Midday update for Gold 17-06-2022
Gold price fluctuates around 1850.00 level and still below it until now, and stochastic continues to provide the negative signals on the four hours’ time frame, waiting to resume the bearish bias that targets 1810.00 followed by 1780.25 levels, to keep the bearish trend scenario conditioned by the price consolidation below 1850.00.
The expected trading range for today is between 1820.00 support and 1855.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 17-06-2022
The GBPUSD pair faces intraday negative pressure to test the EMA50, which forms good support against the price, and as long as the price is above 1.2205, our bullish overview will remain valid for today, waiting to get positive momentum that assist to push the price to head towards 1.2490 as a next main target.
The expected trading range for today is between 1.2230 support and 1.2400 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 17-06-2022
The EURUSD pair shows additional negative trades to press on 1.0500 barrier, reinforcing the expectations of continuing the bearish trend, supported by stochastic negativity that appears clearly now, waiting for more decline to head towards our negative targets that start at 1.0470 and extend to 1.0355, reminding you that it is important to hold below 1.0550 to achieve these targets.
The expected trading range for today is between 1.0440 support and 1.0600 resistance.
The expected trend for today: Bearish
Copper price moves towards the target – Analysis – 17-6-2022
Copper price returned to renew the negative trades, surrendering to the domination of the bearish bias, to move towards the next target by touching 4.0300 level, expecting to form additional barrier at 4.2000 to increase the chances of resuming the negative attempts that might target 50% Fibonacci correction level at 3.9300 followed by reaching 3.6800.
The expected trading range for today is between 4.2000 and 3.9300
The expected trend for today: Bearish