The (Gold) witnessed sudden and sharp losses in its last intraday trading, by the emergence of negative signals on the relative strength indicators, after forming negative divergence, where it reached overbought levels, exaggeratedly compared by the price move, to settle below its EMA50, intensifying the negative pressure on its upcoming trading.
The (EURUSD) slipped lower in its last intraday trading, to reach 1.1550 support, this support represents our expected target in our previous analysis, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, under the dominance of the main bearish trend on the short-term basis.
Cardano (ADAUSD) held lower in its latest intraday trading, pressured by continued movement below its 50-day simple moving average, which reinforces the dominance of the short-term primary downtrend, especially with price action moving along a descending secondary trendline. In addition, a negative divergence has formed on the RSI indicators after they reached excessively overbought levels relative to price movement, accompanied by renewed negative signals.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level of 0.4800, targeting the support level of 0.4080.
Today's price forecast: Bearish
DASH saw choppy movement in its latest intraday trading, supported by its 50-day simple moving average, while the broader short-term corrective downtrend continues to dominate, with price action moving along a descending trendline. Meanwhile, RSI indicators have begun issuing negative signals after the price previously worked off its oversold conditions, adding further bearish pressure going forward.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level of 83.30, targeting the key support level of 63.00.
Today's price forecast: Bearish