The price of (Gold) rose in its last intraday trading, supported by the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, which suggest forming positive divergence that might push it to extend these intraday gains, on the other hand, the price remains under negative pressure that comes from its trading below EMA50, and under the dominance of the bearish corrective trend on the short-term basis.
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The price of (EURUSD) declined in its last intraday trading, preparing to break the current support at 1.1490, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside supportive trendline for this track, besides the emergence of negative crossover on the relative strength indicators, after offloading the oversold conditions, which intensifies the negative pressure.
MoreThe EURNZD confirmed the stability of the bullish scenario by providing several positive closes above the minor bullish channel’s support at 2.1055, activating with the main indicators’ positivity, achieving some gains by its stability near 2.0220.
MoreNatural gas prices continued forming strong bullish trading, to approach from the resistance with small margin, reaching $4.314 level.
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