BTC 12.24.2019 - Daily anlaysis, rejection of the mulit pivot resistance at $7.650

Technical analysis on the Bitcoin:

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According to the daily time-frame, BTC did test and reject of the main multi pivot resistance at the price of $7.650. Bitcoin filled the gap area to the downside and It confirmed that sellers are still present.

Support levels are seen at :

$7.200

$7.000

$6.600

Resistance levels are seen at:

$7.650

$7.850

MACD slow line is still negative and below the zero. Overall, the trend is still down, Watch for selling opportunities.

The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD analysis for December 24,2019 - Upside breakout of the pivot reistance at 1.2958, watch for buying opportuntiies

GBP has been trading upwards in the past 24 hours as I expected. The broke the important pivot resistance at 1.2960. There is the failed bear flag pattern in the background, which is sign that buyers are in control. Upward targets and resistance levels to watch are set at 1.2979, 1.2995 and 1.3030.

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MACD oscillator is showing mew momentum on the upside and slow line is sloping upside.

Support level is seen at the price of 1.2958.

Watch for buying opportunities on the dips on the lower frames like 5/15 minutes time-frame.

The material has been provided by InstaForex Company - www.instaforex.com

Gold 12.24.2019 - Strong bullish breakout and larger time-frame traders participation, our main target at $1.515 is on the

Gold has been trading upwards in the past 24 hours as I expected. The price tested the level of $1.500. The upside breakout is still valid and there is chance for the potential test of $1.515, which is my main target.

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Watch for buying opportunities on the dips and main target at the price of $1.515.

MACD oscillator is showing mew momentum and it is confirming strong bullish condition.

Resistance level is seen at the price of $1.515 and after that at $1.534

Support level is seen at the price of $1.486.

In my opinion, there is the the influence from the larger time-frame traders in this bullish movement and it might have bigger bullish impact .

The material has been provided by InstaForex Company - www.instaforex.com