Silver price declined to test the critical support 22.00, which breaking it represents the confirmation key for the continuation of moving lower mainly towards 20.00

And until now, we are waiting for the confirmation signal of the next trend, where we need a break below the mentioned support or a breach above the resistance 23.00, and the contradiction between EMA50 and Stochastic is another reason for being aware and monitoring the price according to the mentioned levels.

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

Expected trend for today: Depends on the abovementioned levels

Gold price settled near 1360.00, and the trading is limited inside sideways range between 1400.00 and 1340.00, while we find a contradiction between Stochastic positivity and the EMA50 negativity.

Thus, the sideways trading will be preferred in the upcoming period, until the price succeeds to surpass one of the aforementioned levels.

Expected trading range for today is between: 1340.00 support and 1400.00 resistance.

Expected trend for today: Sideways

The pair continues its positive attempts which started yesterday’s evening, while it achieved a daily close exactly at 1.0365, opening today’s trading with bullish bias that supports our expectations for the continuation of our positive overview on the intraday and short term basis.

Therefore, we expect witnessing more negativity for today, and the waited target at 1.0660, pointing that the return below 1.0365 might delay achieving the waited targets.

Expected trading range for today is between: 1.0265 support and 1.0500 resistance.

Expected trend for today: Bullish

The pair fluctuates around the bullish channel’s resistance level yesterday, while it keeps the stability below this resistance, which makes us keep our suggested bearish trend expectations in our last reports, depending on the trading rules inside the price channels.

Stochastic provides negative signal that supports our expectations for the decline, which its targets begin at 102.20 followed by 101.30

Expected trading range for today is between 102.00 support and 103.50 resistance.

Expected trend for today: Bearish