Gold price rose in its last intraday trading, affected by breaching minor bearish corrective trend line on the short-term basis, with the emergence of the positive signals from the relative strength indicators, to surpass the negative pressure of the EMA50, announcing its full recovery, intensifying the chances of extending its gains in the upcoming near period.
The EURUSD pair keeps its gains during its recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators, reaching overbought levels, which might limit the gains in the near upcoming period, as it faces strong key resistance, represented by its EMA50, with the dominance of the bearish correction trend on the short-term basis.
Ethereum (ETHUSD) advanced during its recent intraday trading after touching our last projected target at 2,055$, gaining positive momentum that supported the recent upward move. This rebound has also triggered early signs of a positive crossover on the relative strength indicators after the price worked off previous overbought conditions, potentially allowing further short-term gains.
On the other hand, downside pressure continues to trade below its EMA50, which reinforces the dominance of the short-term bearish trend and may limit the attempts of extending the gains.
Brent Crude Oil declined during its recent intraday trading, affected by a prior break below a major short-term ascending trend line. The continued pressure from trading below its EMA50 is limiting any sustainable recovery in the near term, while the price has also broken the 99.00$ support level, which had previously been our downside target.
Relative strength indicators are sending negative signals after offloading oversold conditions, increasing downside pressure in the current market structure.