Silver prices (SILVER) rose in their recent intraday trading, to retest previously broken main bullish trend line, in attempt to confirm this break before detecting the next trend, this bullish track comes despite the continuation of the negative pressure due to its trading below EMA50, which still represents dynamic resistance that limits the strength of the current rebound.

Noticing a clear negative divergence of relative strength indicators after reaching exaggerated overbought levels compared to the price move, accompanied by the emergence of negative signals, which reinforces the likelihoods of the intraday rebound failure and a return to the selling pressures, unless the price manages to trade above the broken trend line.

Gold prices (GOLD) kept rising during recent intraday trading, to settle above the key psychological resistance at$5,000, as a signal for the continuation of the positive attempts to recover some previous losses, however it reached EMA50’s resistance, which represents an obstacle against extending gains in near term.

This comes amid the dominance of bearish corrective wave on short-term basis, accompanied by the emergence of negative signals from relative strength indicators, after reaching overbought levels, to prefer to begin a fluctuated trading or a limited decline in the upcoming period.

The (EURUSD) price rose in its last intraday trading, leaning on 1.1800 key support, gaining bullish momentum, supported by the positive signals from relative strength indicators, indicating an attempt to take a breather and recover some of its previous losses.

This rise still lacks sufficient strength, amid ongoing negative pressure, due to trading below EMA50, which forms a dynamic resistance that limits the chances of sustainable recovery, accompanied by the dominance of steep bearish corrective wave on the short-term basis, keeping the cautious scenario valid over the near term.

The (BTCUSD) price rose cautiously in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this path, besides the emergence of the negative signals from relative strength indicators after reaching overbought levels.