Silver price fluctuates within sideways track since morning, waiting to get positive motive that assist to push the price to resume the positive trades and achieve our main expected target at 24.60.
In general, we will continue to suggest the bullish trend for today as long as 23.70 level, reminding you that breaching the targeted level will extend the bullish wave to reach 25.00 followed by 25.50 as next positive stations.
The expected trading range for today is between 23.80 support and 24.60 resistance.
Trend forecast: Bullish
Gold price shows more bullish bias to approach our waited target at 2165.00, and we suggest the continuation of the positive trades and achieve more gains in the upcoming period, reminding you that our next main target reaches 2200.00.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 2144.60 to guarantee not starting bearish correction on the intraday basis.
The expected trading range for today is between 2135.00 support and 2170.00 resistance.
Trend forecast: Bullish
The GBPUSD pair fluctuates within tight range since morning, settling around 1.2740 level, thus, no change to the expected bullish trend for today, which moves organized inside the bullish channel that appears on the chart, waiting to visit 1.2827 as a next main target, reminding you that it is important to hold above 1.2650 to continue the expected rise.
The expected trading range for today is between 1.2660 support and 1.2820 resistance.
Trend forecast: Bullish
The EURUSD pair shows some slight bearish bias, affected by stochastic negativity, and it might retest the breached neckline of the inverted head and shoulders’ pattern at 1.0860 before turning back to rise again.
Until now, the bullish trend scenario still valid for today as long as the price is above the mentioned level, supported by stochastic positivity, reminding you that we are waiting to target 1.0960 followed by 1.1080 levels as next main stations.
The expected trading range for today is between 1.0840 support and 1.0990 resistance.
Trend forecast: Bullish