Update: Gold price attacks the resistance
Gold price rallies upwards strongly to attack 1770.00 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested negative scenario and lead the price to head towards 1800.00 initially, while the price needs to trade below 1770.00 again to resume the bearish track that its first target located at 1735.00.
Midday update for the NZDUSD 08-10-2021
The NZDUSD pair resumes its negative trades to move away from 0.6945, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its targets begin by attacking 0.6890 to open the way to head towards 0.6805 as a next main station.
The expected trading range for today is between 0.6860 support and 0.6960 resistance
The expected trend for today: Bearish
Midday update for the AUDUSD 08-10-2021
The AUDUSD pair faces negative pressure to test 0.7290 level, which urges caution from the upcoming trading, as breaking this level will stop the expected rise for today and push the price to return to the bearish track again, while it needs to breach 0.7325 to confirm heading towards 0.7360 as a next positive target.
The expected trading range for today is between 0.7250 support and 0.7370 resistance
The expected trend for today: Bullish
Midday update for Brent oil 08-10-2021
Brent oil price hovers around 82.75 level since morning, and the price needs to breach 83.20 to confirm the continuation of the bullish trend on the intraday and short term basis, which gets good support by the EMA50, waiting to get positive momentum that assist to push the price to achieve more gains that reach 84.00.
The expected trading range for today is between 81.00 support and 84.00 resistance.
The expected trend for today: Bullish