Gold continued its fluctuated trading on its recent intraday levels, amid its attempts to gain new bullish momentum that might help it to recover and resume its profit wave in the upcoming period, after the recent dominant fluctuation.
This performance comes amid the continuation of the dynamic support that is represented by the trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive trend line, besides the emergence of the positive signals from the relative strength indicators, which might support the chances of gradual return to the upside.
The (EURUSD) price declined in its last intraday trading, after retesting 1.1615 resistance, where it failed to continue the rise, to enter new downside move that indicate the continuation of the selling pressure on short-term basis.
This decline comes after offloading some of its oversold conditions of the relative strength indicators, opening the way for renewing the negative pressure, amid the dominance of the bearish corrective trend and the trading within bearish channel’s range, besides the continuation of the dynamic pressure due to its trading below EMA50, which reinforces the stability of the bearish overview in the near period.
The (BTCUSD) price rose in its last trading on the intraday levels, offloading its overbought conditions on the relative strength indicators, preparing to attack $97,000 key resistance, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this trend.
The (crude oil) price continues the corrective decline on its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, looking for a rising low to take it as a base that might help it to gain the required bullish momentum for its recovery, approaching from leaning on its EMA50’s support, providing strong chance for its recovery.