The price of silver settled with cautious gains during its latest intraday trading, due to the stability of $74.00 support, gaining some positive momentum that helped it to achieve these gains, which targets recovering some of its previous losses, and offloading its oversold conditio9ns on the relative strength indicators, to retest broken main bullish trend line on the short-term basis, amid the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the price.

Gold price settled with limited gains during the latest intraday trading, benefiting from the strength of the key support level at $4,500. providing some positive momentum that helped recover part of its previous losses and ease its oversold conditions on the relative strength indicators.

However, those indicators reached excessively overbought levels compared to the current price movement, increasing the likelihood of gold resuming its losses in the near term. This comes alongside continued negative pressure from trading below the EMA50, while the short-term corrective bearish trend remains dominant.

The EURUSD pair edged higher cautiously during its latest intraday trading, as the pair attempts to recover part of its previous losses and ease its oversold conditions shown by the relative strength indicators. However, those indicators entered overbought territory compared to the pair’s movement, signaling a rapid loss of this positive momentum.

This comes while the short-term corrective bearish trend remains dominant, with continued negative and dynamic pressure caused by trading below the EMA50, reducing the chances of a sustainable recovery for the pair in the near term.

Coffee price surrendered to the negative pressure in its last trading due to the negative momentum that comes from the main indicators, to settle below the support at 276.80 level, announcing its surrender to the negative scenario by reaching 265.40 level.

Note that providing negative close below 255.00 level in the near trading, to confirm its readiness to target new bearish stations that might begin at 233.80, while its failure to settle below this barrier will provide a chance for recovering some losses by its rally towards 280.00 and 294.00 gradually.

The expected trading range for today is between 234.00 and 274.00

Trend forecast: Bearish