Gold price experienced volatile trading in its recent intraday movements, after finding support at EMA50, which provided some positive momentum and helped the price rebound higher. This comes as the price attempts to form a higher low that could serve as a base for gaining the positive momentum needed to resume its recovery, amid the dominance of the short-term upward trend and its movement alongside a supportive trend line.

The EURUSD price kept declining in its last intraday trading, to surpass EMA50’s support, which puts the price under negative pressure by its upcoming movement, to lean on a main bullish trend line on short-term basis, as a last chance to gain bullish momentum that might help it to return to rise, especially with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move.

Monero (XMRUSD) price continued to decline in its latest intraday trading amid continued negative signals from the Stochastic indicators, as the price moved below its 50-day SMA with this latest decline, which may expose it to further negative pressure and reduce the chances of a near-term recovery. Despite that, the main trend dominating the price movement remains upward, while moving alongside a trend line supporting this path.

Therefore, as long as the $400.00 support level remains intact, our expectations for the digital currency price continue to lean toward the upside in its upcoming intraday trading, targeting the key resistance level at $420.00.

Today’s price forecast: Neutral

JP Morgan Chase & Co. (JPM) stock price declined in its latest intraday trading, as the stock attempts through this decline to establish a higher low that could serve as a base to gain the positive momentum needed to restore its recovery, while finding support from its 50-day SMA, which strengthens the chances of a near-term rebound, especially amid the dominance of the main upward trend in the medium term, alongside the Stochastic indicators reaching deeply oversold levels in an exaggerated manner compared to the stock’s movement.

Therefore we expect the stock price to rise in its upcoming trading, provided that the $298.00 support level remains intact, targeting once again the key resistance level at $316.00.

Today’s price forecast: Bullish