The gold price managed to break the 1800.00 level and stabilize with the daily closing below it, which supports the continuation of the expected bearish trend scenario for the upcoming period. It is also supported by the negative pressure formed by the moving average 50, waiting to visit the 1770.00 ...
The GBP/USD pair succeeded in achieving our awaited target at 1.3355 and settling near it, and is likely to break this level with the support of the negative pressure formed by the EMA50. It will open the way to 1.3160 as the next negative target.
From here, the bearish trend ...
Gold price settled near the level of 1800.00 after the strong decline that it witnessed yesterday, which indicates that the price is on the way to achieve more expected decline in the upcoming sessions. Exceeding this level will lead the price to visit the level of 1770.00 directly.
Therefore, the ...
The GBP/USD pair resumed its negative trading to approach the expected target at 1.3355. We expect it to break this level and to continue the decline within the descending channel that appears on the chart, supported by the EMA50, noting that the next target extends to 1.3160.
The stability below ...
Gold price faced strong negative pressure in the past sessions: it completed forming a minor double top pattern and was approaching the 1834.00 level. The price shows recovery attempts now, but it is still below the broken neckline of the mentioned negative pattern, which makes us prefer to stay aside ...
The pair tested the 1.3470 level and bounced down from there, which keeps the bearish trend scenario active for the upcoming period. It will be organized within the descending channel that appears on the chart, and the price will visit 1.3355 as the next main target.
The moving average 50 ...
The British pound against the dollar stays stable above the 1.3470 level, which keeps the bullish corrective trend scenario active for the upcoming period. The price is waiting to visit the 1.3540 level initially.
However, breaking 1.3470 will stop the expected rise and pressure the price to resume the main ...
The recent gold price trades are confined within a bullish triangular flag pattern whose features appear in the above chart, and therefore, the price needs to breach the 1868.50 level to activate the positive effect of this pattern and then rush towards our positive targets that start at 1900.00 and ...
Gold price is trading above 1860.00, which keeps the bullish trend scenario valid and effective for the upcoming period. It is also supported by the EMA50 that carries the price from below. The price is waiting to head towards 1900.00, our next main target.
The current negativity of the stochastic ...
The GBP/USD pair rushed upwards to breach the 1.3470 level and settle above it, which gives way to more bullish correction on the intraday term, targeting the 1.3540 level as a next stop. Breaching it will push the price to visit the 1.3595 level as a second corrective station.
The ...