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The overall trend is upward. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition. A breakout of 273.30 will result in the formation of a 1-2-3 ascending pattern.

Trading recommendations:

Buy at the break of 273.30.

Stop Loss: 268.00.

Target levels: 286.30; 306.50

Monday, November 30th, today’s news—European and Asia-Pacific markets fall, Dow dropped more than 200 points. Dollar is weaker, the Fed is expected to provide another liquidity injection, business confidence in the UK is at four-month low, no-deal Brexit fears persist. The price of Brent oil is $47.37, WTI—$44.84, EUR/USD is at 1.1980, GBP/USD—1.3319, gold is $1,780.20 per ounce.

Futures contracts for gold prices fell by nearly 1 percent during the Asian session to witness the lowest since the second of July, to prepare for its fourth consecutive monthly losses, overlooking the decline of the US dollar index to its lowest since late April 2018 according to the inverse relationship between them following developments and data Economic data that they followed from the Chinese economy, the largest consumer of minerals in the world and on the cusp of economic developments and data expected Monday by the US economy, the largest economy in the world.
 
At exactly 05:54 am GMT, gold futures contracts for February delivery fell 0.89% to trade at $ 1,775.00 per ounce, compared to the opening at $ 1,790.80 per ounce, knowing that the contracts started the session on a rising price gap after the week's trading ended. Last at $ 1,788.10 an ounce, while the US dollar index fell 0.05% to 91.71 compared to an opening at 91.76.
 
We also followed up on the disclosure of the China Federation of Logistics and Procurement (CFLP) of the industrial and service sector data for the past month, which indicated that the industrial sector expanded to a value of 52.4 compared to 51.4 in October, surpassing expectations that indicated an expansion of 51.6, and the expansion of the service sector to what Its value was 56.4 compared to 56.2 in October, also beating expectations for a contraction of the breadth to 56.0.
 
On the other hand, investors are currently awaiting the US economy, the largest industrial country in the world, to unveil the industrial sector data with the release of the Chicago PMI reading, which may reflect a contraction of the expansion to 59.4 compared to 61.1 in October, before the disclosure of data Housing market with the release of the Existing Home Sales reading, which may show a rise of 1.1% versus a decline of 2.2% in September.
 
Other than that, markets are looking forward tomorrow, Tuesday, and the day after tomorrow, Wednesday, to Fed Governor Jerome Powell's testimony about the "CARES" Act before the US Congress, both houses of the House and Senate in Washington. Earlier this month, Treasury Secretary Stephen Mnuchin sent a message to the Fed Governor. Powell suggested that the $ 455 billion allocated to the Treasury under the CARES Act should be available to Congress for reallocation.
 

Technical analysis

 
Gold price opened today's trading with an additional strong decline, to succeed in touching our awaited target at 1765.00, and face more negative pressure that encourages us to favor the continuation of the downside movement during the coming period, paving the way for heading towards 1691.85 areas as a next major station.
 
Consequently, the bearish trend will remain dominant in the intraday and short term, taking into account that failure to break 1765.00 will lead the price to start recovery attempts targeting the initial testing of 1794.84 areas before any new attempt to decline.
 
The expected trading range for today is between 1750.00 support and 1785.00 resistance
 
The expected general trend for today: Bearish

The US dollar fluctuated in a narrow range that tends to decline during the Asian session to prepare for its third consecutive monthly losses against the Japanese yen, following the economic developments and data that they followed earlier this week on the Japanese economy and on the cusp of economic developments and data expected today, Monday, by the US economy, the largest economy. In the world.

At exactly 07:09 am GMT, the US dollar against the Japanese yen fell by 0.20% to 103.86 levels compared to the opening levels at 104.07, after the pair achieved its lowest level during the session’s trading at 103.86, while it achieved its highest at 104.16, knowing that The pair commenced the session on a descending gap after the trading session ended last week at 104.09 levels.

We followed up on the Japanese economy, revealing the industrial sector data with the release of the preliminary reading of industrial production, which showed a slowdown in growth to 3.8% compared to 3.9% last September, surpassing expectations that indicated a slowdown in growth to 2.3%, while the annual reading of the same index showed a contraction. The decline to 3.2% versus 9.0%, also surpassing expectations that indicated a widening decline to 14.5%.

This came in conjunction with the release of the seasonally adjusted reading of the retail sales index, which showed a rise of 0.4% against a decline of 0.1% in September, contrary to expectations that indicated stability at zero levels, and the annual reading of the same index showed an increase of 6.4%, in line with expectations against a decline of 8.7%. Up to the disclosure of housing market data, with the release of the annual reading of the Housing Starts Index, which showed a decline in the decline to 8.3% from 9.9% in September, surpassing expectations that indicated a decrease in the decline to 9.0%.

On the other hand, investors are currently awaiting the US economy, the largest industrial country in the world, to unveil the industrial sector data with the release of the Chicago PMI reading, which may reflect a contraction of the expansion to 59.4 compared to 61.1 in October, before the disclosure of data Housing market with the release of the Existing Home Sales reading, which may show a rise of 1.1% versus a decline of 2.2% in September.

Otherwise, markets are looking forward tomorrow, Tuesday, and the day after tomorrow, Wednesday, to Fed Governor Jerome Powell's testimony about the "CARES" Act before the US Congress, both houses of the House of Representatives and the Senate in Washington, and it is reported that Treasury Secretary Stephen Mnuchin sent a message earlier this month to the Fed Governor Powell says the $ 455 billion allocated to the Treasury under the CARES Act should be available to Congress for reallocation.

Technical analysis

The dollar versus yen pair shows new negative trades with the opening of the day to reach the outskirts of the awaited target at 103.65, and is under constant negative pressure coming from the EMA 50, which supports the chances of breaking the aforementioned level and opening the way for an extension of the downside wave in the intraday and short term, reminding you that Next target reaches 103.00.

We point out that the continuation of the expected bearish trend requires stability below 104.50.

The expected trading range for today is between 103.20 support and 104.50 resistance

The expected general trend for today: Bearish

The Australian dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its highest since the beginning of September, when it tested its highest since the ninth of August 2018, and to promise to resume the monthly gain paths that stopped in the past two months after five months of gains against the dollar The American economy following the developments and the economic data they followed on the Australian economy and on the cusp of economic developments and data expected Monday by the US economy, the largest economy in the world.

At 04:13 AM GMT, the Australian dollar against the US dollar rose by 0.16% to 0.7392 levels compared to the opening levels, which are the lowest level for the pair during the session's trading at 0.7380, while the pair achieved its highest level in three months at 0.7407, knowing The pair started the session on a descending gap after ending last week’s trading at 0.7387 levels.

And we followed up on the Australian economy. The Melbourne Institute (MI) revealed a reading of the inflation gauge, which showed a growth of 0.3% against a contraction of 0.1% last October, while the annual reading of the same index showed an acceleration of growth to 1.4% compared to 1.1%, and that came before To witness the issuance of a reading of the total operating profits for companies, which showed the slowdown in growth to 3.2% compared to 15.8% in the second quarter, worse than expectations of 4.0%.

This came in conjunction with the release of the private sector credit index reading, which showed stability at zero levels, unchanged from the previous reading for the month of September, contrary to expectations that indicated a growth of 0.1%, while the annual reading of the same index showed slowing growth to 1.8% compared to 2.4%. In the previous annual reading for September.

This comes hours before the activities of the Australian Central Bank meeting, and the Reserve Bank of Australia unveiled two monetary policy and interest rate statements amid expectations of fixing the interest at its lowest ever at 0.25%. The Australian is in Canberra, revealing the second reading of Australia's GDP for the third quarter.

On the other hand, investors are currently awaiting the US economy, the largest industrial country in the world, to unveil the industrial sector data with the release of the Chicago PMI reading, which may reflect a contraction of the expansion to 59.4 compared to 61.1 in October, before the disclosure of data Housing market with the release of the Existing Home Sales reading, which may show a rise of 1.1% versus a decline of 2.2% in September.

Other than that, markets are looking forward tomorrow, Tuesday, and the day after tomorrow, Wednesday, to Fed Governor Jerome Powell's testimony about the "CARES" Act before the US Congress, both houses of the House and Senate in Washington. Earlier this month, Treasury Secretary Stephen Mnuchin sent a message to the Fed Governor. Powell suggested that the $ 455 billion allocated to the Treasury under the CARES Act should be available to Congress for reallocation.

Technical analysis

The Australian dollar versus the US dollar continues to rise to succeed in reaching the awaited target at 0.7413, and continues moving inside the bullish intraday channel that supports the chances of surpassing this level and paving the way for an extension of the bullish wave to reach 0.7530 as a next target.

Consequently, the bullish trend will remain valid and effective during the upcoming sessions, provided that the price maintains its stability above 0.7335.

The expected trading range for today is between 0.7335 support and 0.7460 resistance

The expected general trend for today: Bullish

Aeroflot stock continues to rise after it managed to breach the resistance 68.30 in an attempt to end the bearish path and return to the upside again.

The price is moving above the moving averages 507-20- after it was able to breach it by the end of last week, which became moving near the support level 68.31 and pressures the price to continue rising.

The stochastic oscillator is moving within a sideways path in the overbought area, thus it tries to pressure the price to continue to rise

General path of movement: an upward path

EURUSD
The pair is technically overbought. It can turn down and noticeably correct amid the overall market correction.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving out of the overbought zone. Stoch are also turning down in the overbought zone.
EURUSD rate online: monitor the price movement in real time.

Trading recommendations:
Sell the pair if it breaks 1.1962 with a likely drop to 1.1900 (23% Fibonacci retracement).

#ABT

The stock is trading in the range of the lower border of the ascending price channel. Stochastic Oscillator signals an oversold condition. A breakout of the inclined channel of the descending pattern will result in a further upward movement.

Trading recommendations:

Buy when a 1-2-3 ascending pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.

Stop Loss: 105.50.

Target levels: 111.50; 114.53.

CHFJPY 

The currency pair is trading in the main downward price channel. A false breakout of the resistance level has formed on the H4 timeframe, which resulted in the Pin Bar reversal pattern. Awesome Oscillator indicator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. A breakout of the signal candle in the H4 timeframe will result in the formation of a 1-2-3 descending pattern.

CHFJPY rate online: monitor the price movement in real time.

Trading recommendations:

Sell at the breakout of 114.89.

Stop Loss: 115.17.

Target levels: 114.56; 113.80.

Friday, November 27th, today’s news—China's industrial profits rise for the sixth consecutive month, jumping 28.2% in October. European and Asian markets rise, oil and dollar weaken, bitcoin is down nearly $3,000. The price of Brent oil is $47.69, WTI—$44.91, EUR/USD is at 1.1928, GBP/USD—1.3370, gold is $1,808.00 per ounce.