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Midday update for Silver 02-08-2016
Silver price shows positive attempts now supported by the positive overlapping signal that comes from stochastic, reinforcing the bullish trend expectations for today, waiting for testing 21.12 level initially, where breaching it represents the extension key for silver gains to reach 22.00.
Therefore, we will keep preferring the bullish bias in the upcoming period unless witnessing a clear break and stability below 19.38 level.
Expected trading range for today is between 20.00 support and 21.30 resistance.
Expected trend for today: Bullish
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Midday update for Gold 02-08-2016
Gold price resumes its positive trading now heading towards our waited target at 1375.00, motivated by the positive signal that come from stochastic, to keep the bullish trend valid efficiently for the rest of the day, supported by the EMA50 that we wait to allow the price to breach the mentioned level to open the way towards 1400.00 barrier as a next main station.
MoreMidday update for GBPUSD 02-08-2016
The GBPUSD pair continues to fluctuate near the EMA50, besides providing some slight positive trading this morning, while stochastic reaches the overbought levels again to form negative pressure that we wait to push the price to decline.
MoreMidday update for EURUSD 02-08-2016
The EURUSD pair resumed its positive trading to breach 1.1196 level and achieved four hours close above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, opening the way towards 1.1356 as a next main station.
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