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Midday update for Silver 17-12-2019
Silver price shows sideways and tight trading since morning, and the price still confined between the trend confirmation levels represented by 16.96 support and 17.10 resistance, which makes us continue with our neutrality until the price confirms surpassing one of these levels to detect its next destination clearly.
To review the expected targets after the breach, please check our morning report.
The expected trading range for today is between 16.70 support and 17.30 resistance.
The expected trend for today: Neutral
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Midday update for Gold 17-12-2019
Gold price did not show any strong move since morning, to continue fluctuating around 1475.00, thus, no change to our bearish overview that depends on the price stability below 1489.00, reminding you that our targets begin at 1461.00 and extend to 1447.00 followed by 1413.10 after surpassing the previous level.
MoreMidday update for the GBPUSD 17-12-2019
The GBPUSD pair declined strongly to reach the thresholds of the waited negative target at 1.3135, as the price is affected by the double top pattern mentioned this morning, noting that we need to monitor the price behavior in the upcoming sessions, as the continuation of the negative pressure and breaking the mentioned level will push the price to start correctional bearish wave on the short term basis, while holding against the current negative pressure will lead the price to resume trading in the bullish channel that appears on the chart.
MoreMidday update for the EURUSD 17-12-2019
The EURUSD pair begins to provide positive trades now in attempt to resume the expected bullish trend for today, to keep the positive scenario active in the upcoming sessions, supported by the EMA50, reminding you that our targets begin at 1.1180 and extend to 1.1280 after breaching the previous level, while holding above 1.1108 represents key condition to achieve the suggested targets.
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