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Midday update for Gold 25-01-2024
Gold price didn’t show any strong move since morning, to continue fluctuating around 2016.90, thus, no change to our neutrality, waiting to get clearer signals for the next trend, to continue monitoring the price according to the mentioned level.
The contradiction between the technical indicators provides another reason for neutrality, and you can review our morning report for details about the expected targets for the upcoming period.
The expected trading range for today is between 2000.00 support and 2035.00 resistance.
The expected trend for today: Neutral
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Midday update for the GBPUSD 25-01-2024
The GBPUSD pair leans on the EMA50 and begins to provide positive trades now, which supports the continuation of the expected bullish trend for today, which targets 1.2825 areas mainly.
MoreMidday update for the EURUSD 25-01-2024
The EURUSD pair shows bullish bias to attempt to breach 1.0890 level, which represents one of the next trend keys besides 1.0860 support line, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
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