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The pound sterling against the dollar maintained stability below the 1.3470 level, and rebounded downwards from there to resume the expected bearish path for the upcoming period. The way is open to visiting the 1.3355 level as the first target.

Therefore, we await more decline today, noting that breaking the ...

Gold price ended yesterday’s trading with noticeable negativity and settled below 1860.00. However, the stochastic indicator gained positive momentum, and we expect it to motivate the price to rise again, while the EMA50 continues to support the price from below.

Therefore, we are likely to witness positive trades in the ...

The gold price maintains its stability above the 1860.00 level, and obtains continuous positive support from the EMA50. It is waiting for a positive stimulus that will push the price to resume the main bullish trend, whose next target is at 1900.00.

Therefore, the positive scenario remains valid for the ...

The GBP/USD pair shows sideways trading and settles near the 1.3400 level. It is under the negative pressure that the EMA50 continues to show, awaiting the resumption of the descending pattern, whose next target is at 1.3355. Breaking this level is required to confirm the path towards 1.3160.

On the ...

The GBP/USD pair touched the 1.3355 level and rebounded significantly to make some bullish correction for the decline that started from 1.3834 areas. EMA50 forms continuous negative pressure in front of the price, while the stochastic indicator is showing clear negative signs now.

Thus, we believe that resumption of the ...

Gold price ended last week’s trading above the level of 1860.00, which supported the overall positive scenario for the upcoming period despite the decline witnessed by the price at the opening of the day; now it is waiting to head towards 1900.00 as a main positive station.

The negativity of ...

Gold price starts today’s trading with a slight bearish tendency to move below 1860.00. However, we will rely on the daily closing above this level that the price achieved. Therefore, we continue suggesting the bullish trend for the upcoming period, with the price heading towards the 1900.00 level mainly.

The ...

The GBP/USD pair shows additional negative trades to move away from the 1.3415 level. It supports the continuation of the bearish trend scenario on the intraday and short term, and we believe that the way is open to achieving our next target at 1.3300. Breaching it is the key to ...

Gold price managed to touch our expected target at 1860.00 and found strong resistance there, showing some slight bearish bias. The price completed forming a positive technical formation that we believe will motivate it to resume the bullish bias and surpass the mentioned level to head towards 1900.00 in the ...

The pound sterling against the dollar traded with strong negativity yesterday after breaking the 1.3500 level and reached the expected negative target at 1.3415. It starts today with more bearish bias and is expected to break this level and settle below it, confirming the shift to the downside. It is ...