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Gold Touches First Target

Gold prices witnessed a noticeable decline during the previous session’s trading towards the first official target for the downside wave, as we expected at 1860. Technically, the daily trend is still bearish, given the consolidation of intraday trading below the previous broken support 1882, with the continued negative pressure of …

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Euro Below Support

Negative trading dominated the euro’s movement against the US dollar within the expected bearish path in which we relied on confirming the breach of the 1.1720 support level targeting 1.1620, the pair recorded its lowest price during the previous session at 1.1620. Technically, looking at the 4-hour chart, we find …

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