The (Gold) rose in its last intraday trading, to get rid of the negative pressure of the EMA50, that restricted its trading in the last period. This rise came after offloading some of the overbought conditions on the (RSI), opening the way for resuming the rise.
Gold prices take advantage of the dominance of minor bullish wave on the short-term basis with its trading alongside a supportive bias line for this trend, reinforcing the chances for achieving more of the gains unless the current overbought momentum continues.
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The (EURUSD) rose in its last trading on its intraday levels, after offloading some of the overbought conditions on the (RSI), opening the way for resuming the rise, taking advantage of the continuation of the minor bullish wave dominance on the short-term basis, with its trading alongside a supportive bias line for this track.
The pair gets extra support from its stability above EMA50, reinforcing the possibilities for targeting new resistance on the near-term basis, especially if the current byuing momentum keeps supporting the bullish trading.
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The (BTCUSD) witnessed fluctuated trading on the last intraday levels, in attempt to gather the gains of its previous rises, attempting to gain positive momentum that might assist it to rise again, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short- term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals on the (RSI).
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The (crude oil) price kept declining in its last intraday trading, to break the support level at $62.00, amid the dominance of minor bearish wave on the short-term basis and its trading alongside supportive trend line for this track, despite the emergence of the positive signals on the (RSI), which attempts to offload the oversold conditions, indicating the strength and the dominance of the sellers on the price movement.
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