Technical analysis of some pairs

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Nov 21, 2024

GBP/USD chart on the hourly time frame

The GBP/USD price shows a slight bearish bias in an attempt to resume the expected bearish trend on the short-term, so the negative scenario remains valid on the short-term, reminding you that our main expected target is at 1.2566, while achieving it requires stability below 1.2735.
Resistance 3	Resistance 2	Resistance 1	Pivot Point	Support 1	Support 2	Support 3
1.26207	1.26248	1.26270	1.26310	1.26348	1.26373	1.26413

EUR/USD chart on the hourly time frame

EUR/USD price has provided temporary positive trades and is now returning to decline, so the bearish scenario remains effective for today, reminding us that our targets start with breaking 1.0496 to open the way for a rush towards 1.0400 as a next negative station.

Which will remain valid unless 1.0600 is breached and a daily close is maintained above it.
Resistance 3	Resistance 2	Resistance 1	Pivot Point	Support 1	Support 2	Support 3
1.05062	1.05119	1.05155	1.05212	1.05268	1.05302	1.05358

XAU/USD chart on the hourly time frame

Gold price resumes its positive trading to exceed the 2655.00 level and confirms the continuation of the bullish trend control for the rest of the day, opening the way to head towards our next target which reaches 2710.00.

In general, we will continue to favor the bullish trend for today unless the 2620.00 level is broken and stabilized below it.
Resistance 3	Resistance 2	Resistance 1	Pivot Point	Support 1	Support 2	Support 3
2663.17	2665.23	2666.63	2668.60	2670.38	2671.70	2673.95

USOIL chart on the hourly time frame

Oil price is trading positively now to move away from the 68.64 level and reinforces expectations of continuing the upward trend during the upcoming sessions, and the road is open to achieve our first expected target at 70.58, which breaking it represents the key to rushing towards 72.15 as the next positive station.

Therefore, we continue to favor the upward trend for today unless the 68.64 level is broken and stabilized below it.
Resistance 3	Resistance 2	Resistance 1	Pivot Point	Support 1	Support 2	Support 3
69.431	69.554	69.632	69.761	69.889	69.973	70.097

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