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Gold rises calmly – Analysis - 23-01-2018
Gold price begins today’s trading with calm bullish bias after retesting the previously breached resistance of the bullish flag pattern that appears on the chart, which support the continuation of our bullish overview in the upcoming sessions, and we believe that the way is open to visit 1357.50 that represents our next main target.
Therefore, we are waiting for more rise today, noting that breaching the mentioned level will extend Gold price gains to reach 1375.00 followed by 1404.00, while holding above 1321.40 represents key condition to achieve the waited targets.
Expected trading range for today is between 1325.00 support and 1350.00 resistance.
Expected trend for today: Bullish
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USDCAD crawls downwards – Analysis - 23-01-2018
The USDCAD pair shows calm negative trades to move below 1.2470 level now, which supports the continuation of our bearish overview in the upcoming sessions, reminding you that the price is confined inside bearish pennant pattern that its support line located at 1.2370, thus, we are waiting to break it to motivate the price to continue the overall bearish trend.
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The USDJPY pair showed new test to 111.00 level and kept its stability below it, to open today’s trading with bearish bias that hints resuming the correctional bearish trend in the upcoming sessions, supported by the negative pressure formed by the EMA50, besides the negative signal provided now by stochastic.
MoreGBPUSD hits the first target – Analysis - 23-01-2018
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