Gold price keeps its early gains for today, amid its stability above the key resistance level at $4,500, with the emergence of the positive signals from the relative strength indicators, under the dominance of the bullish corrective wave on the short-term basis, to attempt to get rid of the negative pressure of EMA50, announcing its full recovery.

(EURUSD) prices continued to decline in their last intraday trading, reaching support level of 1.1445, which represented our expected target in our morning analysis, amid the dominance of the short-term main bearish trend, with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels. 

Cardano (ADAUSD) price continued to rise during its latest intraday trading, as the price attempts to correct the main downward trend, moving along a short-term minor upward trend line that supports this move. However, negative pressure persists as the price remains below its 50-day simple moving average, limiting the chances of a sustained recovery in the near term. Meanwhile, the Relative Strength Index has reached heavily overbought levels, in an exaggerated manner compared to price action, signaling a rapid weakening in positive momentum.

Therefore, our expectations lean toward a decline in the cryptocurrency’s price during upcoming intraday trading, as long as the resistance level at $0.2430 holds, targeting the key support level at $0.2300.

Today’s price forecast: Bearish

Spotify Technology (SPOT) stock price declined during its latest intraday trading, amid the dominance of the main downward trend in the short term, as it moves along a supporting trend line for this path. The stock is also facing continued negative pressure as it trades below its 50-day simple moving average, which limits the chances of a full recovery in the near term, especially with ongoing negative signals from the Relative Strength Index, despite its stability in deeply oversold territory.

Therefore, we expect the stock price to decline in upcoming trading sessions as long as the resistance level at $497.00 holds, targeting the key support level at $453.70.

Today’s price forecast: Bearish