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Midday update for Silver 18-08-2023
Silver price resumes its negative trading after the rise that it witnessed in the previous sessions, to support the continuation of the expected bearish trend for today, which targets 22.25 as a first main station.
Stochastic approaches the overbought areas to support the suggested negative scenario, which will remain valid unless the price rallied to breach 23.00 and hold with a daily close above it.
The expected trading range for today is between 22.20 support and 23.10 resistance.
The expected trend for today: Bearish
Midday update for Gold 18-08-2023
Gold price shows some bearish bias now that hints heading to resume the expected bearish trend for today, reminding you that our waited target is located at 1873.50.
MoreMidday update for the GBPUSD 18-08-2023
The GBPUSD pair returns to decline to break 1.2725 and close the last four hours’ candlestick below it, as it returns to the bearish channel that appears on the chart, waiting for more decline to visit 1.2625 as a first main target.
MoreMidday update for the EURUSD 18-08-2023
The EURUSD pair resumes its negative trading to move below 1.0880, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards our next target at 1.0785.
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