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Midday update for Gold 06-12-2021

Economies.com
2021-12-06 10:12AM UTC

Gold price shows slight negative trades to hint resuming the expected bearish wave for today, motivated by stochastic negativity, waiting for more decline to test 1770.00 that represents our first target, noting that the EMA50 supports the suggested negative scenario, which will remain valid unless breaching 1797.00 and holding with a daily close above it.

 

The expected trading range for today is between 1760.00 support and 1797.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 06-12-2021

Economies.com
2021-12-06 10:11AM UTC

The GBPUSD pair trades positively now, affected by stochastic positivity, while the overall bearish trend still valid, supported by the EMA50 that presses negatively on the price, waiting to head towards 1.3160 that represent our next main target, reminding you that the continuation of the bearish wave depends on the price stability below 1.3355 and 1.3385 levels.

 

The expected trading range for today is between 1.3150 support and 1.3300 resistance.

 

The expected trend for today: Bearish

Midday update for the EURUSD 06-12-2021

Economies.com
2021-12-06 10:11AM UTC

The EURUSD pair shows weak trades since morning, settling below the EMA50 that forms negative pressure against the price, to keep our bearish overview that depends on the price stability below 1.1375, reminding you that we are waiting to visit 1.1145 as a next main target.

 

The expected trading range for today is between 1.1200 support and 1.1360 resistance.

 

The expected trend for today: Bearish

The AUDJPY gets new negative momentum – Analysis – 6-12-2021

Economies.com
2021-12-06 05:53AM UTC

The AUDJPY pair gathered new negative momentum to manage to resume the negative attack, noticing providing negative close now below 50% Fibonacci correction level at 80.10.

 

Also, the negative stability below the moving average 55 will increase the chances of gathering the additional negative momentum, to increase the chances of renewing the negative attempts until reaching the additional stations at 78.45 and 77.85.

 

The expected trading range for today is between 80.00 and 78.45

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3337.460 (2025-07-04 23:55PM UTC)