The (Gold) price suffered sharp losses in its last intraday trading, after breaking a minor bullish trend line on the short-term basis, opening the way towards more of the selling pressures, especially with the emergence of the negative signals on the (RSI).

This decline accelerated with breaking the support of its EMA50, to confirm the weakness of the positive momentum and ease the way towards more potential bearish moves on the near-term basis.

Therefore, our expectations suggest more of the downside movements in (Gold) prices in the upcoming intraday trading, especially if it remains stable below $3,280, to target the support at $3,210.

The expected trading range is between $3,210 support and $3,300 resistance.

Today’s forecast: Bearish

The (EURUSD) price declined lower in its last intraday trading, after surpassing the support of Its EMA50, which formed an extra negative pressure on the price, and that pushed it to break the minor bullish trend on the short-term basis, confirming a bearish bouncing signal.

This decline comes after offloading some of the price’s oversold levels on the (RSI), but the return of the negative signals reinforces the possibilities of the continuation of the bearish move in the upcoming movements.

Therefore, our expectations suggest more of the downside movements in (EURUSD) prices in the upcoming intraday trading, if it settles below the 1.1290 level, to target the support level at 1.1140.

The expected trading range is between 1.1140 support and 1.1290 resistance.

Today’s forecast: Bearish

The (BTCUSD) price declined in its recent intraday trading, breaking a minor bullish trend line on the short-term basis, accompanied by surpassing the support of its EMA50, which increases the negative pressure, on the other hand, we notice the beginning of forming a positive divergence of the (RSI), after reaching oversold levels, with the beginning of positive overlapping signals appearance on them.

The (crude oil) price rose in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), surpassing the resistance of the EMA50, and attacks the current resistance level at $62.00, amid the dominance of the bullish correctional trend on the short-term basis.