The price of (Silver) resumes the rise in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability of the bullish track, especially with the emergence of the positive signals on the (RSI), after its success in offloading some of its overbought conditions, which allowed it to achieve these strong gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias for this trend.
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The price of (Gold) witnessed fluctuated trading on its last intraday trading, amid its attempts to gain positive momentum to help to recover and begin a strong bullish wave, amid the continuation of the positive pressure from its trading above EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI), which decelerate the stability of the price, especially with the stability of the stubborn resistance level at $3,375.
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The price of (EURUSD) declined in its last intraday trading, affected by the stability of the current resistance at 1.1670, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, gathering its positive strength that might assist it to breach this resistance, amid the dominance of minor strong bullish wave on the short-term basis.
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The EURCHF repeated providing positive closes above the support base at 0.9230 level, which allows it to form some bullish waves, recovering some of its losses by its stability near 0.9395.
Note that the price success to lean above the moving average 55 and stochastic rally to the overbought level, increasing the chances for gathering the extra positive momentum, which makes us prefer targeting new positive stations that might begin at 0.9445 and 0.9505.
The expected trading range for today is between 0.9365 and 0.9445
Trend forecast: Bullish