The price of gold rose in its recent intraday trading, as it leaned on the $3,200 support level, which provided some positive momentum and helped it achieve these gains, especially as positive signals began to emerge from the Relative Strength Index (RSI), after reaching areas of excessive overselling compared to the actual price movement. Accompanied by the dominance of the bullish trend on the short -term basis.
The silver price witnessed a slight decline in its recent intraday trading, amid the attempts to gain positive momentum that could help it recover and rise again. This comes under the influence of the bullish correctional trend on the short-term basis, and its trading alongside the trend line, accompanied by the positive signals from the Relative Strength Index (RSI), despite its stability in an overbought area.
Crude oil price (Crude Oil) stabilized with a slight upside in its recent intraday trading, amid its continuous attempts to gain positive momentum that may help it breach the key and stubborn resistance level at $61.50. This comes amid the dominance of a short-term bullish correctional wave, with the emergence of positive overlapping signals in the Relative Strength Index (RSI) indicators, after it succeeded in alleviating its overbought status.
Brent crude oil witnessed limited movement on its intraday levels, as the price attempts to gain positive momentum that may help it break through the key resistance level at $64.80. breaching this level would confirm the validity of a positive technical formation on a short- term basis, (an inverted head and shoulders pattern). If this breakout occurs, it will also indicate that the price has overcome the negative pressure from the EMA50, announcing its full recovery.