Gold price shows calm negative trades, to gradually approach the 1770.00 level. This keeps the bearish trend scenario active in the intraday term, and we expect the price to exceed this level, which will open the way to achieving negative targets extending to 1734.00.
The moving average 50 ...
The GBP/USD pair rebounded to the downside after testing the 1.3355 level; now it is supported by the negative pressure formed by the EMA50, waiting for more decline to head towards our expected main target at 1.3160.
In general, we will continue to suggest the bearish trend ...
The pound sterling against the dollar traded sharply downward yesterday after testing the 1.3355 level. The price touched the 1.3200 barrier and rebounded upwards to approach testing the 1.3355 level again. The EMA50 meets with this level to add more strength to it, which supports the continuation ...
Gold price succeeded in touching our awaited target at 1770.00 and now finds strong support there. It shows some temporary bullish bias now, and it may test the 1785.00 level before declining again, waiting to break 1770.00 to confirm the extension of the descending wave towards 1734 ...
Gold price kept its stability below 1797.00 level, and now faces a strong support line that hinders the price’s downward path. Therefore, it needs to break the 1783.0 level to open the way to our first awaited negative target at 1770.00.
In general, we continue to ...
The GBP/USD pair traded lower after the repeated test of 1.3355, which keeps our bearish trend expectations valid for the upcoming period. They are also supported by the negative pressure formed by the EMA50: it means that trading within the descending channel shown in the image is likely ...
Gold price ended last Friday’s trading below the 1797.00 level, which reactivated the bearish trend scenario, and the price is waiting to visit the 1770.00 level as the first negative target.
The EMA50 forms strong negative pressure that supports the continuation of the expected decline, noting that ...
The GBP/USD pair has tested the 1.3355 level and has maintained stability below it so far. Besides, clear negative signs have emerged on the stochastic indicator, while the EMA50 continues its negative pressure on the price.
Therefore, the bearish trend will remain in control during the upcoming sessions ...
Gold price is trading with noticeable positivity now: it tests the 1797.00 level and tries to breach it. This requires attention during future trading, as the price needs to stabilize below this level to keep the bearish trend active, which targets the 1770.00 level next.
Breaching 1797.00 ...
The GBP/USD pair shows more negative trades now and starts pressing the 1.3300 barrier, which supports the continuation of the expected bearish trend scenario on the intraday and short term. The trend is organized within the descending channel shown in the image, and the price is waiting to ...