The price of (silver) settles on gains in its last intraday trading, after reaching the previously expected resistance in our previous analysis at $110.00, to attempt to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to breaching its current resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis.

Therefore, our expectations suggest a rise in silver price’s upcoming intraday trading, conditioned by breaching $110.00 resistance to target its next resistance at $115.00.

Expected trading range for today: Between the support at $103.00 and resistance at $115.00.

Today’s forecast: Bullish

The price of gold kept its early gains in its last intraday trading, taking a breather to gather the gains of its previous rises, attempting to offload some of its overbought conditions on relative strength indicators, to gather its bullish momentum that might help it to resume its gains and record new all-time highs, especially with the emergence of negative overlapping signals, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this trend.

Therefore, our expectations suggest a rise in gold price in its upcoming intraday trading, especially if it settles above $5,000, targeting the next resistance at $5,200.

Expected trading range for today: Between the support at $5,000 and resistance at $5,200.

Today’s forecast: Bullish

The price of EURUSD declined in its last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the continuation of positive support due to its trading above EMA50, under the dominance of the main bullish trend on short-term basis, with its trading alongside steep minor trend line that shows the dominance of this track.

The EURGBP confirmed the continuation of the previously suggested bearish scenario by providing bearish closes below 0.8775 level, providing new bearish waves and targeting 0.8658 level in Friday’s trading.

The current bullish rebound will not affect the main bearish scenario, depending on providing bearish momentum by the main indicators, which makes us prefer more bearish attempts to reinforce the chances of breaking the support at 0.8445 then targeting new bearish stations by reaching 0.8630 and 0.8600.

The expected trading range for today is between 0.8630 and 0.8695

Trend forecast: Bearish