Forecast update for Silver - 08-09-2026

Gold price remains under pressure in its latest intraday trading, preparing to break below the current support level of $4,400, amid its trading below EMA50, which represents dynamic resistance that reinforces the stability and dominance of the short-term corrective bearish trend, with its moving along a trend line supporting this bearish path. The relative strength indicators are generating negative signals, suggesting more downside moves in the near upcoming period.

The EURUSD pair declined in its latest intraday trading, affected by the emergence of the negative signals from the relative strength indicators after forming negative divergence, which failed the early attempts of the pair to decline, leaning on EMA50’s support, amid the continuation of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this path.

The CHFJPY resumed its bearish trend due to its stability below 192.30 level, suffering big losses by reaching 189.10, to face a strong historical support level, represented by previous liquidity sweep zones as appeared in the above image.