Crude oil prices rose during their latest intraday trading, approaching the previously anticipated level of $100.00, which was identified as a key target in our earlier analysis.

This upward movement is supported by continued dynamic support from trading above EMA50, enhancing the chances of further gains in the near term. The price is also moving along a short-term ascending trend line, alongside positive signals from the relative strength indicators, which reinforces the strength of bullish momentum.

Silver continues to decline in its recent intraday trading, approaching the $75.00 support level, which had been a key price target in our previous analysis. The likelihood of breaking this level is increasing amid ongoing negative pressure.

This comes alongside continued negative signals from the relative strength indicators, despite reaching deeply oversold levels, reflecting persistent weakness in positive momentum. The price is also facing additional downside pressure from trading below its EMA50, reinforcing the stability and dominance of the main bearish trend in the short term, if it moves along a trend line supporting this path.

Gold settles onto sharp losses in its recent intraday trading after breaking below the $4,900 support level, which represented our initial target in previous analysis. The decline then extended toward testing the $4,800 support, our second price target.

This comes amid the dominance of a short-term minor bearish wave, with the price moving along a supportive trend line for this downward path. Besides negative and dynamic pressure from trading below EMA50, reinforces the bearish trend control. Meanwhile, the relative strength indicators have begun to show a positive crossover after reaching deeply oversold levels, which may temporarily slow the pace of losses and allow for limited corrective movements.

Therefore, we suggest a decline in gold during upcoming intraday trading, if it remains below the $4,900 level, targeting the next support around $4,700.

The expected trading range is between $4,700 support and $5,000 resistance.

Today’s forecast: bearish

The EURUSD pair declined during its latest intraday trading, as negative pressure continues due to trading below EMA50, which reduces the chances of a short-term recovery.

The pair is also moving along a short-term minor bearish trend line, reflecting continued dominance of the negative trend. This coincides with ongoing negative signals from the relative strength indicators, despite it reaching deeply oversold levels, which may limit any positive rebound attempts for now.