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Dec 11, 2024

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

The EUR/USD price continues to decline to move away from the 1.0806 level and reinforces expectations of the continuation of the downward trend for the rest of the day, awaiting further decline targeting the 1.0680 levels and then 1.0600 as the next main stations, reminding that the continuation of the downward wave depends on stability below the 1.0806 level.

Gold price shows sideways trading since the morning, stable above the main ascending trend line, so the upward trend scenario remains as it is for today, which depends on stability above the 2668.00 level, waiting for a positive incentive that pushes the price to resume the upward wave whose next target is at 2745.00.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2702.46
2698.73
2696.56
2692.71
2689.17
2686.56
2683.23
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil price shows additional positive trading to exceed the downtrend line shown on the chart and reinforces expectations of continuing the upward trend during the upcoming sessions, opening the way to head towards 70.58 which represents our next main target, which will remain in place 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
69.341
69.150
69.038
68.850
68.662
68.550
68.353
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