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Midday update for Gold 11-05-2021

Economies.com
2021-05-11 10:18AM UTC

Gold price continues to fluctuate around 1838.00 level, waiting to surpass this level followed by surpassing 1850.00 to confirm the continuation of the main bullish trend, reminding you that our next target reaches 1865.00.

 

Stochastic begins to provide positive overlapping signals that support the expected positive scenario, which will remain valid and active unless breaking 1825.00 and holding below it.

 

The expected trading range for today is between 1820.00 support and 1855.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 11-05-2021

Economies.com
2021-05-11 10:18AM UTC

The GBPUSD pair keeps its stability above the main bullish channel’s support line, while stochastic attempts to get rid of its negative momentum, thus, the bullish trend scenario will remain active for the upcoming period, which its next main target located at 1.4238, while achieving it requires holding above 1.4090.

 

The expected trading range for today is between 1.4050 support and 1.4210 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 11-05-2021

Economies.com
2021-05-11 10:18AM UTC

The EURUSD pair resumes its positive trading to start testing 1.2170 level, which supports the continuation of our bullish overview, motivated by stochastic positivity, waiting to surpass the mentioned level to confirm rallying towards 1.2300 that represents our next target, noting that it is important to hold above 1.2135 to continue the expected rise.

 

The expected trading range for today is between 1.2064 support and 1.2230 resistance.

 

The expected trend for today: Bullish

The EURNZD repeats the negative closings – Analysis – 11-5-2021

Economies.com
2021-05-11 07:19AM UTC

The EURNZD pair continued to provide negative closings below the bearish channel’s resistance at 1.6945, while confirming the continuation of the negativity for the upcoming trading, as assure the importance of crawling below the additional support at 1.6600 to manage to record many targets that start at 1.6510 followed by reaching 1.6320.

 

The expected trading range for today is between 1.6770 and 1.6510

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3349.270 (2025-07-03 04:35AM UTC)