Midday update for Silver 20-10-2021
Silver price resumes its positive trades to approach 24.00 barrier, waiting for more rise to surpass our first target at 24.20 and open the way to head towards the next positive station at 25.05, to keep our bullish overivew unless breaking 23.15 and holding below it.
The expected trading range for today is between 23.35 support and 24.20 resistance.
The expected trend for today: Bullish
Midday update for Gold 20-10-2021
Gold price crawls upwards to move away from 1770.00 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by stochastic positivity that appears on the four hours’ time frame, depending on the price stability above the mentioned level, reminding you that our first main target is located at 1797.00.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 20-10-2021
The GBPUSD pair faces negative pressure to break 1.3795 level and moves below it, which urges caution from the upcoming trading, as holding below this level will stop the morning suggested positive scenario and press on the price to visit 1.3720 level before any new positive attempt, while the price needs to step above 1.3795 to resume the bullish track that its next target located at 1.3910.
The expected trading range for today is between 1.3750 support and 1.3900 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 20-10-2021
The EURUSD pair trades negatively to test the key support base 1.1615, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for today, supported by stochastic reach to the oversold areas, waiting to test 1.1670 level initially, noting that breaking 1.1615 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.1570 support and 1.1720 resistance.
The expected trend for today: Bullish