Midday update for Gold 24-11-2021
Gold price resumes its negative trading now in attempt to move away from 1800.00 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by stochastic loss to the positive momentum, depending on the price stability below the mentioned level, reminding you that our main waited target is located at 1770.00.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bearish
Midday update for Brent oil 24-11-2021
Brent oil price trades with clear negativity to start pressing on 80.80 level, to head towards potential return to the correctional bearish track, but we still neutral until the price confirms breaking this level or consolidating above it followed by achieving new gains on the intraday and short term basis.
To review the details of the expected targets for the upcoming period, please check our previous report.
The expected trading range for today is between 79.50 support and 82.50 resistance.
The expected trend for today: Neutral
Midday update for Crude oil 24-11-2021
Crude oil price resumes its negative trades to move away from 78.95 level, reinforcing the expectations of continuing the correctional bearish trend, supported by the negative signals provided by stochastic, waiting to visit 76.40 level as a first station, reminding you that the continuation of the bearish wave depends on the price stability below 78.95 and 79.85 levels.
The expected trading range for today is between 76.40 support and 79.85 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 24-11-2021
The GBPUSD pair trades with clear negativity now and attempts to break 1.3355 level, which supports the continuation of the expected bearish trend scenario efficiently in the upcoming sessions, motivated by stochastic negativity that appears on the four hours’ time frame, reminding you that our next main target is located at 1.3160, while achieving it requires holding below 1.3390 as a first condition.
The expected trading range for today is between 1.3280 support and 1.3440 resistance.
The expected trend for today: Bearish