Silver Price Analysis

Expected Scenario

• Silver price returns to test the key support at 28.00$.
• The EMA50 attempts to protect the expected positive scenario for today.
• Waiting to resume the bullish wave that its next main target reaches 29.80$.
• Reminding you that breaching 28.95$ will ease the mission to achieve the suggested target, while holding above 28.00$ represents a major condition for the continuation of the expected rise.

Expected Trading Range

Between 28.25$ support and 29.20$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price faces temporary negative pressure after testing the bullish channel’s resistance line.
• It fluctuates around the 2385.00$ level now, while the EMA50 continues to provide positive support to the price.
• This keeps the chances valid to continue the main bullish trend, with targets beginning by breaching 2431.45$ to confirm rallying towards 2510.00$.
• On the other hand, breaking 2375.00$ will put the price under negative pressure to head towards testing 2325.90$ before any attempt to resume the bullish track again.

Expected Trading Range

Between 2375.00$ support and 2425.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price trades with clear positivity to approach testing the 1.2480$ level.
• As long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50.
• Breaking 1.2385$ is required to confirm extending the correctional bearish wave towards 1.2265$ as the next negative station.

Expected Trading Range

Between 1.2300$ support and 1.2480$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price finds solid support at the 1.0615$ level, showing some bullish bias now, affected by stochastic positivity.
• It might head to test the key resistance at 1.0715$ before declining again.

Outcome Description

Until now, the bearish trend scenario still active as long as the mentioned resistance remains intact, supported by the EMA50.

Breaking 1.0615$ is required to open the way to head towards our first awaited target at 1.0520$.

Expected Trading Range

Between 1.0520$ support and 1.0690$ resistance.