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Land Prime analyst Shadi Abdo

  • Member of The Egyptian Society of Technical Analyst
  • Head of Education department, Market Strategist, Chief Technical Analyst of Global Leading Forex Brokerage companies
  • Trained over 5000 professional trainers more than 10 years
  • BSc in Economics from Mansoura University

24 October 2024

powered by Land Prime

  • EURUSD

Update: The pair is trading around 1.0782, close to a key support at 1.0776. Resistance is set at 1.0993, and a successful break could pave the way for a rise toward 1.1120. RSI is approaching the oversold region, suggesting a possible bounce, but a breach below 1.0776 may open the path toward 1.0594. Key levels to consider: 1.0850 – 1.0790.

Resistance levels: Support levels: Recommended:
1.1260
1.1200
1.1000
1.0700
1.0650
1.0600

Bearish below 1.0850

  • GBPUSD

Update: The chart above shows that the pair is currently trading around 1.2911. The main resistance is at 1.3035, and a sustained break above could lead to a test of 1.3258. On the downside, support is found at 1.2659, and a break below this level might expose 1.2320. The price is below the 50-day moving average, indicating downside pressure. Key levels to consider: 1.2911 – 1.2659.

Resistance levels: Support levels: Recommended:
▪ 1.3200
1.3100
▪ 1.3035
1.2800
1.2700
1.2659

Bullish above 1.3100

  • GOLD

Update: XAUUSD is currently trading around 2,719, close to a significant resistance zone at 2,736. A break above this resistance could lead to further gains toward 2,784. Conversely, if bullish momentum fails, the price may revisit the support at 2,684. The OsMA indicator shows positive momentum, suggesting a possible continuation of the uptrend. However, a breach below 2,684 may trigger a deeper correction, targeting 2,527. Key levels to watch: 2,719 – 2,684.

Resistance levels: Support levels: Recommended:
2890
2800
2700
2550
2500
2490
Bullish above 2527.

  • AUDUSD

Update: The pair is trading near 0.6632, having recently broken below support at 0.6650. The primary resistance to monitor is at 0.6824; a break above this level could enable a move toward 0.6868. If bearish momentum prevails, the pair could head lower toward the next support at 0.6533. The OsMA is currently negative, indicating potential downside pressure. Key levels of interest: 0.6650 – 0.6533.

Resistance levels: Support levels: Recommended:

▪ 0.7000
0.6900
0.6824

▪ 0.6600
0.6550
▪ 0.6500

Bearish below 0.6824

  • GBPJPY

 

Update:The chart above shows that the pair is trading at 197.07, approaching resistance at 200.40. A break above this level could extend gains further, while a failure to clear this resistance might see the price retreat toward support at 195.39. The stochastic indicator is nearing overbought levels, hinting at potential consolidation. Key levels to watch: 197.07 – 195.39.

Resistance levels: Support levels: Recommended:
200.00
199.00
198.00

 194.00
193.00
190.00

Bearish below 196.00

 

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