The (Gold) price declined in its last intraday trading, in a correctional move to gather the gains of the previous bullish wave, attempting to offload the clear overbought condition on the (RSI), especially with the beginning of a negative overlapping signal appearance on them, which might limit the bullish momentum temporarily.
Despite this decline, Gold remains technically supported by its trading above EMA50, which forms an important dynamic support, besides its success previously to exit a bearish channel’ range, reinforcing the chances for regaining the bullish trend, in case gathering positive momentum.
The (EURUSD) price rose slightly in its last intraday trading, amid the attempt to gather the gains of its last strong rises, and it attempts to offload some of the clear overbought on the (RSI), especially with the emergence of negative overlapping signals, suggesting potential temporary calmness in the bullish momentum, to begin a new strong bullish wave.
Supported by its trading above EMA50, and under the bullish trend dominance and its trading alongside a minor bias line on a short-term basis, which keeps the chances of resuming the upside track valid if the price gathers its positive strength again.
The (BTCUSD) declined in its last intraday trading, after it failed to get rid of its negative pressure on the EMA50, which represented a dynamic obstacle against the rise attempts, to surpass the main bullish trend line on the short-term basis, with the beginning of negative overlapping signals appearance on the (RSI), preparing to break the key support level at $106,550.
The (crude oil) declined in its last intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels, to surpass the support of its EMA50, which put it under extra negative pressure which led it to break a bullish correctional trend line on the short-term basis, announcing the end of a potential temporary rise.