Forecast update for silver-15-05-2026

Gold price settles with series of losses in its last trading, reaching $4,550 support, which was an expected target in our last analysis, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on near-term basis, however we notice the emergence of positive crossover on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses due to its neediness to offload some of these oversold conditions.

The EURUSD rose during its latest intraday trading, following the stability of the 1.1630 support level, which was our target in the morning analysis. This support provided the pair with some positive momentum, helping it recovers part of its previous losses. At the same time, the pair is attempting to ease its clearly oversold conditions shown by the relative strength indicators, especially with the beginning of a positive crossover signal.

The pair has formed several bullish waves in recent trading, testing the 261.8% Fibonacci extension level, which acts as an important resistance at 202.20. This has forced the price into a negative pullback, stabilizing around 201.75.