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Midday update for Gold 07-10-2021

Economies.com
2021-10-07 09:27AM UTC

Gold price provided new positive trades to approach 1770.00 level, and as long as the price is below this level, our bearish overview will remain valid for today, supported by stochastic negativity, reminding you that our main waited target is located at 1735.00.

 

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 07-10-2021

Economies.com
2021-10-07 09:27AM UTC

The GBPUSD pair tested the key resistance 1.3600 without managing to breach it, to remain confined between this resistance and 1.3530 support, and as we mentioned this morning, these levels represent the next trend keys, waiting to breach one of them to detect the next targets clearly.

 

Therefore, we will continue with our neutrality until now, and to review the expected targets after breaching the mentioned levels, please check our morning report.

 

The expected trading range for today is between 1.3490 support and 1.3670 resistance.

 

The expected trend for today: Neutral

Midday update for the EURUSD 07-10-2021

Economies.com
2021-10-07 09:26AM UTC

The EURUSD pair continues to fluctuate around 1.1563 level and still below it until now, accompanied by stochastic loss to the positive momentum, which keeps our bearish overview valid for today, supported by the negative pressure formed by the EMA50, reminding you that our first main target is located at 1.1500.

 

The expected trading range for today is between 1.1460 support and 1.1620 resistance.

 

The expected trend for today: Bearish

Natural gas price records the initial target – Analysis – 7-10-2021

Economies.com
2021-10-07 05:00AM UTC

Natural gas price kept its negative stability below the resistance at 6.300, to force it to begin the bearish correctional track, to notice its approach from the initial negative target at 5.600.

 

Note that stochastic exit from the overbought level will increase the chances for gathering the negative momentum in the current period, to increase the chances for resuming the negative attack, to expect reaching 5.350 then attempt to test the initial support at 4.880. 

 

The expected trading range for today is between 5.900 and 5.350

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3349.270 (2025-07-03 04:35AM UTC)