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Midday update for Gold 08-08-2022

Economies.com
2022-08-08 10:20AM UTC

Gold price resumes its positive trading and attempts to surpass the minor resistance 1779.25, reinforcing the expectations of continuing the bullish trend, which targets 1802.80 as a first positive station, noting that the EMA50 and stochastic continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1755.70.

 

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 08-08-2022

Economies.com
2022-08-08 10:20AM UTC

The GBPUSD pair shows positive trades in attempt to move away from 1.2045, and the price needs to surpass the EMA50 that forms good resistance at 1.2120 to reinforce the expectations of continuing the bullish trend, which its next target located at 1.2210, reminding you that the continuation of the bullish wave depends on the price stability above 1.2045.

 

The expected trading range for today is between 1.2000 support and 1.2170 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 08-08-2022

Economies.com
2022-08-08 10:20AM UTC

The EURUSD pair attempts to surpass 1.0200 level and finds solid resistance there, while stochastic continues to provide the positive signals, to keep the bullish trend scenario active for today, which its first target located at 1.0278, while achieving it requires holding above 1.01000.

 

The expected trading range for today is between 1.0120 support and 1.0278 resistance.

 

The expected trend for today: Bullish

The NZDCAD forms minor bearish channel – Analysis – 8-8-2022

Economies.com
2022-08-08 05:38AM UTC

The NZDCAD pair formed minor bearish channel recently, to notice its consolidation below 0.8115 resistance, to start crawling negatively near 0.8070.

 

The continuous stability of the mentioned resistance and stochastic attempt to provide the negative momentum allow us to expect renewing the negative attack, to press on 0.8030 level, while breaking it allow us to expect suffering many losses by moving towards 0.7985 followed by 0.7920.

 

The expected trading range for today is between 0.8100 and 0.8030

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3330.310 (2025-07-04 02:25AM UTC)