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Currency pair analysis: GBP/USD

The pound sterling against the dollar surged yesterday and breached the 1.3530 level; now it is heading towards more rise in the intraday term and is about to test the 23.6% Fibonacci retracement level. Breaching this level will extend the bullish wave to aim directly at 1.3730.

Therefore, the bullish …

Gold analysis for 08.11

Gold price continues to rally bullishly, to approach the expected positive target at 1825.15. It might also surpass this level to open the way for additional gains that reach 1860.00.

The moving average of 50 supports the price from below, therefore, a bullish trend is likely for the upcoming period, …

Currency pair analysis: GBP/USD

The GBP/USD pair rebounded temporarily after approaching our awaited target at 1.3415, and we notice that the stochastic indicator begins to cross to negative signs now. We expect that to contribute to pushing the price down to resume the descending wave, noting that breaking the mentioned level will push the …

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