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Midday update for Gold 16-08-2022

Economies.com
2022-08-16 10:02AM UTC

Gold price faces negative pressure to attack 1779.25 level, which urges caution from the upcoming trading, as breaking this level will stop the recently suggested positive scenario and press on the price to decline towards 1755.25 before any new attempt to rise, noting that the consolidation above 1779.25 is required to resume the bullish wave that its first target located at 1802.80.

 

The expected trading range for today is between 1770.00 support and 1800.00 resistance.

 

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The expected trend for today: Bullish

Midday update for the GBPUSD 16-08-2022

Economies.com
2022-08-16 10:01AM UTC

The GBPUSD pair attempts to break 1.2030 but it finds solid support there, waiting for confirmed break to open the way to rally towards 1.1930 followed by 1.1800 as next main stations, to continue suggesting the bearish trend in the upcoming sessions conditioned by the price stability below 1.2125.

 

The expected trading range for today is between 1.1960 support and 1.2120 resistance.

 

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The expected trend for today: Bearish

Midday update for the EURUSD 16-08-2022

Economies.com
2022-08-16 10:01AM UTC

The EURUSD pair shows more bearish bias to reach the thresholds of 1.0100 level, and we expect the continuation of the negative pressure in the upcoming sessions, noting that surpassing this level will extend the bearish wave to reach 1.0010 as a next main station, noting that the continuation of the bearish wave depends on the price stability below 1.0200.

 

The expected trading range for today is between 1.0080 support and 1.0220 resistance.

 

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The expected trend for today: Bearish

The EURJPY might be forced to resume the decline– Analysis – 16-8-2022

Economies.com
2022-08-16 07:14AM UTC

The EURJPY pair provided new negative close below 38.2% Fibonacci correction level, to form a new barrier near 136.85, which forces it to suffer some of the losses by reaching 13490, and stochastic fluctuation near 20 level supports the negative suggestion in the current period, to expect targeting new negative levels by its decline to 134.40, to press on the extra support at 133.60.

 

The expected trading range for today is between 136.10 and 134.40

 

The expected trend for today: Bearish

 

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3358.100 (2025-07-11 23:05PM UTC)