“Silver Price Eyes Negative Target – Forecast For 20-12-2024”

Silver prices dropped after testing $29.63, continuing a bearish trend. The next target is $28.40, and if this level breaks, the price could reach $27.50 and $26.40. Holding below $29.63 is crucial for the downtrend to continue. A breakout above this level could start a recovery with a target of $30.63.

Gold Price Outlook

Gold remains below $2600, with a bearish outlook targeting $2555. The EMA50 continues to apply downward pressure. If the price breaks $2660, the trend may shift to bullish, with $2700 as the next target.

USDCAD Forecast

USDCAD has resumed its bullish trend after testing support at $1.4370. The next targets are $1.4500 and $1.4530. Breaking $1.4370 would reverse the trend to bearish.

USDJPY Forecast

USDJPY surged above $156.74, heading towards $158.00, with the next target at $159.00. Holding above $156.74 is key to continuing the bullish trend.

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