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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making


DAILY TECHNICAL ANALYSIS 05/09/2022


Albemarle Corporation

ALB has a tentative trend line from mid-July. A negative divergence occurred between price and RSI and the price broke below the trend line.

If the price does not break above the R1 level, we may see a decline around S1.


XAUUSD

Gold continues to bear bearish signs, now the price has managed to retest the 1715 level with the RSI in balance.

If the price does not break above R1, we may see a further move down until 1618 Fibonacci level.

EURGBP

EURGBP has been trading in a range for a month and a half. Now the price breaks above the 0.8525 level with bullish signs, now the price seems to have found resistance at the 0.86772 level with declining momentum.

If the price failed to break above this level, we may see a corrective wave up to the previous level at 0.8525.


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