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Midday update for Gold 18-08-2023
Gold price shows some bearish bias now that hints heading to resume the expected bearish trend for today, reminding you that our waited target is located at 1873.50.
The EMA50 continues to support the bearish wave within the bearish channel that appears on the chart, reminding you that holding below 1900.00 is important to continue the expected decline.
The expected trading range for today is between 1873.50 support and 1905.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 18-08-2023
The GBPUSD pair returns to decline to break 1.2725 and close the last four hours’ candlestick below it, as it returns to the bearish channel that appears on the chart, waiting for more decline to visit 1.2625 as a first main target.
MoreMidday update for the EURUSD 18-08-2023
The EURUSD pair resumes its negative trading to move below 1.0880, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards our next target at 1.0785.
MoreThe GBPAUD breaches the resistance – Analysis – 18-8-2023
The GBPAUD pair hinted its surrender to the domination of the bullish bias by breaching the bearish channel’s resistance at 1.9665, recording some gains by reaching 1.9970.
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