Gold kept rising in its last intraday trading, to breach the historical resistance of $5,000 for the first time ever, confirming the strength of the dominant bullish momentum amid its stability above EMA50, which represents key dynamic support that reinforces the dominance of the main bullish trend on short-term basis.
The price get extra support by the positive signals’ emergence from relative strength indicators, after offloading its overbought conditions, opening the way for extending its intraday gains, and opens the way for targeting higher levels in the upcoming period, with the possibility of natural fluctuations emerging because of limited profit-taking, without undermining the bullish trend.
The (EURUSD) price surged high in its last intraday trading, supported by breaching 1.1800 key resistance, confirming the strength of the dominant bullish momentum, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trendline for this trend.
The price benefits from the continuation of the dynamic support due to its trading above EMA50, reinforcing the chances of profit’s stability, especially with the emergence of positive signals from relative strength indicators, despite its stability within overbought levels, which might impose temporary calmness on the upside track without effecting the main trend.
The (BTCUSD) price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, amid the continuation of negative pressure due to its trading below EMA50, affected by breaking main bullish trend line on short-term basis previously, these signals may extend the pressure on the price on the intraday basis.
The (crude oil) price settles on clear gains in its last intraday trading, breaching the key resistance at $60.5, supported by the emergence of positive signals from relative strength indicators, despite reaching overbought levels, with the continuation of positive pressure due to its trading above EMA50, under the dominance of the main bullish trend on short-term basis.