Silver Price Analysis

Expected Scenario

• Silver price faces negative pressure to show some temporary bearish bias, as stochastic negativity interprets the reasons of the current decline.
• But as long as the price is above 26.65$ support, our bullish overview will remain valid and active, which targets 28.00$ areas as a next main station.

Expected Outcome

Noting that breaching 27.20$ will ease the mission of achieving the suggested target.

Expected Trading Range

Between 26.85$ support and 27.75$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price trades negatively now, affected by stochastic negativity.
• It might head towards testing the key support base formed at 2260.00$ before turning back to rise again.

Expected Outcome

Until now, the overall positive scenario still valid for the upcoming period, supported by the EMA50, reminding you that our next target reaches 2330.00$, while breaking 2260.00$ represents negative factor that will force the price to suffer additional losses and visit 2215.00$ areas before turning back to rise again.

Expected Trading Range

Between 2280.00$ support and 2325.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price crawls upwards calmly, to gradually approach 1.2700$ level.
• It needs to get positive motive that assists to breach this level to open the way to rally towards 1.2800$ as a next positive target.

Expected Outcome

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that it is important to hold above 1.2580$ to achieve the waited targets.

Expected Trading Range

Between 1.2570$ support and 1.2740$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price is testing the key resistance 1.0860$ now, which represents one of the next trend keys besides 1.0765$ support line.
• The price needs to surpass one of these levels to detect its next destination clearly.

Expected Outcome

Therefore, we will continue with our neutrality until now, reminding you that breaching the resistance will push the price to achieve more gains and target 1.0960$ areas initially, while breaking the support represents the key to resume the bearish wave that its next main target reaches 1.0645$.

Expected Trading Range

Between 1.0750$ support and 1.0920$ resistance.