The price of gold rose in its last intraday trading, due to the stability of $4,550 support, which was our expected target in our morning analysis, gaining bullish momentum to help it recover some of its previous losses, and attempting to offload some clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals from there, amid the continuation of the negative pressure due to its trading below EMA50,  reducing the chances of full recovery on near sessions, affected by breaking minor bullish trend line on short-term basis.

The price of EURUSD is witnessing fluctuated trading on its last intraday levels, as it gained some bullish momentum after leaning on EMA50’s support, attempting to recover some previous losses, with its attempt to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, due to the effect of breaking bullish trend line on short-term basis, and the dominance of steep bearish corrective wave.

 The (ETHUSD) price is experiencing free fall in its last intraday trading, amid the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressures around the price, especially with the emergence of negative signals from relative strength indicators, despite reaching oversold levels, indicating the strength and volume of the bearish momentum in the near period.

The (Brent) price slipped lower in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after offloading its oversold conditions previously, opening the way for recording those losses, to lean on EMA50’s support, which might provide a chance for gaining bullish momentum to help it rebound higher, especially with its trading alongside minor bullish trend line on short-term basis that reinforces this scenario.