The (Gold) price extended its gains in its last intraday trading, to settle above $3,850 resistance, confirming the continuation of the bullish trend on the short-term basis, keeping the trading alongside supportive trend line.
This momentum reinforces the continuation of the positive pressure that comes from its stability above EMA50, accompanied by the emergence of the positive signals on the relative strength indicators, after its success in offloading its overbought conditions, opening the way fpr achieving more of the gains during the near-term basis.
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The (EURUSD) declined in its last intraday trading, affected by the continuation of the negative pressure that comes from its stability below its EMA50, with its trading under the dominance of bearish correction wave on the short-term basis, besides its trading alongside supportive trend line for the track.
Noticing the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, reinforcing the chances for the continuation of the pressure on the near-term basis.
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The (BTCUSD) price began to recover in its last intraday trading, supported by its continuous trading above EMA50, providing renewed positive momentum, after offloading the overbought condition onto the relative strength indicators, opening the way for achieving more of the gains in the upcoming period.
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The (crude oil) continued the decline in its last intraday trading, despite the emergence of positive signals for the relative strength indicators, after reaching oversold levels, causing fluctuated trading, amid the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of the price recovery in the upcoming period.
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