The (Gold) price rose in its last intraday trading, supported by the continuation of the positive pressure that comes from its stability above EMA50, amid the dominance of the short-term basis, and its trading alongside the bullish bias line that supports this positive technical momentum.
This rise reinforces the beginning of forming a positive divergence on the (RSI), after its decline in exaggerated oversold levels compared by the price move, with the emergence of positive overlapping signals on these indicators, reflecting the possibilities for the continuation of the recovery and targeting higher levels in the upcoming moves.
The (EURUSD) declined in its last intraday trading, to settle below the 1.1550 level, as a signal for the weakness of the bullish momentum after it failed to keep the gains of the previous period, this decline comes within the attempts in offloading the clear overbought conditions on the (RSI), especially with the emergence of negative signals.
The trading remains supported by the stability of the price above the EMA50, and the main bullish trend remains valid on the short-term basis, besides the pair’s trading alongside the bullish bias line, opening the way for potential recovery in case of the emergence of positive momentum signals.
The (BTCUSD) kept rising in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside a bias line, to succeed in its last trading to surpass the negative pressure of the EMA50, on the other hand, we notice the beginning of negative overlapping on the (RSI), after reaching overbought levels.
The (crude oil) begins to recover in its last intraday trading, to settle again above $70.00, amid the continuation of the positive pressure that comes from its trading above its EMA50, under the main bullish trend on the short-term basis on the short-term basis and its trading alongside a bias line, noticing the beginning of positive overlapping signals on the (RSI), after reaching oversold levels.