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Technical analysis – the beginning of the rise on gold

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In this report, we will provide an analysis of the best-expected trades for the most important pairs after the news of interest including gold XAU USD, Dow Jones, GBP USD, EURUSD, AUD USD and WTI oil for today.

XAU USD Gold Technical Analysis

If the pair holds above 1448.00, the pair will continue to climb and it is better to wait for a minor correction and then go long on the pair.

  • Resistance points 1558 – 1600
  • Support Points 1400 – 1448

The XAU USD metal gold chart on the 30-minute time frame

2019 11 13 GOLD - analysis

Dow Jones

In case of trading below the top at 27750, the index will continue to decline and it is better to wait for a minor correction and then go short on the index.

  • Resistance points 28890 – 28000
  • Support Points 25850 – 25390

The Dow Jones Chart on the time frame is 30 minutes

2019 11 13 US30 - analysis

EUR / USD

Should the pair hold above 1.0880, the pair will continue to climb and it is better to wait for a minor correction and then go long on the pair.

  • Resistance points 1.1163 – 1.1252
  • Support Points 1.0880 – 1.0575

The EUR / USD chart on the 30-minute time frame

2019 11 13 EURUSD

The GBP / USD pair

If the pair holds above 1.2204, the pair will continue to climb and it is better to wait for a minor correction and then go long on the pair.

  • Resistance points 1.2309 – 1.2175
  • Support Points 1.2204 – 1.1750

GBP / USD Chart on the 30-minute time frame

2019 11 13 GBPUSD

USDJPY

In case of stability below 109.35, the pair will continue to fall and it is better to wait for a minor correction and then go short.

  • Resistance points 108.50 – 109.35
  • Support Points 104.43 – 105.05

The USD / JPY chart on the 30-minute time frame

2019 11 13 USDJPY

AUD / USD

Should the pair hold above 0.6670, the pair will continue to climb and it is better to wait for a minor correction and then go long on the pair.

  • Resistance points 0.6796 – 0.6867
  • Support Points 0.6670 – 0.6520

The AUD / USD chart on the time frame is 30 minutes

2019 11 13 AUDUSD

Analysis of trades on WTI oil

In case of trading below the top at 63.50, the pair will continue to fall and it is better to wait for a minor correction and then go short.

  • Resistance points 58.60 – 63.50
  • Support Points 53.10 – 50.50

The WTI Oil Chart on the 30-minute time frame

2019 11 13 WTI

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Hassan Hadaoui
Hassan Hadaoui
Writer and Economist

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