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!
π Intel stock continues its upward trajectory!
Intel's stock has surged an impressive 34% in six trading sessions, fueled by its expansion into artificial intelligence chips.
π Since last October, the stock has climbed 200% from its 15-year low.
π€ Today, Google announced an expanded partnership with Intel to bolster its AI giant's business.
π The company will release its earnings report on April 23, with strong earnings expected soon.
Intel's stock has surged an impressive 34% in six trading sessions, fueled by its expansion into artificial intelligence chips.
π Since last October, the stock has climbed 200% from its 15-year low.
π€ Today, Google announced an expanded partnership with Intel to bolster its AI giant's business.
π The company will release its earnings report on April 23, with strong earnings expected soon.
EUR/USD intraday : the upside prevails as long as 1.1659 is support
Our pivot point is at 1.1659.
Our preference: the upside prevails as long as 1.1659 is support
Alternative scenario: below 1.1659, expect 1.1635 and 1.1621.
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 1.1676 and 1.1670).
Supports and resistances:
1.1771 **
1.1757 *
1.1743 **
1.1729
1.1695 last
1.1668
1.1659 **
1.1635 *
1.1621 **
https://charts.tradingcentral.com/charts/74_20260409154523.gif
Our pivot point is at 1.1659.
Our preference: the upside prevails as long as 1.1659 is support
Alternative scenario: below 1.1659, expect 1.1635 and 1.1621.
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 1.1676 and 1.1670).
Supports and resistances:
1.1771 **
1.1757 *
1.1743 **
1.1729
1.1695 last
1.1668
1.1659 **
1.1635 *
1.1621 **
https://charts.tradingcentral.com/charts/74_20260409154523.gif
β οΈ Important Notice for CFI Investors and Traders for Tomorrow (Friday)!
Global markets are awaiting the release of the Consumer Price Index (CPI) for March at 4:30 PM Dubai time, which will provide insight into the impact of geopolitical tensions and developments in energy markets on the U.S. economy.
π Expectations:
β’ Expected inflation: rising from 2.4% to 3.4%
π What the number means if expectations are met:
β’ Highest inflation rate since April 2024
β’ Largest increase since April 2021
π₯ Potential impact:
β’ β Increased expectations of Fed rate hikes β supports the U.S. dollar π΅
β’ β Negative pressure on equities and precious metals π
β’ β Rising bond yields, β falling bond prices
π Important note:
Economic indicators are currently being analyzed alongside geopolitical developments due to their direct impact on market movements and the performance of various asset classes.
Global markets are awaiting the release of the Consumer Price Index (CPI) for March at 4:30 PM Dubai time, which will provide insight into the impact of geopolitical tensions and developments in energy markets on the U.S. economy.
π Expectations:
β’ Expected inflation: rising from 2.4% to 3.4%
π What the number means if expectations are met:
β’ Highest inflation rate since April 2024
β’ Largest increase since April 2021
π₯ Potential impact:
β’ β Increased expectations of Fed rate hikes β supports the U.S. dollar π΅
β’ β Negative pressure on equities and precious metals π
β’ β Rising bond yields, β falling bond prices
π Important note:
Economic indicators are currently being analyzed alongside geopolitical developments due to their direct impact on market movements and the performance of various asset classes.
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!
EUR/USD Intraday: rebound expected.
Pivot: 1.1670
Our preference: long positions above 1.1670 with targets at 1.1725 & 1.1745 in extension.
Alternative scenario: below 1.1670 look for further downside with 1.1650 & 1.1630 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
1.1770
1.1745
1.1725
1.1695 Last
1.1670
1.1650
1.1630
https://charts.tradingcentral.com/charts/74_20260410060229.gif
Pivot: 1.1670
Our preference: long positions above 1.1670 with targets at 1.1725 & 1.1745 in extension.
Alternative scenario: below 1.1670 look for further downside with 1.1650 & 1.1630 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
1.1770
1.1745
1.1725
1.1695 Last
1.1670
1.1650
1.1630
https://charts.tradingcentral.com/charts/74_20260410060229.gif
Gold Intraday: intraday support around 4730.
Pivot: 4730
Our preference: long positions above 4730 with targets at 4780 & 4800 in extension.
Alternative scenario: below 4730 look for further downside with 4700 & 4670 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4835
4800
4780
4750 Last
4730
4700
4670
https://charts.tradingcentral.com/charts/169_20260410084114.gif
Pivot: 4730
Our preference: long positions above 4730 with targets at 4780 & 4800 in extension.
Alternative scenario: below 4730 look for further downside with 4700 & 4670 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4835
4800
4780
4750 Last
4730
4700
4670
https://charts.tradingcentral.com/charts/169_20260410084114.gif
Gold Intraday: bullish bias above 4730.
Pivot: 4730
Our preference: long positions above 4730 with targets at 4780 & 4800 in extension.
Alternative scenario: below 4730 look for further downside with 4700 & 4670 as targets.
Comment: a support base at 4730 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4835
4800
4780
4743 Last
4730
4700
4670
https://charts.tradingcentral.com/charts/169_20260410112149.gif
Pivot: 4730
Our preference: long positions above 4730 with targets at 4780 & 4800 in extension.
Alternative scenario: below 4730 look for further downside with 4700 & 4670 as targets.
Comment: a support base at 4730 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4835
4800
4780
4743 Last
4730
4700
4670
https://charts.tradingcentral.com/charts/169_20260410112149.gif
π₯1
Crude Oil (WTI) (K6) Intraday: intraday support around 97.65.
Pivot: 97.65
Our preference: long positions above 97.65 with targets at 102.70 & 104.70 in extension.
Alternative scenario: below 97.65 look for further downside with 96.00 & 94.10 as targets.
Comment: a support base at 97.65 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
105.50
104.70
102.70
100.39 Last
97.65
96.00
94.10
https://charts.tradingcentral.com/charts/174_20260410112826.gif
Pivot: 97.65
Our preference: long positions above 97.65 with targets at 102.70 & 104.70 in extension.
Alternative scenario: below 97.65 look for further downside with 96.00 & 94.10 as targets.
Comment: a support base at 97.65 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
105.50
104.70
102.70
100.39 Last
97.65
96.00
94.10
https://charts.tradingcentral.com/charts/174_20260410112826.gif
EUR/USD Intraday: continuation of the rebound.
Pivot: 1.1670
Our preference: long positions above 1.1670 with targets at 1.1725 & 1.1745 in extension.
Alternative scenario: below 1.1670 look for further downside with 1.1650 & 1.1630 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
1.1770
1.1745
1.1725
1.1697 Last
1.1670
1.1650
1.1630
https://charts.tradingcentral.com/charts/74_20260410114043.gif
Pivot: 1.1670
Our preference: long positions above 1.1670 with targets at 1.1725 & 1.1745 in extension.
Alternative scenario: below 1.1670 look for further downside with 1.1650 & 1.1630 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
1.1770
1.1745
1.1725
1.1697 Last
1.1670
1.1650
1.1630
https://charts.tradingcentral.com/charts/74_20260410114043.gif
EUR/USD Intraday: further advance.
Pivot: 1.1695
Our preference: long positions above 1.1695 with targets at 1.1725 & 1.1745 in extension.
Alternative scenario: below 1.1695 look for further downside with 1.1680 & 1.1670 as targets.
Comment: the break above 1.1695 is a positive signal that has opened a path to 1.1725.
Supports and resistances:
1.1770
1.1745
1.1725
1.1717 Last
1.1695
1.1680
1.1670
https://charts.tradingcentral.com/charts/74_20260410132021.gif
Pivot: 1.1695
Our preference: long positions above 1.1695 with targets at 1.1725 & 1.1745 in extension.
Alternative scenario: below 1.1695 look for further downside with 1.1680 & 1.1670 as targets.
Comment: the break above 1.1695 is a positive signal that has opened a path to 1.1725.
Supports and resistances:
1.1770
1.1745
1.1725
1.1717 Last
1.1695
1.1680
1.1670
https://charts.tradingcentral.com/charts/74_20260410132021.gif
Crude Oil (WTI) (K6) Intraday: consolidation in place.
Pivot: 100.30
Our preference: short positions below 100.30 with targets at 96.00 & 94.10 in extension.
Alternative scenario: above 100.30 look for further upside with 102.70 & 104.70 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
104.70
102.70
100.30
97.78 Last
96.00
94.10
91.85
https://charts.tradingcentral.com/charts/174_20260410133431.gif
Pivot: 100.30
Our preference: short positions below 100.30 with targets at 96.00 & 94.10 in extension.
Alternative scenario: above 100.30 look for further upside with 102.70 & 104.70 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
104.70
102.70
100.30
97.78 Last
96.00
94.10
91.85
https://charts.tradingcentral.com/charts/174_20260410133431.gif
Canada β Employment Change
The reading came in at 14.1K, below expectations of 20K, but significantly better than the previous negative print, indicating a gradual improvement in the labor market despite slower momentum.
Canada β Unemployment Rate
The rate held steady at 6.7%, better than expectations of 6.8%, reflecting relative stability in the labor market and potentially easing pressure on the central bank.
United States β Core CPI m/m
The reading came in at 0.2%, below expectations of 0.3%, signaling a modest slowdown in core inflation and supporting expectations of a potential easing in monetary policy.
United States β CPI m/m
Inflation rose by 0.9%, below expectations of 1.0%, indicating a slight easing in short-term inflationary pressures.
United States β CPI y/y
Annual inflation rose to 3.3%, coming in below expectations of 3.4%, but higher than the previous reading of 2.4%. This indicates that inflation is still picking up
The reading came in at 14.1K, below expectations of 20K, but significantly better than the previous negative print, indicating a gradual improvement in the labor market despite slower momentum.
Canada β Unemployment Rate
The rate held steady at 6.7%, better than expectations of 6.8%, reflecting relative stability in the labor market and potentially easing pressure on the central bank.
United States β Core CPI m/m
The reading came in at 0.2%, below expectations of 0.3%, signaling a modest slowdown in core inflation and supporting expectations of a potential easing in monetary policy.
United States β CPI m/m
Inflation rose by 0.9%, below expectations of 1.0%, indicating a slight easing in short-term inflationary pressures.
United States β CPI y/y
Annual inflation rose to 3.3%, coming in below expectations of 3.4%, but higher than the previous reading of 2.4%. This indicates that inflation is still picking up
EUR/USD intraday : the upside prevails as long as 1.1708 is support
Our pivot point is at 1.1708.
Our preference: the upside prevails as long as 1.1708 is support
Alternative scenario: below 1.1708, expect 1.1685 and 1.1671.
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 1.1707 and 1.1701).
Supports and resistances:
1.1810 **
1.1796 *
1.1781 **
1.1767
1.1732 last
1.1718
1.1708 **
1.1685 *
1.1671 **
https://charts.tradingcentral.com/charts/74_20260410154529.gif
Our pivot point is at 1.1708.
Our preference: the upside prevails as long as 1.1708 is support
Alternative scenario: below 1.1708, expect 1.1685 and 1.1671.
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 1.1707 and 1.1701).
Supports and resistances:
1.1810 **
1.1796 *
1.1781 **
1.1767
1.1732 last
1.1718
1.1708 **
1.1685 *
1.1671 **
https://charts.tradingcentral.com/charts/74_20260410154529.gif
Crude Oil (WTI) (K6) Intraday: key resistance at 100.30.
Pivot: 100.30
Our preference: short positions below 100.30 with targets at 96.00 & 94.10 in extension.
Alternative scenario: above 100.30 look for further upside with 102.70 & 104.70 as targets.
Comment: the upward potential is likely to be limited by the resistance at 100.30.
Supports and resistances:
104.70
102.70
100.30
99.07 Last
96.00
94.10
91.85
https://charts.tradingcentral.com/charts/174_20260410180636.gif
Pivot: 100.30
Our preference: short positions below 100.30 with targets at 96.00 & 94.10 in extension.
Alternative scenario: above 100.30 look for further upside with 102.70 & 104.70 as targets.
Comment: the upward potential is likely to be limited by the resistance at 100.30.
Supports and resistances:
104.70
102.70
100.30
99.07 Last
96.00
94.10
91.85
https://charts.tradingcentral.com/charts/174_20260410180636.gif
Gold Intraday: the bias remains bullish.
Pivot: 4730
Our preference: long positions above 4730 with targets at 4800 & 4835 in extension.
Alternative scenario: below 4730 look for further downside with 4700 & 4670 as targets.
Comment: the next resistances are at 4800 and then at 4835.
Supports and resistances:
4860
4835
4800
4756 Last
4730
4700
4670
https://charts.tradingcentral.com/charts/169_20260410180531.gif
Pivot: 4730
Our preference: long positions above 4730 with targets at 4800 & 4835 in extension.
Alternative scenario: below 4730 look for further downside with 4700 & 4670 as targets.
Comment: the next resistances are at 4800 and then at 4835.
Supports and resistances:
4860
4835
4800
4756 Last
4730
4700
4670
https://charts.tradingcentral.com/charts/169_20260410180531.gif
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!