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Gold price declines alongside a bearish correctional trend line -Analysis-09-07-2025

Economies.com
2025-07-09 03:13AM UTC
AI Summary
  • Gold price continues to decline due to bearish correctional trend line and weakness in bullish momentum below EMA50
  • RSI indicators show positive overlapping after reaching oversold levels, temporarily calming the decline
  • Extra technical signals needed to support upcoming moves and limit losses on near-term basis

The (Gold) price continued its decline in its last intraday trading, affected by the dominance of the bearish correctional trend on the short-term basis and trading alongside a bias line, and the negative pressure remains valid due to the price stability below EMA50, indicating weakness in the bullish momentum.

 

On the other hand, the (RSI) indicators began showing positive overlapping after reaching oversold levels, assisting in calming the decline temporarily, and limiting the losses on the near-term basis, if there are extra technical signals to support the upcoming moves.

 

 

EURUSD attempts to offload its oversold conditions -Analysis-09-07-2025

Economies.com
2025-07-09 03:13AM UTC

The (EURUSD) declined slightly in its last intraday trading, with the continuation of the bearish correctional trend domination on the short-term basis, the price is under clear negative pressure due to its trading below EMA50, indicating the bullish momentum currently.

 

The negative signals on the (RSI) assisted in reinforcing the selling pressures, after the price success in offloading the clear oversold levels in the previous periods, opening the way for more correctional moves.

 

 

 

Evening update for Bitcoin (BTCUSD) -08-07-2025

Economies.com
2025-07-08 17:42PM UTC

The (BTCUSD) declined in the last intraday levels, attempting to gain a positive momentum that might assist it to rise again, leaning on the support of its EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI).

 

 

 

Evening update for crude oil -08-07-2025

Economies.com
2025-07-08 17:42PM UTC

The (crude oil) rose in its last intraday trading, amid the dominance of a minor bullish wave on the short-term basis, supported by its trading above its EMA50, this last rise came after its success in offloading its clear overbought conditions on the (RSI), to notice the beginning of positive overlapping signals on them, opening the way for achieving more of the gains.

 

 

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3290.420 (2025-07-09 12:25PM UTC)