(Gold) rose in the last intraday trading, surpassing the main resistance level at $4,500, supported by its continuous trading above EMA50, under the dominance of the main bullish trend on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (EURUSD) witnessed fluctuated trading in its last intraday trading, approaching from leaning on the support level at 1.1615, which represents an expected target in our previous analysis, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the bearish corrective trend on the short-term basis, on the other hand, we notice the emergence of positive signals on the relative strength indicators, which led to fluctuating movement.
The price of (ETHUSD) declined in its last trading on the intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, reinforced with the emergence of the negative signals from the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, on the other hand, the price moves alongside bullish corrective trend line on the short-term basis, which might push it to recover on the near-term basis if the current support settles.
Brent crude oil’s prices rose in its last intraday trading, amid its attempts to breach the key stubborn resistance at $62.25, supported by its continuous trading above EMA50, affected by breaching main bearish trend line on the short-term basis, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.