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Silver price rises calmly – Analysis - 21-05-2020
Silver price provided calm positive trading yesterday in attempt to move away from 17.11, reinforcing the expectations by the bullish trend continuation in the upcoming sessions, which moves within the bullish channel that appears in the image, waiting for achieving our positive targets that begin at 18.45 and extend to 18.93.
The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 17.11 level and holding below it.
The expected trading range for today is between 17.30 support and 17.75 resistance.
The expected trend for today: Bullish
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Gold price is stable – Analysis - 21-05-2020
Gold price didn’t show any strong move yesterday, to stay stable near 1750.00, therefore, there is no change of the bullish trend scenario that gets a continuous support from the EMA50, organized within the bullish channel that appears in the above chart, waiting for resuming the bullish bias that targets 1805.00 level mainly.
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The USDCAD pair provided negative trading to approach from the horizontal support that appears in the image, reinforcing the expectations for the continuation of the bearish trend in the upcoming sessions, and its targets begin at 1.3813.
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