The price of (silver) rose slightly in its last intraday trading, with the emergence of positive overlapping signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, with the trading alongside main bullish trend line on the short-term basis that supports the bullish scenario.

The price of gold (GOLD) witnessed fluctuated trading on its last intraday levels, amid its attempts to gain bullish momentum that might help it to recover and resume its gains and record new all-time highs on the near-term basis, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line, and the relative strength indicators reached exaggerated oversold levels compared to the price move, which suggest the beginning of forming positive divergence.

The price of (EURUSD) rose in its last intraday trading, due to the stability of the current support level at 1.1665, attempting to recover some of its previous losses, and offloading some of its clear oversold conditions on the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability of the bearish corrective track on the short-term basis, especially with the trading within channel’s range.

The EURGBP confirmed its surrender to the bearish bias dominance by moving away from 0.8735 level, forming several bearish waves, to press on the initial support at 0.8650, forming the previously waited initial target.

The stability of the moving average 55 above the current trading increases the chances of gathering the required extra negative momentum for breaking the current support, to open the way for targeting new bearish stations that might extend towards 0.8630 and 0.8600.

The expected trading range for today is between 0.8600 and 9.8670

Trend forecast: Bearish