Gold rose in its recent intraday trading, breaching the key resistance level at $4,100, this resistance represents a neckline for positive technical formation on the short-term basis (the double bottom pattern), as a clear signals for resuming the corrective trend in the near upcoming period, especially with the dynamic support that is represented by its trading above EMA50, which prevented its decline in the last period, besides the emergence of the positive signals from the relative strength indicators.
The EURUSD pair witnessed strong gains in its latest intraday trading, breaching the key resistance at 1.1430, supported by the emergence of the positive signals from the relative strength indicators, to surpass the pressure of the EMA50, which represents a dynamic support that reinforces the stability of the dominant bullish corrective wave on the short-term basis, with its trading alongside trend line.
Stellar (XLMUSD) has been trading in a volatile manner during recent intraday sessions as the cryptocurrency attempts to build positive momentum that could support a renewed recovery and advance. A strong short-term bullish corrective wave remains in control, while the price continues to benefit from positive and dynamic support provided by trading above its 50-period Simple Moving Average (SMA), enhancing the prospects for further gains in the near term. In addition, a bullish divergence is beginning to form on momentum indicators after they reached excessively oversold levels relative to price action, with a positive crossover also starting to emerge.
Therefore, our outlook remains bullish for the cryptocurrency's upcoming intraday trading sessions, as long as support at $0.1869 remains intact. Under this scenario, the first upside target is seen at the $0.2170 resistance level.
Today's price forecast: Bullish.
Carnival Corporation (CCL) remained under mild pressure in recent intraday trading as the stock continues to search for a higher low that could serve as a foundation for rebuilding the positive momentum needed to resume its recovery. Despite the recent weakness, positive support remains in place through the stock's continued trading above its 50-day Simple Moving Average (SMA), which acts as a dynamic support level and strengthens the prospects for a near-term rebound. In addition, momentum indicators have fallen into excessively oversold territory relative to the stock's price action, further supporting the recovery scenario.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $27.50 holds firm. Under this scenario, the stock is expected to target the key resistance level at $31.60.
Today's price forecast: Bullish.