OnePro 12/22Market report (GBPUSD/ USOIL/ XAUUSD)

OnePro 12/22Market report (GBPUSD/ USOIL/ XAUUSD)

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GBPUSD – D1

The situation of the new variant in the UK is not ideal as the number of confirmed daily reached a new high. There had been 12 cases of passing away because of the new variant in the UK. The British deputy prime minister said that he would not rule out further implementing epidemic prevention restrictions at Christmas.

GBPUSD is currently trading close to the recent swing low of 1.31606, and the Current Technical Analysis of alligator and KD are death crosses. Therefore, the probability of having a new low in the short term is high. Below the recent lows, there are very few supports below.

Resistance 1: 1.33800/ Resistance 2: 1.35200/ Resistance 3: 1.38500

Support 1: 1.31500

USOIL – D1

The number of confirmed cases of the new coronavirus variant Omicron continues to hit a record high as France is expected to limit New Year's Eve activities. The number of confirmed cases in the United Kingdom in a single day and the hospitalization rate are also rapidly increasing. Investors are afraid of another outbreak. Recalling the tragic situation of crude oil last year, crude oil prices fell sharply today and USOIL directly jumped down to 66.936 USD per barrel.

In terms of technical analysis, the current market decline may look to encounter the price support of the recent lows of 61.721. The opening of the Alligator and KD death crosses appear again and the technical shows that the probability of challenging the recent lows this week is high.

Resistance 1: 73.500/ Resistance 2: 76.580/ Resistance 3: 85.100

Support 1: 61.720

XAUUSD – D1

The US Commodity Futures Trading Commission CFTC report shows that the net long order of gold decreased by 6.8% compared with the previous week. The situation of the reduction of gold futures has been on for 4 consecutive weeks with the recent epidemic, interest rate increases, inflation and other unstable factors like the Christmas holiday. These unstable factors caused the gold price to move in a consolidated fashion and without a general direction.

From the perspective of only technical analysis, with the Alligator at the tangle and KD into the 80 position, this indicates that the recent gold price is more likely to have a large up and down fluctuation and still not easy to break into a main direction. Gold as a whole, still maintains an upward trajectory with close supports at the bottom.

Resistance 1: 1812.80/ Resistance 2: 1833.80/ Resistance 3: 1876.50

Support 1: 1754.59/ Support 2: 1720.59/ Support 3: 1683.50