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Gold price needs negative motive – Analysis - 19-06-2023

Gold prices resume their negative trading after the temporary rise that it witnessed in the previous sessions, to fluctuate around the EMA50 now, waiting for more decline to test 1945.20 initially, reminding you that breaking this level will push the price to visit the next correctional level at 1913.15.
Stochastic current positivity interprets the reasons for the current sideways fluctuation, waiting to get a negative motive that assists to push the price to resume the expected bearish wave, noting that breaching 1977.25 will stop the correctional bearish trend and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1935.00 support and 1970.00 resistance.

The expected trend for today: Overall bearish

https://www.bbc.com/urdu/articles/ce904yl601vo

کریڈٹ سوئس: کس طرح بینکنگ کے ’بادشاہ‘ کے زبردست زوال نے سوئٹزرلینڈ کی ساکھ کو نقصان پہنچایا ہے - BBC News اردو کس طرح کریڈٹ سوئس کی تباہی نے سوئٹزرلینڈ کی پیسے کے لیے محفوظ جگہ کہلائی جانے والی ساکھ کو نقصان پہنچایا ہے۔

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Fibo levels of the Day.

Oil below the broken trend

US OIL is moving below the broken trend on the weekly chart.

And it seems that it is trying to move higher with the support of the Stochastic Oscillator indicator.

But, there's much more to the direction of Oil than what is seen on the chart.

Read this before you consider trading US OIL, and share your insights in the comments: