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Gold price suffers significant losses – Analysis - 23-11-2021
Gold price settled near 1800.00 level after the strong decline that it witnessed yesterday, which hints that the price is on its way to achieve more expected decline in the upcoming sessions, noting that surpassing this level will lead the price to visit 1770.00 direct.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1825.15 will release the price from the current negative pressure and push to start new recovery attempts that target testing 1860.00 areas initially.
The expected trading range for today is between 1785.00 support and 1820.00 resistance.
The expected trend for today: Bearish
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The USDCAD approaches the target – Analysis - 23-11-2021
The USDCAD pair continues to rise to reach the thresholds of the waited target at 1.2725, getting continuous positive support by the EMA50, and by taking a deeper look at the chart, we find that the price completed forming positive pattern that encourages us to suggest breaching the mentioned level and head to achieve additional gains that reach 1.2950.
MoreThe USDJPY surpasses the first target – Analysis - 23-11-2021
The USDJPY pair rallied upwards strongly to succeed achieving our first waited target at 114.70, and opened today with additional rise to breach this level and open the way to head towards our second target at 115.50, expecting the continuation of the rise on the intraday and short term basis to achieve additional gains that reach 117.00.
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