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Silver price within positive pattern - Analysis - 05-08-2022
Silver price’s recent trades are confined within bullish flag pattern that appears on the chart, thus, breaching 20.35 will activate the positive effect of this pattern and push the price to continue the rise on the intraday and short term basis, paving the way to achieve additional gains that start by visiting 21.00 barrier.
Therefore, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that it is important to hold above 19.60 to achieve the waited targets.
The expected trading range for today is between 19.90 support and 20.80 resistance.
The expected trend for today: Bullish
Gold price approaches the target – Analysis - 05-08-2022
Gold price shows additional positive trades to approach our waited target at 1802.80, organized inside the intraday bullish channel that appears on the chart, which supports the chances of breaching the mentioned level to achieve additional gains that reach 1831.95.
MoreThe USDCAD negotiates the resistance – Analysis - 05-08-2022
The USDCAD pair returns to test the key resistance 1.2870, accompanied by witnessing clear negative signals by stochastic, waiting to motivate the price to resume the bearish wave that targets 1.2790 initially.
MoreThe USDJPY awaits confirmation signal – Analysis - 05-08-2022
The USDJPY pair attempted to break 133.05 support line but it couldn’t manage to hold below it, to show positive attempts supported by stochastic positivity, and it might head to test 134.50 resistance in the upcoming sessions.
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