(Gold) declined in the last intraday trading, to attempt to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this track.
The (EURUSD) price settles on limited gains in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, with its trading within bearish corrective channel’s range that limits its previous trading on the short-term basis.
Ripple (XRPUSD) price recorded a decline in its latest intraday trading, as the price attempts to search for a rising bottom that could form a base to help it regain the positive momentum needed to resume its recovery, while also trying to shake off the negative pressure from its SMA50. At the same time, the price is working to unwind its clear overbought conditions on the RSI, especially with incoming negative signals, all under the dominance of the main short-term upward trend, with price action moving along a supportive trend line.
Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, especially as long as it remains stable above the $2.1060 level, to target the $2.2150 resistance level.
Today’s price forecast: Bullish
Goldman Sachs Group, Inc. (GS) stock price recorded a pullback in its latest intraday trading, as the stock attempts to build positive momentum that could help it recover and move higher again. At the same time, it is trying to unwind its clear overbought conditions on the RSI, especially with incoming negative signals, despite continued dynamic support from trading above its SMA50, which reinforces the strength and stability of the main medium-term upward trend, with price action moving along a supportive trend line.
Therefore we expect the stock price to rise in upcoming trading, as long as the $880.00 support level holds, to target the major psychological resistance at $1,000.
Today’s price forecast: Bullish