Midday update for Silver 14-09-2023
Silver price trades with clear negativity to approach our waited target at 22.25, and we suggest the continuation of the negative pressure to surpass this level and open the way to achieve additional negative targets that extend to 21.80 followed by 21.35.
Therefore, the bearish trend scenario will remain valid and active for today unless breaching 23.00 and holding above it.
The expected trading range for today is between 22.40 support and 23.00 resistance.
The expected trend for today: Bearish
Midday update for Gold 14-09-2023
Gold price resumes its negative trading to move away from 1913.15 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, and the way is open to achieve our first waited target at 1890.00, noting that we expect extending the bearish wave towards 1873.50 areas.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 1913.15 followed by 1917.00 levels and hold above them.
The expected trading range for today is between 1890.00 support and 1920.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 14-09-2023
The GBPUSD pair settles near 1.2505 level, keeping its stability below it, while stochastic begins to overlap negatively now, waiting to resume the expected bearish wave for today, which its next main targets located at 1.2400 followed by 1.2310, reminding you that the continuation of the bearish wave depends on the price stability below 1.2505.
The expected trading range for today is between 1.2400 support and 1.2550 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 14-09-2023
The EURUSD pair shows some bearish bias now, waiting for more decline to achieve our main expected target at 1.0635, supported by the negative pressure formed by the EMA50.
Breaking 1.0720 will reinforce the expectations of continuing the bearish trend in the upcoming sessions, while holding below 1.0785 represents major condition to achieve the suggested targets.
The expected trading range for today is between 1.0650 support and 1.0800 resistance.
The expected trend for today: Bearish