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Silver price forecast update 15-07-2024

Economies.com
2024-07-15 09:32AM UTC

Silver price faces new negative pressure, and continues to fluctuate around the EMA50, waiting to get strong positive motive that assist to push the price to breach 31.00$ and open the way to rally towards 31.50$ followed by 32.00$ levels that represent our next main targets.

 

In general, we will continue to suggest the bullish trend for today unless breaking 30.65$ and holding below it.

 

The expected trading range for today is between 30.60$ support and 31.40$ resistance.

 

Trend forecast: Bullish

Gold price forecast update 15-07-2024

Economies.com
2024-07-15 09:32AM UTC

Gold price shows weak trades since morning, settling above 2400.00$, thus, no change to the expected bullish trend for today, which targets 2450.00$ as a next main station, supported by the EMA50 that carries the price from below, reminding you that it is important to hold above 2392.00$ as a first condition to the continuation of the suggested rise.

 

The expected trading range for today is between 2395.00$ support and 2435.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 15-07-2024

Economies.com
2024-07-15 09:31AM UTC

The GBPUSD price resumes its positive trading now, expecting to breach 1.3000$ to open the way to achieve new positive targets that reach 1.3140$ as a next main station, reminding you that the continuation of the bullish wave depends on the price stability above 1.2890$.

 

The expected trading range for today is between 1.2900$ support and 1.3060$ resistance.

 

Trend forecast: Bullish

The EURUSD price forecast update - 15-07-2024

Economies.com
2024-07-15 09:31AM UTC

The EURUSD price shows new positive trades to reach 1.0915$ level, waiting to breach this level to confirm extending the bullish wave towards 1.1000$.

 

In general, we will continue to suggest the bullish trend that gets continuous support by the EMA50 unless breaking 1.0840$ and holding below it.

 

The expected trading range for today is between 1.0820$ support and 1.0980$ resistance.

 

Trend forecast: Bullish

Read more: What is the future of the Euro?