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Midday update for Gold 08-10-2021
Gold price continues to fluctuate around the EMA50, and as long as the price is below 1770.00, our bearish overview will remain valid for today, organized inside the bearish channel, reminding you that we are waiting to visit 1735.00 initially, which breaking it represents the key to rally towards 1692.00 as a next main target.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bearish
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Midday update for the GBPUSD 08-10-2021
The GBPUSD pair faces negative pressure now to attack 1.3600 level, which urges caution from the upcoming trading, as breaking this level followed by breaking 1.3555 will stop the suggested positive scenario and put the price under the negative pressure again, while the price needs to step above 1.3600 to regain the bullish trend that targets 1.3660 followed by 1.3720 as next main stations.
MoreMidday update for the EURUSD 08-10-2021
The EURUSD pair didn’t show any strong move since morning, waiting the release of the economic data from the USA, which might cause mixed trades at the markets.
MoreNatural gas price forms new bullish channel – Analysis – 8-10-2021
Natural gas price ended its negative rebound by providing positive close above 5.260 that forms the bullish channel’s support line that appears on the chart, while the price fluctuation above the moving average 55 at 5.480 allows us to suggest more bullish attempts to expect targeting 6.250 level, while surpassing this level might extend trades towards the major resistance near 6.640.
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