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Evening update for Gold -30-05-2025

Economies.com
2025-05-30 17:48PM UTC

The (Gold) price rose in its last intraday trading, affected by the stability of the support level at $3,280, gaining some of the positive momentum that assisted it to achieve these gains, accompanied by the (RSI) reach to oversold levels exaggeratedly compared to the price move, leaning on a minor bullish trend line on the short-term basis, but there is an obstacle might decrease the upcoming gains, which is the trading below EMA50.

Evening update for EURUSD -30-05-2025

Economies.com
2025-05-30 17:48PM UTC

The (EURUSD) price rose in its last intraday trading, after it succeeded in offloading its overbought conditions that was clear on the (RSI), entering exaggerated oversold levels, reinforcing the chances for the price recovery, especially that it leaned on the support of its EMA50, gaining positive momentum that assisted it to rise in its trading alongside a minor bullish trend line on the short-term basis.

 

 

 

Forecast update for Ethereum -30-05-2025

Economies.com
2025-05-30 11:08AM UTC

The price of (ETHUSD) declined in its recent intraday trading, leaning on a bullish trend line on the short-term basis, accompanied by its lean on the support of its EMA50, as the last attempt for gaining the required positive momentum that make it recover and rise again, especially with the emergence of the positive signals on the (RSI), after reaching oversold levels, reinforcing the chances for the upside track.

Forecast update for Bitcoin-30-05-2025

Economies.com
2025-05-30 11:08AM UTC

The price of (Bitcoin) declined in its recent intraday trading, affected by breaking a main bullish trend line on a short-term basis, as a technical signal for the weakness of the positive momentum, accompanied by the continuation of the negative pressure that comes from its trading below the EMA50, reinforcing the possibilities for the continuation of the decline.

 

On the other hand, the (RSI) began to show positive overlapping signals after reaching oversold levels, which might form temporary support for the price movement, and limit the extension of the losses in the near-term basis.