Gold price kept rising in its last intraday trading, breaching the key resistance at $4,700, despite the emergence of negative signals from the relative strength indicators, after reaching overbought levels, which didn’t affect the price movement, indicating the volume and strength of the bullish momentum, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path.
(EURUSD) prices declined slightly in their last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, affected by breaching minor bearish trend line on short-term basis, with a continued dynamic support due to its trading above its EMA50.
Ethereum (ETHUSD) keeps its early gains during recent intraday trading, affected by surpassing bearish corrective channel’s range that limited its previous trading on short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending these gains in the upcoming near period, especially with the emergence of positive signals from the relative strength indicators, despite reaching overbought levels.
Brent crude oil kept declining in its recent intraday trading, to lean on a main bullish trend line on the short-term basis, as a last attempt to gain bullish momentum to help it recover and rise again, especially with the emergence of positive signals from the relative strength indicators after reaching oversold levels, surpassing the support of EMA50, which put it under negative pressure that threatens the chances of its recovery.