Gold declined in its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels to gather the gains of its previous rises, to attempt to gain bullish momentum that might help it to recover and resume its gains and to offload this overbought conditions amid the continuation of the positive and dynamic pressure that is represented by its trading above EMA50.

The EURUSD price witnessed fluctuating trading on its recent intraday levels, to gain bullish momentum that might help it to breach the near resistance at 1.1790, supported by its trading above EMA50, reinforcing the strength and stability of the main bullish trend on short-term basis, besides the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions.

Ethereum (ETHUSD) settled lower in its last intraday trading, leaning on EMA50’s support, as a clear signals for the attempt of gathering the required bullish momentum, which might help it to recover and rise again, especially with the formation of positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive signals from them, amid the dominance of the main bullish trend on short-term basis.

Brent crude oil price declined during its recent intraday trading, reaching the support level at $96.00, which was one of our target levels in previous analyses. The market remains under the control of a sharp short-term corrective bearish wave, with continued negative and dynamic pressure from trading below EMA50.

In addition, we notice the beginning of a negative crossover on the relative strength indicators after the price succeeded in easing its oversold conditions, giving the market room to break below this support level in the near term.