Midday update for Gold 21-08-2019
Gold price faces a negative pressure to move below 1503.24, which requires being aware from the upcoming trading, where the price might be forced to visit 1483.60 level before it return to rise again.
The price needs to step above 1503.24 to resume the main bullish trend, pointing that our initial main target that is located at 1535.00.
The expected trading range for today is between 1490.00 support and 1520.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 21-08-2019
The GBPUSD pair returns to decline and test 1.213 level, as long as the price is above this level, so our bullish trend expectations will remain valid, where breaking this level will push the price to decline towards 1.2000 initially, while the initial positive target is located at 1.2207.
The expected trading range for today is between 1.2070 support and 1.2240 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 21-08-2019
The tight range keeps controlling the EURUSD pair’s trading, keeping our bearish trend expectations valid as they are without any change, depending on the stability below 1.1180 level, reminding you that our next main target is located at 1.1000.
The expected trading range for today is between 1.1000 support and 1.1150 resistance.
The expected trend for today: Bearish
Copper price approaches from the initial target – Analysis – 21-8-2019
Copper price began to respond to the negative pressures by forming a new bearish wave, approaching from the initial negative target at 2.5500, reminding you that the negative scenario depends on the stability of the resistance at 2.6200 besides providing repeated negative pressures from the main indicators, which increases the chances for reaching the next station by hitting 2.4660 level in the near and medium period.
The expected trading range for today is between 2.6000 and 2.5000
The expected trend for today: Bearish