Gold’s price is witnessing fluctuating trading on its last intraday levels, in attempt to gain bullish momentum that might help it to recover and resume its gains in the upcoming near period, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of strong bullish corrective on short-term basis, on the other hand, the negative pressure continues due to its trading below EMA50, reducing the chances of its sustainable recovery on the near-term basis.

(EURUSD) prices declined in their last intraday trading, amid its continued attempts to gain bullish momentum that might help it to breach the key and stubborn resistance at 1.1635, affected by the emergence of the negative signals from the relative strength indicators, amid the dominance of bullish corrective wave on short-term basis with its trading alongside supportive trend line for this path, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of a near-term recovery.

Ripple (XRPUSD) price recorded gains in its latest intraday trading, supported by positive signals emerging from the Stochastic indicator. The price has recently approached resistance at its 50-day SMA, which signals a potential bearish reversal, especially after being affected earlier by the break of a short-term bullish trendline, increasing the overall negative pressure surrounding the price.

Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, as long as it remains below the resistance level at $1.4520, targeting the key support level at $1.3670.

Today’s price forecast: Bearish

Schlumberger N.V. (SLB) stock price extended its gains in its latest intraday trading, as the stock successfully overcame the negative pressure from its 50-day SMA with its recent advance. This comes amid the dominance of a primary bullish trend in the short term, with price moving alongside a supporting trendline, in addition to positive signals emerging from the Stochastic indicator, despite reaching excessively overbought levels relative to price action.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above the support level at $47.35, targeting the key resistance level at $52.45.

Today’s price forecast: Bullish