Gold declined in its last trading on the intraday levels, while gathering the gains after the previous strong rises, attempting to gain new bullish momentum that might help it recover and rise again, this decline comes amid clear attempts to offload some overbought conditions on relative strength indicators, especially with the emergence of negative signals from them.

The dynamic support remains valid with the trading above EMA50, which reinforces the stability and dominance of the main bullish trend on a short-term basis. The precious metal benefits from its trading alongside main and minor supportive lines for this trend, keeping the bullish scenario valid in the upcoming period. 

therefore, we expect gold to rise in upcoming intraday trading, conditioned by the stability of $4,700 support, to target the main resistance at $4,900.

The expected trading range is between $4,700 support and $4,900 resistance.

Today’s forecast: Bullish

The (EURUSD) price rose in its last intraday trading in attempt to look for higher low to take it as a base might help it gain the required bullish momentum for its recovery and rise again, supported by its continuous trading above EMA50, reinforcing the chances of stability and recovery on near-term basis.

Noticing that the relative strength indicators have reached oversold levels, exaggerated compared to the price move, to indicate forming positive divergence, this factor might support the bullish rebound scenario in the upcoming period, confirming it by bullish move.

The (BTCUSD) price declined in its last intraday trading, due to the stability of the key resistance at $90,000, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of steep minor bearish wave on short-term basis, amid the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions.

The (crude oil) price rose in its last intraday trading, reaching our morning suggested target at $60.50 resistance, supported by its continued trading above EMA50, under the dominance of the main bullish trend on short-term basis, besides the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains in the upcoming period.