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Midday update for Silver 30-05-2023
Silver price tested the key support 23.00 but it couldn’t manage to break it, to show positive trades and head towards potential test to the bearish channel’s resistance, and as long as the price is below 23.30, the bearish trend scenario will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target reaches 22.25.
The expected trading range for today is between 22.50 support and 23.50 resistance.
The expected trend for today: Bearish
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Midday update for Gold 30-05-2023
Gold prices declined this morning but it returns to fluctuate near 1945.20 level, waiting to get negative motive that assists to push the price to resume the bearish wave that targets 1913.15 level as a next main station.
MoreMidday update for the GBPUSD 30-05-2023
The GBPUSD pair is testing the key resistance 1.2380, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend valid for today, as breaching it will push the price to break 1.2345 to confirm heading towards 1.2240 as a next main target for the suggested bearish wave.
MoreMidday update for the EURUSD 30-05-2023
The EURUSD pair provided additional negative trades to approach our waited target at 1.0650, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, noting that breaking this level will extend the bearish wave to reach 1.0520 areas on the near term basis.
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