The price of (silver) witnessed strong gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, surpassing $52.00 resistance, which represents our expected target in our previous analysis, amid the dominance of the main bullish trend and its trading alongside supported minor trendline on the short-term basis for this trend.
The price of (Gold) extended its gains in its last intraday trading, surpassing the resistance of EMA50, holding above $4,100 resistance, supported by its trading alongside minor bullish trend on the short-term basis, with the emergence of the positive signals on the relative strength indicators, reaching overbought levels which might reduce the upcoming gains.
The price of (EURUSD) declined in its last intraday trading, breaking the key support of 1.1580, affected by the negative pressure that comes from its trading below EMA50, affected by its exit from bullish corrective channel’s range on a short-term basis, besides the emergence of the negative signals on the relative strength indicators.
The (ETHUSD) price declined in its last trading on the intraday levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and dominance of the main bearish trend on the short-term basis, especially with its trading alongside supportive trendline for this trend, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, indicating the beginning of forming negative divergence.