Midday update for Silver 06-12-2021
Silver price resumes its negative trading to support the continuation of the expected bearish trend for today, which targets 21.40 level as a next main station, noting that stochastic provides negative signals that support the expected decline, which will remain valid as long as 22.70 remains intact as a first condition.
The expected trading range for today is between 22.00 support and 22.80 resistance.
The expected trend for today: Bearish
Midday update for Gold 06-12-2021
Gold price shows slight negative trades to hint resuming the expected bearish wave for today, motivated by stochastic negativity, waiting for more decline to test 1770.00 that represents our first target, noting that the EMA50 supports the suggested negative scenario, which will remain valid unless breaching 1797.00 and holding with a daily close above it.
The expected trading range for today is between 1760.00 support and 1797.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 06-12-2021
The GBPUSD pair trades positively now, affected by stochastic positivity, while the overall bearish trend still valid, supported by the EMA50 that presses negatively on the price, waiting to head towards 1.3160 that represent our next main target, reminding you that the continuation of the bearish wave depends on the price stability below 1.3355 and 1.3385 levels.
The expected trading range for today is between 1.3150 support and 1.3300 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 06-12-2021
The EURUSD pair shows weak trades since morning, settling below the EMA50 that forms negative pressure against the price, to keep our bearish overview that depends on the price stability below 1.1375, reminding you that we are waiting to visit 1.1145 as a next main target.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Bearish