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#RTKM

The stock is trading in the range of 365 and 135 moving averages. A “start fractal” has formed above the moving averages. A breakout of the start fractal will result in the formation of a 1-2-3 ascending pattern. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.

#RTKM rate online: monitor the price movement in real time.

Trading recommendations:

Buy above 94.40 (on the formation of a 1-2-3 ascending pattern).

Stop Loss at the price pivot zone of 94.00.

Target levels: 97.40; 100.00.

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its retracement of the third session from its lowest since July 17, overlooking the decline of the US dollar index and its stability near its lowest since the beginning of September, when it tested the lowest since late April 2018 according to the inverse relationship between them, amid a scarcity of economic data on Friday by the US economy.

At exactly 05:10 am GMT, gold futures contracts for next February delivery rose 0.04% to trade at $ 1,812.80 per ounce, compared to the opening at $ 1,812.10 per ounce, knowing that the contracts started the session on a rising price gap after yesterday's trading was concluded At $ 1,811.20 an ounce, amid the US dollar index retreating 0.11% to 91.92 compared to the opening at 92.02.

Later next week, markets are looking forward to Fed Governor Jerome Powell's testimony about the "CARES" Act before the US House of Representatives Financial Services Committee in Washington, and it is reported that Treasury Secretary Stephen Mnuchin sent a message last week to Fed Governor Powell stating that the amount is 455. The $ 1 billion allocated to the Treasury under the CARES Act must be available to Congress for reallocation.

Last week, we followed up on the Federal Reserve’s statement, in which it stated that it “prefers that the entire group of emergency facilities that were established during the Corona pandemic continue to play their important role as a support for our economy, which is still suffering from stress and weakness,” and this came within the Fed’s work to reassure financial markets. And investors that credit will remain available to help companies, local agencies and even non-profit organizations during the pandemic.

We would like to point out that some recent report indicates the possibility that the Federal Reserve will expand the adoption of monetary stimulus during the next December meeting, especially after announcing that it will comply with the Treasury Department's request to return unused funds. Otherwise, investors are also looking forward to later next week to The disclosure of the US labor market data for the month of November.

It is noteworthy that the Federal Reserve revealed last Wednesday the minutes of the meeting of the Federal Open Market Committee held on November 4-5, during which monetary policy makers decided to maintain interest rates at their lowest rates ever, between zero and 0.25% amid Emphasizing the importance of the fiscal stimulus policy to support the economy and discussing the possibility of increasing asset purchases to support the economy in its recovery from the Corona pandemic.

Technical analysis

The narrow range controls gold price trading in the past sessions, and therefore, there is no change to the scenario of the expected downside trend for the coming period, whose targets start at 1794.84 and extend to 1765.00 after surpassing the previous level, with a reminder of the importance of stability below 1819.00 and 1830.00 levels for the continuation of the expected negative scenario.

The expected trading range for today is between 1780.00 support and 1825.00 resistance

The expected general trend for today: Bearish

The Australian dollar fluctuated in a narrow range sloping upward during the Asian session, to witness its stability near its high in nearly three months against the US dollar amid economic data on Friday by the Australian economy and its US counterpart, the largest economy in the world.

At 04:34 GMT, the Australian dollar rose against the US dollar by 0.11% to 0.7370 levels, which is the highest level for the pair during the session's trading compared to the opening levels at 0.7362, while the pair achieved its lowest level during the session's trading at 0.7353.

Investors are looking forward next week to the decisions and directions of monetary policy makers at the Reserve Bank of Australia during a meeting in early December next, hours before Australian Central Bank Governor Philip Lowe testified before the Standing Committee for the Economy in the Australian House of Representatives in Canberra, and before the disclosure Second reading of Australia's GDP for the last third quarter.

On the other hand, markets are looking forward, later next week, to Fed Governor Jerome Powell's testimony about the "CARES" Act before the US House of Representatives Financial Services Committee in Washington, and it is reported that Treasury Secretary Stephen Mnuchin sent a message last week to Federal Reserve Governor Powell stating The $ 455 billion allocated to the Treasury under CARES should be available for Congress to reallocate.

Last week, we followed up on the Federal Reserve’s statement, in which it stated that it “prefers that the entire group of emergency facilities that were established during the Corona pandemic continue to play their important role as a support for our economy, which is still suffering from stress and weakness,” and this came within the Fed’s work to reassure financial markets. And investors that credit will remain available to help companies, local agencies and even non-profit organizations during the pandemic.

We would like to point out that some recent report indicates the possibility that the Federal Reserve will expand the adoption of monetary stimulus during the next December meeting, especially after announcing that it will comply with the Treasury Department's request to return unused funds. Otherwise, investors are also looking forward to later next week to The disclosure of the US labor market data for the month of November.

Technical analysis

The Australian dollar versus the US dollar shows slight positive trading in a sign of the price direction to resume the upward trend, noting that the stochastic indicator is providing a positive crossover signal now, waiting for the price to be stimulated to achieve our targets that start at 0.7413 and extend to 0.7530 after surpassing the previous level, noting that The continuation of the bullish wave requires stability above 0.7320.

The expected trading range for today is between 0.7320 support and 0.7430 resistance.

The expected general trend for today: Bullish.

GBPNZD

A “hammer” reversal candle pattern has formed on the H4 timeframe from the support level. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals an oversold condition.

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

Trading recommendations:

Buy at the close of the signal candle, if the “hammer” pattern persists.

Stop Loss at the local minimum: 1.9010.

Target levels: 1 — upper limit of the descending price channel; 2 — 1.9317.

The stock of Amazon (AMAZON) rose in its recent trading at the intraday levels, to try to drain some of its obvious selling saturation with the relative strength indicators, especially with the emergence of a positive crossover in it, to achieve gains in its last session by 0.07%, equivalent to 2.25 points, to settle at 3,131.06 Dollar, in light of the continuation of negative pressure in its trades below the simple moving average for the previous 50-day period, affected by the breach of a major rising trend line earlier, as shown in the attached chart.

Therefore, we expect the stock to return to its decline during its upcoming trading, throughout the stability of the resistance 3,170.17, targeting the pivotal support 2,887.75.

The expected direction for the stock's upcoming trades: A decrease in probability

EURUSD 

The pair can’t get past 1.1930 amid the persisting problems related to the COVID-19 pandemic in Europe. The lack of news about new support measures for the US economy and its citizens doesn’t weaken the dollar. In addition, Thanksgiving in the US has significantly reduced the activity of investors.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50 % level and is turning down. Stoch are still growing.

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

Trading recommendations:
Sell the pair if it doesn’t break through 1.1930 with a likely drop to 1.1860 (a Fibonacci retracement of 23%).

Thursday, November 26th, today’s news—jobless claims in the US rise for the second week in a row, reaching 778,000, which is above the forecasts. Asian markets rise, oil prices are up as the US stockpiles fall, gold also rises, bitcoin is down more than $1,000. The price of Brent oil is $48.64, WTI—$45.78, EUR/USD is at 1.1937, GBP/USD—1.3392, gold is $1,808.25 per ounce.

Futures contracts for gold prices fluctuated in a narrow range sloping to an upside during the Asian session, to witness its retracement of the third session from its lowest since July 17, amid the decline of the US dollar index to its lowest since the beginning of September, when it tested its lowest since late April 2018 According to the inverse relationship between them, amid a scarcity of economic data on Thursday by the US economy due to the Thanksgiving holiday in the United States.

At exactly 05:42 a.m. GMT, gold futures contracts for next February delivery rose 0.10% to trade at $ 1,813.90 an ounce compared to the opening at $ 1,812.10 an ounce, knowing that the contracts started the session on a rising price gap after yesterday's trading was concluded At $ 1,811.20 per ounce, amid the US dollar index retreating 0.01% to 91.93 compared to the opening at 91.94.

We have just followed up on the disclosure of the minutes of the Federal Open Market Committee meeting held on November 4-5, in which monetary policy makers at the Federal Reserve decided to keep interest rates at their lowest rates ever, between zero and 0.25%. Amidst stressing the importance of fiscal stimulus policy to support the economy and discussing the possibility of increasing asset purchases to support the economy in its recovery from the Corona pandemic.

On the other hand, we followed last Monday the announcement of the US Public Services Administration that Joe Biden had won the 2020 US presidential elections, to become the Democratic Party’s candidate for the forty-sixth US president to succeed Republican President Donald Trump, whose term ends on January 20 of next year 2021. That gave Trump the green light for the Services Administration to begin the immediate process of transferring power to the Biden administration.

Technical analysis

Gold price shows sideways trading in the past sessions, maintaining its stability below 1819.00, which keeps our bearish expectations valid and effective, waiting for the breach of 1794.84 to confirm the extension of the downside wave towards 1765.00, which represents our next main target.

In general, we continue to suggest the downside trend for the upcoming period supported by the negative pressure formed by the EMA50, reminding you of the importance of stability below 1819.00 and 1830.00 to achieve the suggested targets.

The expected trading range for today is between 1780.00 support and 1825.00 resistance

The expected general trend for today: Bearish

The US dollar fluctuated in a narrow range, tilted towards a decline during the Asian session against the Japanese yen, amid scarce economic data on Thursday by the Japanese economy and also scarce economic data by the US economy due to the Thanksgiving holiday in the United States.

At exactly 06:55 am GMT, the US dollar against the Japanese yen fell by 0.11% to 104.34 levels compared to the opening levels at 104.46, after the pair achieved its lowest level during the session's trading at 104.26, while it achieved its highest at 104.48.

We have just followed up on the disclosure of the minutes of the Federal Open Market Committee meeting held on November 4-5, in which monetary policy makers at the Federal Reserve decided to keep interest rates at their lowest rates ever, between zero and 0.25%. Amidst stressing the importance of fiscal stimulus policy to support the economy and discussing the possibility of increasing asset purchases to support the economy in its recovery from the Corona pandemic.

On the other hand, we followed last Monday the announcement of the US Public Services Administration that Joe Biden had won the 2020 US presidential elections, to become the Democratic Party’s candidate for the forty-sixth US president to succeed Republican President Donald Trump, whose term ends on January 20 of next year 2021. That gave Trump the green light for the Services Administration to begin the immediate process of transferring power to the Biden administration.

We also followed Tuesday the report on the fact that Biden is planning to nominate former Federal Reserve governor Janet Yellen for the position of Treasury Secretary, in the wake of the rare clash that occurred between the Treasury Department under the Trump administration with the Federal Reserve over the extension of the Federal Reserve’s pandemic emergency lending program, especially after Treasury Secretary Stephen Mnuchin refused to extend the emergency loan programs created with the Federal Reserve.

Technical analysis

The dollar versus yen pair shows quiet negative trading to start pressure on the EMA50, which supports the continuation of the expected bearish trend scenario for the upcoming period, whose targets start at 103.65, reminding you that breaking this level will extend the downside wave to 103.00 directly.

We point out that stability below 104.65 is important to achieve the suggested targets, as breaching it will lead the price to achieve new intraday gains targeting a test of 105.20 before any new negative attempt.

The expected trading range for today is between 103.50 support and 105.00 resistance

The expected general trend for today: Bearish

Cisco shares were able to breach the resistance level at 42.10 with the opening of the week's trading. As the week opened with a rising gap.

Trading continues above the moving averages, as the price moves away from it, therefore it is likely that we will witness a downward correction in the price in conjunction with the price reaching resistance.

The expected trading range is between 38.50 support and 42.13 resistance.

The expected trend for today: Neutral.