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Midday update for Silver 04-08-2022
Silver price resumes its positive trading to approach 20.50 level, waiting for more rise to breach this level and head towards 21.00, to keep our bullish trend scenario active supported by the EMA50 unless breaking 19.60 and holding below it.
The expected trading range for today is between 19.60 support and 20.50 resistance.
The expected trend for today: Bullish
Midday update for Gold 04-08-2022
Gold price managed to breach 1779.25 level and attempts to hold above it, which supports the continuation of the expected bullish trend scenario for the upcoming period efficiently, opening the way to head towards our next positive target at 1802.80, noting that holding above 1779.25 represents the first condition to continue the suggested rise.
MoreMidday update for the GBPUSD 04-08-2022
The GBPUSD pair trades with strong negativity to break the bullish channel’s support line and attacks 1.2077, which urges caution from the upcoming trading, as continuing the negative pressure and breaking the mentioned level will stop the recently suggested positive scenario and push the price back to the main bearish track again, while the price needs to step above 1.2155 to confirm resuming the bullish wave that its next target located at 1.2360.
MoreMidday update for the EURUSD 04-08-2022
The EURUSD pair continues to fluctuate near 1.0200 level without managing to breach it, and as long as the price is above 1.0100, our bullish overview will remain valid for today, waiting to get strong positive motive that assist to push the price to breach the mentioned level and rally towards 1.0278 followed by 1.0355 as next main targets.
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