Silver price settles on cautious gains in its recent intraday levels, attempting to recover part of its previous losses, offloading some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which reduces the chances of full recovery in the upcoming near period.

Gold price rose in its recent intraday trading, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term, with its trading alongside supportive trend line for this path.

The EURUSD pair surged higher in its last intraday trading, surpassing the resistance of EMA50, to get rid of its negative pressure, surpassing the resistance of minor bearish trend line on the short-term basis, as a clear signals for continuing the upside movement in the near upcoming period, with the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains.

Coffee price confirmed the dominance of the bearish bias by providing repeated closes below the barrier at 275.80 level, activating with the main indicators negativity by surpassing the initial support at 256.60 and its stability near 246.35.

No escape from forming extra bearish waves, to keep waiting to reach extra negative stations at 233.80 reaching the next support at 220.00 level, which represents confirmation key for the futuristic trading.

The expected trading range for today is between 233.80 and 258.00

Trend forecast: Bearish