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Gold price faces solid resistance – Analysis - 11-09-2023
Gold price bounced downwards clearly after finding solid resistance at 1929.00, noticing that the price begins to rise by today’s open, to head towards resuming the positive attempts, waiting to breach the mentioned resistance to confirm opening the way to head towards 1945.20 as a next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noticing that stochastic prepares to overlap positively to reinforce the positive overview, noting that breaking 1913.15 will stop the bullish trend and push the price to turn to decline again.
The expected trading range for today is between 1913.00 support and 1940.00 resistance.
The expected trend for today: Bullish
The USDCAD fails to confirm the breach – Analysis - 11-09-2023
The USDCAD pair couldn’t manage to hold for long time above 1.3680, to rebound bearishly and head towards visiting the bullish channel’s support line around 1.3580 initially, noting that breaking this level will extend the bearish wave to reach 1.3500 areas on the near-term basis.
MoreThe USDJPY presses on the support – Analysis - 11-09-2023
The USDJPY pair approached 148.00 barrier on last Friday, but it begins today with clear decline to start pressing on the key support 146.55, to head towards achieving expected decline in the upcoming sessions, motivated by stochastic negativity that appears clearly now, to head towards starting bearish correction that targets testing 145.55 initially.
MoreThe GBPUSD attempts positively - Analysis - 11-09-2023
The GBPUSD pair returns to test 1.2505 level, noticing that the price recorded higher lows that hint heading to rise in the upcoming sessions, noting that surpassing the mentioned level will push the price to 1.2625 mainly.
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