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Gold analysis


Gold failed to breach the resistance 1827.20, then returned to complete the descending path within the descending channel shown in the chart. And it reached the support level 1810.90 and is trying to breach it, and the target will be the level of 1780.00.

The moving averages formed resistance levels …

Are oil sanctions about to be canceled?


News of the day, Wednesday, May 18

Iran: sanctions over Russian crude export opened the market for Iranian oil.

Goldman Sachs has lowered the Chinese 2022 GDP prognosis from 4.5% to 4%.

Finland’s Rehn suggests ECB will increase the interest rate in the summer.

Billy Markus, a Dogecoin co-founder: 95% …

EUR/USD currency pair analysis


The EUR/USD pair managed to break the resistance 1.0475 and reached the first target at the level of 1.0560. Therefore, it is a positive sign to end the old bearish path and start a bullish correction that may turn into a new path if trades stabilize above 1.0560, and the …

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