(Gold) kept declining in the last intraday trading, amid the emergence of negative signals on the relative strength indicators, attempting to look for rising low to take it as a base to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this trend.
The (EURUSD) witnessed fluctuated trading on its last intraday levels, affected by the stability of the resistance at 1.1700, and there is negative pressure due to its trading below EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, with the emergence of positive signals on the relative strength indicators, after reaching oversold levels.
Monero (XMRUSD) price recorded strong stability in its latest intraday trading, maintaining solid gains supported by its continued trading above its SMA50, which represents dynamic support reinforcing the stability of the main short-term upward trend, especially as price action moves along a supportive trend line. In addition, positive signals continue to flow from the RSI after the price managed to unwind its overbought conditions, giving it greater room to achieve further gains in the near term.
Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as the $434.55 support level remains intact, to target the $463.00 resistance level, with strong chances for a breakout.
Today’s price forecast: Bullish
GameStop Corporation (GME) stock price recorded a slight advance in its latest intraday trading, as the stock attempts to recoup part of its previous losses while also trying to unwind some of its oversold conditions on the RSI, especially with the beginning of a positive crossover. However, the stock remains under continued negative pressure from trading below its SMA50, which limits its recovery prospects in the near term, all under the dominance of the main short-term downward trend. It is also worth noting that GME belongs to the group of so-called meme stocks, which are subject to intense speculative activity and often move in ways that deviate sharply from technical expectations.
Therefore we expect the stock price to decline in upcoming trading, as long as the $21.95 resistance level remains intact, to target the key support at $19.95.
Today’s price forecast: Bearish