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Midday update for Gold 17-05-2022

Economies.com
2022-05-17 09:06AM UTC

Gold price fluctuates within tight track since morning, keeping its stability below the bearish channel’s resistance, while stochastic shows clear overbought signals, waiting to resume the bearish wave that targets 1780.25 level as a next main station, reminding you that the continuation of the bearish wave depends on the price stability below 1838.00 and 1850.00 levels.

 

The expected trading range for today is between 1800.00 support and 1838.00 resistance.

 

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The expected trend for today: Overall bearish

Midday update for the GBPUSD 17-05-2022

Economies.com
2022-05-17 09:06AM UTC

The GBPUSD pair rallied upwards strongly to surpass our waited target at 1.2423 and opens the way to achieve more bullish correction, to head towards visiting 1.2590 areas as a next main station, taking into consideration that the continuation of the bullish wave requires holding above 1.2420.

 

The expected trading range for today is between 1.2400 support and 1.2520 resistance.

 

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The expected trend for today: Bullish

Midday update for the EURUSD 17-05-2022

Economies.com
2022-05-17 09:06AM UTC

The EURUSD pair trades with clear positivity to breach 1.0435 level and opens the way to achieve bullish correction on the intraday basis, approaching to test 1.0490 level now, and we expect the continuation of the rise to visit 1.0525 level as a next positive target, making the bullish bias expected in the upcoming sessions unless breaking 1.0435 level and holding below it.

 

The expected trading range for today is between 1.0400 support and 1.0525 resistance.

 

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The expected trend for today: Bullish for the rest of the day

Copper price keeps delaying the decline– Analysis – 17-5-2022

Economies.com
2022-05-17 05:08AM UTC

Copper price still need the negative momentum, to confirm delaying the negative attack by its rally above 4.1800, and the contradiction between stochastic positivity and the main negative stability below the resistance at 4.3800, so that increases the chances for forming mixed trading until gathering the negative momentum, to ease the mission for reaching the negative targets near 3.9300 and 3.700. 

 

The expected trading range for today is between 4.3100 and 4.1000

 

The expected trend for today: Fluctuated 

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3358.100 (2025-07-11 21:55PM UTC)