Evening update for Gold -23-05-2025

The EURUSD rose in its recent intraday trading, after reaching our morning target at 1.1380, to get ready to attack it, supported by the domination of the bullish trend and its trading alongside a minor bias line on the short-term basis, with the continuation of the positive support due to its trading above its EMA50.

The price of (ETHUSD) declined in its recent intraday trading, affected by the critical resistance level at 2,730, attempting to gain positive momentum and offloading its clear overbought condition on the (RSI), especially with the emergence of the negative signals on them, amid the continuation of the positive pressure due to its trading above its EMA50.

The price of (BTCUSD) moves in a limited range in sideways trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, opening the way towards achieving new rises, amid the dominance of the main bullish trend and its trading alongside a minor bias line on a short-term basis.