Gold prices (GOLD) continued their sharp decline during recent intraday trading, to break short-term bullish trend line, as negative technical signals that increased the selling pressures, accompanied by its trading below EMA0, which turned into dynamic resistance that reduced the chances of quick recovery on near period.

Despite these negative pressures, we notice positive overlapping signals on relative strength indicators after reaching oversold levels, this was reflected through intraday fluctuations, paving the way for temporary rebound or at least eases the extent of the losses in its upcoming trading.

Accordingly, we suggest a decline in gold prices during upcoming intraday trading, if it settles below $5,000, to target initial support level at $4,550.

The expected trading range is between $4,550 support and $5,000 resistance.

Today’s forecast: Bearish

The (EURUSD) price rose in its last intraday trading, benefited from its leaning on EMA50’s support, gaining bullish momentum that helped it to recover some of its previous losses, opening the way for temporary bullish moves.

At the same time, the price is attempting to offload its oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, which supports the bullish rebound scenario, but the rise remains limited due to the effect of breaking short-term bullish trendline, keeping cautious in control in the upcoming trading.

Therefore, we suggest a decline in (EURUSD)price’s upcoming intraday trading, if it settles below 1.1930 resistance, to target 1.800 support.

The expected trading range is between 1.1800 support and 1.920 resistance.

Today's forecast: Bearish

The (BTCUSD) price is experiencing fluctuating trading on its last intraday levels, attempting to recover some previous losses, and offloading its clear oversold conditions on relative strength indicators, especially with the emergence of the positive signals from there, amid the dominance of the main bearish trend on short-term basis with its trading alongside supportive trend line for this track, besides the continuation of the dynamic pressure that is represented by its trading below EMA50, reducing the chances of the price recovery on near-term basis.

The (crude oil) price rose in its last intraday trading, reaching the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside trend line, besides the emerging of positive signals from relative strength indicators, after reaching oversold levels, reinforcing the chances of extending its gains on near-term basis.