Midday update for Silver 29-11-2023
Silver price fluctuates with slight negativity now, and it might test the key support 24.60 before turning back to rise again, as it is affected by stochastic negativity.
In general, the bullish trend scenario still valid for today as long as the mentioned support remains intact, reminding you that our next main target reaches 25.50.
The expected trading range for today is between 24.70 support and 25.50 resistance.
The expected trend for today: Bullish
Midday update for Gold 29-11-2023
Gold price shows some slight bearish bias now, affected by stochastic negativity, and the price needs to hold above 2030.00 as a first condition to the continuation of the bullish wave for today, as breaking it represents negative factor that will push the price to turn to decline for the rest of the day, while the price needs to breach 2047.00 to confirm rallying towards our next main target that extend to 2075.25.
The expected trading range for today is between 2030.00 support and 2065.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 29-11-2023
The GBPUSD pair faces solid resistance at 1.2720, waiting to get positive motive that assist to push the price to breach this level and confirm extending the bullish wave on the intraday and short-term basis, reminding you that we are waiting to head towards 1.2880 as a next main target, while holding above 1.2720 against the positive attempts will put the price under negative pressure to head towards 1.2590 before any new positive attempt.
The expected trading range for today is between 1.2650 support and 1.2800 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 29-11-2023
The EURUSD pair provided some bearish bias this morning but it returns to attempt to rise again, to keep the bullish trend scenario valid and active for today, supported by the EMA50, noting that we are waiting to visit 1.1080 as a next main station, while the continuation of the bullish wave depends on the price stability above 1.0960.
The expected trading range for today is between 1.0950 support and 1.1090 resistance.
The expected trend for today: Bullish