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Midday update for Gold 06-12-2022

Economies.com
2022-12-06 10:24AM UTC

Gold price hovers around the EMA50, and keeps its stability above 1764.40 level, to keep the bullish trend scenario active for today, supported by stochastic positivity that appears clearly on the four hours time frame, waiting to resume the bullish wave that its targets begin by breaching 1777.00 to reinforce the expectations of heading towards 1800.00 followed by 1810.00 levels, reminding you that it is important to hold above 1764.40 to continue the expected rise.

 

The expected trading range for today is between 1760.00 support and 1795.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 06-12-2022

Economies.com
2022-12-06 10:24AM UTC

The GBPUSD pair fluctuates within tight track since morning, and as long as the price is above 1.2130, the bullish trend scenario will remain valid for today, supported by stochastic and the EMA50 positivity, reminding you that we are waiting to visit 1.2465 as a next main target.

 

The expected trading range for today is between 1.2130 support and 1.2300 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 06-12-2022

Economies.com
2022-12-06 10:24AM UTC

The EURUSD pair didn’t show any strong move since morning, to continue fluctuating near 1.0515 level, to continue with our neutrality until we get clearer signal for the next trend, to continue monitoring the price behavior according to the mentioned level.

 

To review the expected targets for the upcoming period, please check our morning report.

 

The expected trading range for today is between 1.0400 support and 1.0600 resistance.

 

The expected trend for today: Neutral

Coffee price is under the negative effect – Analysis – 6-12-2022

Economies.com
2022-12-06 05:37AM UTC

Coffee price still affected by the negative factors represented by 181.70 level forming additional barrier and the continuous negative momentum coming by the major indicators, to keep its fluctuation near 164.00.

 

We expect to form new bearish wave soon to target 155.40 followed by attempting to test the key support 146.00 that forms the key to detect the next main trend.

 

The expected trading range for today is between 170.00 and 155.40

 

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)