Gold closed the session on Friday, February 8 at $ 1313 per ounce, tracking some negative signs of movement although the price remains above the rising trend line from the 1196 low, our technical outlook is neutral with a negative bias, steam reach near the resistance level of $ 1340 may support profit taking as Staying above the support level of $ 1298 supports the price, breaking previous support will signal a break from the bullish trend line and expect a return to support $ 1241 and 1196 and this is what we expect to reach soon
Nymex Crude Oil closed at $ 53 a barrel on Friday, February 8, with some negative signs showing negative technical outlook, with the expectation of a return to the $ 47 support level near the latest support that will push us to see a steam rally towards a resistance level of $ 60-64. Expect a series of price declines from this level
The EURUSD is trading at 1.1335, our preferred direction is to buy above 1.1320 with a speculative target at 1.1360 and 1.1370 by extension, below the key support level at 1.1320, the downside is expected to reach 1.1300 and 1.1268 as targets.
GBPUSD is trading at 1.2947, our preferred trend is to buy above 1.2920 with a speculative target at 1.2975 and 1.30 in the spread, below the pivotal support level of 1.2920, which is expected to fall towards 1.2895 and 1.2855 as targets
