Midday update for Gold 22-06-2022
Gold price crawls downwards to move away from 1830.00, reinforcing the expectations of continuing the bearish trend for the rest of the day, and the way is open to achieve our negative targets that start at 1810.00 and extend to 1780.25, reminding you that it is important to hold below 1838.10 and 1850.00 to continue the expected decline.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 22-06-2022
The GBPUSD pair faces negative pressure to test 1.2205 and attempts to break it, which urges caution from the upcoming trading, as continuing the negative pressure and breaking this level will push the price to turn to decline and head towards 1.2077 mainly, while consolidating above it is required to resume the bullish trend that targets 1.2320 followed by 1.2490 levels as next main stations.
The expected trading range for today is between 1.2160 support and 1.2330 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 22-06-2022
The EURUSD pair keeps its stability below 1.0550, to keep the bearish trend scenario active for today, supported by moving below the EMA50, waiting to resume the negative trades that targets 1.0445 followed by 1.0355 levels as next main stations.
The expected trading range for today is between 1.0430 support and 1.0570 resistance.
The expected trend for today: Bearish
Copper price presses on the support – Analysis – 22-6-2022
Copper price continued to provide weak sideways trades to settle near 3.9300 support line in order to find a way to resume the previously suggested negative attack, reminding you that the stability of 4.1800 barrier forms major factor to reinforce the negative attempts, which allows us to wait to achieve the required break to open the way to reach new negative stations that might start at 3.8000 followed by reaching 61.8% Fibonacci correction level at 3.6800.
The expected trading range for today is between 4.1000 and 3.8000
The expected trend for today: Bearish