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Gold price faces solid support – Analysis - 06-10-2021
Gold price continues to fluctuate around the breached resistance of the bearish channel that appears on the chart, waiting to get negative motive that assists to push the price to break the support line formed at 1755.00 and confirm rallying towards our main expected target at 1735.00.
In general, we will continue to suggest the bearish trend for the upcoming period as long as 1770.00 level remains intact, as breaching this level will lead the price to turn to rise and achieve gains that start by visiting 1800.00 areas.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bearish
The USDCAD retests the broken support – Analysis - 06-10-2021
The USDCAD pair is retesting 1.2600 level that was broken previously and keeps its stability below it, to keep the negative pressure valid on the intraday basis, waiting to head towards 1.2495 that represents our next main target.
MoreThe USDJPY resumes the rise – Analysis - 06-10-2021
The USDJPY pair traded with clear positivity yesterday to surpass the minor resistance 111.40 and settles above it, which supports the continuation of our bullish overview efficiently, and the way is open to head towards our main waited target at 112.05.
MoreThe GBPUSD breaches the resistance - Analysis - 06-10-2021
The GBPUSD pair breached the bearish channel’s resistance clearly and settled above it, testing the support base formed above 1.3600 level, making the bullish bias suggested for the upcoming sessions, on its way to visit 1.3720 as a next main target.
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