Gold price declined in its last intraday trading, to settle below $5,000 resistance, as it reached EMA50’s resistance, which forced it to rebound lower especially with the emergence of the negative signals from relative strength indicators, after reaching overbought levels, besides the dominance of bearish corrective wave on short-term basis.

(EURUSD) settles on a decline in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after forming negative divergence that increases the negative pressures, amid the dominance of bearish corrective wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price recovery on near-term.

ADAUSD price recorded a decline in its latest intraday trading, following the stabilization of the key resistance level at $0.2937. Negative pressure remains in place due to continued trading below its SMA50, which reinforces the stability and dominance of the main short-term downtrend, with price action moving along a trend line supporting this bearish path. The recent pullback came after the RSI managed to unwind its oversold conditions, opening the way for further near-term losses.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $0.2937 resistance level remains intact, to target the key support at $0.2659.

Expected trading trend: Bearish

Target Corporation (TGT) stock price recorded extended gains in its latest intraday trading, successfully breaking above the key resistance level at $108.90. This move was supported by positive signals from the RSI after it reached deeply oversold levels, under the dominance of a short-term corrective upward trend, with price action moving along a supportive trend line. The stock also benefits from dynamic support by continuing to trade above its SMA50.

Therefore we expect the stock price to rise in upcoming trading, as long as it remains stable above the $108.90 level, to target the next resistance at $119.90.

Today’s price forecast: Bullish