Silver keeps its recent gains after recovering part of its previous losses. However, the price remains under pressure while trading below the EMA50, reinforcing the dominant short-term downtrend.
A bearish divergence is also beginning to form on the relative strength indicators after reaching overbought levels, with negative signals emerging and increasing the likelihood of renewed downside pressure.
Gold is fluctuating in recent intraday sessions as a bearish divergence begins to form on the relative strength indicators after reaching heavily overbought levels. Negative signals are emerging, adding pressure to the price.
MoreThe EURUSD pair rose in recent intraday trading, supported by positive signals from the relative strength indicators. However, these indicators remain in heavily overbought territory, suggesting that bullish momentum may weaken soon.
MoreThe CHFJPY suffered strong bearish pressures, which forced it to form several bearish waves, reaching the initial main support at 200.40, to settle above it.
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