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Midday update for Gold 12-09-2023
Gold price fluctuates around the intraday bullish trend line at 1919.80, which represents the first protection factor to the continuation of the expected bullish trend for today, which its targets begin by surpassing 1929.00 to confirm rallying towards 1945.20 as a next main station.
In general, we will continue to suggest the bullish trend for the upcoming period supported by stochastic positivity unless breaking 1919.80 followed by 1913.15 levels and holding below them.
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 12-09-2023
The GBPUSD pair bounced downwards strongly to break 1.2505 level and settles below it, to fall under expected negative pressure in the upcoming sessions, but we prefer to stay aside until the price confirms its situation to the mentioned level followed by detecting its next destination clearly, as stochastic provides positive signals that might push the price to recover again.
MoreMidday update for the EURUSD 12-09-2023
The EURUSD pair traded with clear negativity to attack 1.0725 level and settles below it now, to hint heading to activate the negative scenario for the rest of the day, on its way to visit 1.0635 as a next main target.
MoreThe CADJPY gets ready to resume the positivity– Analysis – 12-9-2023
The CADJPY formed a weak positive move, attempting to face stochastic negativity and holding above the initial support level at 106.50, to notice recording some gains by its stability at 108.00.
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