Silver price found solid resistance at the EMA50, this resistance stopped the recent positive trading, which forced the price to decline resuming the suggested bearish scenario depending on breaking the sideways range support that appears in the image, besides the previously explained lower tops formation.

The waited targets begin at 22.00 followed by 20.90, noting that breaching above 22.80 will provide a positive motive that will push the price to trade again inside the previously broken sideways range.

Expected trading range for today is between: 20.90 support and 23.50 resistance.

Expected trend for today: Bearish

Gold price showed some positive trading yesterday which stopped at the EMA50 that forms a resistance barrier now at 1395.00, to bounce to the downside and keeps our overall bearish overview valid.

Our waited targets for today begin at 1365.00 followed by 1350.00, while the chances to achieve them remain valid unless 1395.00 was breached.

Expected trading range for today is between: 1350.00 support and 1400.00 resistance.

Expected trend for today: Bearish

The pair leaned on the EMA50 and bounced to the upside breaching 1.0180 in the third technical attempt, providing a daily close above it to activate a positive scenario that its targets begin at 1.0365

Stochastic negativity might make the mission to hit the waited target harder, while breaking 1.0180 -1.0105 levels will turn the price back to the bearish track.

Expected trading range for today is between: 1.0105 support and 1.0365 resistance.

Expected trend for today: Bullish

The pair fluctuates in sideways range since touching the upside channel’s resistance that appears in the image, and as we mentioned yesterday, the rules of trading inside the price channels hint to a waited bearish bounce that targets 101.10 initially, while breaking this level will lead to 99.50

Breaching above 102.90 will push the price to resume the short term bullish trend.

Expected trading range for today is between 101.00 support and 102.90 resistance.

Expected trend for today: Bearish