RedstoneFx Analyst
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Redstone Technical Report 8/3/2021

XAUUSD Down down.png

config.png First Scenario 
Sell gold around 1710.00 with a target price of 1670.00

Alternative.png Alternative Scenario 
Buy gold around 1733.00 with a target price of 1770.00

Comment.png Comments 
Trading below moving averages and the resistance line favors the fall
XAGUSD Down down.png
config.png First Scenario 
Sell Silver around 25.70 with a target price of 24.75

Alternative.png Alternative Scenario 
Buy silver around 26.25 with a target price 27.20

Comment.png Comments 
Trading below moving averages and the resistance line favors the fall
USOIL Up up.png

config.png First Scenario 
Buy Oil around 66.50 with a target at 68.40

Alternative.png Alternative Scenario 
Sell Oil around 65.80 with a target at 63.80

Comment.png Comments 
Trading above the support and moving averages favours the rise
EURUSD  Down  down.png

config.png First Scenario 
Sell the pair around 1.1900 with a target price of 1.1730

Alternative.png Alternative Scenario 
Buy the pair around 1.2000 with a target price of 1.2170

Comment.png Comments 
Trading below the resistance and moving averages favours the fall
USDJPY Up up.png

config.png First Scenario 
Buy the pair around 108.25 with a target price of 109.10

Alternative.png Alternative Scenario 
Sell the pair around 107.75 with a target price of 106.85

Comment.png Comments 
Trading above moving averages and the support line favors the rise
US30 Up up.png

config.png First Scenario 
Buy the index around 31400.00 with a target price of 31835.00

Alternative.png Alternative Scenario 
Sell the index around 31200.00 with a target price of 30860.00

Comment.png Comments 
Breach in the resistance line and trading above moving averages favors the rise
USDCHF Up up.png

config.png First Scenario 
Buy the pair around 0.9300 with a target price of 0.9385

Alternative.png Alternative Scenario 
Sell the pair around 0.9250 with a target price of 0.9160

Comment.png Comments 
Trading above the support line and moving averages favors the rise
USDCAD Down down.png

config.png First Scenario 
Sell the pair around 1.2675 with a target price of 1.2560

Alternative.png Alternative Scenario 
Buy the pair around 1.2725 with a target price of 1.2750

Comment.png Comments 
Trading below moving averages favors the fall but breaking through the support line is required to confirm the trend

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