Gold price rose during its recent intraday trading, as it leaned at the bullish corrective trend line support on the short-term basis, which turned the balance of the yellow metal and began the current bullish wave.

This momentum is reinforced by the continuation of the trading above EMA50, which represents continued dynamic support, providing stability for the bullish track, and the relative strength indicators supports this optimistic scenario by the continuation of the positive signals, rising the likelihoods of resuming the upside track and expanding the gains in the upcoming period.

The EURUSD pair rose during recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators from the relative strength indicators, after reaching oversold levels, surpassing the resistance of EMA50, to get rid of its negative pressure as a key step for its recovery on the near-term basis, amid the dominance of bullish corrective wave on short-term basis.

Ethereum price (ETHUSD) extended its gains during recent intraday trading, benefiting from previously overcoming the negative pressure of EMA50. This gave it positive momentum that helped it break above a short-term descending corrective trendline, confirming the price’s intention to continue rising.

This outlook is supported by the emergence of positive signals from the relative strength indicators, despite reaching heavily overbought levels.

Brent crude oil price declined slightly during its recent intraday trading, as the price attempts to reduce some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals, to gather its positive strength again, supported by trading above EMA50, in addition to its movement along a main ascending trendline in the short term.