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Midday update for Gold 18-03-2021
Gold price faces strong negative pressure now to break 1739.50 and heads to suffer more potential losses in the upcoming sessions, which makes us stay aside now until we get clear signal for the next trend, noting that continuing the decline and breaking 1722.00 will push the price to continue the bearish trend and achieve negative targets that extend to 1692.00, while breaching 1742.00 and holding above it will reactivate the bullish trend scenario that its next target located at 1765.00.
The expected trading range for today is between 1720.00 support and 1755.00 resistance.
The expected trend for today: Neutral
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Midday update for the GBPUSD 18-03-2021
The GBPUSD pair provided positive trades this morning to test 1.4000 barrier, facing solid resistance barrier there, and the price needs for positive motive to assist to push the price to achieve more rise to visit 1.4065 that represents our main positive target.
MoreMidday update for the EURUSD 18-03-2021
The EURUSD pair trades with clear negativity to move away from 1.1976 level, reinforcing the expectations of continuing the bearish trend, supported by the negative overlapping signal provided by stochastic now, waiting to test 1.1888 initially, reminding you that breaking this level will extend the bearish wave to reach 1.1780, while holding below 1.1976 represents key condition to continue the expected decline.
MoreNatural gas price declines below the support – Analysis – 18-3-2021
Natural gas price didn’t succeed to resist the negative pressures, to notice crawling below the minor bullish channel’s support line at 2.610, to move to the bearish track again near 2.5000.
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