Silver declined during recent intraday trading after the $60.00 resistance level halted its latest recovery attempt, bouncing lower as selling pressure continued to dominate.

Silver remains below the EMA50, which continues to act as dynamic resistance and reinforces the dominance and stability of the short-term bearish trend. Meanwhile, relative strength indicators began to send negative signals following the formation of a bearish divergence, signaling weakening buying momentum and increasing the likelihood of further losses in the near term.

Gold declined during recent intraday trading, extending its losses as it nears a break below the key psychological support at $4,000. This level may determine the next price direction, with selling pressure continuing to dominate.

The technical outlook remains bearish, with the continuation of the main short-term bearish trend dominance. Gold continues to trade below the EMA50, which acts as dynamic resistance and reinforces negative pressure. Meanwhile, relative strength indicators began sending negative signals after reaching overbought areas, signaling weakening bullish momentum and increasing the likelihood of further declines if current pressure remains.

The EURUSD pair declined during recent intraday trading after the 1.1430 resistance level limited the latest bullish attempts. The pair is attempting to gain bullish momentum to support breaching this resistance.

The price leans at EMA50’s support, while the short-term bullish corrective trend remains dominant, with price continuing to move along an ascending trendline. Relative strength indicators also maintain a positive outlook after rebounding from oversold levels, increasing the chances of a renewed advance if the pair breaks above the current resistance.

Bitcoin (BTCUSD) declined in its last intraday trading, reaching the key support at $58,000, which was an expected target in our previous analysis, amid the emergence of the negative signals from the relative strength indicators, with the continuation of the negative pressure that comes from its trading below EMA50, amid the dominance of the main bearish trend on the short-term basis.