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Midday update for Gold 06-10-2021
Gold price managed to break 1755.00 level and settles below the bearish channel’s resistance again, which supports the continuation of our bearish overview efficiently for the rest of the day, and the way is open to head towards our first main target at 1735.00, reminding you that it is important to hold below 1770.00 to continue the expected decline.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 06-10-2021
The GBPUSD pair faced strong negative pressure to break 1.3600 level and settles inside the bearish channel again, to hint heading to return to the bearish track, but we prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 1.3530 support or breaching 1.3600 resistance.
MoreMidday update for the EURUSD 06-10-2021
The EURUSD pair managed to break 1.1563 level and settles below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards 1.1500 that represents our next main target, noting that the EMA50 continues to support the expected decline, which conditions holding below 1.1645.
MoreNatural gas price attacks the resistance – Analysis – 6-10-2021
Natural gas price formed new bullish rally to attack 6.300 resistance line, settling below it, reminding you that the continuous fluctuation below this resistance will form strong motive to start the correctional bearish track that might target 5.600 initially.
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