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Silver price negotiates the support - Analysis - 11-09-2023
Silver price hovers around 23.00 level and attempts to consolidate above it, while stochastic gathers the positive momentum gradually, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next main target located at 23.70.
Breaching 23.20 will ease the mission of achieving the suggested rise, while breaking 23.00 and holding below it will put the price under negative pressure that targets visiting 22.25 areas initially.
The expected trading range for today is between 22.80 support and 23.50 resistance.
The expected trend for today: Bullish
Gold price faces solid resistance – Analysis - 11-09-2023
Gold price bounced downwards clearly after finding solid resistance at 1929.00, noticing that the price begins to rise by today’s open, to head towards resuming the positive attempts, waiting to breach the mentioned resistance to confirm opening the way to head towards 1945.20 as a next main target.
MoreThe USDCAD fails to confirm the breach – Analysis - 11-09-2023
The USDCAD pair couldn’t manage to hold for long time above 1.3680, to rebound bearishly and head towards visiting the bullish channel’s support line around 1.3580 initially, noting that breaking this level will extend the bearish wave to reach 1.3500 areas on the near-term basis.
MoreThe USDJPY presses on the support – Analysis - 11-09-2023
The USDJPY pair approached 148.00 barrier on last Friday, but it begins today with clear decline to start pressing on the key support 146.55, to head towards achieving expected decline in the upcoming sessions, motivated by stochastic negativity that appears clearly now, to head towards starting bearish correction that targets testing 145.55 initially.
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