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Gold analysis for 01.11

Gold price shows some bullish bias after the strong decline that it witnessed in the past sessions, to test a minor resistance level located at 1785.00, affected by the positivity of the stochastic indicator. Meanwhile, the EMA50 forms negative pressure in front of the price, which supports the chances of …

Currency pair analysis: GBP/USD

The pound sterling against the dollar fell strongly last Friday, breaking the 1.3720 level and reaching the first negative target at 1.3665. The price completed forming a double top pattern that supports the chances of achieving a more expected decline in the upcoming sessions, to surpass the current level and …

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