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Midday update for Gold 20-12-2018
Gold price resumes its positive trading strongly to approach our main waited target at 1262.50, which supports the continuation of our bullish overview for the rest of the day, motivated by stochastic positivity, reminding yout hat breaching this level will push the price towards 1286.70 level as a next main station.
Holding above 1238.30 is important to continue the bullish wave and guarantee not turning to decline.
Expected trading range for today is between 1235.00 support and 1265.00 resistance.
Expected trend for today: Bullish
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Midday update for GBPUSD 20-12-2018
The GBPUSD pair returns to rise and breach 1.2636 level, approaching 1.2700 barrier now, hinting the price head to achieve more gains and reactivate yesterday’s mentioned bullish trend scenario, but we will stay aside now until we get clearer signal for the next trend, which we will get through breaching 1.2725 resistance or breaking 1.2636 support.
MoreMidday update for EURUSD 20-12-2018
The EURUSD pair trades with strong positivity now to breach 1.1443 level and attempts to settle above it, which urges caution from the upcoming trading, as settling with a daily close above this level will stop the recently suggested negative scenario and push the price to achieve positive targets that start at 1.1550.
MoreCopper price holds below the broken support – Analysis – 20-12-2018
Copper price confirmed moving to the negative track by providing new negative close below the broken support, to form new resistance at 2.7100, thus, we will continue to suggest the negative attempts until surpassing 2.6400 level, followed by waiting to reach the first main target at 2.5500.
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