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Midday update for Gold 20-11-2023

Economies.com
2023-11-20 09:49AM UTC

Gold price fluctuates at the key support 1975.00, and stochastic continues to provide the positive signals on the four hours’ time frame, besides the positive support provided by the EMA50, waiting to head towards 2000.00 followed by 2009.30 levels that represent our next main targets, reminding you that breaking 1975.00 followed by 1962.35 will put the price under the correctional bearish pressure again.

 

The expected trading range for today is between 1970.00 support and 2000.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 20-11-2023

Economies.com
2023-11-20 09:49AM UTC

The GBPUSD pair keeps its stability above 1.2460, to keep the bullish trend scenario valid for today, waiting to get positive motive that push the price to head towards 1.2590 as a next main station, reminding you that the continuation of the bullish wave conditions the price stability above 1.2460 – 1.2430 levels.

 

The expected trading range for today is between 1.2400 support and 1.2560 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 20-11-2023

Economies.com
2023-11-20 09:49AM UTC

The EURUSD pair shows weak trades now, affected by stochastic negativity to fluctuate with slight negativity, and as long as the price is above 1.0860, the bullish trend scenario will remain valid and active for today, which targets testing 1.0960 as a first station, reminding you that breaching this level will extend the bullish wave to reach 1.1080 as a next main target, while breaking 1.0860 will push the price to turn to decline. 

 

The expected trading range for today is between 1.0860 support and 1.1010 resistance.

 

The expected trend for today: Bullish

The NZDCAD confirms the positivity – Analysis – 20-11-2023

Economies.com
2023-11-20 05:51AM UTC

The NZDCAD pair confirmed its affection by the domination of the bullish bias by providing new closings above 0.8175 recently, achieving some gains by moving towards 0.8260, expecting to get the positive momentum by the major indicators and continuous rising in order to reach the next positive station at 0.8340, followed by reaching 38.2% Fibonacci correction level at 0.8485.

 

On the other hand, crawling below 0.8175 will force it to activate the correctional bearish track, to suffer some losses by crawling towards 0.8115 and 0.8080 before achieving any new positive target.

 

The expected trading range for today is between 0.8210 and 0.8340

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3358.100 (2025-07-11 21:55PM UTC)