Gold price declined in its latest intraday trading, surpassing the key support level at $4,300, which was our price target in our previous analysis, amid the emergence of the negative signals around the price, especially with the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reinforces the dominance and stability of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line.
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The EURUSD pair deepened its losses in its latest intraday trading, after breaking 1.1575 support level, which was our morning expected target, amid the dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, with a continued dynamic negative pressure due to its trading below EMA50, reducing the chances of its full recovery on the near-term basis, especially with the emergence of the negative signals from the relative strength indicators.
MoreThe NZDCAD continued forming bearish trading, providing new negative close below the broken support at 0.8075, to form an extra barrier against the negative attempts, reaching 0.8020 caused by the continuation of providing negative momentum by the main indicators, which makes us suggest more of the negative attempts, which might target 0.7985 level reaching 0.7935.
MoreDespite the weakness of natural gas price’s last trading, its stability above the support level of $2.620 makes us keep the bullish trend, to notice its rally to settle near $2.880 level.
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