(Gold) declined in its last intraday trading, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, gathering its bullish momentum that may help it to rise again, amid its trading alongside bullish trend line on the short-term basis.

The (EURUSD) witnessed fluctuated trading on its last intraday levels, due to the stability of the key support at 1.1725, by continuous support by its trading above EMA50, with its trading alongside minor bullish trend on the short-term basis, noticing the emergence of negative signals on the relative strength indicators, which reduced the last gains.

Cardano (ADAUSD) stabilized with cautious gains in its latest intraday trading, driven by the inflow of positive signals from the RSI indicators. However, we note that these indicators have reached excessively overbought levels relative to the price action, suggesting a rapid slowdown in the surrounding positive momentum. This comes as the price was affected by breaking out of a corrective ascending price channel that had previously capped its short-term movements, alongside continued negative pressure from trading below its 50-period simple moving average.

Therefore we expect the digital currency to decline in its upcoming intraday trading, as long as the resistance level at 0.4290 holds, targeting the first support level at 0.3945.

Expected trading direction: Bearish

Dash (DASHUSD) witnessed sideways and volatile trading within a narrow range in its latest intraday movements, amid continued negative pressure from trading below its 50-period simple moving average. This comes under the dominance of the main short-term bearish trend, with price action moving alongside a supporting minor trendline for this negative path. In addition, we note the inflow of negative signals from the RSI indicators after reaching heavily overbought levels.

Therefore we expect the digital currency to decline in its upcoming intraday trading, as long as the resistance level at 54.35 holds, targeting the pivotal support level at 43.45.

Today’s price forecast: Bearish