Silver prices (SILVER) declined in their recent intraday trading, in a corrective move that comes despite the continuation of dynamic support represented by trading above EMA50. This support reinforces the stability and dominance of the main short-term bullish trend, especially as price movements continue alongside major and minor bullish trendlines supporting this path.
This pullback is viewed as an attempt to regain positive momentum that may help it resume its rise, with its attempt to offload overbought conditions on relative strength Indicators, which already occurred, with indicators entering extremely oversold zones, opening the way for a return of bullish momentum.
Gold prices (GOLD) declined during recent intraday trading, affected by the emergence of negative signals from relative strength indicators, after reaching overbought levels, accompanied by the price attempt to look for higher low to use it as a base to regain the bullish momentum and return to rise again.
Despite this decline, the price gets strong dynamic support due to its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-tern basis, keeping the chances of the recovery valid in the near period.
The (EURUSD) price declined in its last intraday trading, affected by the emergence of negative signals from relative strength indicators, after reaching overbought levels, attempting to look for higher low to use it as a base that might help it to regains the bullish momentum and rise higher again.
On the other hand, the pair remains benefiting from the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line, keeping the chances of a recovery valid in the upcoming period.
The (BTCUSD) price slipped lower in its last intraday trading, breaking the suggested target in our previous analysis at $86,000 support, to reach the key support at $84,500 preparing to break it, amid the continuation of the negative pressure due to its trading alongside supportive trend line for this trend, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.