News for today, December 10:
Oil prices edged lower on Friday but remained on track for their highest weekly gain since late August. It was caused by changed market sentiment amid eased concerns about the Omicron coronavirus variant with regard to global growth and fuel demand. The strengthening of the …
Gold price showed noticeable negative trades yesterday and completed forming a bearish continuation flag pattern, whose features appear on the chart above. The price is expected to get a negative motive that will push it to the awaited negative levels. The target levels start at 1770.00 and extend to 1734.00 …
The GBP/USD pair tests the resistance line again, and clear overbought signs are noticed on the stochastic indicator, while the EMA50 continues to press negatively on the price.
These factors encourage us to continue suggesting a bearish trend for the upcoming period. Its targets are 1.3160 and 1.3050 after breaking …
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