Silver extended its gains during its latest intraday trading, supported by continued positive signals from the relative strength indicators. The price successfully broke above the resistance of its EMA50, marking an important technical move that strengthened buying momentum and weakened the previous selling pressure.
This breakout gives silver a greater opportunity to continue rising in the near term, particularly if the price maintains its stability above the moving average, paving the way for a move toward higher resistance levels as the technical outlook continues to improve.
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Gold fluctuated in its last intraday trading, attempting to build the necessary momentum to breach the stubborn resistance level at $4,100. This comes as the price continues to trade above its EMA50, which continues to act as dynamic support and strengthens the chances of the bullish corrective trend continuing.
MoreThe EURUSD pair declined slightly during its latest intraday trading, as part of normal profit-taking following the previous upward wave, amid the pair’s attempts to ease overbought conditions on the relative strength indicators, which has begun to show a bearish crossover that could limit the strength of the current short-term gains.
More(BTCUSD) rose in its last intraday trading, taking advantage of the positive signals’ emergence from the relative strength indicators, after offloading its overbought conditions, providing the ability to achieve the gains to surpass EMA50’s resistance, surpassing its negative pressure, to attack the top level of a bearish corrective channel that limited the trading in the short-term basis.
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