Update: Gold price breaches the resistance
Gold price rallied upwards strongly to breach 1825.15 and heads to achieve more potential gains in the upcoming sessions, on its way to reach 1860.00 as a next positive target, noting that the continuation of the expected rise depends on the price stability above 1825.15.
Midday update for Wheat price 19-01-2022
Wheat price breached 773.30 level clearly and settles above it now, to complete forming double bottom pattern that we expect to push the price to achieve more gains in the upcoming sessions, on its way to visit 811.50 as a next main station, taking into consideration that breaking 773.30 and holding below it again will reactivate the correctional bearish scenario that its next target located at 742.30.
The expected trading range for today is between 760.00 support and 777.00 resistance.
The expected trend for today: Bullish
Midday update for the AUDUSD 19-01-2022
The AUDUSD pair trades positively to breach 0.7205 level and attempts to hold above it, which urges caution from the upcoming trading, as continuing the rise and surpassing 0.7220 will stop the morning suggested negative scenario and lead the price to resume the correctional bullish track that its targets begin by testing 0.7275 areas.
The expected trading range for today is between 0.7140 support and 0.7225 resistance
The expected trend for today: Bearish
Midday update for Brent oil 19-01-2022
Brent oil price faced temporary negative pressure this morning to test 87.00 barrier, and returns to rise now, to keep the bullish trend scenario valid and active for today, which targets 88.80 as a next main station, while achieving it requires holding above 85.80.
The expected trading range for today is between 86.60 support and 89.60 resistance.
The expected trend for today: Bullish