The (Gold) trading fluctuated on its last intraday levels, where it kept moving within minor bearish range on a short-term basis, indicating cautiousness and uncertainty, besides the continuation of the negative pressure due to stability below EMA50, which remains an obstacle against the price attempt to recover.
The (RSI) showed continued bearish signals, indicating the continuation of the seller’s dominance on the scene, increasing the possibility for the extension of the pressure towards new support levels unless showing strong rebound that changes the current technical image.
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The (EURUSD) continued its decline in its last intraday trading, to exit minor bullish channel’s range that supported its move in the last period on a short-term basis, accompanied by surpassing the EMA50 to the downside, reinforcing the negative pressure.
Noticing the emergence of the negative signals on the (RSI), despite reaching oversold levels, indicating the continuation of the selling momentum, this scenario might open the way for targeting new support levels unless the price manages to return to its balance.
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The (BTCUSD) rose in its last intraday trading, affected by the stability of the support level at$114,500, gaining positive momentum that helped it to recover some of its previous losses, and it is attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking a minor bullish trend line on the short-term basis.
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The (crude oil) witnessed mixed trading in its last intraday trading, amid the continuation of the key support level stability at $62.00, gaining some positive momentum besides the emergence of the positive signals on the (RSI), after reaching oversold levels, on the other hand, the negative pressure that comes from its trading below EMA50, and under the dominance of minor bearish wave on the short-term basis with its trading alongside a supportive bias line for this track.
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