The (Gold) price rose in its last trading on the intraday levels, taking advantage of the stability of the main support at $4,200 that formed a solid base for the return of the bullish momentum, this rise was supported by the continuation of its trading above EMA50, reinforcing the stability of the main bullish trend on the short-term basis, especially with its trading alongside supportive minor trendline.
Noticing the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, which suggest forming bullish divergence that might push the price to continue its gains in the upcoming trading.
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The (EURUSD) price settled with slight decline in its recent intraday trading, after series of declines due to the stability of the key resistance at 1.1730, the pair is attempting to look for higher low to form a new base to rally and recover gradually.
This comes amid the continuation of the dynamic support that comes from its trading above EMA5, and the bullish corrective trend remains the dominant on the short-term basis, with the relative strength indicators reaching sever oversold levels compared to the price move, which suggest forming a positive divergence that might pave the way for a new bouncing move.
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The (BTCUSD) price rose in its recent intraday trading, due to the stability of $105,000 support, to attempt to recover some of its previous losses, and it attempts to offload the oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the continuation of the negative pressure on the EMA50, and under the dominance of the bearish trend on the short-term basis.
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The (crude oil) settled high in its last intraday trading, after offloading previous losses, and offloading its oversold conditions on the relative strength indicators, amid the dominance of the main bearish trend on the short-term and its trading alongside supportive trendline for this track.
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