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Midday update for Silver 12-05-2021
Silver price shows sideways trading since morning, affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the expected bullish trend for the upcoming period, which its next targets located at 28.25 followed by 29.00, while achieving them requires holding above 26.60.
The expected trading range for today is between 26.00 support and 28.25 resistance.
The expected trend for today: Bullish
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Midday update for Gold 12-05-2021
Gold price shows new decline to test 1825.00 level and keeps its stability above it until now, getting continuous positive support by the EMA50, to keep our bullish overview that depends on the price stability above the mentioned level, noting that the waited targets begin by surpassing 1838.00 to confirm rallying towards 1855.00 followed by 1865.00 levels.
MoreMidday update for the GBPUSD 12-05-2021
The tight range keeps dominating the GBPUSD pair’s trades, thus, no change to the bullish trend scenario that depends on the price stability above 1.4100, while its next main target reaches 1.4238.
MoreMidday update for the EURUSD 12-05-2021
The EURUSD pair faced additional negative pressure to attack 1.2135 level, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the positive scenario active for today, which its targets begin by surpassing 1.2170 to confirm rallying towards 1.2300 as a next main station.
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