Gold deepened its losses during its latest intraday trading, to reach the main psychological support at $4,000, which was our last expected target, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading above EMA50, on the other hand, we notice forming positive divergence on the relative strength indicators, with the emergence of the positive signals from them, which makes us witness some limited upside rebounds, which target recovering some of the previous losses.

The EURUSD pair rose in its recent intraday trading, due to the stability of the support level at 1.1330, which represents our expected target, providing some bullish momentum to recover some of its previous losses, and it attempts to offload its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the dominance of the main bearish trend on the short-term basis.

Cardano (ADAUSD) extended its losses in recent intraday trading, breaking below the key support level at $0.1390. The primary short-term bearish trend remains firmly in control, with price action continuing to move along a descending trendline that supports the current downtrend. Additional downside pressure stems from the cryptocurrency's continued trading below its 50-period Simple Moving Average (SMA), reinforcing the negative outlook. Meanwhile, momentum indicators have started to generate a bearish crossover after the price successfully worked off its oversold conditions, opening the door for further losses in the near term.

Therefore, our outlook remains negative for the cryptocurrency's upcoming intraday trading sessions, particularly if the break below $0.1390 is confirmed. Under this scenario, the next downside target is seen at the $0.1275 support level.

Today's price forecast: Bearish.

Amazon.com, Inc. (AMZN) posted modest gains in recent intraday trading, supported by positive signals from momentum indicators as the stock attempts to recover part of its previous losses. However, those indicators have now entered excessively overbought territory relative to the stock's price action, suggesting that the current positive momentum may fade quickly. This comes while a short-term bearish corrective wave remains in control, with the stock continuing to trade below its 50-day Simple Moving Average (SMA), maintaining negative pressure on price action.

Accordingly, our outlook remains negative for the stock's upcoming trading sessions, as long as it remains below the $247.75 resistance level. Under this scenario, the stock is expected to target its next support level at $219.70.

Today's price forecast: Bearish.