The price of (Silver) declined in its last intraday trading, ending the opportunities for the recovery, confirming breaking a minor bullish trend line on the short-term basis, amid its affection by the negative pressure of its trading below EMA50, the emergence of the positive signals on the (RSI) reinforces the dominance of the negative scenario, after reaching oversold levels, to attempt to offload some of the oversold conditions.
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The price of (Gold) declined in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking minor bullish bias line on the short-term basis, intensifying the negative pressure around the price, despite the emergence of the positive signals on the (RSI), after reaching oversold levels, attempting to offload some of its oversold conditions, which represents strong signal for the dominance of the negative momentum on the price.
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The price of (EURUSD) extended its gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and its moves within minor bullish channel’s range that limits its trading on the intraday levels, besides the emergence of the positive signals on the (RSI), intensifying the positive pressures around the price.
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Coffee price formed several bullish waves, reaching the initial main target at 325.00, forming a key obstacle against the attempts of resuming the bullish attack.
Note that by forming extra support at 310.00 level and stochastic attempt to provide positive momentum currently, these factors make us wait for breaching the current barrier to breach the current barrier, to open the way for recording new gains that might extend to 339.20 and 350.50.
The expected trading range for today is between 320.00 and 339.20
Trend forecast: Bullish