Evening update analysis for Gold 12-01-2022
Gold price managed to breach 1825.15 level and attempts to hold above it, which supports the continuation of the bullish trend scenario efficiently in the upcoming sessions, on its way to visit 1860.00 as a next main station, while holding above 1825.15 represents initial condition to continue the expected rise.
Evening update for the EURUSD 12-01-2022
The EURUSD pair rallied upwards to breach 1.1375 and confirm opening the way to extend the bullish wave, opening the way to head towards our next target at 1.1500, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 1.1375.
Midday update for Brent oil 12-01-2022
Brent oil price settles above the bullish channel’s support line waiting to get positive motive that assist to push the price to continue the rise and achieve our positive targets that start at 84.55 and extend to 85.80, while holding above 82.80 represents key condition to continue the suggested bullish wave.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 12-01-2022
Crude oil price resumes its positive trading to attempt to breach 81.75, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that our extended targets reach 84.00 followed by 85.40, while achieving them requires holding above 79.80.
The expected trading range for today is between 80.00 support and 83.00 resistance.
The expected trend for today: Bullish