(SILVER) continued to decline during its latest intraday trading after failing to breach the key resistance level at $60.00, looking for a higher low that could form a support base for regaining positive momentum, while finding support at EMA50, alongside its reliance on a short-term ascending corrective trendline.

The chances of a recovery are increasing as the relative strength indicators enters extremely oversold territory relative to the price movement, supporting the possibility of a technical rebound in the near term, if silver remains stable above its current support levels.

(GOLD) declined during its latest intraday trading after encountering the key resistance level at $4,100, within a corrective move that allowed the price to ease overbought conditions on the relative strength indicators, before finding support at its EMA50, which succeeded in limiting selling pressure.

The technical outlook remains tilted to the upside, with the short-term bullish corrective wave still in control and the price moving along a supportive trendline. This strengthens the chances of regaining positive momentum and attempting to break through the resistance level again in the near term, if gold settles above its current support levels.

The EURUSD price is extending its consecutive losses during its latest intraday trading, with the continuation of the negative pressure from trading below EMA50, which reinforces the dominance of the main short-term bearish trend, accompanied by trading alongside supportive trend line for this path.

Despite the negative technical outlook, the relative strength indicators started to show a positive crossover after reaching deeply oversold levels, helping the pair hold up against selling pressure and may pave the way for sideways movement or a limited technical rebound aimed at easing these oversold conditions before the price direction becomes clearer.

Bitcoin (BTCUSD) declined in its last intraday trading, surpassing EMA50’s support, putting it under negative pressure, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, attempting to look for a higher low to use it as a base that might help it to gain the required bullish momentum that supports surpassing this negative pressure, amid the dominance of the main bullish trend on the short-term basis, with its move alongside trend line.