Silver price shows positive trading in attempt to move away from the main bullish channel’s support, and gets positive motive from stochastic, to support the expectations for the bullish trend continuation in the upcoming sessions, and its main initial target at 18.60, while holding above 17.90 represents an important condition for achieving it.
The expected trading range for today is between 17.90 support and 18.40 resistance.
The expected trend for today: Bullish
Gold price begins providing positive trading now, supported by the positive signals that come from stochastic, waiting for more of the upside moves in the upcoming sessions, and its tragets begin by confirming braeching 1508.00 to reinforce the expectations of the rally towards 1555.00 that represents our next main target, reminding you that holding above 1485.00 is important for the continuation of the expected rise.
MoreThe GBPUSD pair rallies upwards strongly to breach 1.2400 level and attempts to hold above it, to hint the price head to activate the positive scenario in the upcoming sessions, noting that the bullish bias will be suggested for the rest of the day conditioned by the price stability above 1.2400, waiting to visit 1.2520 mainly.
MoreThe EURUSD pair trades positively to attempt to breach the bearish channel’s resistance, which urges caution from the upcoming trading, as confirming breaching this level will push the price to achieve more rise and head towards 1.1180 as a next positive station, while consolidating below it will lead the price to start bearish wave that targets 1.0857 areas mainly.
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