Silver Price Analysis

• Silver price breached the 26.90$ level clearly and closed the last four hours’ candlestick above it.
• The price is heading towards building a bullish wave targeting the 28.00$ barrier as the first main station.
• Note that breaching 27.40$ will add more confirmation to the continuation of the expected rise.
• Therefore, the bullish bias will be suggested for the rest of the day unless breaking 26.90$ and holding below it again.

Expected Trading Range for Today:

• Support: 26.85$
• Resistance: 27.50$

Trend Forecast:

Bullish

Gold Price Analysis

• Gold price trades positively to test the key resistance at 2325.90$.
• As long as the price is below this level, our bearish overview will remain valid for today.
• This bearish view is supported by stochastic reaching overbought areas and negative pressure from the EMA50.
• Our awaited target is located at 2260.60$.
• Note that breaching 2325.90$ will stop the negative scenario and push the price to build a bullish wave, with initial targets beginning at 2360.00$ areas.

Expected Trading Range for Today:

• Support: 2285.00$
• Resistance: 2325.00$

Trend Forecast:

Bearish

Read more: Will Gold price reach 3000$ areas?

GBPUSD Price Analysis

• The GBPUSD price attempts to breach the 1.2580$ level.
• Waiting to surpass this level to confirm rallying towards 1.2700$, which represents our next main target.
• The EMA50 continues to support the suggested bullish wave.
• Failing to breach 1.2580$ will push the price to rebound bearishly and test 1.2480$ areas before any new attempt to rise.

Expected Trading Range for Today:

• Support: 1.2480$
• Resistance: 1.2640$

Trend Forecast:

EURUSD Price Analysis

• The EURUSD price settles at the intraday bullish channel’s support line.
• No strong move has been observed since morning.
• Thus, there is no change to the expected bullish trend scenario for today.
• The targets begin by breaching 1.0795$ to head towards 1.0875$.
• Stochastic gains positive momentum to reinforce the chances of resuming the suggested rise.
• This trend will remain valid unless breaking 1.0715$ and holding below it.

Expected Trading Range for Today:

• Support: 1.0700$
• Resistance: 1.0850$

Trend Forecast:

Bullish