Midday update for Silver 02-06-2022
Silver price rallied upwards strongly to breach 21.85 level, to activate the bullish trend scenario on the intraday basis, on its way to visit 22.67 as a main positive target, supported by the moving above the EMA50, taking into consideration that the continuation of the expected bullish wave requires holding above 21.85 and the most important above 21.50.
The expected trading range for today is between 21.70 support and 22.30 resistance.
The expected trend for today: Bullish
Midday update for Gold 02-06-2022
Gold price trades positively to breach 1850.00 level and attempts to hold above it, to hint heading to achieve intraday gains in the upcoming sessions, paving the way to visit 1890.00 areas mainly, making the bullish bias suggested for today unless breaking 1850.00 followed by 1838.10 levels and holding below them.
The expected trading range for today is between 1820.00 support and 1865.00 resistance.
The expected trend for today: Bullish for the rest of the day
Midday update for the GBPUSD 02-06-2022
The GBPUSD pair shows positive trades to test the EMA50, affected by stochastic positivity, and as long as the price is below 1.2590, our bearish overview will remain valid for today, waiting to get negative motive that assist to push the price to resume the bearish track that its targets begin by testing 1.2425 level.
The expected trading range for today is between 1.2380 support and 1.2590 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 02-06-2022
The EURUSD pair trades with strong positivity to breach 1.0670 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and lead the price to resume the bullish track again, while the price needs to trade below 1.0670 again to head towards our main negative target at 1.0550.
The expected trading range for today is between 1.0550 support and 1.0730 resistance.
The expected trend for today: Bearish