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Midday update for Gold 05-10-2021
Gold price attempts to break 1755.00 level, motivated by stochastic negativity, waiting for more decline to visit 1735.00 that represents our next main target, to keep the negative scenario valid and active for the rest of the day conditioned by the price stability below 1770.00.
The expected trading range for today is between 1740.00 support and 1775.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 05-10-2021
The GBPUSD pair provides new positive trades to attack 1.3625 level, which urges caution from the upcoming trading, as confirming the breach will stop the negative scenario suggested for today and lead the price to turn to rise, while the price needs to trade below 1.3600 again to reinforce the chances of resuming the bearish trend that its first target located at 1.3530.
MoreMidday update for the EURUSD 05-10-2021
The EURUSD pair shows slight bearish bias, crawls gradually towards the recorded low at 1.1563, waiting for more decline to break this level and confirm opening the way to head towards 1.1500, reminding you that the continuation of the bearish wave depends on the price stability below 1.1645.
MoreNatural gas price fluctuates below the barrier – Analysis – 5-10-2021
Natural gas price continued to provide weak sideways trades, affected by the stability of 6.307 barrier, to hinder the bullish rally and increase the chances of forming correctional bearish rebound.
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