Midday update for Silver 02-02-2023
Silver price shows new positive trades in attempt to reach our main waited target at 24.55, waiting for more rise for the rest of the day, reminding you that breaching the mentioned level will extend the bullish wave to reach 25.00 areas, while achieving these targets depends on the price stability above 23.65.
The expected trading range for today is between 23.90 support and 24.70 resistance.
The expected trend for today: Bullish
Midday update for Gold 02-02-2023
Gold price keeps its stability above 1950.00 level, to keep the bullish trend scenario active for today, supported by the EMA50 that continues to carry the price from below, waiting to get enough positive momentum to push the price to head towards our next main target at 2000.00.
The expected trading range for today is between 1940.00 support and 1975.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 02-02-2023
The GBPUSD pair fluctuates with slight negativity to test the EMA50, affected by stochastic negativity, and as long as the price is above 1.2320, our bullish overview will remain valid for today, waiting to get positive motive that assists to push the price to achieve our targets that start at 1.2440 and extend to 1.2595 after breaching the previous level.
The expected trading range for today is between 1.2320 support and 1.2480 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 02-02-2023
The EURUSD pair faces solid resistance at 1.1030, to show some bearish bias now, which urges caution from the upcoming trading, as continuing the decline and breaking 1.0940 will push the price to achieve more bearish bias and visit the bullish channel’s support line around 1.0815 before any new attempt to rise.
The expected trading range for today is between 1.0950 support and 1.1110 resistance.
The expected trend for today: Bullish