Silver is rising to confirm breaching the key resistance at $74.00, supported by its trading above EMA50, providing supportive base for the stability and dominance of bullish corrective wave on short-term basis, with its trading alongside trendline, after offloading its overbought conditions on the relative strength indicators, opening the way for expanding these gains on the near-term basis.

Gold rose during recent intraday trading, reaching $4,700 key resistance, which represented potential target in our previous analysis, taking advantage of bullish corrective wave dominance on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive pressure due to its trading above EMA50, this rise came despite the emergence of positive signals from the relative strength indicators, after reaching overbought levels, as a clear positive signals for its bullish momentum.

The EURUSD pair kept rising during its recent intraday trading, supported by its trading above EMA50, providing dynamic support that helped it to breach minor bearish trend line on the short-term basis, gaining positive momentum that led it to expand its gains, despite the emergence of the negative signals from the relative strength, after reaching overbought levels, indicating strong dominance for the positive action.

Coffee price failed in its last trading by breaching 316.40 level, forcing it to form bearish corrective waves, to settle before 297.00.

Despite the contradiction between the main indicators, the main stability above the main support at 276.00 supports the continuation of the positive trading in the upcoming period, therefore, we will keep waiting for gathering positive momentum to ease its rally towards 307.80, then repeating the attempts of pressing on the previously mentioned barrier to find an exit for recording extra gains in the upcoming period.

The expected trading range for today is between 290.00 and 307.80

Trend forecast: Bullish