Forecast update for silver-18-06-2026

Gold prices slipped lower during recent intraday trading, erasing all the gains achieved earlier in the day. The metal had initially gained positive momentum after finding support at the EMA50, but this bullish momentum appears to have faded quickly, allowing negative pressure to return to the forefront. This comes amid negative signals from the relative strength indicators and under the dominance of the main short-term bearish trend.

The EURUSD pair extended its losses during recent intraday trading, breaking below the key support level of 1.1500. The pair remains under the control of a short-term bearish trend, with additional negative pressure coming from trading below EMA50, which continues to reinforce the downside bias. Negative signals from the relative strength indicators also support the bearish outlook, despite the indicators reaching deeply oversold levels.

The EURGBP pair ended yesterday’s trading by breaking above the resistance of the descending minor channel at 0.8640, attempting to confirm its transition into a bullish path. The pair recorded some gains, reaching the 0.8660 level.