Gold price bounced higher slightly during its latest intraday trading, due to the stability of the support level at $4,500, gaining some temporary bullish momentum that helped it to achieve these limited gains, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the dynamic and negative pressure that is represented by its trading below EMA50, which reduces the chances of the price recovery on the near-term basis, especially with the emergence of the negative signals from the relative strength indicators, after forming negative divergence that intensifies these negative pressures.

The (EURUSD) price declined during its latest intraday trading, reaching 1.1590 support, preparing to break it, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.

Ethereum Classic (ETCUSD) price declined in its latest intraday trading after colliding with the resistance of its 50-day SMA, which coincided with a test of the upper boundary of a short-term corrective bearish price channel that has constrained its previous trading, forcing the price to retreat, especially with continued negative signals from the Stochastic indicators after previously reaching overbought levels.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $9.00 resistance level, targeting the important support level at $8.50.

Today’s price forecast: Bearish

Palo Alto Networks (PANW) stock price rose in its latest intraday trading, recovering all the losses recorded in the previous session, which had come as part of profit-taking and an attempt to relieve part of its overbought condition, before positive momentum returned and pushed the stock toward a rapid recovery, allowing it to attack the current resistance level at $250.00. This comes amid complete dominance of the main upward trend in the short term, while moving alongside major and minor trend lines supporting this path, which strengthens the chances of extending its gains in the near term and targeting new resistance levels.

Therefore we expect the stock price to rise in its upcoming trading, especially if it succeeds in breaking above the mentioned resistance at $250.00, targeting the next resistance level at $275.00 afterward.

Today’s price forecast: Bullish