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

Silver price forecast update 21-10-2024

Economies.com
2024-10-21 09:00AM UTC

Silver price attempts to surpass 34.00$ barrier, to support the continuation of the expected bullish trend on the intraday and short-term basis, which targets 34.55$ as a next station.

 

Stochastic current negativity might slow down the bullish wave and cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid unless breaking 33.30$ and holding below it.

 

The expected trading range for today is between 33.70$ support and 34.55$ resistance.

 

Trend forecast: Bullish

Gold price forecast update 21-10-2024

Economies.com
2024-10-21 09:00AM UTC

Gold price provides more positive trades, reinforcing the expectations of continuing the domination of the bullish trend for the rest of the day, waiting to test 2745.00$ level as a next target, reminding you that the next station reaches 2765.00$ after surpassing the previous level.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 2700.00$ and holding below it.

 

The expected trading range for today is between 2715.00$ support and 2750.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 21-10-2024

Economies.com
2024-10-21 09:00AM UTC

The GBPUSD price trades negatively to approach 1.3000$ level, waiting to break this level to reinforce the expectations of continuing the domination of the correctional bearish trend, which its next target reaches 1.2866$.

 

Therefore, the bearish trend will remain valid and active unless breaching 1.3060$ and holding above it.

 

The expected trading range for today is between 1.2970$ support and 1.3110$ resistance

 

Trend forecast: Bearish

The EURUSD price forecast update - 21-10-2024

Economies.com
2024-10-21 09:00AM UTC

The EURUSD price shows bearish bias now to move away from 1.0880$ level, motivated by stochastic negativity, which supports the expectations of continuing the bearish trend for the rest of the day, and the way is open to achieve our waited target at 1.0780$, reminding you that it is important to hold below 1.0880$ to continue the expected decline.

 

The expected trading range for today is between 1.0785$ support and 1.0930$ resistance

 

Trend forecast: Bearish