Midday update for Crude oil 05-08-2022
Crude oil price resumes its negative trades now, waiting for more decline to achieve our extended negative targets that start at 85.90 followed by 84.55, noting that breaking 87.40 will reinforce the expectations to decline, while holding below 91.15 represents key condition to continue the suggested bearish wave.
The expected trading range for today is between 85.90 support and 90.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 05-08-2022
Silver price tests the minor support 20.00, while the EMA50 continues to support the price from below, waiting to resume the bullish wave that targets 20.50 followed by 21.00 levels as next main stations, reminding you that the continuation of the bullish wave requires holding above 19.60.
The expected trading range for today is between 19.90 support and 20.80 resistance.
The expected trend for today: Bullish
Midday update for Gold 05-08-2022
Gold price fluctuates with slight negativity, and it might test the key support base 1779.25 before turning back to rise again, as it is affected by stochastic negativity.
In general, the bullish trend scenario still valid as long as 1779.25 and the most important 1755.70 levels remain intact, reminding you that our targets begin by breaching 1802.80 to open the way to head towards 1831.95.
The expected trading range for today is between 1775.00 support and 1810.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 05-08-2022
The GBPUSD pair hovers around the EMA50, and as long as the price is above 1.2077, our bullish overview will remain valid for the upcoming period, waiting to get positive motive that assist to push the price to head towards our next main target at 1.2360.
The expected trading range for today is between 1.2040 support and 1.2240 resistance.
The expected trend for today: Bullish