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Midday update for Gold 11-01-2021
Gold price shows positive trades to breach 1838.10 and attempts to hold above it, which urges caution from the upcoming trading, as holding with a daily close above this level will stop the morning suggested negative scenario and leads the price to achieve intraday gains that start at 1882.00 followed by 1918.00.
The expected trading range for today is between 1800.00 support and 1860.00 resistance.
The expected trend for today: Bearish
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Midday update for the GBPUSD 11-01-2021
The GBPUSD pair shows new bearish bias to approach gradually from our first waited negative target at 1.3430, and the negative effect of the triple top pattern still active, which supports the chances of continuing the decline towards the second target at 1.3380, to continue suggesting the bearish trend in the upcoming sessions unless the price rallied to breach 1.3550 and hold above it.
MoreMidday update for the EURUSD 11-01-2021
The EURUSD pair begins attempts to break 1.2173 level, which supports the continuation of our bearish overview efficiently for the rest of the day, paving the way to head towards our next correctional target that reaches 1.2064, noting that the continuation of the bearish wave requires holding below 1.2173.
MoreThe GBPCHF awaits the positive momentum – Analysis – 11-1-2021
The GBPCHF pair formed weak sideways trades recently due to the lack of the positive momentum, to settle near the initial support at 1.1950, noting that the stability of the moving average 55 near the current support will increase the chances of gathering the positive momentum to manage to renew the bullish attempts until reaching 1.2075 followed by 1.2205 targets.
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