Forecast update for Silver -30-10-2026

Gold continues to post consecutive losses in its latest intraday trading, breaking below the key support level of $4,000. This confirms the price’s determination to extend its decline in the near term, particularly amid continued negative pressure from trading below EMA50, which acts as dynamic resistance and reinforces the dominance and stability of the main short-term bearish trend, accompanied by negative signals from the relative strength indicators, despite reaching deeply oversold levels.

The EURUSD pair moved higher in its latest intraday trading, following an early attempt to take profits and ease some of its overbought conditions, particularly amid positive signals emerging from the relative strength indicators. However, the positive momentum gained after breaking above a main short-term bearish trend line helped the pair rebound and resume its upward movement, supported by dynamic support provided by trading above EMA50, strengthening the chances of further gains in the near term.

The pair continued to form negative trades since breaking below the 0.7930 level, reaching its main target at 0.7830. At this point, the price is facing an important historical support level and remains stable above it.