Midday update for Gold 25-05-2022
Gold price shows some slight bearish bias, affected by stochastic negativity, on its way for potential test to 1850.00, while the EMA50 meets this support to add more strength to it, to continue suggesting the bullish trend that depends on the price stability above 1850.00 and 1838.10 levels, reminding you that our next main target is located at 1890.00.
The expected trading range for today is between 1845.00 support and 1885.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 25-05-2022
The GBPUSD pair settles near the bullish channel’s support line, waiting to resume the bullish wave and surpass 1.2590 level to confirm extending the bullish wave towards 1.2725, to keep the positive scenario valid and active for today conditioned by the price stability above 1.2420.
The expected trading range for today is between 1.2440 support and 1.2620 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 25-05-2022
The EURUSD pair trades negatively now to press on the key support 1.0670, which urges caution from the upcoming trading, as the price needs to consolidate above this level to keep the bullish trend active for today, which targets 1.0770 as a next main station.
The expected trading range for today is between 1.0650 support and 1.0780 resistance.
The expected trend for today: Bullish
Copper price is slow – Analysis – 25-5-2022
Copper price moves slowly recently, due to the contradiction of the moving average 55 that settles near 4.4100 resistance against stochastic attempt to provide the positive momentum that moves near 20 level now.
Note that the positive consolidation above the additional support 4.1800 allows us to keep the positive overview until reaching the mentioned resistance, while facing new negative pressures and declining below this support is considered as strong indicator to the surrender to the domination of the bearish bias, to expect suffering big losses that might start by moving towards 3.9300.
The expected trading range for today is between 4.2000 and 4.4000
The expected trend for today: Bullish