Forecast update for silver -13-08-2025
AI Summary
- Silver price reached $38.50 resistance with strong signs of breaching it
- Positive signals on the RSI despite overbought levels, supported by main bullish trend
- BestTradingSignal.com offers high-accuracy trading signals for US stocks, crypto, forex, and VIP signals for various markets
The price of (silver) extended its strong gains in its last intraday trading, to reach our morning target at $38.50 resistance, attacking it with strong signs to breach it, the initial signs that the price managed to close above it, supported by the positive signals on the (RSI), despite reaching overbought levels, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of this scenario on the near-term basis.
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Forecast update for Gold -13-08-2025
The price of (Gold) witnessed strong gains in its last intraday trading, to succeed in settling above $3,360, in an attempt to surpass the negative pressure on the EMA50, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels, amid the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive trend line, reinforcing its stability on the near-term basis.
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Forecast update for EURUSD -13-08-2025
The price of (EURUSD) soars high in its last intraday trading, amid its trading alongside a minor bullish trend on the short-term basis, indicating the strength of the this track, amid the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels, reinforcing the stability of the positive station around the pair.
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The GBPCAD resumes the rise– Forecast today – 13-8-2025
The GBPCAD succeeded in confirming the bullish scenario by its stability within the bullish channel’s levels, to surpass the moving average 55 at 1.8400, to open the way for achieving new gains by its rally towards 1.8605.
Note that reaching the next barrier at 1.8650 level is possible, which forces it to provide sideways trading until it reaches this level and the extra positive stations at 1.8690 and 1.8770.
The expected trading range for today is between 1.8550 and 1.8690
Trend forecast: Bullish