The (Gold) price declined from its all-time high in its last intraday trading, to gather 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, to gather its positive strength that help it to keep the main bullish stability on the short-term basis amid its trading alongside supportive bias line for this track.
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The (EURUSD) rose in its last intraday trading, after its success in offloading its overbought conditions on the relative strength indicators, which removed the negative pressure and opens the way for achieving more of the gains, especially with the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside bias line.
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Worldcoin (WLDUSD) declined in its latest intraday trading, with the short-term corrective downtrend still dominant as price moves along a descending slope. Ongoing pressure from trading below the 50-day SMA reinforces the bearish bias, while the RSI has reached strongly overbought levels relative to price action, signaling a negative divergence that adds to the surrounding downside risks.
Therefore, we expect the price to fall in upcoming intraday trading, as long as resistance at 1.46686285 holds, targeting the first support level at 1.20695252.
Today’s price forecast: Bearish.
Ripple (XRPUSD) traded with volatile movements leaning to the upside in its latest intraday action, supported by positive signals from the RSI as it attempts to recover part of earlier losses. However, the dominant short-term trend remains bearish, with continued negative pressure from trading below the 50-day SMA. At the same time, the RSI has reached excessively overbought levels compared to price action, signaling the start of a bearish divergence that adds to the surrounding downside risks.
Therefore, we expect the price to decline in upcoming intraday trading, as long as resistance at 2.9528 holds, targeting the key support level at 2.6993.
Today’s price forecast: Bearish.