Gold price returned to rise after the decline that it witnessed in the previous sessions, to approach 1850.00 level, waiting for more bullish bias to head towards our next main target that reaches 1900.00. Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1824.50 and the most important above 1815.75.
SILVER UPDATE
Silver price continued to decline to approach the bullish channel's support line, noticing that the EMA50 meets this support to add more strength to it, while stochastic gains the positive momentum clearly. Therefore, these factors encourage us to keep our overall bullish overview, which its next main target located at 25.00, noting that breaking 23.75 will stop the suggested rise and press on the price to start correctional bearish wave.
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