Evening update for Gold -10-07-2025
AI Summary
- Gold declined in last intraday trading due to testing a bearish correctional trend line and forming a negative divergence on the RSI
- Price is expected to continue to decline and trade below its EMA50
- Positive momentum has ended for Gold
The (Gold) declined in its last intraday trading, due to testing a bearish correctional trend line on the short-term basis, with the beginning of forming a negative divergence on the (RSI), after reaching overbought levels, with the beginning of the negative signals on them, which makes the price return to decline and trades below its EMA50, confirming ending the positive momentum.
Evening update for EURUSD -10-07-2025
The (EURUSD) declined in its last intraday trading, amid the pair’s trading within bearish correctional channel’s range that limits its previous trading on the short-term basis, to test the channel’s support that assisted the pair to settle and bounces higher to shrink its losses, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of the negative signals on the (RSI), after reaching overbought levels.
Cardano price tries to vent off overbought saturation - Analysis - 10-07-2025
Cardano’s currency price (ADAUSD) declined in latest intraday trading, as the price attempts to gather positive momentum that may help it rise anew, while also trying to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This comes amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line, supported by ongoing positive pressure from trading above the 50-period SMA.
Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of $0.59359 holds on, targeting the resistance level of $0.65587.
Today’s price forecast: Bullish
EOS price moves alongside main downward trend line - Analysis - 10-07-2025
EOS’s currency price (EOSUSDT) rose in latest intraday trading, supported by trading above the 50-period SMA, as the price attempts to recover part of its previous losses. This comes amid the dominance of the main downward trend in the short term and trading alongside a descending trend line. Meanwhile, the Stochastic remains in extremely overbought territory, exaggerated relative to the price movement, which adds further negative pressure on the price.
Therefore we expect the currency to decline in upcoming intraday trading, as long as the resistance of 0.5568 holds on, targeting the support level of 0.4390.
Today’s price forecast: Bearish