Silver price is maintaining its gains during the latest intraday trading sessions, amid the dominance of the main upward trend in the short term. Positive pressure continues as the price trades above EMA50, which strengthens the bullish trend in the near term.

However, in the background, we notice the beginning of a negative crossover on the relative strength indicators after reaching overbought levels, which may lead to some bearish corrective rebounds or sideways volatility.

Gold price is witnessing volatile trading in its recent intraday movements, attempting to gain positive momentum that could help it resume its recovery and rise again. This comes amid continued positive and dynamic support from trading above EMA50, which reinforces the dominance of the main upward trend in the short term, with price movements aligned alongside a rising trendline.

On the other hand, we notice the beginning of a negative crossover on the relative strength indicators after reaching heavily overbought levels, which may limit the chances of recovery in the near term.

The (EURUSD) continued to slide during its recent intraday trading, breaking a major short-term upward trendline. This decline came alongside the pair falling below EMA50, increasing the negative pressure on the pair and weakening any hopes of a near-term recovery.

This also coincides with the beginning of a negative crossover on the relative strength indicators, after the pair managed to ease part of its oversold conditions, opening the door for further losses.

The GBPCAD ended the bullish corrective rebound by facing 1.8640 resistance, to settle below it, attempting to confirm the previously suggested negativity by reaching 1.8530.

Stochastics’ attempts to provide negative momentum will increase the efficiency of the bearish trend, to expect targeting 1.8465 level initially, to repeat the pressure on the barrier near 1.8405 to find an exit to confirm the continuation of the negativity in the upcoming trading.

The expected trading range for today is between 1.8465 and 1.8570

Trend forecast: Bearish