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Gold price hits the extended target – Analysis - 18-06-2021
Gold price succeeded to touch the extended target at 1770.00 and begins to rebound bullishly from there, as this level represents 61.8% Fibonacci correction for the entire rise measured from 1677.80 to 1916.25, to expect starting bullish wave and recover in the upcoming sessions.
Therefore, the bullish bias will be expected for today, and breaching 1800.00 is required to reinforce the expectations to rise and achieve gains that start at 1825.15, taking into consideration that breaking 1770.00 will stop the suggested positive scenario and press on the price to suffer new losses that reach 1734.10.
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 USDCAD achieves more gains – Analysis - 18-06-2021
The USDCAD pair managed to achieve our extended target at 1.2330 and surpassed it to close the daily candlestick above it, which leads the price to achieve more expected gains in the upcoming sessions, as the next target reaches 1.2405.
MoreThe USDJPY is forced for some decline – Analysis - 18-06-2021
The USDJPY pair bounced bearishly yesterday to approach testing the EMA50 that forms good intraday support against the price, accompanied by stochastic reach to the oversold areas, which forms positive motive that we are waiting to assist to push the price to resume the main bullish trend, which its next target located at 111.05.
MoreThe GBPUSD achieves the extended target - Analysis - 18-06-2021
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