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Midday update for Gold 22-02-2023
Gold price fluctuates within tight range since morning, moving near 1828.70 level, while stochastic continues to provide the positive signals on the intraday time frames, waiting to motivate the price to resume the bullish bias that its targets begin by breaching 1847.00 to reinforce the chances of rallying towards 1878.80.
Therefore, we will keep our bullish overview unless breaking 1828.70 and holding with a daily close below it.
The expected trading range for today is between 1825.00 support and 1855.00 resistance.
The expected trend for today: Bullish
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Midday update for the GBPUSD 22-02-2023
The GBPUSD pair resumes its negative trading to test the EMA50 that forms key support at 1.2065, waiting to break this level to confirm opening the way to extend the expected bearish wave for today, which targets testing 1.1940 initially.
MoreMidday update for the EURUSD 22-02-2023
The EURUSD pair didn’t show any strong move since morning, thus, no change to the expected bearish trend for today, which depends on the price stability below 1.0745, supported by the negative pressure formed by the EMA50, waiting to break 1.0650 to confirm opening the way to rally towards 1.0515 as a next main station.
MoreNatural gas price touches the target – Analysis – 22-2-2023
Natural gas price started to react to the negative pressure, to renew the its negative attack and notice achieving the next negative target at 2.000, while this level might form temporary psychological barrier against the negative attempts, while stochastic reach to the oversold areas will increase the chances of resuming the decline until testing the historical support at 1.650 followed by assuring the importance of monitoring its behavior to manage to detect the next targets.
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