Silver rose during the latest intraday trading amid its attempts to recover some of its previous losses, supported by the emergence of the positive signals from the relative strength indicators, however the price remains under negative pressure du to its trading below EMA50, which represented dynamic resistance that reduces the chances of full recovery in the upcoming near period, with the dominance of the main bearish trend on the short-term basis.

Gold extended its gains in its latest intraday trading, supported by the positive signals from the relative strength indicators, with the indicators reaching exaggerated overbought levels compared to the price move, as a clear signal for losing bullish momentum quickly, especially with the continuation of the negative pressure due to its trading below EMA50, with the dominance of the short-term main bearish trend, and its trading alongside supportive trend line.

The EURUSD pair settles lower in its latest intraday trading , with the emergence of the negative signals from the relative strength indicators, after forming negative divergence after reaching overbought levels, exaggeratedly compared to the price move, which intensified the negative pressure, especially with the continuation of the negative pressure due to its trading below EMA50, with the dominance of the main bearish trend on the short-term basis.

Coffee price formed some corrective bullish movements, returning to retest the broken support level, which is currently acting as a strong resistance barrier at 276.00. The price is stabilizing below this level, confirming its continued commitment to the previously suggested bearish path.

The price currently needs fresh negative momentum to facilitate its decline below the 256.10 level soon. Afterwards, it may begin targeting new bearish stations, starting from 233.80 and extending toward the next support level located near 220.00.

The expected trading range for today is between 233.80 and 271.00

Trend forecast: Bearish