The (Gold) price declined in its last intraday trading, affected by the dominance of the bearish correctional trend on the short-term basis, with the continuation of moving alongside a bias line, which indicates a negative technical behavior currently, accompanied by the emergence of negative signals from the (RSI), which increased the selling pressures on the price.

This last decline has surpassed the support of EMA50, which intensified the strength of the decline and supported the negative overview in the upcoming period, with the absence of clear signs for a strong bottom that might support near potential rebounds.

The (EURUSD) declined in its last intraday trading, amid calm trading in tight sideways range trading, after a previous bullish wave that pushed the (RSI)indicators to overbought levels, causing the emergence of bearish signs that might push the price to decline temporarily to offload these conditions.

Despite this limited decline, the main bullish trend remains the dominant in the short- term basis trading, supported by its trading above EMA50, besides its move alongside a bullish bias line, we expect that the price may take advantage of this correctional momentum to gain new power that pushes it to resume the rise.

Due to low liquidity in global markets that comes from the Independence Day holiday in the United States, the same technical outlook from the morning analysis remains valid.

Calm moves in (Gold) price in its last intraday trading, settled above the support level of $3,330, taking advantage of the positive pressure that comes from its trading above EMA50, amid its affection by its exit for bearish correctional channel’s range that limited its previous trading on the short-term basis, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

Due to low liquidity in global markets that comes from the Independence Day holiday in the United States, the same technical outlook from the morning analysis remains valid.