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The general trend is upward. The pair is trading in the range of 365 and 135 moving averages. A downward level H1 structure has formed, which is currently truncated. A Bullish divergence has formed on Awesome Oscillator.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (AC) breaks through the inclined channel of the descending pattern of the H1 level, thereby completing it. Buy the top (AC)is breached.

Stop Loss for the round intermediate level of 0.6850.

Target levels - 0.6920 (round minor level – close ½ of the order and transfer to breakeven); 0.6980.

Gold price futures fluctuated in a narrow range tilted toward decline during the Asian session to witness its bounce for the second session in four sessions from its highest since November 7, neglecting the negative stability of the US dollar index near its lowest in five weeks according to the inverse relationship between them after The minutes of the latest Australian Central Bank meeting were revealed, on the cusp of developments and economic data expected today by the US economy, the largest economy in the world.

At exactly 03:30 AM GMT, gold price futures for February delivery fell 0.02% to trade at $ 1,480.30 per ounce compared to the opening at $ 1,480.60 per ounce, knowing that the contracts started the trading session on an upward price gap after it concluded yesterday's trading At $ 1,480.50 an ounce, while the US dollar index fell 0.05% to 97.09 compared to the opening at 97.14.

We have followed the Reserve Bank of Australia’s disclosure of the minutes of the meeting of the Australian Central Bank held on the third of this month in which the short-term benchmark interest rates were fixed at the lowest ever for the second consecutive meeting at 0.75%, and the minutes touched on the willingness of monetary policy makers The Australian central bank has to expand monetary policy easing if the need arises.

We would like to point out that the Australian Central Bank Governor Philip Liu Noh last week indicated that his country's GDP data were broadly in line with expectations and that confident consumers will spend more, as he addresses the fact that many citizens in his country have high debt, which may make spending It takes a longer time, explaining that the weak consumption growth was a surprise in the gross domestic product of the second largest gold producer in the world.

It is noteworthy that the Australian Treasury Department revealed yesterday its economic and financial forecasts for the middle of the fiscal year 2019/2020, which expires on the 30th of next June, which included achieving a surplus of 6.1 billion Australian dollars without previous expectations last April with a surplus of 11.0 billion Australian dollars, and came That is, with growth expectations reduced to 2.25% from 2.75% and wages growth expectations reduced to 2.50% from 2.75%.

In the same context, Australian Treasury Secretary Josh Friedenburg also expressed yesterday that the forecast contains "significant write-offs of revenues against the backdrop of global and local economic headwinds," while denouncing concerns about the economic slowdown and opposition to calls for additional spending, such as what was announced recently in Both New Zealand and Japan, the government's cash balance projections have also been cut below A $ 5.0 billion.

On the other hand, investors are currently awaiting the release of housing market data by the US economy with the release of each of the start-up homes and building permits, and amid expectations that building permits will decline by 3.8% to about 1,405 thousand permits compared to a rise of 5.0% at 1,461 thousand permits in October / October, while start-up homes may reflect an increase of 2.0% to 1,340,000 homes compared to a rise of 3.8% at 1,314,000 homes.

This comes before we witness the disclosure of industrial sector data for the largest economy in the world with the release of the industrial production index, which may show a rise of 0.8% compared to a decline of 0.8% in October. While the Energy Utilization Index reading may show the acceleration of growth to 77.4% compared to 76.7% in September, leading to the release of the employment and employment statistics reading, which may reflect a decrease to 7.01 million compared to 7.02 million in September.

Other than that, we followed last Sunday, US Trade Representative Robert Lighthizer stated that the first stage of the trade deal between his country and Beijing, which was reached last Friday, was "completely completed" and that America's exports to China would double over the next two years, and this came in conjunction with the failure of Washington to activate The additional tariffs of 15% on Chinese goods and goods worth $ 160 billion, which were to be activated before the agreement was reached.

Technical analysis

The price of gold shows narrow trading since yesterday, to settle around the level of 1475.00, and as long as the price is below 1489.00, the downside corrective scenario will remain valid for the next period, regular within the descending channel that appears in the above chart, waiting for the resumption of the downward slope whose primary targets are at 1461.00 Then 1447.00.

The expected trading range for today is between 1460.00 support and 1485.00 resistance.

Expected trend for today: bearish.

The fluctuation of the US dollar in a narrow range slanting upward during the Asian session to witness its stability near the top of it has seven months against the Japanese yen amid the scarcity of economic data by the Japanese economy, the third largest economy in the world and on the cusp of developments and economic data expected today Tuesday by the American economy the largest economy In the world.

At 05:51 am GMT, the US dollar pair rose against the Japanese yen by 0.01% to 109.56 levels compared to the opening levels at 109.55, after the pair achieved its highest during the trading session at 109.63, while achieving the lowest at 109.49.

Investors are currently awaiting the release of housing market data by the US economy, with the release of each of the start-up homes and building permits, and amid expectations that building permits will decline by 3.8% to about 1,405 thousand permits, compared to a rise of 5.0% at 1,461 thousand permits in October, while Homes constructed may reflect an increase of 2.0% to about 1,340,000 homes compared to a rise of 3.8% at 1,314 thousand homes.

This comes before we witness the disclosure of industrial sector data for the largest economy in the world with the release of the industrial production index, which may show a rise of 0.8% compared to a decline of 0.8% in October. While the Energy Utilization Index reading may show the acceleration of growth to 77.4% compared to 76.7% in September, leading to the release of the employment and employment statistics reading, which may reflect a decrease to 7.01 million compared to 7.02 million in September.

Technical analysis

The dollar / yen pair trades above 109.33, to keep the upside scenario intact as it remains unchanged for the upcoming period, supported by the EMA50, waiting for the direction towards 110.50 as the next main target.

On the other hand, it should be noted that a break of 109.33 will stop the expected rise and put pressure on the price to achieve negative targets that start at 108.40.

The expected trading range for today is between 109.00 support and 110.20 resistance.

Expected trend for today: bullish.

Google shares continue to move within the ascending channel after breaking through the resistance 1332.21 and settled in trading above it.

As the price continues to move within the bullish channel above the moving averages 7-20-50 which forms support levels and presses it to rise towards the next resistance 1369.13

The stochastic oscillator is moving near the overbought zone and its continuation near this zone will push the price for more gains.

Expected trend for today: bullish.

The euro currency fluctuated in a narrow range tilted to the upside during the Asian session against the US dollar on the threshold of economic developments and data expected on Tuesday by the economies of the euro area and the US economy, the largest economy in the world, and in the shadow of market pricing for the developments of Britain's exit file from the European Union and the statements of the Ambassador of China Germany has yesterday that his country will not stand idly by if Berlin prohibits Huawei's fifth-generation network equipment, citing the millions of German cars it will import.

At 05:16 am GMT, the euro pair rose against the US dollar by 0.04% to 1.1149 levels compared to the opening levels at 1.1144, after the pair achieved its highest level during the trading session at 1.1156, while achieving the lowest at 1.1134.

The markets are looking by Italy, the third largest economy in the eurozone, for the publication of the reading of the trade balance, which may explain the widening of the surplus to the value of 2.82 billion euros against 2.78 billion euros last October, and that comes before we witness about the economies of the euro area as a whole. Seasonally, the Trade Balance Index, which may also reflect the widening of the surplus to 19.7 billion euros, compared to 18.3 billion euros last September.

On the other hand, investors are currently awaiting the release of housing market data by the US economy with the release of each of the start-up homes and building permits, and amid expectations that building permits will decline by 3.8% to about 1,405 thousand permits compared to a rise of 5.0% at 1,461 thousand permits in October / October, while start-up homes may reflect an increase of 2.0% to 1,340,000 homes compared to a rise of 3.8% at 1,314,000 homes.

This comes before we witness the disclosure of industrial sector data for the largest economy in the world with the release of the industrial production index, which may show a rise of 0.8% compared to a decline of 0.8% in October. While the Energy Utilization Index reading may show the acceleration of growth to 77.4% compared to 76.7% in September, leading to the release of the employment and employment statistics reading, which may reflect a decrease to 7.01 million compared to 7.02 million in September.

Technical analysis

The euro against the dollar shows sideways trading since yesterday, and maintains its stability above the level of 1.1108, noting that the price is moving inside a new bullish intraday channel that supports the chances of continuing the expected bullish trend for the coming period, waiting for the break of the 1.1180 level to confirm the extension of the upside wave towards 1.1280 as the next main target .

Thus, we will continue to favor the bullish trend over the intraday and short term, provided stability above 1.1108, indicating that SMA 50 continues to support the suggested bullish wave.

The expected trading range for today is between 1.1080 support and 1.1240 resistance.

Expected trend for today: bullish.

The Australian dollar versus the US dollar has traded around 0.6870 since yesterday, and the price is affected by the stochastic negativity to show some bearish tendency, but since the price is above 0.6770, our bullish expectations will remain valid for the next period, as breaking this level will stop the bullish corrective path Pressing price to drop towards 0.6670 initially.

We point out that our awaited positive target is at 0.7015.

The expected trading range for today is between 0.6830 support and 0.6930 resistance.

Expected trend for today: bullish.

SberBank shares rose and managed to breach the resistance 236.11 and reached the next resistance level at 242.75, where it bounced back after testing it. The price continues to move upward within the upward channel within which it is moving.

The price is moving under the positive effect of the moving averages that are moving below the price in an upward order, pushing it to the top and testing the resistance again.

The stochastic oscillator is within the overbought zone and exiting from this area will press the price to rebound down from the resistance level.

The general direction of the movement: bullish.

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen, following the developments and economic data that were followed by the Japanese economy, the third largest economy in the world and on the cusp of developments and economic data expected on Monday by the US economy, the largest economy in the world.

At exactly 05:55 AM GMT, the US dollar pair rose against the Japanese yen by 0.01% to 109.39 levels compared to the opening levels at 109.37 after the pair achieved its highest during the trading session at 109.45, while achieving the lowest at 109.27.

We have followed the issuance of the initial reading of the manufacturing PMI by Markit of Japan, the third largest industrialized country in the world, which showed that the deflation widened to 48.8 compared to 48.9 last November, contrary to expectations that the deflation will expand to 48.7, and that came before we witnessed The industrial reading of the Teratari index fell 4.6% against a rise of 2.3% last September, worse than the expectations that indicated a decline of 3.5%.

On the other hand, investors are expected by the US economy to disclose data on the industrial sector with the release of the New York Industrial Index reading, which may reflect a widening to 5.1 compared to 2.9 in November, and that comes before we witness the release of the initial reading of the Manufacturing PMI Markit for the states United which may reflect the stability of the expansion at 52.6, little changed from November.

This comes in conjunction with the disclosure of the primary reading of the Markit PMI for the United States, which may reflect a widening to 52.0 compared to 51.6 in the previous reading in November, leading to the disclosure of housing market data with the release of the housing index reading by the National Association For home builders, which may reflect stability at 70 in November.

Technical analysis

The dollar versus the yen tested the support floor that formed above 109.33 level after penetrating previously and maintains its stability above it, noting that the stochastic indicator is gaining positive momentum significantly, to support the chances of resuming the expected bullish trend over the intraday basis, waiting for the visit of the 110.50 level as the next main station.

Thus, we will continue to favor the bullish trend provided that the price maintains its stability above 109.33.

The expected trading range for today is between 109.00 support and 110.20 resistance.

Expected trend for today: bullish.

Gold price futures fluctuated in a narrow range that tilted back down during the Asian session to witness its bounce for the second session in three sessions from the top since November 7, neglecting the negative stability of the US dollar index near its lowest in five months according to the inverse relationship between them after The economic developments and data that were reported on the Chinese economy by the largest consumer of metals globally and on the cusp of developments and economic data expected on Monday by the US economy, the largest economy in the world.

At exactly 03:59 AM GMT, gold price futures for February delivery fell 0.07% to trade at $ 1,478.90 per ounce compared to the opening at $ 1,480.00 per ounce, knowing that the contracts started the session’s trading on a falling price gap after the week’s transactions were concluded The past is at $ 1,481.20 an ounce, while the US dollar index fell 0.06% to 97.06 compared to the opening at 97.12.

We have followed the National Bureau of Statistics of China, the second largest economy in the world, revealed the annual reading of the retail sales index, which showed an acceleration in the pace of growth to 8.0% compared to 7.2% in the previous annual reading of last October, exceeding expectations at 7.6%, while reading showed Unemployment rates are stable at 5.1%, little changed from the previous reading in October.

We also followed the National Bureau of Statistics of China revealed the industrial sector data for the second largest industrial country in the world after the United States of America, with the release of the annual reading of the industrial production index, which showed an acceleration in the growth rate to 6.2% compared to 4.7% in the previous annual reading for the month of October , Outperforming expectations for a 5.1% acceleration.

On the other hand, investors are anticipating by the US economy the disclosure of industrial sector data with the release of the New York Industrial Index reading, which may reflect a widening of what amounted to 5.1 compared to 2.9 last November, and that comes before we witness the release of the initial reading of the manufacturing PMI Markit is for the US, which may reflect the stability of the expansion at 52.6, little changed from November.

This comes in conjunction with the disclosure of the primary reading of the Markets PMI for the United States, which may reflect a widening of 52.0 compared to 51.6 in the previous reading of November, leading to the disclosure of housing market data with the release of the housing index reading before The National Association of Home Builders, which may reflect stability at 70 in November.

Technical analysis

The price of gold made slight positive trades in the previous sessions to settle around 1475.00, and we notice that the stochastic indicator has lost the positive momentum to show clear saturation in the purchase, so that the downside corrective scenario remains valid and effective for the coming period, organized within the falling channel that appears in the image.

We point out that a break of 1460.00 will facilitate the price task by achieving our next negative targets that start at 1447.00 and extend to 1413.10, while the downside trend will remain valid unless the price rushes to breach the 1489.00 level and stability above it.

The expected trading range for today is between 1455.00 support and 1485.00 resistance.

Expected trend for today: bearish.

The euro currency fluctuated in a narrow range tilted to the upside during the Asian session against the US dollar on the threshold of economic developments and data expected on Monday by the economies of the euro area and the US economy the largest economy in the world, and in the shadow of markets pricing the developments of Britain's exit file from the European Union after victory victory Crucial to British Prime Minister Royce Johnson in the recent parliamentary elections in Britain that put his government on the right track to leave the European Union by the end of January.

At exactly 05:34 AM GMT, the euro pair rose against the US dollar by 0.08% to 1.1135 levels compared to the opening levels at 1.1126, after the pair achieved its highest level during the trading session at 1.1136, while achieving the lowest at 1.1120, knowing, The pair started the trading session on an upward price gap after it concluded the trading last week at 1.1120 levels.

Currently, markets are awaiting for the French, German and regional economies as a whole. The first reading of the Markit index of industrial and service purchasing managers for the current month is published, which may reflect the shrinking of the breadth of the service and industrial sector in France, the breadth of the service sector and the shrinking of the industrial sector in Germany and the economies of the region as a whole.

On the other hand, investors are anticipating by the US economy the disclosure of industrial sector data with the release of the New York Industrial Index reading, which may reflect a widening of what amounted to 5.1 compared to 2.9 last November, and that comes before we witness the release of the initial reading of the manufacturing PMI Markit is for the US, which may reflect the stability of the expansion at 52.6, little changed from November.

This comes in conjunction with the disclosure of the primary reading of the Markets PMI for the United States, which may reflect a widening of 52.0 compared to 51.6 in the previous reading of November, leading to the disclosure of housing market data with the release of the housing index reading before The National Association of Home Builders, which may reflect stability at 70 in November.

Technical analysis

The decline in the euro against the last dollar stopped at the level of 1.1108, as the price maintained its stability above this level, to start providing new positive trades in an attempt to resume the expected bullish trend for the coming period.

Therefore, we will continue to favor the bullish trend over the intraday and short term unless the 1.1108 level is broken and stability below it, noting that SMA 50 and the stochastic support the expected rise, whose targets begin to breach the 1.1180 level to confirm opening the way for the rally towards 1.1280 then 1.1418 as main stations deification.

The expected trading range for today is between 1.1080 support and 1.1240 resistance.

Expected trend for today: bullish.