Gold is trading in a tight range, struggling to break above 4770 and moving between the 4740โ4770 levels. This reflects market caution, as traders are closely watching geopolitical developments and breaking news ๐๐ฐ, which can quickly shift sentiment. Despite the drop toward 4660 levels, gold managed to recover above 4700!
For now, price may remain range-bound as markets wait for clearer signals from geopolitical events and major headlines โ ๏ธ
For now, price may remain range-bound as markets wait for clearer signals from geopolitical events and major headlines โ ๏ธ
Kevin Warshโs Statements: Is a Shift in Fed Policy Approaching and What Could It Mean for Markets?
Kevin Warshโs statements reflect a clear direction toward monetary policy independence, which could ease concerns about external influence on interest rate decisions.
At the same time, questioning the accuracy of inflation data introduces a higher level of uncertainty and may push markets to reprice expectations for the future path of interest rates.
Potential volatility in the dollar and broader markets, as investors closely watch for any shift in the Federal Reserveโs approach under new leadership.
To read more:
Kevin Warshโs statements reflect a clear direction toward monetary policy independence, which could ease concerns about external influence on interest rate decisions.
At the same time, questioning the accuracy of inflation data introduces a higher level of uncertainty and may push markets to reprice expectations for the future path of interest rates.
Potential volatility in the dollar and broader markets, as investors closely watch for any shift in the Federal Reserveโs approach under new leadership.
To read more:
US Fed Might Delay Rate Cuts Until Late 2026!
According to a Reuters poll, experts collectively expect the Federal Reserve to wait at least six months before beginning to lower interest rates. This cautious approach stems from the repercussions of geopolitical unrest, the impact of which could prolong high costs for energy and other commodities.
According to a Reuters poll, experts collectively expect the Federal Reserve to wait at least six months before beginning to lower interest rates. This cautious approach stems from the repercussions of geopolitical unrest, the impact of which could prolong high costs for energy and other commodities.
๐2
Company: Tesla Inc (TSLA)
EPS:
Actual: $ 0.41
Forecast: $ 0.36
Revenue:
Actual: $22.39 B
Forecast: $22.28 B
EPS:
Actual: $ 0.41
Forecast: $ 0.36
Revenue:
Actual: $22.39 B
Forecast: $22.28 B
Company: IBM (IBM)
EPS:
Actual: $ 1.91
Forecast: $ 1.81
Revenue:
Actual: $15.92 B
Forecast: $15.61 B
EPS:
Actual: $ 1.91
Forecast: $ 1.81
Revenue:
Actual: $15.92 B
Forecast: $15.61 B
Gold Intraday: turning down.
Pivot: 4752
Our preference: short positions below 4752 with targets at 4667 & 4643 in extension.
Alternative scenario: above 4752 look for further upside with 4770 & 4795 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
4795
4770
4752
4702 Last
4667
4643
4600
https://charts.tradingcentral.com/charts/169_20260423053442.gif
Pivot: 4752
Our preference: short positions below 4752 with targets at 4667 & 4643 in extension.
Alternative scenario: above 4752 look for further upside with 4770 & 4795 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
4795
4770
4752
4702 Last
4667
4643
4600
https://charts.tradingcentral.com/charts/169_20260423053442.gif
5 Things to Know โ April 23, 2026
๐ Asian markets declined today, giving up earlier gains as ongoing geopolitical tensions kept investors cautious. The move came despite strong tech earnings and earlier optimism, showing how quickly sentiment can shift. This suggests markets may remain volatile, with direction driven by headlines and risk perception.
๐ Nokia returned to profit in the first quarter, supported by strong demand in AI and cloud-related network services. The results reflect improving performance in its core business after a weaker period. This suggests that demand for digital infrastructure remains solid, though investors may watch if this trend continues.
๐พ SK Hynix reported a surge in quarterly profit of over 400%, driven by strong demand for AI-related memory chips. The results exceeded expectations and highlight the strength of the semiconductor cycle. This suggests AI demand remains a key driver, though markets may monitor how sustainable this growth is.
๐ฅ Gold prices fell further as uncertainty persisted and a stronger U.S. dollar added pressure. The decline reflects reduced demand for safe-haven assets alongside shifting macro expectations. This suggests prices may remain sensitive to both currency moves and overall sentiment.
๐ Today at 3:30 PM GMT+3, the U.S. Unemployment Claims report will be released.
โข Forecast: 211K | Previous: 207K
A reading below the forecast would likely support the U.S. dollar, while a higher number may point to some softening in the labor market. This data is often used to track short-term employment trends.
๐ Asian markets declined today, giving up earlier gains as ongoing geopolitical tensions kept investors cautious. The move came despite strong tech earnings and earlier optimism, showing how quickly sentiment can shift. This suggests markets may remain volatile, with direction driven by headlines and risk perception.
๐ Nokia returned to profit in the first quarter, supported by strong demand in AI and cloud-related network services. The results reflect improving performance in its core business after a weaker period. This suggests that demand for digital infrastructure remains solid, though investors may watch if this trend continues.
๐พ SK Hynix reported a surge in quarterly profit of over 400%, driven by strong demand for AI-related memory chips. The results exceeded expectations and highlight the strength of the semiconductor cycle. This suggests AI demand remains a key driver, though markets may monitor how sustainable this growth is.
๐ฅ Gold prices fell further as uncertainty persisted and a stronger U.S. dollar added pressure. The decline reflects reduced demand for safe-haven assets alongside shifting macro expectations. This suggests prices may remain sensitive to both currency moves and overall sentiment.
๐ Today at 3:30 PM GMT+3, the U.S. Unemployment Claims report will be released.
โข Forecast: 211K | Previous: 207K
A reading below the forecast would likely support the U.S. dollar, while a higher number may point to some softening in the labor market. This data is often used to track short-term employment trends.
๐ Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals!
Crude Oil (WTI) (M6) Intraday: the bias remains bullish.
Pivot: 92.20
Our preference: long positions above 92.20 with targets at 96.20 & 98.20 in extension.
Alternative scenario: below 92.20 look for further downside with 91.00 & 89.60 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
101.60
98.20
96.20
94.16 Last
92.20
91.00
89.60
https://charts.tradingcentral.com/charts/174_20260423085024.gif
Pivot: 92.20
Our preference: long positions above 92.20 with targets at 96.20 & 98.20 in extension.
Alternative scenario: below 92.20 look for further downside with 91.00 & 89.60 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
101.60
98.20
96.20
94.16 Last
92.20
91.00
89.60
https://charts.tradingcentral.com/charts/174_20260423085024.gif
Gold Intraday: watch 4667.
Pivot: 4752
Our preference: short positions below 4752 with targets at 4692 & 4667 in extension.
Alternative scenario: above 4752 look for further upside with 4770 & 4795 as targets.
Comment: as long as the resistance at 4752 is not surpassed, the risk of the break below 4692 remains high.
Supports and resistances:
4795
4770
4752
4713 Last
4692
4667
4643
https://charts.tradingcentral.com/charts/169_20260423085305.gif
Pivot: 4752
Our preference: short positions below 4752 with targets at 4692 & 4667 in extension.
Alternative scenario: above 4752 look for further upside with 4770 & 4795 as targets.
Comment: as long as the resistance at 4752 is not surpassed, the risk of the break below 4692 remains high.
Supports and resistances:
4795
4770
4752
4713 Last
4692
4667
4643
https://charts.tradingcentral.com/charts/169_20260423085305.gif
EUR/USD Intraday: key resistance at 1.1725.
Pivot: 1.1725
Our preference: short positions below 1.1725 with targets at 1.1675 & 1.1660 in extension.
Alternative scenario: above 1.1725 look for further upside with 1.1745 & 1.1760 as targets.
Comment: as long as 1.1725 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1760
1.1745
1.1725
1.1698 Last
1.1675
1.1660
1.1645
https://charts.tradingcentral.com/charts/74_20260423105105.gif
Pivot: 1.1725
Our preference: short positions below 1.1725 with targets at 1.1675 & 1.1660 in extension.
Alternative scenario: above 1.1725 look for further upside with 1.1745 & 1.1760 as targets.
Comment: as long as 1.1725 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1760
1.1745
1.1725
1.1698 Last
1.1675
1.1660
1.1645
https://charts.tradingcentral.com/charts/74_20260423105105.gif
Gold Intraday: under pressure.
Pivot: 4752
Our preference: short positions below 4752 with targets at 4667 & 4643 in extension.
Alternative scenario: above 4752 look for further upside with 4770 & 4795 as targets.
Comment: as long as 4752 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4795
4770
4752
4705 Last
4667
4643
4600
https://charts.tradingcentral.com/charts/169_20260423112440.gif
Pivot: 4752
Our preference: short positions below 4752 with targets at 4667 & 4643 in extension.
Alternative scenario: above 4752 look for further upside with 4770 & 4795 as targets.
Comment: as long as 4752 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4795
4770
4752
4705 Last
4667
4643
4600
https://charts.tradingcentral.com/charts/169_20260423112440.gif
Crude Oil (WTI) (M6) Intraday: further advance.
Pivot: 92.40
Our preference: long positions above 92.40 with targets at 96.20 & 98.20 in extension.
Alternative scenario: below 92.40 look for further downside with 91.00 & 89.60 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
101.60
98.20
96.20
94.54 Last
92.40
91.00
89.60
https://charts.tradingcentral.com/charts/174_20260423112439.gif
Pivot: 92.40
Our preference: long positions above 92.40 with targets at 96.20 & 98.20 in extension.
Alternative scenario: below 92.40 look for further downside with 91.00 & 89.60 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
101.60
98.20
96.20
94.54 Last
92.40
91.00
89.60
https://charts.tradingcentral.com/charts/174_20260423112439.gif
Company: American Express (AXP)
EPS:
Actual: $ 4.28
Forecast: $ 4.00
Revenue:
Actual: $18.91 B
Forecast: $18.61 B
EPS:
Actual: $ 4.28
Forecast: $ 4.00
Revenue:
Actual: $18.91 B
Forecast: $18.61 B
EUR/USD Intraday: the downside prevails.
Pivot: 1.1705
Our preference: short positions below 1.1705 with targets at 1.1660 & 1.1645 in extension.
Alternative scenario: above 1.1705 look for further upside with 1.1725 & 1.1745 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
1.1745
1.1725
1.1705
1.1680 Last
1.1660
1.1645
1.1610
https://charts.tradingcentral.com/charts/74_20260423130849.gif
Pivot: 1.1705
Our preference: short positions below 1.1705 with targets at 1.1660 & 1.1645 in extension.
Alternative scenario: above 1.1705 look for further upside with 1.1725 & 1.1745 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
1.1745
1.1725
1.1705
1.1680 Last
1.1660
1.1645
1.1610
https://charts.tradingcentral.com/charts/74_20260423130849.gif
EUR/USD intraday : our next up target stands at 1.1758
Our pivot point is at 1.1688.
Our preference: our next up target stands at 1.1758
Alternative scenario: below 1.1688, expect 1.1664 and 1.1650.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1697 and 1.1703).
Supports and resistances:
1.1786 **
1.1772 *
1.1758 **
1.1744
1.1711 last
1.1697
1.1688 **
1.1664 *
1.1650 **
https://charts.tradingcentral.com/charts/74_20260423154534.gif
Our pivot point is at 1.1688.
Our preference: our next up target stands at 1.1758
Alternative scenario: below 1.1688, expect 1.1664 and 1.1650.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1697 and 1.1703).
Supports and resistances:
1.1786 **
1.1772 *
1.1758 **
1.1744
1.1711 last
1.1697
1.1688 **
1.1664 *
1.1650 **
https://charts.tradingcentral.com/charts/74_20260423154534.gif
Gold Intraday: the downside prevails.
Pivot: 4752
Our preference: short positions below 4752 with targets at 4687 & 4667 in extension.
Alternative scenario: above 4752 look for further upside with 4770 & 4795 as targets.
Comment: a break below 4687 would trigger a drop towards 4667.
Supports and resistances:
4795
4770
4752
4722 Last
4687
4667
4643
https://charts.tradingcentral.com/charts/169_20260423175820.gif
Pivot: 4752
Our preference: short positions below 4752 with targets at 4687 & 4667 in extension.
Alternative scenario: above 4752 look for further upside with 4770 & 4795 as targets.
Comment: a break below 4687 would trigger a drop towards 4667.
Supports and resistances:
4795
4770
4752
4722 Last
4687
4667
4643
https://charts.tradingcentral.com/charts/169_20260423175820.gif
Crude Oil (WTI) (M6) Intraday: intraday support around 92.40.
Pivot: 92.40
Our preference: long positions above 92.40 with targets at 96.20 & 98.20 in extension.
Alternative scenario: below 92.40 look for further downside with 91.00 & 89.60 as targets.
Comment: the next resistances are at 96.20 and then at 98.20.
Supports and resistances:
101.60
98.20
96.20
93.95 Last
92.40
91.00
89.60
https://charts.tradingcentral.com/charts/174_20260423175818.gif
Pivot: 92.40
Our preference: long positions above 92.40 with targets at 96.20 & 98.20 in extension.
Alternative scenario: below 92.40 look for further downside with 91.00 & 89.60 as targets.
Comment: the next resistances are at 96.20 and then at 98.20.
Supports and resistances:
101.60
98.20
96.20
93.95 Last
92.40
91.00
89.60
https://charts.tradingcentral.com/charts/174_20260423175818.gif
