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Midday update for Silver 16-08-2021
Silver price resumes its negative trades to move away gradually from 23.75 level, affected by stochastic negativity, waiting for more decline to hed towards 22.90 as a next main station, taking into consideration that breaching 23.75 will stop the negative scenario and lead the price to turn to rise on the intraday basis.
The expected trading range for today is between 23.00 support and 24.00 resistance.
The expected trend for today: Bearish
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Midday update for Gold 16-08-2021
Gold price fluctuates around 1775.00 level since morning, keeping its stability above the key support 1770.00, getting positive support by the EMA50, to keep the bullish trend scenario active for today, reminding you that our main waited target is located at 1797.00, which breaching it represents the key to rally towards 1825.15 as a next positive station.
MoreMidday update for the GBPUSD 16-08-2021
The GBPUSD pair keeps its stability below 1.3875 level, and stochastic continues to provide the negative signals, to keep our bearish overview that depends on the price stability below the mentioned level, reminding you that our main waited targets begin at 1.3760 and extend to 1.3680.
MoreMidday update for the EURUSD 16-08-2021
The EURUSD pair shows some bearish bias to test the key support base 1.1780, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for the upcoming period, noting that the EMA50 meets the mentioned support to add more strength to it, waiting to visit 1.1840 initially.
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