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Gold price continues to rise – Analysis - 17-08-2021
Gold price shows more bullish bias to approach gradually from the waited target at 1797.00, moving inside the bullish channel that appears on the chart, which supports the chances of surpassing the mentioned level and achieve more expected gains on the short term basis, noting that the next target reaches 1825.15.
The EMA50 supports the price from below, to continue suggesting the bullish trend in the upcoming sessions unless breaking 1770.00 and holding below it.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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The GBPUSD resumes the decline - Analysis - 17-08-2021
The GBPUSD pair resumes its negative trading after retesting 1.3875 level in the previous sessions, supported by the negative pressure formed by the EMA50, waiting to visit 1.3760 initially, which breaking it represents the key to extend the bearish wave towards 1.3680.
MoreThe EURUSD declines again – Analysis - 17-08-2021
The EURUSD pair ended yesterday below 1.1780 level, starting today with slight bearish bias to move away gradually from this level, which reactivates the bearish trend scenario that moves inside the bearish channel that appears on the chart, on its way to achieve negative targets that start at 1.1700 and extend to 1.1605.
MoreMidday update for Wheat price 16-08-2021
Wheat price breached the bullish flag’s resistance clearly, but it shows some bearish bias to head towards testing the key support 768.00, and as long as the price is above this level, our bullish overview will remain valid for today, supported by the EMA50, reminding you that our main waited targets begin at 790.00 followed by 800.00.
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