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XAG/USD trades higher at around $75.75, but is broadly sideways from the last two weeks in the range between $71.79 and $78.83. The white metal maintains a bearish near-term tone as it holds beneath the 20-day exponential moving average (EMA) at $76.92. The downside bias is reinforced by the Relative Strength Index (RSI) hovering just below the neutral 50 mark near 47, which suggests subdued bullish momentum after the recent pullback from higher levels.
On the topside, the May 25 high at $78.83 is the first hurdle bulls need to clear to ease immediate downside pressure and open the way for a more sustained recovery toward
EUR/JPY There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher Risk/Reward would be poor to call a buy from current levels. A move through 186.00 will confirm the bullish momentum. The measured move target is 187.50
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Gold Tests Buyers’ Strength After Strong Rally – Analysis
Gold prices moved in a volatile but slightly lower range during recent intraday trading, reflecting a natural profit-taking phase following the previous rally. The metal is attempting to rebuild bullish momentum while maintaining overall technical stability despite current selling pressure. Read More Here https://web.telegram.org/k/#@gold_tradingrobots
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EURUSD Pulls Back as Strong Resistance Holds – Analysis
The EURUSD pair declined in recent intraday trading after failing to break the key resistance level at 1.1660, triggering a modest corrective decline aimed at restoring bullish momentum ahead of another attempt to overcome this barrier.
The pair attempts to offload overbought conditions on the relative strength indicators, which started to show negative signals. Despite this, the short-term outlook remains positive, supported by a minor upward trend and continued trading above the EMA50, which provides dynamic support and reinforces the bullish bias.