Where are gold prices headed? π
What should we watch? π
What does technical analysis say about gold price levels? π
for more details, click here
What should we watch? π
What does technical analysis say about gold price levels? π
for more details, click here
EUR/USD Intraday: bullish bias above 1.1665.
Pivot: 1.1665
Our preference: long positions above 1.1665 with targets at 1.1740 & 1.1775 in extension.
Alternative scenario: below 1.1665 look for further downside with 1.1635 & 1.1615 as targets.
Comment: a support base at 1.1665 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.1800
1.1775
1.1740
1.1695 Last
1.1665
1.1635
1.1615
https://charts.tradingcentral.com/charts/74_20260408132023.gif
Pivot: 1.1665
Our preference: long positions above 1.1665 with targets at 1.1740 & 1.1775 in extension.
Alternative scenario: below 1.1665 look for further downside with 1.1635 & 1.1615 as targets.
Comment: a support base at 1.1665 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.1800
1.1775
1.1740
1.1695 Last
1.1665
1.1635
1.1615
https://charts.tradingcentral.com/charts/74_20260408132023.gif
Gold Intraday: bullish bias above 4755.
Pivot: 4755
Our preference: long positions above 4755 with targets at 4865 & 4950 in extension.
Alternative scenario: below 4755 look for further downside with 4705 & 4655 as targets.
Comment: the next resistances are at 4865 and then at 4950.
Supports and resistances:
5040
4950
4865
4784 Last
4755
4705
4655
https://charts.tradingcentral.com/charts/169_20260408160612.gif
Pivot: 4755
Our preference: long positions above 4755 with targets at 4865 & 4950 in extension.
Alternative scenario: below 4755 look for further downside with 4705 & 4655 as targets.
Comment: the next resistances are at 4865 and then at 4950.
Supports and resistances:
5040
4950
4865
4784 Last
4755
4705
4655
https://charts.tradingcentral.com/charts/169_20260408160612.gif
Crude Oil (WTI) (K6) Intraday: under pressure.
Pivot: 98.60
Our preference: short positions below 98.60 with targets at 91.00 & 84.40 in extension.
Alternative scenario: above 98.60 look for further upside with 103.00 & 107.50 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
107.50
103.00
98.60
93.13 Last
91.00
84.40
75.70
https://charts.tradingcentral.com/charts/174_20260408160613.gif
Pivot: 98.60
Our preference: short positions below 98.60 with targets at 91.00 & 84.40 in extension.
Alternative scenario: above 98.60 look for further upside with 103.00 & 107.50 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
107.50
103.00
98.60
93.13 Last
91.00
84.40
75.70
https://charts.tradingcentral.com/charts/174_20260408160613.gif
EUR/USD intraday : as long as 1.1666 is support look for 1.1738
Our pivot point is at 1.1666.
Our preference: as long as 1.1666 is support look for 1.1738
Alternative scenario: below 1.1666, expect 1.1642 and 1.1628.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (1.1694) but above its 50 period moving average (1.1654).
Supports and resistances:
1.1766 **
1.1752 *
1.1738 **
1.1723
1.1688 last
1.1675
1.1666 **
1.1642 *
1.1628 **
https://charts.tradingcentral.com/charts/74_20260408154516.gif
Our pivot point is at 1.1666.
Our preference: as long as 1.1666 is support look for 1.1738
Alternative scenario: below 1.1666, expect 1.1642 and 1.1628.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (1.1694) but above its 50 period moving average (1.1654).
Supports and resistances:
1.1766 **
1.1752 *
1.1738 **
1.1723
1.1688 last
1.1675
1.1666 **
1.1642 *
1.1628 **
https://charts.tradingcentral.com/charts/74_20260408154516.gif
Crude Oil (WTI) (K6) Intraday: choppy.
Pivot: 98.60
Our preference: short positions below 98.60 with targets at 91.00 & 84.40 in extension.
Alternative scenario: above 98.60 look for further upside with 103.00 & 107.50 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
107.50
103.00
98.60
95.14 Last
91.00
84.40
75.70
https://charts.tradingcentral.com/charts/174_20260408175432.gif
Pivot: 98.60
Our preference: short positions below 98.60 with targets at 91.00 & 84.40 in extension.
Alternative scenario: above 98.60 look for further upside with 103.00 & 107.50 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
107.50
103.00
98.60
95.14 Last
91.00
84.40
75.70
https://charts.tradingcentral.com/charts/174_20260408175432.gif
Gold Intraday: under pressure.
Pivot: 4835
Our preference: short positions below 4835 with targets at 4705 & 4655 in extension.
Alternative scenario: above 4835 look for further upside with 4950 & 5040 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
5040
4950
4835
4761 Last
4705
4655
4620
https://charts.tradingcentral.com/charts/169_20260408175408.gif
Pivot: 4835
Our preference: short positions below 4835 with targets at 4705 & 4655 in extension.
Alternative scenario: above 4835 look for further upside with 4950 & 5040 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
5040
4950
4835
4761 Last
4705
4655
4620
https://charts.tradingcentral.com/charts/169_20260408175408.gif
A remarkable calm, measured at $1.5 trillion! Global market activity on Wednesday was estimated at $1.5 trillion during the first session, following the announcement of a lull in geopolitical tensions in the Middle East. Indices moved as follows: Dow Jones Industrial Average: +1303 points Nasdaq 100: +702 points S&P 500: Up +165 points In contrast, energy volatility: US Oil: -16% to ~$95 Brent: -14% to ~$93.8 Energy stocks: Compulsory (Exxon -7.9%, Fashion -4%) Despite its shortcomings, it continued to monitor the key indicator and was able to identify opportunities.
5 Things to Know β April 9, 2026
π Asian markets traded cautiously today as doubts around a potential ceasefire kept investors on edge. The uncertain tone shows that sentiment can quickly shift when clarity is lacking. Markets may remain sensitive to further developments.
π U.S. stock futures held steady after recent gains, suggesting that investors are pausing after the rally. The stability reflects a wait-and-see approach as markets assess next moves. Sentiment may stay balanced in the near term.
π Alibaba shares came under pressure after a downgrade linked to rising AI spending and losses in non-core businesses. The move highlights how higher investment costs can weigh on short-term performance. Investors may watch how the company manages spending going forward.
π₯ Gold prices edged lower as traders balanced renewed tensions with broader market sentiment. The move suggests some reduction in defensive positioning after recent gains. Prices may remain sensitive to both risk sentiment and macro signals.
π Today, the U.S. Unemployment Claims report will be released.
β’ Forecast: 210K | Previous: 202K
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.
π Asian markets traded cautiously today as doubts around a potential ceasefire kept investors on edge. The uncertain tone shows that sentiment can quickly shift when clarity is lacking. Markets may remain sensitive to further developments.
π U.S. stock futures held steady after recent gains, suggesting that investors are pausing after the rally. The stability reflects a wait-and-see approach as markets assess next moves. Sentiment may stay balanced in the near term.
π Alibaba shares came under pressure after a downgrade linked to rising AI spending and losses in non-core businesses. The move highlights how higher investment costs can weigh on short-term performance. Investors may watch how the company manages spending going forward.
π₯ Gold prices edged lower as traders balanced renewed tensions with broader market sentiment. The move suggests some reduction in defensive positioning after recent gains. Prices may remain sensitive to both risk sentiment and macro signals.
π Today, the U.S. Unemployment Claims report will be released.
β’ Forecast: 210K | Previous: 202K
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.
π Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals!
β οΈ Goldman warns of oil rebound!
π’οΈ The global investment bank Goldman Sachs warned that Brent crude could rise above $100 if the Strait of Hormuz remains closed for another month.
π The bank had previously noted that an average of $140 per barrel could signal an imminent economic recession.
π’οΈ The global investment bank Goldman Sachs warned that Brent crude could rise above $100 if the Strait of Hormuz remains closed for another month.
π The bank had previously noted that an average of $140 per barrel could signal an imminent economic recession.
EUR/USD Intraday: key resistance at 1.1695.
Pivot: 1.1695
Our preference: short positions below 1.1695 with targets at 1.1630 & 1.1610 in extension.
Alternative scenario: above 1.1695 look for further upside with 1.1720 & 1.1745 as targets.
Comment: as long as 1.1695 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1745
1.1720
1.1695
1.1665 Last
1.1630
1.1610
1.1590
https://charts.tradingcentral.com/charts/74_20260409061758.gif
Pivot: 1.1695
Our preference: short positions below 1.1695 with targets at 1.1630 & 1.1610 in extension.
Alternative scenario: above 1.1695 look for further upside with 1.1720 & 1.1745 as targets.
Comment: as long as 1.1695 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1745
1.1720
1.1695
1.1665 Last
1.1630
1.1610
1.1590
https://charts.tradingcentral.com/charts/74_20260409061758.gif
Gold Intraday: watch 4660.
Pivot: 4765
Our preference: short positions below 4765 with targets at 4695 & 4660 in extension.
Alternative scenario: above 4765 look for further upside with 4805 & 4843 as targets.
Comment: a break below 4695 would trigger a drop towards 4660.
Supports and resistances:
4843
4805
4765
4718 Last
4695
4660
4620
https://charts.tradingcentral.com/charts/169_20260409084805.gif
Pivot: 4765
Our preference: short positions below 4765 with targets at 4695 & 4660 in extension.
Alternative scenario: above 4765 look for further upside with 4805 & 4843 as targets.
Comment: a break below 4695 would trigger a drop towards 4660.
Supports and resistances:
4843
4805
4765
4718 Last
4695
4660
4620
https://charts.tradingcentral.com/charts/169_20260409084805.gif
Crude Oil (WTI) (K6) Intraday: the bias remains bullish.
Pivot: 94.10
Our preference: long positions above 94.10 with targets at 101.30 & 104.30 in extension.
Alternative scenario: below 94.10 look for further downside with 92.40 & 91.00 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
107.40
104.30
101.30
97.45 Last
94.10
92.40
91.00
https://charts.tradingcentral.com/charts/174_20260409084942.gif
Pivot: 94.10
Our preference: long positions above 94.10 with targets at 101.30 & 104.30 in extension.
Alternative scenario: below 94.10 look for further downside with 92.40 & 91.00 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
107.40
104.30
101.30
97.45 Last
94.10
92.40
91.00
https://charts.tradingcentral.com/charts/174_20260409084942.gif
EUR/USD Intraday: consolidation in place.
Pivot: 1.1695
Our preference: short positions below 1.1695 with targets at 1.1630 & 1.1610 in extension.
Alternative scenario: above 1.1695 look for further upside with 1.1720 & 1.1745 as targets.
Comment: as long as 1.1695 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1745
1.1720
1.1695
1.1676 Last
1.1630
1.1610
1.1590
https://charts.tradingcentral.com/charts/74_20260409112318.gif
Pivot: 1.1695
Our preference: short positions below 1.1695 with targets at 1.1630 & 1.1610 in extension.
Alternative scenario: above 1.1695 look for further upside with 1.1720 & 1.1745 as targets.
Comment: as long as 1.1695 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1745
1.1720
1.1695
1.1676 Last
1.1630
1.1610
1.1590
https://charts.tradingcentral.com/charts/74_20260409112318.gif
Crude Oil (WTI) (K6) Intraday: continuation of the rebound.
Pivot: 95.70
Our preference: long positions above 95.70 with targets at 101.30 & 104.30 in extension.
Alternative scenario: below 95.70 look for further downside with 94.10 & 92.40 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
107.40
104.30
101.30
97.40 Last
95.70
94.10
92.40
https://charts.tradingcentral.com/charts/174_20260409113748.gif
Pivot: 95.70
Our preference: long positions above 95.70 with targets at 101.30 & 104.30 in extension.
Alternative scenario: below 95.70 look for further downside with 94.10 & 92.40 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
107.40
104.30
101.30
97.40 Last
95.70
94.10
92.40
https://charts.tradingcentral.com/charts/174_20260409113748.gif
Gold Intraday: consolidation in place.
Pivot: 4765
Our preference: short positions below 4765 with targets at 4695 & 4660 in extension.
Alternative scenario: above 4765 look for further upside with 4805 & 4843 as targets.
Comment: as long as the resistance at 4765 is not surpassed, the risk of the break below 4695 remains high.
Supports and resistances:
4843
4805
4765
4730 Last
4695
4660
4620
https://charts.tradingcentral.com/charts/169_20260409113749.gif
Pivot: 4765
Our preference: short positions below 4765 with targets at 4695 & 4660 in extension.
Alternative scenario: above 4765 look for further upside with 4805 & 4843 as targets.
Comment: as long as the resistance at 4765 is not surpassed, the risk of the break below 4695 remains high.
Supports and resistances:
4843
4805
4765
4730 Last
4695
4660
4620
https://charts.tradingcentral.com/charts/169_20260409113749.gif
π US Oil Exports Rebound Strongly! US crude oil exports are on track to reach record highs in April, driven by countries seeking alternatives to oil supplies lost due to disruptions in the Strait of Hormuz. Oil research group Kpler estimates exports will rise to 5.2 million barrels per day, up from 3.9 million in March, with a strong 82% jump in Asian demand and a surge in the number of empty oil tankers bound for the US from an average of 27 to 68.
EUR/USD Intraday: under pressure.
Pivot: 1.1695
Our preference: short positions below 1.1695 with targets at 1.1630 & 1.1610 in extension.
Alternative scenario: above 1.1695 look for further upside with 1.1720 & 1.1745 as targets.
Comment: as long as 1.1695 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1745
1.1720
1.1695
1.1676 Last
1.1630
1.1610
1.1590
https://charts.tradingcentral.com/charts/74_20260409131942.gif
Pivot: 1.1695
Our preference: short positions below 1.1695 with targets at 1.1630 & 1.1610 in extension.
Alternative scenario: above 1.1695 look for further upside with 1.1720 & 1.1745 as targets.
Comment: as long as 1.1695 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1745
1.1720
1.1695
1.1676 Last
1.1630
1.1610
1.1590
https://charts.tradingcentral.com/charts/74_20260409131942.gif
Gold is on edgeβ¦ and markets are watching! π₯
Do you know whatβs really driving prices in this sensitive moment?
Discover the hidden factors that could shift the balance β before itβs too late.
Click now and read the full analysis!
Do you know whatβs really driving prices in this sensitive moment?
Discover the hidden factors that could shift the balance β before itβs too late.
Click now and read the full analysis!