Forecast update for Silver -15-05-2025

The price of (Gold) rose in its recent intraday trading, after surpassing our morning expected target at $3,150 support, bouncing to the upside suddenly, attempting to offload some of its oversold conditions on the (RSI), with the emergence of the positive signals from there, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a sharp bearish bias line.

The price of (EURUSD) rose in its recent intraday trading, with the beginning of the positive signals on the (RSI), after reaching oversold levels, attempting to offload some of these oversold conditions, trading within a bearish correctional channel on a short-term basis, with the continuation of the negative pressure due to its trading below its EMA50.

The GBPAUD remains affected by the contradiction between the main indicators, which forces it to form mixed sideways trading in the last period, but its repeated stability above 23.6% Fibonacci correction level, which forms an important support at 2.0510 that supports activating the suggested bullish track.