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Midday update for Gold 02-08-2022
Gold price fluctuates within tight track since morning, affected by stochastic negativity to show some slight bearish bias, but as long as the price is above 1755.70, our bullish overview will remain valid for today, supported by the EMA50, waiting to breach 1779.25 to confirm rallying towards 1802.80 as a next station.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 02-08-2022
The GBPUSD pair broke 1.2230 level clearly to open the way to turn towards the decline in the upcoming sessions, targeting testing 1.2100 before turning back to resume the bullish trend again.
MoreMidday update for the EURUSD 02-08-2022
The EURUSD pair shows clear negative trades after facing solid resistance at 1.0278, to test 1.0200 level, which urges caution from the upcoming trading, as continuing the decline and breaking this level will push the price to achieve additional decline that reaches 1.0100 before any new attempt to rise, while the price needs to breach 1.0278 to confirm rallying towards 1.0355 as a next positive target.
MoreCoffee price begins to decline – Analysis – 2-8-2022
Coffee price repeated the negative closings below the moving average 55 at 221.00, to keep the stability below the bearish channel and achieve the first target at 212.00.
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