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Midday update for Gold 22-01-2018
Gold price trades positively after retesting the previously breached resistance of the bullish flag pattern that appears on the chart, noticing that stochastic prepares to provide positive overlapping signal on the four hours’ time frame, which supports the continuation of our bullish overview for the rest of the day, waiting to test the previously recorded top at 1357.50 as a first station, reminding you that holding above 1321.40 represents key condition to continue the expected bullish trend.
Expected trading range for today is between 1320.00 support and 1345.00 resistance.
Expected trend for today: Bullish
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Midday update for GBPUSD 22-01-2018
The GBPUSD pair resumes its positive trading after the slight decline that it witnessed recently, reinforcing the expectations of continuing the overall bullish trend, which its targets begin by testing the psychological barrier at 1.4000 and extend to 1.4125 after breaching the previous level, taking into consideration that holding above 1.3825 represents key condition to continue the suggested bullish trend.
MoreMidday update for EURUSD 22-01-2018
The EURUSD pair rebounds bullishly after testing 1.2215 level this morning, to keep the bullish trend valid efficiently for the rest of the day, supported by stochastic positivity that appears clearly on the four hours’ time frame, reminding you that our first target is located at 1.2340.
MoreNatural Gas prepares to resume the bullish attack – Analysis – 22-1-2018
Natural gas price confirmed the affection by the bullish bias domination due to providing new positive close above 3.050 level and settles above 3.260 as appears on the chart, while stochastic forming for new positive wave assists to renew the bullish attempts, waiting to achieve the next main target at 3.380 followed by monitoring the price behavior due to this level importance to detect the main trend for the upcoming period.
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