The (Gold) price extended its gains in its last trading on the intraday basis, breaching its main resistance level at $3,400, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels.
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The (EURUSD) extended its gains in its last intraday trading, to confirm breaching its current resistance at 1.1665, supported by its continuous trading above EMA50, and under the dominance of minor bullish wave on the short-term basis, despite the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, indicating the strength of the bullish momentum.
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Stellar (XLMUSD) price settled lower in its latest intraday trading, under continued negative pressure from trading below its 50-day SMA. The short-term corrective bearish wave remains in control, with trading moving along a downward slope line that supports this path. On the other hand, we notice the beginning of a positive crossover in the Stochastic indicators after reaching extremely oversold levels, which has provided temporary stability for the price.
Therefore, we expect the currency to decline in its upcoming intraday trading, especially if it breaks the support level of 0.361200, to then target its next support at 0.302853.
Today’s price forecast: Bearish.
Avalanche (AVAXUSD) price advanced in its latest intraday trading, supported by dynamic backing from trading above its 50-day SMA. The short-term corrective bullish trend remains in control, with trading moving along an upward slope line that supports this path. The recent rise also came after the price managed in previous trading to unwind its clear overbought levels in the Stochastic indicators, giving it more room to achieve further gains.
Therefore, we expect the currency to rise in its upcoming intraday trading, as long as the support level of 22.20 holds, to then target the key resistance level of 27.40 in preparation to test it.
Today’s price forecast: Bullish.