The pair succeeded to retest 0.9975 and bounced lower from there to resume its expected decline, heading towards our main target at 0.9825
Thus, the bearish trend will be preferred today too, and monitoring the price when reaching the mentioned target is required, where breaking below it will open the way towards more downside track which its next targets towards 0.9685
Expected trading range for today is between: 0.9765 support and 0.9975 resistance.
Expected trend for today: Bearish
The pair achieved a break and stability below 94.65, stopping the positive scenario temporarily, and the trading is stuck between the mentioned level and the moving average which forms support now at 93.35
Thus, we need clearer signals for the next intraday trend, which we get them by monitoring according to the above mentioned levels, where breaching above 94.65 will turn the positive scenario again, while breaking below 93.35 will push the price to test the main bullish channel’s support around 92.20
Expected trading range for today is between: 92.20 support and 97.00 resistance.
Expected trend for today: Depends on the above mentioned levels
Silver price remains fluctuating in bearish bias to be moving now at the sideways range’s support at 23.25, and as we mentioned in our recent report, the stability above this support will keep the sideways trading valid, and the target begin at 24.30 followed by 24.60, where breaking below 23.25 will cause a decline that its initial targets reach towards 22.00
Expected trading range for today is between: 22.00 support and 24.60 resistance.
Expected trend for today: Sideways
Gold price is affected by more negative pressure caused by the EMA50 on the intraday basis, and by the above chart we notice the drawing of three tops that causes strong negative pressure which decelerate any attempt for the price to rise.
Therefore, the bearish trend will be preferred on the upcoming period, while breaking below 1421.00 represents the key of confirming the decline towards levels begin at 1404.00 followed by 1390.00, taking into consideration that breaching above 1440.00 will provide initial attempts to invalidate the negative effect for the mentioned tops’ pattern.
Expected trading range for today is between: 1390.00 support and 1447.00 resistance.
Expected trend for today: Bearish