Technical Analysis: Gold bears catch a breather but 200-SMA guards immediate upside

Having recently dropped to the early December 2020 lows, gold prices bounce off $1817 to currently around $1840. Even so, the corrective pullback stays below 200-SMA. Other than the SMA breakdown, bea

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Technical Analysis: Gold sellers aren’t invited beyond $1889

Although pullback from $1959 directs gold sellers to attack a confluence of 50-SMA and an ascending trend line from November 30, currently around $1,908, the yellow metal bulls keep the reins until th

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Technical Analysis: 10-month-old resistance line probes EURUSD bulls near April 2018 top

EURUSD snaps three-day uptrend while reversing from the highest since April 2018 on early Thursday. The currency major bears the burden of overbought RSI conditions while nearing an upward sloping tre

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Technical Analysis: Rising wedge at multi-month top teases AUDUSD bears ahead of Georgia election results

AUD/USD teases a 33-month high around 0.7780 inside a bearish chart pattern as global markets await Georgia’s Senate runoff. Although Democrats are likely to snatch Republicans’ control ov

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Technical Analysis: Brent oil buyers can ignore short-term support break

Despite breaking an ascending trend line from early November, Brent oil remains beyond 21-day SMA. However, a clear break beyond the previous support line, now resistance, around $51.30 becomes necess

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