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Gold analysis for 10.11

Gold price managed to breach the 1825.15 level and close the daily candle above it. This supports the bullish trend scenario for the intraday and the short term, and the way is open towards 1860.00, our next target.

The EMA50 supports the price from below; breaking the level 1825.15 and …

Currency pair analysis: GBP/USD

The currency pair found it difficult to surpass the 1.3610 level and showed some temporary bearish bias. The stochastic indicator is trying to gain positive momentum on the intraday time frame, which would support the chances of surpassing the mentioned level and heading towards 1.3730 as the next positive target. …

10.11. Oil increases, Chinese property sector raises concerns

News for today, November 10:

European stock markets are expected to open lower on Wednesday amid traders' caution ahead of key U.S. inflation data and renewed concerns over the state of the Chinese property market. Developer Fantasia Holdings announced Wednesday that it may not be able to meet its debt …

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