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We're Watching Gold, USD/TRY And NZD/USD

Published 03/19/2019, 11:57 AM
Updated 07/09/2023, 06:31 AM

Daily Technical Analysis

Gold

The Gold price moved up above the 1305 main level. As long as the yellow metal stays above 1305 on a four hourly basis, the upward movement may continue and the daily resistance level can be found at 1316. On the other hand, if the price drops below 1305, we will see 1291 as the next daily support level

  • Support: 1305 - 1291 - 1278
  • Resistance: 1316 - 1327 - 1338

USD/TRY showed an upward movement above the hourly support level of 5.4467. In the event that the rise continues, we will follow resistance levels at 5.5027 and 5.5457. On the other hand, if the pair falls below 5.4467, the daily support level can be found at 5.3982.

  • Support: 5.4467 - 5.3982 - 5.3188
  • Resistance: 5.5027 - 5.5468 - 5.5948

NZD/USD is now trading above the key support level of 0.6852. If the price is able to sustain above 0.6852 on a four hourly basis, upward movement may continue and the daily resistance level can be seen at 0.6916. On the other hand, if the price falls below 0.6852, the next daily support level will be located at 0.6773.

  • Support: 0.6852 - 0.6773 - 0.6722
  • Resistance: 0.6916 - 0.6982 - 0.7050

BTC/USD is trading below the daily resistance level of 4087. In order for the rise to gain more momentum, it needs to break out and sustains above 4087 on a daily basis. Should this occur, we will follow the next resistance level at 6433. Otherwise, the support level can be seen at 2438.

  • Support: 2438
  • Resistance: 4087 – 6433 – 8143

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