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Silver gathers the positive momentum – Analysis - 02-08-2016
Silver price moves within sideways track keeping its stability above the EMA50, which continues to protect the expected bullish trend scenario, mainly depending on the stability above 19.38 level, noticing that stochastic gets rid of its negativity clearly to reach the thresholds of the oversold areas.
Therefore, these factors encourage us to keep our bullish overview that its main targets begin at 21.12 and extend to reach 22.00 then 22.40.
Expected trading range for today is between 20.00 support and 21.30 resistance.
Expected trend for today: Bullish
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Gold crawls upwards – Analysis - 02-08-2016
Gold price trades with calm positivity in attempt to approach gradually from our first main target at 1375.00, as the price gets continuous positive support by the EMA50, which supports continuing to achieve gains in the upcoming period.
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