Midday update for Silver 03-06-2022
Silver price settles around 22.40 level since morning, getting positive support by the EMA50, to keep our bullish overview that targets 22.67 level as a next main station, noting that breaching this level will extend the bullish wave to reach 23.45, while the price needs to hold above 21.85 as a first condition to continue the expected rise.
The expected trading range for today is between 22.10 support and 22.80 resistance.
The expected trend for today: Bullish
Midday update for Gold 03-06-2022
Gold price shows some slight bearish bias, affected by stochastic negativity, while the EMA50 provides positive support to the price, to keep our bullish overview unless breaking 1850.00 and 1838.10 levels and holding below it, reminding you that our main waited target is located at 1890.00.
The expected trading range for today is between 1850.00 support and 1890.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 03-06-2022
The tight range dominates the GBPUSD pair’s trades since morning, and as long as the price is below 1.2590, our bearish overview will remain valid for today, supported by stochastic negativity, reminding you that we are waiting to visit 1.2490 followed by 1.2425 levels as main targets.
The expected trading range for today is between 1.2470 support and 1.2650 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 03-06-2022
The EURUSD pair didn’t show any strong move since morning, to continue fluctuating near 1.0770 level, keeping its stability below it, to keep the bearish trend scenario active for today, reminding you that our main waited target is located at 1.0670.
Note that the markets might witness high volatility at the time of releasing the US data today, which urges caution from the upcoming trading.
The expected trading range for today is between 1.0660 support and 1.0820 resistance.
The expected trend for today: Bearish