The price of (Silver) rose in its last intraday trading, after its early decline that targets gathering its previous rises, and offloading its clear overbought conditions on the (RSI), attempting to recover and begin a new bullish wave, amid the dominance of the main bullish trend and its trading alongside supportive minor bias for this track, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the positive momentum.
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The price of (Gold) rose in its last intraday trading, preparing to attack the main resistance level at $3,500, after the price success in gathering the gains of its previous rises, and offloading its overbought conditions on the (RSI), opening the way for achieving more of the gains, amid the dominance of the main bullish trend and its trading alongside minor and main bias line that indicates the strength of this track.
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The price of (EURUSD) slipped lower in its last intraday trading, surpassing the support of the EMA50, putting it under negative pressure especially with the emergence of the negative signals on the (RSI), despite reaching oversold levels, indicating a quick decline for the bearish momentum, this decline will cancel the chances for recovery.
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The coffee price ended its last bullish rally by surpassing the barrier at 370.60, confirming its move to a new positive station by recording 390.30 level, which forces it to form some sideways trading due to stochastic exit from the overbought level as appears in the above image.
Therefore, we will keep waiting for the positive momentum, which allows it to settle above 370.00 level, then begin targeting extra positive stations by reaching 400.55 and 411.20.
The expected trading range for today is between 375.00 and 400.00
Trend forecast: Bullish