Gold extended its losses during recent intraday trading, breaking $4,100 support level, which was our final downside target, reflecting continued selling pressure and increasing bearish momentum, pushing gold into a new phase of decline.

The drop came after the price eased part of its oversold condition on relative strength indicators, providing room for further downside without any strong signs of a trend reversal. With the main short-term bearish trend still in control, the likelihood of additional losses remains high, especially after the loss of a key support level that had previously limited selling pressure.

EURUSD declined in recent intraday trading after breaking below the 1.1390 support level, our final downside target. The break confirms continued selling pressure and bearish control, amid weak positive momentum.

The pair remains below its EMA50, which continues to support the short-term downtrend. However, relative strength indicators have entered oversold territory, which may slow further losses and allow for a corrective rebound or temporary consolidation before the next move.

Bitcoin witnessed limited gains in its latest intraday trading, due to the stability of the support level at $62,000, providing bullish momentum that supports the price attempt to recover some pf its oversold conditions on the relative strength indicators, especially with the beginning of positive overlapping signals emergence, affected by breaking bullish corrective trend line on the short-term basis.

Crude Oil declined in its last intraday trading, after offloading some of its oversold conditions on the relative strength indicators, opening the way for recording more losses in the near upcoming period, especially with the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis.