Silver price deepened its losses during recent intraday trading after failing to break the key resistance level at $74.50. The price has since come under negative pressure, trading below EMA50, which reinforces the dominance of the short-term bearish trend, especially as it moves along a minor downward trendline. Negative signals from the relative strength indicators continue to support the bearish outlook; however, the indicator has entered oversold territory, which may lead to a temporary rebound or sideways movement in the very short term.

Gold price continued its decline during recent intraday trading, pressured by ongoing negative signals from the relative strength indicators, falling back below the $4,500 support level. This performance comes amid persistent negative pressure as the price trades below EMA50, reinforcing the dominance of the short-term bearish trend and increasing the likelihood of further downside in the near term.

The EURUSD pair is experiencing choppy intraday trading, stabilizing around the support of EMA50 as it attempts to form a higher low. This could serve as a base for building positive momentum needed to resume recovery and move higher again. The short-term trend remains supported by a corrective bullish wave, with price moving along an upward trendline defining this path. Meanwhile, the relative strength indicators has reached deeply oversold levels, exaggeratedly compared to price action, suggesting the emergence of a potential bullish divergence, which signals that the pair may be successfully accumulating positive momentum.

The GBPAUD confirmed the continuation of the bullish corrective scenario by moving way from the main support at 1.8675, achieving several gains by its rally towards 1.9270, taking advantage of the continuation of providing positive momentum by stochastic in the previous period.

Forming extra support at 1.9060 level will increase the efficiency of the bullish corrective track, to keep waiting for attacking 1.9310 level, and surpassing it will open the way for recording extra gains that might begin at 1.9400 reaching 1.9515.

The expected trading range for today is between 1.9155 and 1.9310

Trend forecast: Bullish