Forecast update for Silver -29-10-2026

Gold prices declined in their latest intraday trading, amid negative signals from the relative strength indicators and the dominance of the main short-term bearish trend. Prices are moving along a trend line that supports this bearish trajectory. In addition, continued negative pressure from trading below EMA50 increases the likelihood of further losses in the near term.

The EURUSD pair fluctuated in its latest intraday trading, amid continued negative pressure from trading below EMA50. This reinforces the dominance and stability of the main short-term bearish trend. Meanwhile, the relative strength indicators are beginning to form a negative divergence after reaching excessively overbought levels relative to the pair’s price action. The indicators have also started generating negative signals, adding to the downward pressure on the pair.

The CADCHF provided positive signals by the attempt of holding above 0.5905, benefiting from the positive momentum that comes from the main indicators, specifically by stochastic stability within the overbought level as appears in the above image.