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Midday update for Gold 16-08-2021
Gold price fluctuates around 1775.00 level since morning, keeping its stability above the key support 1770.00, getting positive support by the EMA50, to keep the bullish trend scenario active for today, reminding you that our main waited target is located at 1797.00, which breaching it represents the key to rally towards 1825.15 as a next positive station.
The expected trading range for today is between 1765.00 support and 1800.00 resistance.
The expected trend for today: Bullish
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Midday update for the GBPUSD 16-08-2021
The GBPUSD pair keeps its stability below 1.3875 level, and stochastic continues to provide the negative signals, to keep our bearish overview that depends on the price stability below the mentioned level, reminding you that our main waited targets begin at 1.3760 and extend to 1.3680.
MoreMidday update for the EURUSD 16-08-2021
The EURUSD pair shows some bearish bias to test the key support base 1.1780, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for the upcoming period, noting that the EMA50 meets the mentioned support to add more strength to it, waiting to visit 1.1840 initially.
MoreThe GBPSEK holds above the support – Analysis – 16-8-2021
The GBPSEK pair formed correctional bearish rebound recently, to approach the bullish channel’s support line at 11.9257, while the frequent stability above this support allows us to wait to gather the positive momentum to start forming new bullish trades in order to reach the positive stations at 12.0140 and 120892.
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