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Gold price resumes the bullish bias – Analysis - 08-12-2022

Economies.com
2022-12-08 04:30AM UTC

Gold price provided clear positive trades to attempt to return to the bullish channel that appears on the chart, waiting to get positive momentum that assists to push the price to surpass 1790.00 and ease the mission of heading towards 1810.00 as a next positive station, noting that breaching this level will extend the bullish wave to reach 1850.00 areas.

 

Therefore, we will continue to suggest the bullish trend unless breaking 1764.40 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

The USDCAD attempts to breach – Analysis - 08-12-2022

Economies.com
2022-12-08 04:30AM UTC

The USDCAD pair faced temporary negative pressure yesterday but it rises again to attempt to breach 136.80 level now, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to open the way to head towards our next positive target that reaches 1.3800.

 

Therefore, the bullish trend will remain valid unless breaking 1.3600 and holding below it.

 

The expected trading range for today is between 1.3600 support and 1.3770 resistance.

The expected trend for today: Bullish

The USDJPY gets a positive signal – Analysis - 08-12-2022

Economies.com
2022-12-08 04:30AM UTC

The USDJPY pair keeps its stability above 136.50 level, noticing that stochastic begins to overlap positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 137.50 followed by 139.45 levels as next main stations.

 

Therefore, the bullish trend scenario will remain active conditioned by the price stability above 136.50.

The expected trading range for today is between 136.00 support and 137.80 resistance

The expected trend for today: Bullish

The GBPUSD needs positive momentum - Analysis - 08-12-2022

Economies.com
2022-12-08 04:29AM UTC

The GBPUSD pair shows some slight bearish bias now to move around 1.2200 level, affected by stochastic negativity, while the EMA50 continues to support the price from below, to keep the chances valid to continue the expected bullish trend on the intraday and short term basis, which its next target located at 1.2345.

 

Note that breaking 1.2130 will stop the expected rise and press on the price to start bearish correction that its targets begin by visiting 1.1925 areas.

 

The expected trading range for today is between 1.2120 support and 1.2290 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3328.310 (2025-07-04 02:55AM UTC)