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Midday update for Silver 24-01-2024
Silver price rallies upwards to test 22.50 level and head towards activating the positive scenario in the upcoming sessions, targeting testing 23.00 level initially, noting that breaching it will extend the bullish wave to reach 23.70 areas on the near-term basis, while the expected rise will remain valid unless breaking 22.25 and holding below it.
The expected trading range for today is between 21.90 support and 22.90 resistance.
The expected trend for today: Neutral
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Midday update for Gold 24-01-2024
Gold price shows positive trades now to hint heading towards the waited target at 2065.70, to keep the bullish trend valid and active for today, supported by stochastic positivity that appears on the intraday time frames, reminding you that the continuation of the bullish wave depends on the price stability above 2016.90.
MoreMidday update for the GBPUSD 24-01-2024
The GBPUSD pair rallies upwards to reach the thresholds of the first waited target at 1.2780, and we suggest the continuation of the bullish bias to visit 1.2825 as a next station, noting that surpassing this level will lead the price to achieve more gains on the longer-term basis and head towards 1.3000 areas.
MoreMidday update for the EURUSD 24-01-2024
The EURUSD pair trades with strong positivity to breach 1.0860 level and attempts to confirm surpassing 1.0890 level, to hint heading to recover for the rest of the day, affected by stochastic positivity, but we prefer to stay aside until the price confirms breaching 1.0890 resistance or breaking the support line formed at 1.0860 to detect the next destination clearly.
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