MargaretYang

MargaretYang

gold prices breached above multiple resistance levels this week, underscoring a strong upward trajectory. An immediate resistance level can be found at around 2,064 the 100% Fibonacci extension. A pullback from here may lead to a test of 2,007 for immediate support. The MACD indicator is trending higher above the neutral midpoint, suggesting that bullish momentum...

MargaretYang

- Ukraine crisis propelled a rally in gold, which is now at fresh 12-month high - Prices breached above a key resistance level of 1916 and exposed the next resistance of 1950 - overall trend remains bullish-biased as prices formed consecutive higher lows and higher highs - ongoing geopolitical disputes between Russia and Western powers over Ukraine may buoy demand...

MargaretYang

Hang Seng Tech Index has likely formed a "Double Bottom" chart pattern, which is perceived as a trend-reversing indicator The index has been consolidating for months, waiting for catalyst for a rebound Yesterday, China's state funds shored up stock prices via open market interventions, buoying hopes that the market has bottomed out

MargaretYang

The Dow Jones Industrial Average formed a “Bullish Engulfing” candlestick pattern as shown on the chart below, which is viewed as a trend-reversing signal Prices have entered a period of consolidation following a “Bearish Butterfly” chart pattern An immediate support level of 33,830 appears to be holding well, paving the way for a technical rebound The RSI...

MargaretYang

WTI crude oil prices hit the highest level seen since 2014, putting further pressure on policymakers to rein in inflation. Technically, prices are trending higher within an "Ascending Channel", extending its upward trajectory.

MargaretYang

The Hang Seng Index found some support at 24,850 and has since rebounded. Holding above this level may pave the way for a technical rebound towards 26,200 – the 61.8% Fibonacci retracement. The MACD indicator remains below the neutral midpoint, underscoring bearish momentum.

MargaretYang

- A successful attempt may open the door for further upside potential - MACD indicator is trending higher, underscoring upward momentum

MargaretYang

Gold prices risk forming a “Double Top” pattern after failing to breach the 1,835 resistance Immediate support levels can be found at 1,790 (neckline) and then 1,784 – the 61.8% Fibonacci retracement The MACD indicator is flattening, pointing to weak upward momentum

MargaretYang

Is the HSI forming a "Double Bottom" at key support 27,150?

MargaretYang

The Nasdaq 100 index pulled back from a key resistance level at 14,950 after failing to breach it. The index appears to have entered a healthy correction, which may pave the way for it to attempt higher highs. An immediate support level can be found at the 20-day SMA line. The MACD indicator formed a bearish crossover, suggesting that bearish pressure is building.

MargaretYang

- The Dow Jones risks forming a bearish "Triple Top" chart pattern if it fails to breach 34,920 for a third attempt - Bearish MACD divergence suggests that upward momentum may be fading

MargaretYang

- The Hang Seng Tech Index is attempting to breach the ceiling of the "Descending Channel" - A successful breakout may open the door for further upside potential and signal a bullish trend-reversal - an immediate resistance can be found at 8,266 - the 23.6% Fibonacci retracement

MargaretYang

- the Hang Seng Tech Index continued to trend lower within a "Descending Channel" - bullish MACD convergence signals upside potential if the index breaks the ceiling of the channel - the overall trend remains bearish-biased, and further consolidation is likely in the days to come - the center line of the channel can be viewed as an immediate support

MargaretYang

-Gold prices broke below the floor of the "Ascending Channel", signaling a bearish trend-reversal - Fed's hawkish gesture during the June FOMC meeting hammered bullion prices - 50-day SMA line may be viewed as an immediate support, breaching which may lead to further losses

MargaretYang

- the Hang Seng Tech Index is challenging the ceiling of the "Descending Channel". A successful try may open the door for further gains - Positive MACD Convergence underscores upward momentum - A pullback from here may intensify near-term selling pressure however

MargaretYang

- The Hang Seng Tech Index is trending lower within a "Descending Channel" - Bullish MACD Convergence suggests that a potential breakout above the channel is likely as buying pressure accumulates

MargaretYang

Gold is riding upward momentum with an attempt to breach a key resistance at $ 1,875. A successful attempt will likely open the door for further upside potential with an eye on $1,900.

MargaretYang

WTI is attempting to breach above a key resistance level at $ 66.50 - the 200% Fibonacci extension. Will it succeed this time? A failed attempt may lead to a pullback towards the 20-day SMA line for support.