(Gold) slipped lower in the last intraday trading, breaking minor bullish trend line on the short-term basis, surpassing its EMA50’s support, intensifying the negative pressure on its upcoming trading, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, which might reduce the losses temporarily.

The (EURUSD) rose in fluctuating trading on its last intraday levels, supported by the emergence of positive signals on relative strength indicators, with the continuation of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis.

Monero (XMRUSD) declined in its latest intraday trading, amid continued negative pressure as the price trades below its 50-period SMA, accompanied by negative signals from the RSI. This move pushed the price to break the key support at 441.70, which represents the neckline of a short-term negative chart formation — the double top pattern — increasing bearish pressure around the price in the intraday term.

Therefore we expect the cryptocurrency price to decline further in the upcoming intraday trading, especially as long as it remains below 441.70, to target the support level at 423.70 as the projected target of the double top pattern.

Today’s price forecast: Bearish

Zcash (ZECUSD) declined in its latest intraday trading, as the price takes profits from its previous gains while attempting to unload part of its overbought condition on the RSI, especially with emerging negative signals. This pullback comes as the price regroups its positive momentum, which may help it recover and move higher again, supported by the continued dynamic support from trading above its 50-period SMA. This reinforces the stability and control of the short-term corrective bullish trend, with price action moving alongside an upward trendline.

Therefore we expect the cryptocurrency price to rise in the upcoming intraday trading, but only after first breaking the key resistance at 547.75, to target the next and psychological resistance level at 600.00.

Today’s price forecast: Bullish