Gold price resumes its positive trading to move away from 1575.90 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our next main target is located at 1611.20, while holding above 1575.90 level represents key condition to continue the suggested rise.
The expected trading range for today is between 1570.00 support and 1600.00 resistance.
The expected trend for today: Bullish
The GBPUSD pair provided temporary positive trades affected by stochastic positivity, but as long as the price is below 1.3150, our bearish overview will remain valid for the upcoming period, reminding you that we are waiting to head towards 1.2920 as a next main station.
The expected trading range for today is between 1.2970 support and 1.3130 resistance.
The expected trend for today: Bearish
The EURUSD pair shows calm negative trading since morning, to keep approaching our first target 1.0985, thus, the bearish trend scenario will remain valid for today as long as the price is below 1.1080, reminding you that breaking the targeted level will push the price to 1.0880 as a next station.
The expected trading range for today is between 1.0940 support and 1.1080 resistance.
The expected trend for today: Bearish
Copper price formed strong negative attack on last Friday, to notice its decline below the minor bullish channel’s support line at 2.6950, hinting moving into new negative track by reaching 2.6160.
The continuous negative closings below the broken support besides stochastic negative momentum signals by settling within the oversold areas allows us to suggest more negative trades until reaching 2.5500 level, to press on 61.8% Fibonacci correction level.
The expected trading range for today is between 2.6630 and 2.5500
The expected trend for today: Bearish