The (Gold) price declined in its last intraday trading, to gather the gains of its previous rises, and attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, gathering its positive strength on the intraday basis, with the continuation of the positive support that comes from its trading above its EMA50, forming a dynamic support that keeps the stability of the bullish track of the price.
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The (EURUSD) resumes its fluctuated trading on its last intraday levels, attempting to gain some of the positive momentum that might assist it to get rid of the negative pressures, amid the continuation of the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals on the (RSI), after reaching overbought levels, to offload this condition and opening the way for achieving new bullish wave.
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TRON’s price (TRXUSD) continued to climb in recent intraday trading, supported by sustained movement above the 50-period simple moving average, which acts as dynamic support and reinforces the positive trend. This rise is further backed by trading along a primary ascending trendline on the short-term chart, alongside positive signals from the Stochastic indicators, despite entering extreme overbought territory.
Therefore, we expect the cryptocurrency’s price to continue rising in upcoming intraday sessions, as long as support at $0.32080 holds, targeting the resistance level at $0.34304.
Expected trend for upcoming sessions: Bullish.
Litecoin’s price (LTCUSD) continued to rise in recent intraday trading, supported by a short-term bullish pattern — the falling wedge — along with sustained movement above the 50-period simple moving average and the dominance of a primary uptrend. However, emerging bearish crossover signals from the Stochastic indicators, following extreme overbought conditions, may limit further upside momentum.
Therefore, we expect the cryptocurrency’s price to rise in upcoming intraday sessions, as long as support at $108.50 holds, targeting the key resistance level at $122.30.
Expected trend for upcoming sessions: Bullish.