Evening update analysis for Gold 22-10-2021
Gold price traded with strong positivity to breach 1797.00 and reach 1814.00 level, and bounced bearishly to settle below the first level, waiting to get new positive momentum that assist to push the price to resume the positive trades that target 1825.15 mainly, reminding you that the continuation of the bullish trend requires holding above 1770.00.
Midday update for the NZDUSD 22-10-2021
The NZDUSD pair couldn’t manage to break 0.7145 level, to rebound bullishly and resume the main bullish track again, making the bullish trend suggested in the upcoming sessions, and we expect to surpass 0.7215 to confirm rallying towards 0.7300 as a next positive station.
We should note that breaking 0.7145 will stop the expected bullish rally and press on the price to achieve correctional negative targets.
The expected trading range for today is between 0.7150 support and 0.7230 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 22-10-2021
The AUDUSD pair bounced upwards clearly after leaning on 0.7455 level, to head towards regaining the main bullish trend followed by achieving positive targets that start at 0.7545 and extend to 0.7615, making the bullish bias suggested for the rest of the day, noting that breaking 0.7455 will stop the expected rise and press on the price to achieve more bearish correction.
The expected trading range for today is between 0.7455 support and 0.7545 resistance
The expected trend for today: Bullish
Midday update for Brent oil 22-10-2021
Brent oil price trades positively and attempts to confirm exiting the intraday bearish channel that appears on the chart, as it gets positive support by the EMA50, which makes us prefer to stay aside until the price confirms its situation according to 84.00 level to detect the next destination clearly.
Note that holding above the mentioned level will push the price to achieve new gains that start at 85.55 and extend to 88.00, while trading below it again will reactivate the negative scenario that its main target located at 82.20.
The expected trading range for today is between 82.50 support and 85.40 resistance.
The expected trend for today: Neutral