Forecast update for silver-30-07-2026

Gold prices rose in their latest intraday trading, approaching from recovering all of its early losses for today, which came as the price attempted to offload the overbought conditions on the relative strength indicators, which provided dynamic base that reinforces the chances of extending these gains on the near-term basis, especially when breaching the near resistance, amid the dominance of bullish corrective wave on the short-term basis.

The EURUSD pair rose in its last intraday trading, affected by breaching bearish trend line on the short-term basis, benefiting from the positive support that comes from its trading above EMA50, reinforcing the chances of extending the gains in the near upcoming period, with the emergence of positive signals from the relative strength indicators, noticing that they entered overbought levels, which might decelerate the upside moves.

The AUDCAD faced strong bearish pressures due to the continuation of forming strong barrier at 0.9890 level against the bullish attempts besides stochastic decline below 50 level, pushing it to form bearish corrective waves, to test the support at 0.9740.