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Midday update for Gold 10-02-2021
Gold price settles above the bearish channel’s resistance line, while the price still stuck between the trend confirmation levels represented by 1830.00 support and 1844.00 resistance, which makes us continue with our neutrality until the price confirms breaching one of these levels to detect its next targets clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1830.00 support and 1865.00 resistance.
The expected trend for today: Neutral
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Midday update for the GBPUSD 10-02-2021
The GBPUSD pair continues to rise to support the expectations of continuing the main bullish trend, and we believe that the way is open to head towards our next main target that reaches 1.3965, reminding you that the continuation of the suggested bullish wave depends on the price stability above 1.3720.
MoreMidday update for the EURUSD 10-02-2021
The EURUSD pair settles around 1.2130 level since morning, and as long as the price is above 1.2064, our bullish overview will remain valid for today, supported by the EMA50, noting that our main waited targets begin at 1.2171 and extend to 1.2300 after surpassing the previous level.
MoreCoffee price surrenders to the resistance line stability – Analysis – 10-2-2021
Coffee contracts’ price continued to form negative fluctuations due to its frequent negative stability below the major resistance at 129.50, to notice declining towards 122.55, expecting to resume the negative attempts in the near term period to target the moving average 55 at 119.00, followed by starting to renew the bullish attempts to repeat the pressure on the resistance in order to find a way to move to the bullish track in the upcoming period.
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