The price of (silver) rose in its last intraday trading, supported by the emergence of positive signals on the relative strength indicators, surpassing the key resistance at $52.50, to confirm breaching it amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive minor trend line for the track.
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The price of (gold) rose in its last intraday levels, reaching the main resistance at $4,200 for the first time in its history, this resistance represents our expected target in our previous analysis, amid the dominance of the main bullish trend on the short-term basis, which suggest forming negative divergence, which might push the price temporarily, forming potential bearish correctional rebounds if the resistance remains intact.
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The price of (EURUSD) declined in its last intraday trading, due to the stability of the critical resistance at 1.1630, reaching the resistance of its EMA50 intensifies the strength of this resistance, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trendline.
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Coffee price took advantage of the support level stability at 371.00, to begin activating with the main indicators, forming strong bullish rally to surpass the initial resistance at 390.25, achieving new gains by its stability near 400.00.
The continuation of the positive pressure makes us prefer more of the bullish attempts, to wait for reaching 414.25 level, then attempts to press on the recently achieved top at 424.00.
The expected trading range for today is between 382.00 and 414.25
Trend forecast: Bullish