Gold price continues its attempts to gain positive momentum that may support a renewed recovery, despite its recent sideways and volatile intraday movements below the key and stubborn resistance level at $4,800.

The price remains supported by trading above EMA50, which reinforces the stability and dominance of the short-term corrective bullish trend. On the other hand, negative signals emerging from relative strength indicators after previously reaching overbought levels, which limited the bullish momentum in recent sessions.

The EURUSD pair is holding on to strong gains in its latest intraday trading, supported by a short-term corrective bullish trend. The pair continues to benefit from positive pressure as it trades above EMA50, which reinforces the upward momentum.

In the background, relative strength indicators are still providing positive signals after offloading the overbought conditions. Opening the way for achieving these gains.

Zcash (ZECUSD) price edged lower in its latest intraday trading, as the price takes profits from its previous gains while attempting to gain positive momentum that could help it resume its gains in the near future. Additionally, the price is trying to ease some of its clear overbought conditions according to the Stochastic indicator, especially with the emergence of a negative crossover, amid the dominance of the main short-term bullish trend.

Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as support at $339.00 remains intact, targeting its next resistance level at $420.00.

Today’s price forecast: Bullish

Abbott Laboratories (ABT) stock price resumed its decline in its latest intraday trading, amid the complete dominance of the main medium-term bearish trend. The stock is moving alongside a short-term minor trendline supporting this path, in addition to continued negative pressure from trading below its 50-day SMA. In the background, the stock has succeeded in easing its oversold conditions according to the Stochastic indicator, which doubles the negative pressure surrounding the stock.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $106.00 remains intact, targeting the support level at $98.00.

Today’s price forecast: Bearish