|
Silver price confirms the break - Forecast today - 09-10-2024
Silver price settles around 30.50$ level after the strong decline that it witnessed on yesterday’s evening, and we suggest the continuation of the negative trades to break 30.06$ level and target 29.30$ areas as a next main station, to keep the bearish trend expected for the upcoming period, supported by moving below the EMA50.
On the other hand, we should note that breaching 31.00$ will stop the suggested bearish wave and lead the price to start new recovery attempts and achieve gains that start by testing 31.70$.
The expected trading range for today is between 29.90$ support and 30.90$ resistance.
Trend forecast: Bearish
Thanks for your feedback.
Gold price achieves the target – Forecast today - 09-10-2024
Gold price ended yesterday with strong negativity to settle below 2635.06$, as it activated the negative effect of the double top pattern to fall under expected negative pressure in the upcoming sessions, which supports the chances of breaking 2603.87$ to open the way to head towards 2578.65$ as a next correctional station.
MoreThe USDCAD price surpasses the target – Forecast today - 09-10-2024
The USDCAD price succeeded to achieve our waited target at 1.3653$, starting today with additional positivity to surpass this level and attempt to hold above it, reinforcing the expectations of continuing the domination of the bullish trend and head to achieve additional gains that reach 1.3765$.
MoreThe USDJPY price attempts positively – Forecast today - 09-10-2024
The USDJPY price shows new positive trades to test 148.53 level, and the price needs to surpass this level to reinforce the expectations of continuing the bullish trend on the intraday basis, as we are waiting to achieve new gains that extend to 150.00 followed by 151.00.
More