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Silver price faces negative pressure - Analysis - 23-02-2023
Silver price bounced bearishly after approaching the waited target at 22.13, to reach the thresholds of the key support 21.40, to stuck within sideways track between these levels, and we suggest witnessing sideways trades between the mentioned levels in the upcoming sessions until the price manages to surpass one of them followed by detecting its next targets clearly.
Note that breaking the mentioned support will push the price to target the next correctional level at 20.64, while breaching the resistance will lead the price to recover and attempt to regain the bullish trend, to head towards visiting 23.05 areas initially.
The expected trading range for today is between 21.20 support and 22.00 resistance.
The expected trend for today: Sideways
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Gold price presses on the support – Analysis - 23-02-2023
Gold price trades negatively to press on the key support 1828.70, and attempts to break, which urges caution from the upcoming trading, as breaking it will press on the price to resume the correctional bearish track and head to visit 1788.20 as a next negative target.
MoreThe USDCAD keeps rising – Analysis - 23-02-2023
The USDCAD pair provided new positive trades yesterday, but it returns to test the intraday bullish channel’s support line that appears on the chart, noticing that stochastic gets rid of its negative momentum clearly to approach the oversold areas, waiting to motivate the price to resume the bullish wave that its next targets located at 1.3590 followed by 1.3680.
MoreThe USDJPY within tight range – Analysis - 23-02-2023
The USDJPY pair fluctuates within tight range in the previous sessions, and continues to test 135.00 barrier, waiting to get strong positive motive that assists to push the price to surpass the mentioned level and open the way to achieve our next positive targets that start at 135.70 and extend to 137.70.
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