Gold continued to decline during its latest intraday trading, breaking below the support of its EMA50, thereby diminishing hopes for a near-term recovery. This comes amid continued negative signals from the relative strength indicators and under the control of the main short-term bearish trend, with price movements aligned with a trendline supporting this downward path.

EURUSD remains under pressure in its latest intraday trading, confirming a break below the key support level of 1.1500. Negative pressure continues as the pair trades below EMA50, reinforcing the stability and strength of the main short-term bearish trend. Additional bearish signals are coming from the relative strength indicators, despite their presence in heavily oversold territory.

Zcash (ZECUSD) remained under mild pressure in recent intraday trading as the cryptocurrency continues to search for a higher low that could serve as a foundation for a renewed recovery. The price is currently finding support at its 50-period Simple Moving Average (SMA), while also holding above a short-term bullish corrective trendline, reinforcing the prospects for regaining positive momentum. In addition, momentum indicators have started to generate a positive crossover after reaching extremely oversold levels, to a degree that appears exaggerated relative to the price action, suggesting that a bullish divergence may be beginning to form.

Therefore, our outlook remains biased to the upside for the cryptocurrency's upcoming intraday trading sessions, as long as support at $455.00 remains intact. Under this scenario, the next target is seen at the key resistance level of $541.00.

Today's price forecast: Bullish.

FedEx Corporation (FDX) moved lower in recent intraday trading amid the emergence of negative signals from momentum indicators, as the stock attempts to rebuild positive momentum that could support a renewed recovery and advance. Despite the recent pullback, positive and dynamic support remains in place through the stock's continued trading above its 50-day Simple Moving Average (SMA), reinforcing the stability and dominance of the primary short-term bullish trend. Price action also continues to move alongside an ascending trendline that supports the current upward trajectory.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $315.00 holds firm. Under this scenario, the stock is expected to target the next resistance level at $363.00.

Today's price forecast: Bullish.