Happy big day everyone ????
technical outlook
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gold
Gold was able to breach the resistance at $2020 to head to test the advance at 2041, trading above $2000 suggests the continuation of the uptrend due to a decline in bond yields
oil
Oil rebounded from the resistance levels at $81 to head to test the support at $78, trading below this level leads to the next support direction to $73
euro dollars
The euro was able to break the resistance at $1.09299, to head to test $1.10328 levels in the uptrend, due to the decline in the US dollar index with the beginning of trading.
bitcoin
After the rebound of the digital safe haven, Bitcoin, from $28,444 levels, to head to test the support at $27,822, knowing that trading above $27,822 suggests a continuation of the ascending channel.
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Gold rose today, 1.8%, after the release of the manufacturing purchasing managers’ reports for the month of March, with employment data less than expected, accompanied by a decline in the dollar and US bond yields.
This temporary drop in the dollar and bonds could temporarily revive stocks amid the impending impeachment trial of former US President Trump
Note: We hope that speculators and investors will not mislead the rumors of gold reaching levels of $3009, which would cause unjustified buying and panic, while looking at scientific technical analysis to protect their portfolios.
Have a nice and blessed day ??
