Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for Silver 24/05/2013

Economies.com
2013-05-24 11:13AM UTC

More sideways trading dominates silver price between 22.00 and 23.00, while the EMA50 and Stochastic are pushing negatively on the intraday trading.

 

In general, we are still waiting for surpassing one of the above mentioned levels to confirm the next trend on the intraday and short term basis.

 

Expected trading range for today is between: 21.00 support and 23.50 resistance.

 

Expected trend for today: Depends on the abovementioned levels

 

 

Midday update for Gold 24/05/2013

Economies.com
2013-05-24 11:13AM UTC

Gold price fluctuates around the EMA50, finding solid resistance below 1400.00 until now, while we still waiting to confirm surpassing one of the critical levels between 1364.00 support and 1400.00 resistance to get clearer signal for the next trend, and the details of the suggested targets are explained in our morning report.

 

Expected trading range for today is between: 1340.00 support and 1447.00 resistance.

 

Expected trend for today: Depends on the abovementioned levels

Midday update for GBP USD 24/05/2013

Economies.com
2013-05-24 11:12AM UTC

The pair shows some slight bullish bias since morning, and remains stable below 1.5190, which allows us to continue in our waited bearish trend expectations for today, supported by Stochastic reach the overbought levels.

 

Expected trading range for today is between: 1.4820 support and 1.5190 resistance.

 

Expected trend for today: Bearish

 

Midday update for EUR USD 24/05/2013

Economies.com
2013-05-24 11:12AM UTC

The pair retested 1.2990 again this morning, and remains below it, which keeps our suggested bearish trend expectations for today valid, being aware that breaching the mentioned level will open the gate of an upside rally that reaches towards 1.3145 – 1.3185

 

Expected trading range for today is between: 1.2725 support and 1.3000 resistance.

 

Expected trend for today: Bearish