Gold price hovers around the intraday bullish channel’s resistance, affected by stochastic negativity that hinders the mission of continuing the rise, waiting to get positive motive that assist to push the price to achieve our main expected target at 2000.00.

Until now, the bullish trend scenario still valid and active for the upcoming period supported by the EMA50, reminding you that it is important to hold above 1960.00 to continue the expected rise.

The expected trading range for today is between 1950.00 support and 2000.00 resistance.

The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0170	-0.0049	0.4790%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2107	0.0003	0.0215%

	Silver	20.118	-0.132	0.652%

	Oil	86.723	-0.538	0.617%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1774.990	-6.695	0.376%
Midday update for Gold 16-08-2022

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