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Midday update for Gold 11-09-2023
Gold price shows new attempts to breach 1929.00 level, which supports the continuation of our bullish overview for today, reminding you that the main waited target is located at 1945.20.
Stochastic positivity supports the chances of rising in the upcoming sessions, taking into consideration that failing to achieve the required breach will push the price to decline towards 1913.15 initially before any new attempt to rise.
The expected trading range for today is between 1913.00 support and 1940.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 11-09-2023
The GBPUSD pair managed to surpass 1.2505 level and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, paving the way to head towards 1.2625 that represents our next main target.
MoreMidday update for the EURUSD 11-09-2023
The EURUSD pair shows more bullish bias, to keep the bullish trend scenario valid and active for today, motivated by stochastic positivity, waiting to visit 1.0785 that represents our next main target.
MoreThe GBPSEK is below the resistance – Analysis – 11-9-2023
The GBPSEK pair kept the efficiency of the bearish track by providing frequent closings below 14.0200 resistance, to notice the beginning of forming negative waves and touch 13.7837, also, stochastic exit from the overbought areas will increase the chances of gathering the negative momentum to increase the chances of starting to the additional negative stations located at 13.7440 and 13.6740 levels.
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