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Midday update for Silver 08-06-2023
Silver price returns to attack 23.00 level, motivated by the positive overlapping signal provided by stochastic, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario valid for today, which targets 23.00 as a next station.
We should note that confirming breaching 23.70 will lead the price to turn to rise and achieve gains that start by visiting 24.00 followed by 24.60 areas.
The expected trading range for today is between 23.00 support and 23.90 resistance.
The expected trend for today: Bearish
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Midday update for Gold 08-06-2023
Gold prices provides positive trades to move above 1945.20, affected by stochastic positivity, which urges caution from the upcoming trading, as holding above this level will stop the correctional bearish scenario and push the price to test 1966.45 followed by 1977.25 initially.
MoreMidday update for the GBPUSD 08-06-2023
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the expected negative scenario for today and lead the price to regain the main bullish trend again.
MoreMidday update for the EURUSD 08-06-2023
The EURUSD pair shows new positive trades to fluctuate at 1.0730 again, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend active, which targets 1.0650 mainly.
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