The price of gold kept declining sharply on its last intraday levels, to break $4,700 support, which represents expected target in our previous analysis, amid the dominance of steep minor bearish wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure due to its trading below EMA50, intensifying the negative pressure with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

The price of EURUSD experienced fluctuating trading on its last intraday levels, amid its attempts to offload some of its clear oversold conditions from the relative strength indicators, especially with the emergence of the positive signals from them, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, especially with ist trading alongside trend line.

Ethereum (ETHUSD) experienced volatile intraday trading at its recent levels, as the price found support at EMA50 while testing a short-term minor ascending trend line. This provided some positive momentum, helping to halt the losses seen in yesterday’s session.

This recovery is further supported by the emergence of a positive divergence on the relative strength indicators, which reached heavily oversold levels, exaggerated compared to price action. This increases the likelihood of cautious rebounds in the near term.

Brent crude continued its upward move during recent intraday trading, breaking above the $106.00 resistance level, which had been a price target in our previous analysis. The main bullish trend dominates in the short term, with price movements aligned along a supporting trend line.

The pair also benefits from ongoing positive pressure as it trades above EMA50, while positive signals continue to appear from the relative strength indicators, despite reaching heavily overbought levels.