The (Gold) price rose in its last trading on the intraday levels, supported by the emergence of the positive signals on the relative strength indicators, on the other hand, the negative pressure continues due to its trading below EMA50, which reduces the chances of sustainable recovery on the near-term basis, under the dominance of the bearish corrective trend on the short-term basis.
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The (EURUSD) declined in its last intraday trading, reaching the key support level at 1.1550, which represents our target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis, besides the emergence of the negative signals on the relative strength indicators.
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The price of (ETHUSD) declined in its last intraday trading, due to the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of steep bearish sub-wave on the intraday basis, besides the emergence of the relative strength indicators, after offloading its oversold levels on its previous trading, increasing the negative momentum.
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Bitcoin (BTCUSD) prices declined during their last intraday trading, to break the support of bullish corrective channel’s support that limits its previous trading on the short-term basis, with the emergence of negative pressure due to its trading below EMA50, after its success in offloading its oversold conditions on the relative strength indicators, intensifying the negative pressures on its upcoming trading.
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