Gold prices extended its gains during recent intraday trading, affected by breaching bearish corrective trend line on the short-term basis, supported by its continued trading above EMA50, reinforcing the strength of the positive momentum, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, which might reduces the upcoming gains and cause temporary fluctuation.

The EURUSD pair rose during its latest intraday trading, breaching the key resistance level at 1.1660, supported by its trading above EMA50, and the dominance of minor bullish wave on the short-term basis, after offloading some of its overbought conditions on the relative strength indicators, opening the way for extending its gains in the upcoming near period.

Ethereum price (ETHUSD) declined during its recent intraday trading, amid the dominance of the main bearish trend, moving alongside a minor supportive trendline for this downward path, with the continuation of the negative pressure from trading below its EMA50, which reduces the chances of a full recovery in the near term, especially as a negative crossover has started to appear on the relative strength indicators after reaching heavily overbought levels. This increases the downside pressure surrounding the price in the coming period.

Brent crude oil price continued to decline during its recent intraday trading, approaching our target support level at $90.00, amid the negative pressure from trading below its EMA50, which reinforces the dominance and stability of the short-term corrective bearish trend.

On the other hand, we notice the beginning of a positive crossover on the relative strength indicators after reaching deeply oversold levels. This may temporarily limit further losses as the market needs to relieve some of this oversold pressure before resuming its downward movement.