• Attention Forex Brokers, FX Companies & Hedge Funds.
    forum.forex is available for Acquisition
    Enquire

Daily Strategy: 05/23 Forex, Gold, and Crude Oil Analysis

**Gold**

Pivot Point: 2394

- Current Price: 2380

- Below 2394, bearish outlook, target price at 2364, then 2354.
- Above 2394, bullish outlook, target price at 2406, then 2418.

RSI indicator trending downwards.

**EUR/USD**

Pivot Point: 1.0845

- Current Price: 1.0830

- Below 1.0845, bearish outlook, target price at 1.0805, then 1.0790.
- Above 1.0845, bullish outlook, target price at 1.0860, then 1.0875.

RSI indicator showing further downward trend.

**GBP/USD**

Pivot Point: 1.2745

- Current Price: 1.2720

- Below 1.2745, bearish outlook, target price at 1.2700, then 1.2685.
- Above 1.2745, bullish outlook, target price at 1.2760, then 1.2780.

RSI indicator is complex, tending towards a downward trend.

**USD/JPY**

Pivot Point: 156.45

- Current Price: 156.60

- Above 156.45, bullish outlook, target price at 157.00, then 157.20.
- Below 156.45, bearish outlook, target price at 156.25, then 156.05.

RSI indicator is bullish.

**USD/CHF**

Pivot Point: 0.9130

- Current Price: 0.9140

- Above 0.9130, bullish outlook, target price at 0.9160, then 0.9175.
- Below 0.9130, bearish outlook, target price at 0.9115, then 0.9100.

RSI indicator above the 50% neutral area.

**WTI Crude Oil Futures**

Pivot Point: 77.80

- Current Price: 77.50

- Below 77.80, bearish outlook, target price at 76.80, then 76.40.
- Above 77.80, bullish outlook, target price at 78.30, then 78.90.

RSI indicator trending downwards.

Forex trading community: [JRFX Asia 2024](https://t.me/jrfxasia2024)
 
Back
Top Bottom