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The resistance level of 238.15 is holding back buyers. Stochastic Oscillator indicator signals oversoldness. The MACD indicator generates a downward movement signal. Support level is 229.63.

Trading recommendations:

Sell below 229.63.

Stop loss - 238.15.

Target levels: 222.26; 216.70; 211.00.

When buying an option against a trend, it is necessary to confirm other technical analysis tools – the presence of divergence, candlestick reversal patterns. Buy against the trend strictly on the retest level! Buying an option before publishing important economic news is considered risky.  The expiration time depends on the strength of the level and confirmation by additional technical and fundamental analysis tools.

Gold on the spot is trading higher as the investors are abandoning risk assets, while the demand for defensive assets (including this metal) is increasing. The continued tension over caused by the coronavirus will push prices up.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the 50% level and is declining. Stoch indicate a weakening of the price decline.

Trading recommendations:

The resumption of gold purchases is possible if it holds above the level of 1576.75 with a likely price increase to 1593.00.

The Sber Bank share continues to rise after stabilizing above the 260.95 resistance, continuing the bullish path for the Spire Bank share.

The price remains above 260.95, a prerequisite for the continuation of the bullish price action. While breaching this level will lead the price to the corrective decline towards 250.46.

Price action above the moving averages that move in an upward order under the price and constitute a positive price pressure factor.

The stochastic oscillator started to decline after exiting the overbought zone, and this was reflected in the price by a downward correction towards a level.

The general direction of the movement: bullish.

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce from the lowest since January 8th, when it tested the lowest since October 10 against the Japanese yen amid the scarcity of economic data by the Japanese economy at the beginning of this. The week is on the cusp of developments and economic data expected today Monday by the US economy, which includes a recorded speech by the member of the Federal Open Market Committee and President of the New York Federal Reserve John Williams, and in the shadow of concern over the spread of the Corona virus.

At exactly 05:57 AM GMT, the US dollar pair rose against the Japanese yen by 0.05% to 109.07 levels, compared to the opening levels at 109.02, after achieving its highest level during the trading session at 109.12, while achieving the lowest in three weeks at 108.73.

Investors are currently awaiting the presentation of a member of the Federal Committee and President of the New York Federal Reserve Bank John Williams opening remarks in the Puerto Rico Beach program in San Juan, via a pre-recorded video, before we witness the disclosure of the US housing market data with the release of the New Home Sales Index, which may It shows that the growth accelerated to 1.6% or about 731 thousand homes, compared to 1.3% at about 719 thousand homes last November.

This comes hours before the disclosure tomorrow, Tuesday, of the Durable Goods Orders reading, which represents about half of the consumer spending that represents more than two thirds of the gross domestic product in the United States, which may reflect a rise after its decline in November, before the release of a confidence index reading Consumers for the current month, which may reflect a widening from what it was in December.

Up to the start of the activities of the Federal Open Market Committee meeting on January 28-29 in Washington, which is expected to maintain the short-term benchmark interest rates for the third consecutive meeting at between 1.50% and 1.75%, before the press conference to be held. Federal Reserve Governor Jerome Powell half an hour after the FOMC meeting meeting expires on Wednesday.

After that, next Thursday, the markets are looking to reveal the initial reading of the United States’s GDP for the fourth quarter, which may show the fastest growth of the largest economy in the world to 2.2% compared to 2.1% in the third quarter, while the initial reading of the measured GDP may reflect Prices for the last quarter quarter stabilized at a pace of 1.8%, little changed from what it was in the third quarter.

Other than that, we followed yesterday, Sunday, the Chinese National Health Committee reported that the ability of the coronavirus to spread is getting stronger and that the infection may continue to rise, explaining that there are more than 2,700 confirmed cases of the disease and more than 80 deaths from the deadly virus so far in China This came hours after Chinese President Xi Jinping last Saturday ordered a faster response, and teams have been dispatched to heavily affected areas to enhance prevention and containment.

In the same context, China announced that it will extend the duration of the Lunar New Year holidays that started last Saturday to ten days from a week, specifically until the second of next February, and that schools and universities will return to resume their educational activities from the holidays later than usual, while it announced a city China-ruled Hong Kong will ban entry to people who visited Hubei Province in the past two weeks.

It is reported that the World Health Organization last week considered the Coronavirus, which started in Wuhan, China, as an "emergency in China", after initially expressing that "it is too early to consider this event as a public health emergency of international concern", so that it remains of Before the organization is limited to China and not at the world level, knowing that Canada confirmed its first case, and America announced yesterday the fifth case, and the spread of the virus in more than 15 countries.

Technic al analysis

The dollar versus the yen made a clear break of 109.33 and settled below it, which puts the price under expected negative pressure over the intraday basis, mainly on its way to test the 108.40 level.

We point out the importance of monitoring the price when the mentioned level is reached, as its steadfastness against the negative pressure will push the price to resume trading within the bullish channel that appears in the image, heading towards achieving positive goals that start at 109.33 then 110.50, while breaking it will pressure the price to incur more losses and target the 107.45 level As a next negative station.

The expected trading range for today is between 108.40 support and 109.70 resistance.

Expected trend for today: bearish.

Gold price futures fluctuated in a narrow range tilted to a decline during the Asian session after trading began this week on an upward price gap with concern about the rapid spread of the Corona virus to test its highest since January 8, when it tested the highest since March 18 / March 2013 amid the rise of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected today Monday by the US economy, which includes a recorded speech of a member of the Federal Committee and President of the New York Federal Reserve John Williams.

At exactly 03:52 AM GMT, gold price futures for February delivery fell 0.01% to trade at $ 1,558.30 per ounce compared to the opening at $ 1,586.10 per ounce, knowing that the contracts started the trading session on an upward price gap after the week's trades were concluded The past at $ 1,578.20 an ounce, with the US dollar index rising 0.06% to 97.87 compared to the opening at 97.81.

Investors are currently awaiting the presentation of a member of the Federal Committee and President of the New York Federal Reserve Bank John Williams opening remarks in the Puerto Rico Beach program in San Juan, via a pre-recorded video, before we witness the disclosure of the US housing market data with the release of the New Home Sales Index, which may It shows that the growth accelerated to 1.6% or about 731 thousand homes, compared to 1.3% at about 719 thousand homes last November.

This comes hours before tomorrow, Tuesday, the disclosure of the reading of the durable goods orders index, which represents about half of the consumer spending that represents more than two thirds of the gross domestic product in the United States, which may reflect a rise after its decline in November, before the release of the confidence index reading Consumers for the current month, which may reflect a widening from what it was in December.

Up to the start of the activities of the Federal Open Market Committee meeting on January 28-29 in Washington, which is expected to maintain the short-term benchmark interest rates for the third consecutive meeting at between 1.50% and 1.75%, before the press conference to be held. Federal Reserve Governor Jerome Powell half an hour after the FOMC meeting meeting expires on Wednesday.

After that, next Thursday, the markets are looking to reveal the initial reading of the United States’s GDP for the fourth quarter, which may show the fastest growth of the largest economy in the world to 2.2% compared to 2.1% in the third quarter, while the initial reading of the measured GDP may reflect Prices for the last quarter quarter stabilized at a pace of 1.8%, little changed from what it was in the third quarter.

Other than that, we followed Sunday, the Chinese National Health Committee stated that the ability of the coronavirus to spread is getting stronger and that the infection may continue to rise, explaining that there are more than 2,700 confirmed cases of the disease and more than 80 deaths from the deadly virus so far in China This came hours after Chinese President Xi Jinping last Saturday ordered a faster response, and teams have been dispatched to heavily affected areas to enhance prevention and containment.

In the same context, China announced that it will extend the duration of the Lunar New Year holidays that started last Saturday to ten days from a week, specifically until the second of next February, and that schools and universities will return to resume their educational activities from the holidays later than usual, while it announced a city China-ruled Hong Kong will ban entry to people who visited Hubei Province in the past two weeks.

It is reported that the World Health Organization last week considered the Coronavirus, which started in Wuhan, China, as an "emergency in China", after initially expressing that "it is too early to consider this event as a public health emergency of international concern", so that it remains of Before the organization is limited to China and not at the world level, knowing that Canada confirmed its first case, and America announced yesterday the fifth case, and the spread of the virus in more than 15 countries.

Technical analysis

Gold price opened positive trading today to exceed the level of 1575.90 and settle above it, which supports expectations to continue the bullish direction in the intraday and short term, opening the way for heading towards the previously recorded top at 1611.20 as the next main target.

Consequently, the upside scenario will remain valid for the coming period supported by the EMA50, noting that breaking 1575.90 and holding below it may pressure the price to test 1554.10 areas again before any new attempt to rise.

The expected trading range for today is between 1570.00 support and 1600.00 resistance.

Expected trend for today: bullish.

The euro currency fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce to the second session from the lowest since the second of December against the US dollar on the threshold of developments and economic data expected on Monday by the largest economies of the euro area Germany and the US economy, which includes talk Registered for the Federal Open Market Committee member and New York Federal Reserve Chairman John Williams.

At 05:33 am GMT, the euro pair rose against the US dollar by 0.04% to 1.1027 levels compared to the opening levels at 1.1023, after the pair achieved its highest level during the trading session at 1.1037, while achieving the lowest at 1.1021.

Markets are looking to Germany to reveal the IFO reading of the business climate, which may show a widening of 97.1 versus 95.0 in December, as the reading of the same indicator may show a widening of 94.8 to 93.8, and the same reading of the assessments may reflect The current rate also widened to 99.1 versus 98.8 in December.

Otherwise, investors are waiting for the end of the week and the current month for Britain to officially exit the European Union following the signing by the President of the European Commission and the European Council at the end of last week of the agreement of the United Kingdom’s withdrawal from the united bloc in preparation for its presentation to Parliament in the united bloc before tomorrow after Wednesday, and it is reported that European Commission President Ursula von Derlin recently confirmed that signing the agreement ends the period of uncertainty.

On the other hand, the markets are looking forward to presenting Federal Committee member and President of the New York Federal Reserve John Williams opening remarks in Puerto Rico Beach in San Juan, via a pre-recorded video, before the US housing market data is revealed with the release of the New Home Sales Index, which It may explain the acceleration of growth to 1.6% or about 731 thousand homes compared to 1.3% at about 719 thousand homes in November.

This comes hours before the disclosure of tomorrow, Tuesday, the reading of the durable goods orders index, which represents about half of the consumer spending that represents more than two thirds of the gross domestic product in the United States, which may reflect a rise after its decline in November, before the release of the confidence index reading Consumers for the current month, which may reflect a widening from what it was in December.

Up to the start of the activities of the Federal Open Market Committee meeting January 28-29 in Washington, which is expected to remain on the short-term benchmark interest rates for the third consecutive meeting at between 1.50% and 1.75%, before the press conference to be held Federal Reserve Governor Jerome Powell half an hour after the FOMC meeting meeting expires on Wednesday.

After that, next Thursday, the markets are looking to reveal the initial reading of the United States’s GDP for the fourth quarter, which may show the fastest growth of the largest economy in the world to 2.2% compared to 2.1% in the third quarter, while the initial reading of the measured GDP may reflect Prices for the last quarter quarter stabilized at a pace of 1.8%, little changed from what it was in the third quarter.

Technical analysis

The euro against the dollar creep negatively to gradually approach our first awaited negative target at 1.0985, and it falls under the negative pressure formed by the EMA50, to support the chances of extending the descending wave during the coming period, noting that exceeding the mentioned level will push the price to 1.0880.

Therefore, we will continue to favor the bearish trend for the next period unless the price rushes to breach the 1.1080 level and stability above it.

The expected trading range for today is between 1.0940 support and 1.1080 resistance.

Expected trend for today: bearish.

The Australian dollar fluctuated in a narrow range slanting back down during the Asian session to witness its bounce to the fifteenth session in nineteen sessions from the lowest since July 23 against the US dollar amid the scarcity of economic data at the beginning of this week from the Australian economy due to the holiday celebrating Australia Day And on the cusp of developments and economic data expected on Monday by the US economy, which includes a recorded speech by a member of the Federal Open Market Committee and President of the New York Federal Reserve Bank John Williams.

At exactly 02:34 AM GMT, the Australian dollar pair fell against the US dollar 0.21% to 0.6803 levels compared to the opening levels at 0.6817, after the pair achieved its lowest level since the tenth of last December at 0.6827, while achieving the highest during The session traded at 0.6827, knowing that the pair started the trading session on a falling price gap after it concluded the trading last week at 0.6832.

Investors are currently awaiting the presentation of a member of the Federal Committee and President of the New York Federal Reserve Bank John Williams opening remarks in the Puerto Rico Beach program in San Juan, via a pre-recorded video, before we witness the disclosure of the US housing market data with the release of the New Home Sales Index, which may It shows that the growth accelerated to 1.6% or about 731 thousand homes, compared to 1.3% at about 719 thousand homes last November.

This comes hours before the disclosure tomorrow, Tuesday, of the Durable Goods Orders reading, which represents about half of the consumer spending that represents more than two thirds of the gross domestic product in the United States, which may reflect a rise after its decline in November, before the release of a confidence index reading Consumers for the current month, which may reflect a widening from what it was in December.

Up to the start of the activities of the Federal Open Market Committee meeting January 28-29 in Washington, which is expected to remain on the short-term benchmark interest rates for the third consecutive meeting at between 1.50% and 1.75%, before the press conference to be held Federal Reserve Governor Jerome Powell half an hour after the FOMC meeting meeting expires on Wednesday.

After that, next Thursday, the markets are looking to reveal the initial reading of the United States’s GDP for the fourth quarter, which may show the fastest growth of the largest economy in the world to 2.2% compared to 2.1% in the third quarter, while the initial reading of the measured GDP may reflect Prices for the last quarter quarter stabilized at a pace of 1.8%, little changed from what it was in the third quarter.

Technical analysis

The Australian dollar versus the US dollar shows more bearish tendency to attack the bullish channel's support and is moving below it now, indicating that the price trend to achieve more decline during the coming period, is on its way to visit the previously recorded bottom at 0.6670 as a first negative target.

Therefore, the downside will be expected unless the 0.6875 level is breached and stability above it.

The expected trading range for today is between 0.6750 support and 0.6840 resistance.

Expected trend for today: bearish.

The hammer reversal pattern was formed on the H4 timeframe. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. The currency pair is trading in the range of the round important level 1.0700.

Trading recommendations:

Buy above the round secondary level of 1.0720.

Stop loss – 1.0673.

Target levels: 1.0750; 1.0780.

The stock is trading in the support level range of 30.10 – 30.00. Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicator signals oversoldness. The formation of the 123 pattern will break through the inclined channel of the descending pattern.

Trading recommendations:

Buy while an ascending 123 pattern is forming, as the inclined channel of the descending pattern is breached.

Stop Loss – 30.00.

Target levels: 31.10. 32.00.