Silver prices (SILVER) slipped lower in their recent intraday trading, after the failure to breach the key resistance at $90.00, which turned into selling pressure that pushed the price to decline, reaching our expected target in our previous analysis at $81.30 support.
This decline comes amid the dominance of the bearish corrective trend on short-term basis, affected by breaking main bullish trend line that increased the intense of the negative pressure, and the dynamic pressure continues due to trading below EMA50, accompanied by the emergence of negative signals from relative strength indicators, preferring the continuation of the intraday weakness unless the price manages to settle above the current support.
Gold prices (GOLD) declined during recent intraday trading, to settle below $5,000 key resistance, amid the failure to regain the psychological barrier. This comes amid the dominance of short-term bearish corrective wave, which limits the chances of quick recovery in the current period.
These negative pressures increased with the trading below EMA50, which represents an extra dynamic resistance, accompanied by the negative signals from relative strength indicators, after reaching overbought levels, reinforcing the likelihoods of the decline continuation or entering negative fluctuating move on the near-term basis.
The (EURUSD) price declined in its last intraday trading, approaching breaking the key support at 1.1800, as a signal for increasing the selling pressure on short-term basis. This decline comes amid the dominance of bearish corrective wave that limits the recovery attempts and press on the current trading.
These pressures increase with the continuation of the trading below EMA50, which represents a dynamic resistance that reinforces the negativity, accompanied by the emergence of negative signals from relative strength indicators, preferring the possibility of breaking the mentioned support if the negative momentum continued in the upcoming trading.
The (BTCUSD) price rose slightly in its last intraday trading, due to the stability of the key support at $74,000, gaining bullish momentum that helped it to achieve these cautious gains, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the main bearish trend on short-term basis, noticing the beginning of negative overlapping signals emergence from relative strength indicators.