Brent crude oil has advanced in its recent intraday trading, testing the neckline of a short-term bullish pattern—an inverted head and shoulders, supported by positive signals from the Relative Strength Index (RSI), despite entering overbought areas.

Crude oil prices rose in its recent intraday trading, challenging the key resistance level at $61.50, supported by a short-term bullish correctional wave and the emergence of positive signals from the Relative Strength Index (RSI). However, the price is also facing a strong obstacle, which is the resistance of the EMA50.

Gold price declined during intraday trading, as it attempts to gain positive momentum that may help it recover and rise again. Besides the attempt to get rid of some of the clear overbought conditions indicated by the Relative Strength Index (RSI), especially as some negative signals begin to appear, while the overall short-term trend remains strongly bullish.

The EURUSD pair rose steadily in its recent intraday trading, preparing to challenge the resistance level at 1.1470. This move is supported by the emergence of positive signals in the Relative Strength Index (RSI) indicators, following the pair’s successful absorption of overbought conditions, due to the domination of the short-term bullish trend.