The (Gold) price declined in its last intraday trading, after hitting the main resistance level at $3,400, which represents our potential target in our previous report. This decline came due to the stability of this resistance, attempting to gain positive momentum that might allow it to breach this level.
At the same time, gold price attempts to offload the clear overbought condition on the (RSI), especially with the beginning of negative signals, despite the continuation of the minor bullish wave on the short-term basis, indicating the strength of the dominant positive trend until now.
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The (EURUSD) settled with strong gains in its last intraday trading, attacking the stubborn significant resistance at 1.1670, amid the dominance of strong bullish wave on the short-term basis, supported by its trading above EMA50, indicating the continuation of the positive momentum.
This trend is supported by the bullish overlapping signals on the (RSI), after offloading the overbought condition, opening the way for achieving more of the gains on the intraday basis, waiting for clear breach for the resistance to open the way for higher targets.
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The (BTCUSD) rose in its last intraday trading, in attempt to gain positive momentum to help it to achieve strong bullish wave, amid the continuation of the positive support that comes from its trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides the emergence of the positive signals on the (RSI), after its success in offloading its overbought conditions.
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The (crude oil) price declined in its last intraday trading, preparing to break the current support level at $63.35, after its success in its previous trading in offloading some of its clear oversold conditions on the (RSI), increasing the negative pressure to record more of the losses on the near-term basis, amid the dominance of minor bearish wave on the short-term basis.
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