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Midday update for Silver 17-08-2022
Silver price faces clear negative pressure now to attack 20.00 level, which urges caution from the upcoming trading, as confirming breaking this level will stop the recently suggested positive scenario and press on the price to turn to decline, to head towards achieving negative targets that start at 19.55 and extend to 19.00.
The expected trading range for today is between 19.70 support and 20.60 resistance.
The expected trend for today: Bullish
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Midday update for Gold 17-08-2022
Gold price resumes its negative trading after testing the EMA50, to settle below 1779.25 level, which keeps the bearish trend scenario active for today, supported by the negative overlapping signal provide by stochastic now, waiting to head towards 1755.25 as a next main target, reminding you that it is important to hold below 1779.25 to continue the expected decline.
MoreMidday update for the GBPUSD 17-08-2022
The GBPUSD pair tested the key resistance 1.2140 and bounced bearishly from there, to remain stuck between the trend keys represented by the mentioned resistance and 1.2030 support, which keeps our neutrality valid until now, until the price manages to surpass one of these levels.
MoreMidday update for the EURUSD 17-08-2022
The EURUSD pair didn’t show any strong move since morning, and as long as the price is below 1.0200, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our main targets begin at 1.0100.
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