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Midday update for Gold 17-08-2021
Gold price continues to rise to reach the first waited target at 1797.00, and we expect to surpass this level to open the way to rally towards 1825.15 as a next positive target, to keep the bullish trend valid for the rest of the day unless we witnessed clear break to 1770.00 and hold with a daily close below it.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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Midday update for the GBPUSD 17-08-2021
The GBPUSD pair shows more bearish bias to test 1.3800 barrier, reinforcing the expectations of continuing the bearish trend, which its targets begin at 1.3760 and extend to 1.3680 after breaking the previous level, noting that the continuation of the bearish wave depends on the price stability below 1.3875.
MoreMidday update for the EURUSD 17-08-2021
The EURUSD pair hovers around 1.1780 level and keeps its stability below it until now, to keep the negative scenario valid for today, which targets 1.1700 followed by 1.1605 levels as next main stations, reminding you that it is important to hold below 1.1780 and 1.1830 levels to continue the expected decline.
MoreThe CADJPY resumes the decline – Analysis – 17-8-2021
The CADJPY pair formed new negative attack recently, affected by the strength of 88.70 resistance, to notice crawling below the moving average 55 and record 86.77.
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