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Midday update for Gold 02-08-2016
Gold price resumes its positive trading now heading towards our waited target at 1375.00, motivated by the positive signal that come from stochastic, to keep the bullish trend valid efficiently for the rest of the day, supported by the EMA50 that we wait to allow the price to breach the mentioned level to open the way towards 1400.00 barrier as a next main station.
We remind you that the continuation of the expected bullish trend depends on the stability above 1312.00 and 1297.75 levels.
Expected trading range for today is between 1332.00 support and 1380.00 resistance.
Expected trend for today: Bullish
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Midday update for GBPUSD 02-08-2016
The GBPUSD pair continues to fluctuate near the EMA50, besides providing some slight positive trading this morning, while stochastic reaches the overbought levels again to form negative pressure that we wait to push the price to decline.
MoreMidday update for EURUSD 02-08-2016
The EURUSD pair resumed its positive trading to breach 1.1196 level and achieved four hours close above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, opening the way towards 1.1356 as a next main station.
MoreCopper repeats the fluctuation – Analysis – 2-8-2016
Copper price failed to achieve any new positive level yesterday due to the stability of 2.2800 resistance, to notice new sideways trading and approach from the moving average 55, while in general, the bullish overview will remain valid depending on the stability of 2.1410 support, waiting to form new bullish attack that allows it to achieve the waited breach and start reaching our targets that start at 2.3300 followed by 2.4400.
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