|
Midday update for Gold 01-05-2023
Gold prices attempted to break 1982.00 but it faces solid support there, to show some slight bullish bias now, affected by stochastic current positivity, while the EMA50 continues to press negatively on the price to keep the chances valid to continue the expected correctional bearish trend.
We remind you that our next main target is located at 1957.30, while achieving it requires holding below 1992.20 and 2007.00 levels.
The expected trading range for today is between 1960.00 support and 1995.00 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Midday update for the GBPUSD 01-05-2023
The GBPUSD pair faced negative pressure to break 1.2550 and settles below it, which urges caution from the upcoming trading, as holding below this level represents negative factor that will press on the price to decline and test 1.2470 areas initially before any new positive attempt.
MoreMidday update for the EURUSD 01-05-2023
The EURUSD pair shows calm negative trades to move below the EMA50, reinforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our waited target is located at 1.0945.
MoreThe GBPAUD hits the second target – Analysis – 1-5-2023
The GBPAUD pair formed strong bullish rally recently, to move away from 1.8450 support and achieve many gains by reaching the second main target at 1.9030, while this level might form intraday barrier against the bullish attempts, to expect forming temporary sideways fluctuation until achieving the required breach followed by starting to target the additional stations by rallying towards .9160 followed by reaching 1.9370 in the upcoming period.
More