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Gold attacks main resistance -Analysis-21-05-2025
The (Gold) extended its gains in its last intraday trading, taking advantage of its stability above its EMA50, and its trading alongside a minor bullish bias line on the short-term basis, reinforcing the ability to reach the main resistance level at $3,300, in order to breach it.
There are weak signals that appear on the technical indicators, we notice forming negative overlapping signals on the (RSI), after reaching overbought levels, which indicates the neediness for a temporary calmness on the upside moves, therefore, gold decreased some of its early losses, waiting for a clearer signal for the continuation of the bullish track.
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EURUSD extends its gains -Analysis-21-05-2025
The (EURUSD) continued its rise in its last intraday trading, the bullish trend dominates the short-term basis, supported by the trading alongside the bullish bias line, with its stability above its EMA50, which suggests the continuation of the positive momentum.
MoreEvening update for crude oil -20-05-2025
The (crude oil) price rose in its last intraday trading, after leaning on a bullish correctional bias on a short-term basis, accompanied by its lean on the EMA50, providing positive push that assisted it to achieve the intraday gains.
MoreEvening update for Bitcoin -20-05-2025
The (Bitcoin) price jumped higher in its last intraday trading, to attack the key resistance at $106,000, supported by its continuous trading above its EMA5A0, the rise of the price came due to its success to offload some of its clear overbought conditions on the (RSI), providing larger space for achieving more of the gains.
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