Midday update for Gold 25-10-2021
Gold price managed to breach 1797.00 level and closed the last four hours’ candlestick above it, which supports the continuation of our bullish overview efficiently for the rest of the day, motivated by the positive overlapping signal provided by stochastic now, waiting to visit 1825.15 as a next main target, noting that the continuation of the expected rise requires holding above 1797.00 – 1790.00 levels.
The expected trading range for today is between 1785.00 support and 1820.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 25-10-2021
The GBPUSD pair faced solid resistance at 1.3795, to show temporary negative trades and approaches testing the bullish channel’s support line, noticing that the EMA50 meets this support line to protect the continuation of the expected positive scenario for today, which depends on the price stability above 1.3720, while its next main target located at 1.3910.
The expected trading range for today is between 1.3700 support and 1.3880 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 25-10-2021
The 1.1670 resistance barrier still forming solid obstacle against the EURUSD pair’s positive attempts, waiting to get positive motive that assist to push the price to breach this level and confirm rallying towards our next targets that reach 1.1715 followed by 1.1760.
In general, the bullish trend scenario will remain valid and active unless breaking 1.1615 and holding below it.
The expected trading range for today is between 1.1600 support and 1.1750 resistance.
The expected trend for today: Bullish
Natural gas price begins with positive gap – Analysis – 25-10-2021
Natural gas price began today’s trading with a positive price gap, to get rid of the moving average 55 at 5.340, to notice recording new positive targets by reaching 5.566.
Providing positive momentum by stochastic approach from the overbought level will support the continuation of the positivity, to keep waiting for the price reach to 5.720 resistance, where surpassing it will confirm its stability again within the bullish channel levels that appear in the above image.
The expected trading range for today is between 5.360 and 5.720
The expected trend for today: Bullish