The trading remains confused between the keys of detecting the next trend of silver price which are represented by 22.00 support and 23.00 resistance, and we mentioned previously that breaking the mentioned support level will lead to resume the bearish bias which is targeting the psychological barrier again at 20.00 then 19.70, while breaching above the resistance will provide positive motive that pushes the price for some recovery towards 25.00 areas.

Thus, we still monitor the price move especially according to the mentioned level to get clearer confirmation signals for the trend.

Expected trading range for today is between: 21.00 support and 24.00 resistance.

Expected trend for today: Depends on the abovementioned levels

Gold price decline stopped at the breached bearish channel which turns into support now at 1353.00, and the price still needs signals to confirm its next trend, where breaking below the mentioned support will turn the negative pressure again, targeting 1300.00

On the other hand, breaching levels between 1398.00 – 1403.00 will push the price to the upside to test areas initially around 1447.00

Thus, the neutrality remains valid, until confirming surpassing one of the aforementioned levels.

Expected trading range for today is between: 1350.00 support and 1403.00 resistance.

Expected trend for today: Neutral

The pair made a new attempt to surpass 1.0300 but it didn’t achieve a daily close above it yet, keeping the sideways fluctuation on the intraday basis, and Stochastic negativity interprets the difficulty of moving higher now.

In general, we remain in our intraday bullish trend, depending on the stability above 1.0180 and 1.0100, reminding you that the target begin at 1.0365 and extend towards 1.0660

Expected trading range for today is between: 1.0150 support and 1.0445 resistance.

Expected trend for today: Bullish

The pair moves in sideways track since last week, and remains stable below the bullish channel’s resistance, while the EMA50 continues in the attempts to prevent the price from achieving more decline.

In general, we are continuing in preferring the intraday bearish trend, supported by the bearish trend that provided by Stochastic, and the targets begin by surpassing 101.80 followed by 101.25 to open the way initially towards 100.00, while achieving these targets requires holding below 103.30

Expected trading range for today is between 101.25 support and 103.35 resistance.

Expected trend for today: Bearish