Silver Price Analysis

Expected Scenario

• Silver price crawls downwards to move away from 32.00$ barrier, noticing that stochastic overlaps negatively to motivate the price to decline in the upcoming sessions, to keep the bearish trend valid and active for today, reminding you that our waited target is located at 31.00$.
• The continuation of the bearish wave depends on the price stability below 32.15$ and the most important below 32.50$, as breaching these levels will stop the bearish correction and push the price to resume the main bullish trend again.

Expected Trading Range

Between 31.20$ support and 32.20$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price shows slight bearish bias in attempt to resume the expected bearish trend for today, waiting to test 2390.0$ initially, which breaking it represents the key to confirm rallying towards 2340.10$ as a next negative target.
• Therefore, we will continue to suggest the bearish trend for today unless the price rallied to breach 2431.44$ followed by 2450.00$ levels and hold above them.

Expected Trading Range

Between 2395.00$ support and 2430.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price resumes its positive trading clearly to move away from 1.270$ level, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our waited target is located at 1.2800$.
• The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.2700$ and holding below it.

Expected Trading Range

Between 1.2650$ support and 1.2800$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price shows additional bearish bias to reach the bullish channel’s support line at 1.0845$, and the price needs to break this level to confirm the continuation of the decline and visit 1.0795$ that represents our main expected target, to keep the bearish trend scenario active for today, noting that breaking the targeted level will push the price towards 1.0714$ as a next negative station, while holding below 1.0876$ represents key condition to achieve the suggested targets.

Expected Trading Range

Between 1.0770$ support and 1.0910$ resistance.