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Silver price surpasses the resistance - Analysis - 20-10-2023

Economies.com
2023-10-20 11:01AM UTC

Silver price resumes its positive trading to move away from 23.00 level, which supports the continuation of the positive scenario in the upcoming sessions, reminding you that our next target is located at 23.70, supported by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 23.00.

 

The expected trading range for today is between 22.80 support and 23.50 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 20-10-2023

Economies.com
2023-10-20 11:01AM UTC

Gold price shows new positive trades to move away from 1977.25 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our new targets that start at 2000.00 and extend to 2016.90.

 

Holding above 1977.25 is important to continue the expected rise, as breaking it will put the price under negative pressure and it might head to test 1945.20 areas before any new attempt to rise.

 

The expected trading range for today is between 1965.00 support and 2000.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 20-10-2023

Economies.com
2023-10-20 11:01AM UTC

The GBPUSD pair broke 1.2130 again and attempts to hold below it, to support the continuation of the expected bearish trend for the upcoming period, which targets 1.2037 followed by 1.1920 levels as next main stations.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 1.2205 and holding above it.

 

The expected trading range for today is between 1.2040 support and 1.2200 resistance.

 

The expected trend for today: Bearish

Midday update for the EURUSD 20-10-2023

Economies.com
2023-10-20 11:01AM UTC

The EURUSD pair shows sideways trades since morning, and still stuck between the trend keys represented by 1.0550 support and 1.0640 resistance, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

 

To review the expected targets after the breach, please check our morning report.

 

The expected trading range for today is between 1.0480 support and 1.0665 resistance.

 

The expected trend for today: Neutral

Frequently asked questions

What is the price of Silver today?

The price of Silver is $37.256 (2025-07-31 05:05AM UTC)