Midday update for Gold 12-09-2019
Gold price rallies to the upside clearly to breach 1498.00 level and attempts to settle above it, providing signals for heading towrdas beginning recovery attempts on the intraday basis, we prefer staying aside temporarily until the price confirm its attitude from the mentioned level, pointing that confirming the breach will lead the price to achieve gains that begin at 1520.00 then 1550.00, while the trading below it again will reacenario that its next target at 1480.00
The expected trading range for today is between 1477.00 support and 1500.00 resistance.
The expected trend for today: Neutral
Midday update for the GBPUSD 12-09-2019
The GBPUSD pair keeps fluctuating near 1.2326 level, and the price remains confined between the mentioned support and 1.2400 resistance, therefore, we keep our neutrality until the price confirm breaching one of these levels.
To recognize the details of the expected targets from the breach, please review our morning report.
The expected trading range for today is between 1.2250 support and 1.2410 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for the EURUSD 12-09-2019
The EURUSD pair shows calm positive trading now to move away gradually from 1.1005 level, keeping the bullish trend scenario valid and active in the upcoming period, depending on the stability above the mentioned level, while our next main target is located at 1.1095.
The expected trading range for today is between 1.0950 support and 1.1100 resistance.
The expected trend for today: Bullish temporarily
Copper price keeps the correctional track – Analysis – 12-9-2019
Copper price formed a new bullish wave yesterday to reinforce the bullish correctional suggestion by its stability at 2.6200, reminding you that the correctional scenario depends on the stability of the support level at 2.5500, besides the continuation of providing positive momentum by stochastic by its fluctuation within the overbought levels.
Therefore, we will keep our bullish expectations that target the bearish channel’s resistance at 2.6600, note that suffering strong positive pressures that might allow it to surpass this resistance, to move to a main bullish track, to begin targeting new positive levels in the upcoming period.
The expected trading range for today is between 2.5850 and 2.6450
The expected trend for today: Bullish