Gold price showed noticeable negative trades yesterday and completed forming a bearish continuation flag pattern, whose features appear on the chart above. The price is expected to get a negative motive that will push it to the awaited negative levels. The target levels start at 1770.00 and extend to 1734.00 ...
The GBP/USD pair tests the resistance line again, and clear overbought signs are noticed on the stochastic indicator, while the EMA50 continues to press negatively on the price.
These factors encourage us to continue suggesting a bearish trend for the upcoming period. Its targets are 1.3160 and 1.3050 after breaking ...
Gold price shows calm positive trades and is expected to test the EMA50, accompanied by the stochastic loss of positive momentum and the emergence of overbought signs. It will motivate the price to resume the expected bearish trend in the intraday term. The pattern targets testing 1770.00, and breaking this ...
The GBP/USD pair shows slight positive trades to test the resistance line that appears on the chart above. The price maintains stability below the resistance level, forming the first protection factor for the bearish trend within the main descending channel, waiting for the rebound downwards to head to our main ...
The GBP/USD pair opens today's trading positively, and is expected to test the resistance level that appears on the chart above. However, it is still within the main descending channel, and it is under the negative pressure from EMA50, while the stochastic indicator is gradually losing its positive momentum.
These ...
Gold price fluctuates with quiet negativity, and is expected to approach the 1770.00 level. Negative trades are supported by the negative pressure formed by the EMA50, and the price awaits more decline to go beyond the mentioned level and extend the descending wave towards 1734.00.
Therefore, the bearish trend scenario ...
The pound sterling vs. dollar pair traded with strong negativity in the past sessions; it reached the 1.3200 barrier, reinforcing the expectations of the continuation of the bearish trend. The way is open to achieving our main awaited negative target at 1.3160.
The EMA50 continues to press negatively on the ...
Gold price traded positively last Friday; it breached the 1770.00 level and headed towards testing the 1797.00 level. However, the EMA50 forms negative pressure in front of the price, which can stop the bullish bias. Besides, the stochastic indicator has lost the positive momentum and clear overbought signs have emerged. ...
Gold price closed yesterday’s trading below the level of 1770.00, which confirms the continuation of the bearish trend in the intraday and short term. The price targets the level of 1734.00 as the next main station.
The EMA50 continues to press negatively on the price to support the decline expectations, ...
The pound sterling against the dollar opens today's trading with a new bearish bias, and moves below the 1.3300 barrier, reinforcing the expectations of the continuation of the bearish trend. It is also supported by the negativity of the stochastic indicator and the moving average 50, with the price waiting ...