Silver prices have edged higher in their latest intraday trading, amid continued negative pressure from trading below EMA50, which acts as dynamic resistance and reinforces the dominance and stability of the main short-term bearish trend, particularly as prices move alongside a minor trend line supporting this bearish path.
The price attempts to recover part of the previous losses while easing the clearly oversold conditions reflected by the relative strength indicators, especially with the emergence of an initial positive crossover.
Thanks for your feedback.
Gold price rose in its latest intraday trading, by positive signals emerging from the relative strength indicators after reaching deeply oversold levels. This performance reflects an attempt by prices to unwind some of these oversold conditions while recovering part of their previous losses.
MoreThe EURUSD pair continues to post consecutive losses in its latest intraday trading, after reaching 1.1060 support, which was our expected target in previous analysis. This comes amid continued negative pressure from trading below EMA50, which acts as dynamic resistance and reinforces the dominance and stability of the main short-term bearish trend.
MoreBitcoin deepened its losses in its latest intraday sessions, to break the support level at $72,000, which was a price target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the chances and dominance of the main bearish trend on the short-term basis, besides the emergence of the negative signals from the relative strength indicators.
More