Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Update: Gold reaches the target

Economies.com
2020-11-05 13:51PM UTC

Gold price achieved new strong positive trades to reach our waited target at 1934.86, being aware that we need to monitor the upcoming trading, as breaching this level will push the price to achieve more gains that reach 1967.90, while holding above 1901.80 represents key condition to continue the expected bullish trend.

Update: The GBPUSD rallies upwards

Economies.com
2020-11-05 13:49PM UTC

The GBPUSD pair achieved strong breach to 1.3000 and heads to achieve more rise in the upcoming sessions, noting that holding above this level will lead the price to head towards 1.3265 as a next positive target, while breaking it and trading below it will press on the price to resume the negative scenario that its first target located at 1.2845.

Update: The EURUSD achieves strong gains

Economies.com
2020-11-05 13:47PM UTC

The EURUSD pair rallied upwards strongly to breach 1.1770 level and heads towards a turn to rise, noting that caution required during the upcoming trading accompanied by approaching the end of the US elections, as we expect to witness high volatility that might cause unstable actions to the major currencies’ pairs.

AMD retests upside line resistance - Analysis - 05-11-2020

Economies.com
2020-11-05 10:40AM UTC

AMD's stock (AMD) rallied 6.23% in the last session while venting off oversold saturation from the RSI, and touching the resistance of the 50-day SMA.  

 

Therefore we expect the stock will return lower and target the pivotal support of 73.85 anew. 

 

Expected trend for today: Bearish