Midday update for Gold 24-11-2022

The GBPUSD pair provides new positive trades in attempt to surpass 1.2100 level, reinforcing the expectations of continuing the bullish trend for today, waiting to head towards 1.2225 that represents our next main target, reminding you that the continuation of the expected rise depends on the price stability above 1.1950.

The EURUSD pair shows some slight bearish bias now to test 1.1400 barrier, affected by stochastic negativity, waiting to get positive motive that assists to push the price to resume the expected bullish trend for today, which targets 1.0515 as a next station, while holding above 1.0380 represents key condition to achieve it.

The CADJPY pair attacked 50% Fibonacci correction level this morning, affected by the negative pressures that are represented by the stability of the barrier at 105.60, besides the unionism of the main indicators by providing the negative momentum until this moment.