Midday update for Gold 06-04-2021
Gold price shows sideways trading since morning, hovering around 1735.00 level now, waiting to get positive motive that assists to push the price to resume the expected bullish trend for today, which gets positive support by the EMA50, reminding you that our next main target is located at 1765.00, while holding above 1709.00 represents key condition to achieve it.
The expected trading range for today is between 1715.00 support and 1760.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 06-04-2021
The GBPUSD pair tests the main bullish channel’s support line, which urges caution from the upcoming trading, as the price needs to consolidate above 1.3840 to keep the positive scenario active for today, as breaking it will press on the price to turn to decline, while the main waited positive target is located at 1.4000.
The expected trading range for today is between 1.3820 support and 1.4000 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 06-04-2021
The EURUSD pair resumes its positive trading to move away from 1.1780 level, which support the continuation of the expected bullish trend scenario for today, which gets good support by the EMA50, depending on the price stability above the mentioned level, reminding you that our next main target is located at 1.1885.
The expected trading range for today is between 1.1740 support and 1.1890 resistance.
The expected trend for today: Bullish
Natural gas price repeats the negative closings – Analysis – 6-4-2021
No change to Natural gas price negative track, as it keeps providing negative closings below 2.690 resistance, to confirm its preparation to start the previously suggested negative attack, also, stochastic approaches to 20 level to support our bearish overview, to keep waiting to record the negative targets near 2.280 and 2.000.
The expected trading range for today is between 2.610 and 2.280
The expected trend for today: Bearish