Forecast update for silver -13-05-2025

The price of (Gold) settled on a rise in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, retesting the resistance level at $3,260, amid the dominance of the bearish correctional trend on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50.

The price of (EURUSD) rose in its recent intraday trading, attempting to recover some of its previous losses, and offloading its clear oversold conditions on the (RSI), especially with the emergence of the positive signals from it, despite this rise the price remains stable below the resistance at 1.1150, this level represents 50% Fibonacci correction level for the last bullish wave on the short-term basis (from 1.0730 to 1.1572), which indicates a temporary rise.

The CADJPY took advantage of the positive momentum that came from stochastic, which allows it to breach the resistance of the bearish channel’s resistance at 104.55 level, to begin forming strong bullish waves, achieving clear gains by reaching 106.25.