The price of (silver) is experiencing fluctuating trading on its last intraday levels, affected by the emergence of the positive signals from relative strength indicators, with the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reduced the chances of full recovery on the short-term basis, affected by breaking bullish corrective trend line on short-term basis.
The price of gold declined in its last intraday trading, with the continuation of the negative pressures due to its trading below EMA50, which represents dynamic resistance that obstructed the recovery attempts in the last period, accompanied by breaking bullish trend line on short-term basis, reinforcing the negative overview, on the other hand, we notice the emergence of some positive signals from relative strength indicators, which limited the last losses and prevented recording deeper downside moves.
The price of EURUSD is experiencing fluctuating trading on its last intraday levels, amid the emergence of the negative signals from relative strength indicators, after reaching overbought levels, with the continuation of the negative pressure due to its trading below EMA50, confirming the dominance of the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this path.
Platinum price ended its last corrective attempts by reaching $2220.00 level, to rebound quickly towards $2180.00, keeping its negative stability below $2245.00 level besides forming %61.8 Fibonacci correction level at $2200.00 level as appears in the above image.
The stability of moving average 55 above the current trading will increase the negative pressure, to reinforce the chances of resuming the negative attack, to expect targeting $2130.00 level reaching $2080.00 level.
The expected trading range for today is between $2080.00 and $2200.00
Trend forecast: Bearish