Gold price is facing negative pressure to approach the support of the bullish channel, and as long as the price is above 1700.00, our bullish trend expectations will remain valid for the upcoming sessions, supported by the moving average 50
Shares in Wall Street rally on optimism over the resumption of economic activity in the United States.
Samsung Electronics shares rose on the back of the growing problems faced by Huawei, including Google's decision to cut ties with the Chinese mobile phone company.
On the XPTUSD: D1 daily time frame the resistance line has crossed the downtrend. Various technical analysis indicators generated an uptrend. Additional supply growth can be achieved in the event of increased demand for precious metals.
The Obour Land share, the stock is moving sideways in a narrow range between the support level 8.50 EGP and the resistance level 9.10 EGP, and the stock is expected to rebound towards the upper limit of this move during this week’s trading.
On the daily time range, the pair is proceeding according to a bullish channel
The Swiss franc is a safe haven reference currency because of its history as a haven for wealthy individuals from foreign beaches looking to a safe guard capital. In contrast, the British Pound is one of the major reserve currencies and represents the largest financial center in the world.
Yesterday, the dollar versus the yen resumed its negative trading, moving above the MA and stabilizing below it, which supports the continuation of our bearish expectations.