Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Silver price forecast update 16-09-2024

Economies.com
2024-09-16 09:09AM UTC

Silver price faces solid resistance at 31.00$, waiting to get positive motive that assist to push the price to breach this level and open the way to rally towards 31.70$ that represents our next main target, to continue suggesting the bullish trend for today, reminding you that failing to achieve the required breach will put the price under negative pressure that targets visiting 30.06$ areas initially.

 

The expected trading range for today is between 30.60$ support and 31.50$ resistance.

 

Trend forecast: Bullish

Gold price forecast update 16-09-2024

Economies.com
2024-09-16 09:09AM UTC

Gold price fluctuates near 2590.00$ level, waiting for more rise to test 2600.00$ level that represents our next target, reminding you that breaching it will extend the bullish wave to reach 2622.00$ as a next positive station, to continue suggesting the bullish trend for today unless breaking 2564.50$ and holding below it.

 

The expected trading range for today is between 2570.00$ support and 2610.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 16-09-2024

Economies.com
2024-09-16 09:09AM UTC

The GBPUSD price resumes its positive trading clearly to approach 1.3200$ barrier, to support the expected bullish trend for today, which targets 1.3220$ followed by 1.3265$ levels mainly, noting that the EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.3124$ and holding below it.

 

The expected trading range for today is between 1.3080$ support and 1.3230$ resistance.

 

Trend forecast: Bullish

The EURUSD price forecast update - 16-09-2024

Economies.com
2024-09-16 09:09AM UTC

The EURUSD price breached 1.1100$ level clearly and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, opening the way to head towards 1.1200$ that represents our next positive station.

 

Stochastic overlaps positively to support the continuation of the expected bullish trend, noting that holding above 1.1100$ represents initial condition to continue the rise in the upcoming sessions.

 

The expected trading range for today is between 1.1020$ support and 1.1170$ resistance.

 

Trend forecast: Bullish