The price of (Silver) expanded its gains in its last intraday trading, to breach the key resistance at $38.70, supported by its continuous trading above EMA50, and under the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which makes us witness some correctional rebounds that might retest the support level at $38.70 before rising again.
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The price of (Gold) settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability of the positive track, amid its trading alongside a bullish bias line on the short-term basis, besides the emergence of the positive signals on the (RSI), despite its fluctuation in an overbought levels, all these factors intensifies the bullish momentum and points to expanding the gains on the near-term basis.
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The price of (EURUSD) soars high in its last intraday trading, getting rid of the negative pressure of the EMA50, providing more bullish momentum to open the way towards achieving more gains, especially after breaching its current resistance at 1.1665, amid the dominance of minor bullish wave on the short-term basis, on the other hand, it might limit its gains due to the positive overlapping signals on the (RSI), after reaching overbought levels.
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The EURNZD reached strong resistance at 2.000 level, which forces it to activate the attempts of gathering the gains by targeting 1.9790 level, to resist the negative pressure by its rally to 1.9770.
Note that the stability of the price within the bullish channel’s levels by the attempt of forming extra support at 1.9760 level, these factors help to confirm the continuation of the positivity, to expect the price rally to 1.9960, then attempt to breach the resistance to record new gains in the upcoming period.
The expected trading range for today is between 1.9820 and 1.9960
Trend forecast: Bullish