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End of day analysis for Gold 16-10-2020

Economies.com
2020-10-16 17:24PM UTC

Gold price presses on 1901.80 level in attempt to break it, which urges caution from the upcoming trading, as breaking this level will stop the positive scenario suggested in our major reports and press on the price to decline again, to open the way to achieve negative targets that start at 1880.00 and extend to 1860.90.

End of day analysis for the EURUSD 16-10-2020

Economies.com
2020-10-16 17:24PM UTC

The EURUSD pair attempted to breach 1.1720 level but it returns to attempt to trade below it again, which keeps our bearish overview valid for the upcoming period, which depends on the price stability below the mentioned level and below 1.1750, while its next main target located at 1.1540.

Midday update for Wheat price 16-10-2020

Economies.com
2020-10-16 10:19AM UTC

Wheat price shows sideways trading since morning, settling near 620.00 level, and as long as the price is above 608.50, our bullish overview will remain valid for today, supported by the EMA50, reminding you that we are waiting to visit 625.50 level as a next main target.

 

The expected trading range for today is between 610.00 support and 625.50 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 16-10-2020

Economies.com
2020-10-16 10:19AM UTC

Sugar price shows positive trades now to resume the expected main bullish track for the upcoming period, to keep our bullish overview that targets 15.14 level as a next main station, reminding you that it is important to hold above 13.73 to achieve the waited targets.

 

The expected trading range for today is between 14.00 support and 14.60 resistance

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3358.100 (2025-07-11 21:45PM UTC)