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Midday update for Gold 20-10-2022
Gold price provided positive trades this morning and stops around 1630.00, affected by stochastic positivity, waiting to get negative motive that assists to push the price to resume the main bearish trend, which targets 1615.00 followed by 1600.00 levels as next main stations, reminding you that the continuation of the bearish wave requires holding below 1646.60.
The expected trading range for today is between 1600.00 support and 1640.00 resistance.
The expected trend for today: Bearish
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Midday update for the GBPUSD 20-10-2022
The GBPUSD pair keeps its stability below the broken support of the bullish channel, to keep the bearish trend scenario valid for today, supported by moving below the EMA50, waiting to head towards 1.1055 followed by 1.0920 levels that represent our next main targets, reminding you that it is important to hold below 1.1240 to continue the expected decline.
MoreMidday update for the EURUSD 20-10-2022
The EURUSD pair shows some bullish bias to test the key resistance 0.9790, and as we mentioned this morning, holding below this level is required to keep the bearish trend scenario active for today, supported by stochastic head to lose the positive momentum gradually, waiting to resume the bearish bias that its first main target located at 0.9700.
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The GBPAUD pair failed to resume the correctional bullish attempts due to facing solid resistance at 1.8120, to rebound below the moving average 55 quickly and settle near 1.7910.
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