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Midday update for Gold 09-12-2019

Economies.com
2019-12-09 10:40AM UTC

Gold price shows weak trades since morning and settles around 1460.00, and we might witness some temporary rise affected by stochastic positivity before turning back to decline again.

 

In general, we will continue to suggest the correctional bearish trend as long as 1489.00 level remains intact, reminding you that our waited targets begin at 1447.00 and extend to 1413.10 after surpassing the previous level.

 

The expected trading range for today is between 1445.00 support and 1470.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 09-12-2019

Economies.com
2019-12-09 10:40AM UTC

The GBPUSD pair succeeded to touch our first waited target at 1.3180, as it shows new positive trades since morning, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our next target is located at 1.3380, while holding above 1.2990 represents key condition to achieve it.

 

The expected trading range for today is between 1.3080 support and 1.3240 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 09-12-2019

Economies.com
2019-12-09 10:39AM UTC

The EURUSD pair tests 1.1065 level now, affected by stochastic positivity, but as long as the price is below 1.1108, our bearish overview will remain valid, supported by the negative pressure formed by the EMA50, reminding you that we are waiting to target 1.0995 followed by 1.0950 levels as next main stations.

 

The expected trading range for today is between 1.0950 support and 1.1120 resistance.

 

The expected trend for today: Bearish

Copper price exits the negative track – Analysis – 09-12-2019

Economies.com
2019-12-09 07:52AM UTC

Copper price surrendered to the repeated positive pressures by forming a strong bullish wave, surpassing 2.7000 barrier, which confirms exiting the bearish correctional track, to reinforce the bullish scenario, which makes us prefer reaching several positive stations that might begin at 2.7450 and 2.8380.

 

The expected trading range for today is between 2.7000 and 2.8380

 

The expected trend for today: Bullish

 

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3343.610 (2025-07-14 21:05PM UTC)