|
Midday update for Gold 22-10-2018
Gold price continues to fluctuate inside the bullish pennant mentioned this morning, while stochastic continues to head towards the oversold areas, waiting to motivate the price to breach 1230.50 level to confirm resuming the expected bullish trend for today, which its targtes begin by testing 1238.31.
Therefore, we will keep our bullish overview for the upcoming sessions unless breaking 1218.70 level and holding below it.
Expected trading range for today is between 1218.00 support and 1245.00 resistance.
Expected trend for today: Bullish
Thanks for your feedback.
Midday update for GBPUSD 22-10-2018
The GBPUSD pair continues to fluctuate at the neckline of the double top pattern and still below it, while the EMA50 keeps forming negative pressure against the price, to keep the bearish trend active for today, supported by stochastic approach to the overbought areas, waiting to visit 1.2962 level mainly, reminding you that it is important to hold below 1.3115 to continue the expected decline.
MoreMidday update for EURUSD 22-10-2018
The EURUSD pair trades with clear positivity now to attack 1.1525 level, which urges caution from the upcoming trades, as holding above this level will stop today’s suggested negative scenario and push the price towards 1.1705 initially.
MoreCopper price jumps above the moving average – Analysis – 22-10-2018
Copper price succeeded to surpass the moving average 55 to get rid of the correctional bearish bias domination, to notice recording 2.8020, while the major indicators agree to provide the positive momentum to allow us to suggest more bullish attempts, to manage to achieve the positive targets at 2.8500 followed by reaching 2.9100 extended resistance.
More