Gold price faced clear negative pressure to test the bullish channel’s support line, which urges caution from the upcoming trading, as breaking this support will force the price to start correctional wave before turning back to rise again, while the price needs to consolidate above 1876.00 to continue the main bullish trend that its next target located at 1928.60.

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1943	0.0041	0.3420%
Midday update for the EURUSD 24-06-2021
	GBP/USD	1.3929	0.0035	0.2551%

	Tadawul	10919.68	6.62	0.06%

	Silver	26.043	0.054	0.208%

	Oil	73.501	1.675	2.332%
Midday update for Crude oil 24-06-2021
	Brent Oil	75.56	0.32	0.43%

	Gold	1777.600	-0.790	0.044%
Midday update for Gold 24-06-2021

Live Forex Updates

Dollar steadies after positive economic data

2021-06-24 18:53:11 GMT

US unemployment claims worse than expected

2021-06-24 12:34:40 GMT

US economy grows as expected in first quarter

2021-06-24 12:33:14 GMT

Dollar falls ahead of US growth data

2021-06-24 12:03:29 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.