Gold price witnessed strong gains on its last intraday levels, to reach the resistance of EMA50, accompanied by testing psychological main resistance at $5,000, therefore the negative pressures remain on the price, especially with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move.

(EURUSD) declined in its last intraday trading, as we expected in our morning analysis, to settle below 1.1835 key resistance level, affected by breaking bullish trend line on short-term basis, with a dynamic negative pressure that is represented by its trading below EMA50, besides the emergence of negative signals from relative strength indicators, after reaching overbought levels.

DICK'S SPORTING GOODS INC (DKS) stock price recorded gains in its latest intraday trading after holding above the key support level at $197.55, which gave the stock some positive momentum. This improvement was supported by the start of positive signals from momentum indicators, while the stock still faces negative dynamic pressure from trading below its 50-day SMA, and continues to move alongside a short-term minor bearish trend line.

Therefore we expect the stock price to decline in upcoming intraday trading, especially if it breaks below the $197.55 support level, targeting the next support at $186.00.

Today’s price forecast: Bearish

Adobe Inc (ADBE) stock price recorded a decline in its latest intraday trading, after the stock managed to unwind its oversold conditions on momentum indicators, which opens the door for further losses in the near term. The stock remains under negative pressure as it continues to trade below its 50-day SMA, reinforcing the stability and dominance of the main bearish trend on the medium term, with momentum indicators turning negative again after the recent relief move.

Therefore we expect the stock price to fall in upcoming intraday trading, as long as it remains below the $288.00 resistance level, targeting the next support level at $225.00.

Today’s price forecast: Bearish