Forecast update for silver-04-08-2026

Gold price declined in recent intraday trading, affected by reaching the resistance of EMA50, amid the dominance of the main bearish trend on the short-term basis, noticing the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, increasing the pressure on the price and suggest more downside moves in the near upcoming period.

The EURUSD pair continued its attempts to gain bullish momentum in fluctuated trading on its last intraday levels, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the chances of a near term recovery, especially with the beginning of forming positive divergence of the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from them.

Ethereum (ETHUSD) has experienced volatile trading in its latest intraday movements, benefiting from positive signals emerging from the relative strength indicators, which provided the price with some positive momentum and helped it withstand the surrounding negative pressures.