|
Midday update for Gold 30-05-2023
Gold prices declined this morning but it returns to fluctuate near 1945.20 level, waiting to get negative motive that assists to push the price to resume the bearish wave that targets 1913.15 level as a next main station.
The EMA50 keeps supporting the expected bearish wave, which will remain valid unless breaching 1961.30 followed by 1977.25 levels and holding above them.
The expected trading range for today is between 1925.00 support and 1960.00 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Midday update for the GBPUSD 30-05-2023
The GBPUSD pair is testing the key resistance 1.2380, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend valid for today, as breaching it will push the price to break 1.2345 to confirm heading towards 1.2240 as a next main target for the suggested bearish wave.
MoreMidday update for the EURUSD 30-05-2023
The EURUSD pair provided additional negative trades to approach our waited target at 1.0650, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, noting that breaking this level will extend the bearish wave to reach 1.0520 areas on the near term basis.
MoreThe GBPCAD exits the bullish track – Analysis – 30-5-2023
The GBPCAD pair faced strong negative pressures recently to force it to crawl below the bullish channel’s support line at 1.6950, to provide frequent negative closings that hints the activation of the negative track, achieving 1.6725 level.
More