Silver Price Analysis

Expected Scenario

• Silver price continues to rise to achieve our first waited target at 28.90$, and we believe that the way is open to continue the rise and achieve additional gains that reach 29.80$, to continue suggesting the bullish trend on the intraday and short-term basis, noting that the price needs to build support base above 28.70$ to guarantee the continuation of the bullish wave, as breaking this level might push the price to test the most important support at 28.00$ before any new attempt to rise.

Expected Trading Range

Between 28.50$ support and 29.20$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price shows clear positive trades now to approach the key resistance 2380.00$, and as we mentioned this morning, the price needs to breach this level to reinforce the positive overview and open the way to achieve our waited targets that start at 2400.00$ and extend to 2431.44$.
• Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, reminding you that it is important to hold above 2325.90$ to achieve the waited targets.

Expected Trading Range

Between 2340.00$ support and 2380.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price continues to rise to approach the neckline of the double bottom pattern that appears on the chart, waiting to surpass this barrier to activate the positive effect of the mentioned pattern followed by rallying to achieve the expected targets that start at 1.2700$ and extend to 1.2800$.
• The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2580$.

Expected Trading Range

Between 1.2510$ support and 1.2680$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price shows more bullish bias and attempt to return to the bullish channel that appears on the chart, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to visit 1.0875$ as a first station, reminding you that surpassing this level will extend the bullish wave to reach 1.0975$.
• In general, the positive scenario will remain valid and active for today unless breaking 1.0795$ and holding below it.

Expected Trading Range

Between 1.0750$ support and 1.0910$ resistance.