The (Gold) price witnessed a slight improvement in its last intraday trading, after a previous bearish wave that has used to form a new base to the price to rise, this improvement came amid the dominance of the main bullish trend on the short-term basis, with the continuation of the trading alongside a minor bias line, reinforcing the chances for the recovery gradually.
Gold price gets technical support by its stability above the EMA50, besides signs for a positive divergence that begins to appear on the (RSI), after reaching exaggerated oversold levels, reinforcing the possibilities for resuming the rise, especially with the beginning of positive overlapping signals emergence on these indicators, easing the way for new bullish waves.
The (EURUSD) settled low in its last intraday trading, affected by the continuous technical pressure that is caused by its stability below EMA50, and the price moves within a bearish correctional channel that restricts its trading on the short-term basis, indicating the continuation of the bearish trend currently.
Despite the (RSI) reach a clear oversold level the negative signals remain emerging, indicating the possibility for the continuation of the technical weakness unless there are confirmed reversing signals that might turn the price to the bullish track.
The (BTCUSD) declined in the last intraday levels, to gather the gains of its last rises, attempting to gain a positive momentum that might assist it to recover and rise again, besides the attempt of offloading its clear overbought conditions on the (RSI), especially with the beginning of the negative signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The (crude oil) declined in its last intraday trading, affected by the stability of the critical resistance level at $68.00, attempting to gain positive momentum that might assist it to breach this resistance attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from them, to lean 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.