Midday update for Silver 05-01-2022
Silver price hovers around the EMA50, waiting to activate the negative effect of stochastic to motivate the price to rally towards 22.20 that represents our main negative target, to continue suggesting the bearish trend in the upcoming sessions conditioned by the price stability below 23.15.
The expected trading range for today is between 22.40 support and 23.15 resistance.
The expected trend for today: Bearish
Midday update for Gold 05-01-2022
Gold price resumes its positive trades now, and as long as the price is above 1797.00, our bullish overview will remain valid for today, supported by the EMA50, reminding you that our targets begin at 1825.15 and extend to 1860.00 after surpassing the previous level.
The expected trading range for today is between 1800.00 support and 1830.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 05-01-2022
The GBPUSD pair resumes its positive trades to approach 1.3565 level, waiting for more rise to breach this level and confirm extending the bullish wave towards 1.3660, to keep our bullish overview that gets continuous support by the EMA50 conditioned by the price stability above 1.3485.
The expected trading range for today is between 1.3450 support and 1.3620 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 05-01-2022
The EURUSD pair shows positive trades to approach testing 1.1315 level, which represents the first protection factor to the expected negative scenario on the intraday basis, which its targets begin by breaking 1.1280 to confirm heading towards 1.1150, reminding you that the continuation of the bearish wave requires holding below 1.1315 and the most important below 1.1375.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Bearish