Silver Price Analysis

Expected Scenario

• Silver price keeps its stability below 29.30$ level, to keep the bearish trend scenario valid for today, motivated by stochastic negativity, waiting to head towards 28.55$ that represents the next correctional level, reminding you that the continuation of the bearish wave requires holding below 29.30$ and the most important below 30.06$.

Expected Trading Range

Between 28.60$ support and 29.50$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price crawls downwards, and stochastic continues to provide the negative signals, to keep the bearish trend scenario valid and active for today, supported by moving below the EMA50, reminding you that our next main target is located at 2272.06$, while achieving it requires holding below 2340.10$.

Expected Trading Range

Between 2300.00$ support and 2335.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price settles below 1.2700$ level, waiting to get negative motive that assists to push the price to resume the expected bearish trend for today, which its next target located at 1.2580$, to keep the negative scenario valid in the upcoming sessions unless breaching 1.2700$ and holding with a daily close above it.

Expected Trading Range

Between 1.2600$ support and 1.2750$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price shows more bullish bias to approach testing the initial resistance 1.0720$, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish wave for today, which its targets begin by breaking 1.0675$ to open the way to head towards 1.0600$, reminding you that the continuation of the bearish trend depends on the price stability below 1.0795$.

Expected Trading Range

Between 1.0630$ support and 1.0760$ resistance.