentral.com/charts/74_20260417154535.gif
Our pivot point is at 1.1783.
Our preference: the upside prevails as long as 1.1783 is support
Alternative scenario: below 1.1783, expect 1.1759 and 1.1745.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1800 and 1.1788).
Supports and resistances:
1.1887 **
1.1873 *
1.1859 **
1.1845
1.1804 last
1.1792
1.1783 **
1.1759 *
1.1745 **
https://charts.tradingcentral.com/charts/74_20260417154535.gif
