2023-06-26 08:19:00
analysis
The price will start in an upward trend, and the main reason will be the current situation in Russia, which will support the price to rise to 1953, then higher than it will be 2000.
But if it stabilizes below 1920, it will drop to touch 1875 for the next week.
So be careful, the direction of gold will move depending on the situation in Russia and the news in the US for this week.
Pivot price: 1920 Support price: 1905, 1890, and 1875 Resistance prices: 1953, 1973, and 2012 The expected trading range for this week is between the support level 1911 and the resistance 2000 Next week trend: bearish with fluctuations
Dow Jones
Dow Jones is still trying to consolidate its negative trend for this week as well
As long as it is below 33830, the price will drop to 33500 and 33330.
However, stability above 33880 will touch 34030 & 34250.
Pivot price: 33820 Support price: 33500, 33330, and 33100 Resistance price: 33960, 34050, and 34170 The range of movement for this week is between 33820 and 33330 Sloping: bearish
S&P 500
This week will be negative for the S&P 500 because the situation is not good and the technical chart already looks downtrend
The price will start to decline as long as trading is below 4358 to reach 4309 and 4278 for this week
Also, it is possible to retest up to 4391 and then drop
But if the price reverses and settles above 4391, it will support the rise to reach 4424 and 4441.
Pivot price 4358.000 Support prices: 4338, 4309, and 4278 Resistance prices: 4391, 4424, and 4441 The moving range for today is between 4358 and 4309 Trend: bearish
Nasdaq
The price will support the decline, because it might already settle below this week’s strong resistance, which was 15050
So depending on the bad situation and the technical chart, the price will try to drop to 14600 and 14430 for the next week.
Otherwise, price stability above the resistance area at 15260 will support reaching 15390 and 15600.
Pivot price: 15060 Resistance price: 15260 & 15390 & 15550 Support price: 14820, 14645 & 14430 The range of movement ranges between 15100 and 14600 for this week Trend: Bearish
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