RedstoneFx Analyst
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Redstone Technical Report 8/4/2021

XAUUSD Up up.png

config.png First Scenario
Buy gold around 1740.00 with a target price of 1766.00

Alternative.png Alternative Scenario 
Sell gold around 1725.00 with a target price of 1700.00

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

config.png First Scenario
Buy Silver around 25.20 with a target price of 26.00

Alternative.png Alternative Scenario 
Sell silver around 24.75 with a target price 23.95

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

config.png First Scenario 
Buy Oil around 59.20 with a target at 61.30

Alternative.png Alternative Scenario 
Sell Oil around 58.00 with a target at 55.90

Comment.png Comments 
Trading above the support line favors the rise
EURUSD     Up up.png

config.png First Scenario 
Buy the pair around 1.1855 with a target price of 1.1985

Alternative.png Alternative Scenario 
Sell the pair around 1.1780 with a target price of 1.1650

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

config.png First Scenario
Sell the pair around 1.3790 with a target price of 1.3670

Alternative.png Alternative Scenario 
Buy the pair around 1.3860 with a target price of 1.3920

Comment.png Comments 
Breaking through the support line and trading below moving averages favors the fall
USDJPY Down down.png

config.png First Scenario 
Sell the pair around 109.75 with a target price of 109.05

Alternative.png Alternative Scenario 
Buy the pair around 110.15 with a target price of 110.85

Comment.png Comments 
Breaking through the support line and trading below moving averages favors the fall
USDCHF Down  down.png

config.png First Scenario 
Sell the pair around 0.9300 with a target price of 0.9230

Alternative.png Alternative Scenario 
Buy the pair around 0.9340 with a target price of 0.9410

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

config.png First Scenario 
Buy the pair around 0.7625 with target at 0.7695

Alternative.png Alternative Scenario 
Sell the pair around 0.7585 with a target at 0.7515

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

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