Forecast update for Silver -12-11-2026

Gold continued to decline in its recent intraday trading, weighed down by an earlier break below a short-term corrective uptrend line. The price is also facing negative pressure from trading below EMA50, which acts as dynamic resistance, intensifying negative pressure and increasing the likelihood of further losses in the near term. However, a positive crossover is beginning to emerge in the relative strength indicators after reaching deeply oversold levels, which may slow the pace of this decline.

The EURUSD pair surged higher in its recent intraday trading, as positive signals began to emerge from the relative strength indicators after reaching deeply oversold levels. This has allowed the pair to recover some of its previous losses while attempting to unwind these oversold conditions. However, the short-term main bearish trend remains dominant, with continued negative pressure stemming from trading below EMA50, reducing the chances of a full recovery in the near term.

The pair maintained its stability below the resistance barrier at 1.9570, forcing it to form several bearish waves and settle near 1.9400, as appears in the attached chart.