Silver prices keeps its previous gains despite its fluctuations on intraday levels, reaching EMA5O's resistance, in a clear attempt to get rid of the dynamic pressure that constrained its moves recently, beside its attempt to breach minor bearish trend line on short-term basis, indicating a serios attempts to change the technical outlook and return the bullish momentum.

On the other hand, the price gets clear support from relative strength indicators with the positive overlapping signals, after offloading the previous overbought conditions, opening the way for extending its previous gains, to confirm breaching the moving average and the bearish trend line might open the way for extending the gains in the upcoming period.

Gold prices witnessed fluctuating trading in their recent intraday levels, in attempt to breach the main and psychological resistance at $5,000, which represents key resistance that indicates its importance technically and psychologically, accompanied by its attempts to get rid of the negative pressures on its EMA50, taking advantage of its trading alongside minor trend line on short-term basis supports the current recovery attempts.

Gold gets extra support with the emergence of positive overlapping signals from relative strength indicators, after offloading its previous overbought conditions, reinforcing the chances of regaining the bullish momentum on intraday basis, confirming breaching $5,000 level and holding above it might open the way for recording new gains.

The (EURUSD) price settles on cautious gains in its last intraday trading, as an attempt to recover some of its previous losses, accompanied by its attempt to offload the oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, which pushed the price to retest 1.1755 resistance, to take a breather after the last bearish wave.

The negative pressures remain valid due to the continuation of the trading below EMA50, reinforcing the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, and the current gains remain in limited bearish correction.

Cardano (ADAUSD) price recorded a decline in its latest intraday trading, after being affected by the earlier break of a short-term corrective bullish trendline. With its recent drop, the price has moved below its 50-day SMA, which increases the surrounding negative pressure, especially after the Stochastic indicator managed to ease part of its oversold conditions, giving the price room to record further losses in the near term.

Therefore we expect the cryptocurrency price to decline in its upcoming intraday trading sessions, as long as resistance at $0.2780 remains intact, targeting the first support level at $0.2485.

Today’s price forecast: Bearish