Gold price declined during its latest intraday trading, surrendering to the surrounding bearish pressure with the continuation of its trading below EMA50, which represents dynamic resistance that prevent its recover on the near term, affected by previous break below bullish corrective trend line on the short-term basis, besides the beginning of forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move with the emergence of negative crossover.
Thanks for your feedback.
The EURUSD pair declined during its latest intraday trading, to break the key support at 1.1730, to confirm extending the dominant bearish corrective wave on short-term basis, especially with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, noticing the emergence of negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses in the upcoming near period.
MoreEthereum (ETHUSD) settles with strong gains in its recent intraday trading, reaching $2,400 resistance, which represents an expected target in our previous analysis, taking advantage of the positive signals from the relative strength indicators, with the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on the short-term basis, increasing the chances of extending the gains on the near-term basis.
MoreSolana (SOL/USD) price continued its ascent in its latest intraday trading, driven by its sustained performance above the 50-day SMA. This provides renewed positive momentum that maintains the short-term bullish corrective trend, especially as the price moves alongside a trendline supporting this path. Additionally, positive signals continue to emerge from the Stochastic indicator, despite reaching extremely overbought levels.
More