Silver settles with cautious gains during its latest intraday trading after rebounding from the key support level at $57.00, which provided technical support and helped the metal recover part of its recent losses.

the price keeps trading below EMA50, which represents a dynamic resistance that reinforces the stability and dominance of the main bearish trend on the short-term  basis, with the continuation of the trading alongside minor trend line that supports this path. Breaking this support and providing a close below might open the way for recording more losses and targeting lower support levels in the upcoming period.

Gold declined during its latest intraday trading after reaching a main bearish trend line on the short-term basis, accompanied by reaching EMA50’s resistance, forming a double technical resistance that pushed the price to decline under selling pressures.

This performance was accompanied by negative crossover on the relative strength indicators, after reaching overbought levels compared to the price move, indicating a decline in the positive momentum and prefers the continuation of the pressures in the near period, unless price manages to surpass the current resistance levels and regain the bullish momentum.

The EURUSD pair settle on strong gains during its recent intraday sessions, supported by its trading above EMA50, which provides dynamic support base that reinforces the stability and dominance of the bullish corrective trend on the short-term basis.

The pair is moving alongside bullish trend line that supports this path, accompanied by the positive signals’ emergence from the relative strength indicators, indicating the strength of the buying momentum in the near term, if the pair settles above the current technical support levels.

Bitcoin (BTCUSD) declined in its last intraday trading, in attempt to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, to gather its bullish strength that might help it to recover and rise again, amid the dominance of bullish wave on the short-term basis, with its trading alongside supportive trend line, besides a continued positive pressure due to its trading above EMA50, which reinforces the chances of near term recovery.