Silver price

Expected Scenario

• Silver price continues to fluctuate near 28.00$ level, noticing that stochastic approaches to overlap positively, waiting to motivate the price to resume the positive trades that target 28.90$ followed by 29.80$ as next main stations.
• Therefore, the bullish trend will remain valid and active conditioned by the price stability above 28.00$.

Expected Trading Range

Between 27.90$ support and 28.60$ resistance.

Gold price

Expected Scenario

• Gold price faces negative pressure now to head towards potential test to the key support 2325.90$, accompanied by stochastic reach to the oversold areas, waiting to resume the expected bullish wave for today, which gets good support by the EMA50, reminding you that our next target is located at 2400.00$.
• On the other hand, we remind you that breaking 2325.90$ will stop the expected rise and force the price to achieve additional bearish correction that its next target reaches 2260.60$.

Expected Trading Range

Between 2335.00$ support and 2370.00$ resistance.

GBPUSD

Expected Scenario

• The GBPUSD price shows sideways trades since morning, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.2580$, reminding you that we are waiting to target 1.2480$ followed by 1.2385$ as next main stations.

Expected Trading Range

Between 1.2440$ support and 1.2600$ resistance.

EURUSD

Expected Scenario

• The EURUSD price trades positively now to approach testing the key resistance 1.0795$, affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, as breaching it will push the price to achieve additional gains that reach 1.0875$, while the expected targets of the bearish wave start at 1.0715$ and extend to 1.0615$ after breaking the previous level.

Expected Trading Range

Between 1.0690$ support and 1.0840$ resistance.