Gold price rose in latest intraday trading, boosted by a technical pattern that’s complementary to the main upward trend, the Flag pattern, while trading alongside the secondary short-term trend line, with positive signals from the Stochastic, coupled with ongoing positive support due to trading above the 50-candle SMA.
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Silver price fell in latest intraday trading, while still leaning on the main upward trend line in the short term, coinciding with also leaning on the support of the 50-candle SMA in an attempt to gather positive momentum to rebound and rise anew.
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US crude oil price tumbled in latest intraday trading and trespassed the support of the 50-candle SMA, leaning on the support of the ascending correctional price channel, which limited recent short-term trading, thus readying to breach it, especially with negative signals emerging from the Stochastic.
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Brent crude oil price skidded in latest intraday trading after the resistance of $74.70 held on, thus trespassing the support of the 50-candle SMA and doubling negative pressures on upcoming trading, especially with negative signals emerging from the Stochastic after the price managed to vent off oversold saturation there.
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