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Midday update for Gold 04-05-2021
Gold price tests the support base formed above 1785.00 after breaching it previously and keeps its stability above it until now, which keep the bullish trend scenario active for today, waiting to head towards 1838.00 as a next main target, reminding you that breaking the mentioned support will put the price under negative pressure that targets visiting 1765.00 areas before any new positive attempt.
The expected trading range for today is between 1780.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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Midday update for the GBPUSD 04-05-2021
The GBPUSD pair shows negative trades now affected by stochastic negativity, waiting to lean on the key support 1.3820 and return to resume the rise again.
MoreMidday update for the EURUSD 04-05-2021
The EURUSD pair bounced downwards clearly after testing 1.2064 level, which support the continuation of our bearish overview efficiently for the upcoming sessions, and the way is open to achieve our waited target at 1.1975, noting that stochastic provides negative trades that we expect to motivate the price to break the mentioned level and open the way to head towards 1.1880 as a next negative station.
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