The (Gold) price declined slightly in its last intraday trading, affected by the stability of the key resistance at $4,378, which represents our expected target in our previous analysis, the price attempts to gain some bullish momentum to help it breach this resistance and resume recording new all-time highs in the near-term basis.
At the same time, the price is attempting to offload its overbought conditions on the relative strength indicators, and the negative pressure remains valid due to its trading above its EMA50, besides the dominance of the main bullish trend and its trading alongside supportive trend line for this track.
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The (EURUSD) price settled low in its recent trading on the intraday levels, amid its repeated attempts to form a rising low that may form a base to regain its bullish momentum, amid the continuation of the dynamic support that comes from its trading above its EMA50, with the stability of the pair within bullish corrective wave on the short-term basis.
On the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels, which suggest forming positive divergence that may reinforce the recovery chances in the upcoming trading.
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The (BTCUSD) price rose in its recent trading on the intraday levels, supported by its trading above EMA50, under the dominance of bullish corrective wave on the short-term basis, on the other hand, we notice the emergence of negative crossover on the negative strength indicators, after reaching overbought levels, which reduced the last gains of the price.
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The (crude oil) rose in its last trading on the intraday levels, due to the stability of the current support level at $56.35, gaining some positive momentum that helped it to achieve these slight gains, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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