The (Gold) price rose in its last intraday trading, taking advantage of its lean on the support of EMA50, which helped to decelerate the previous bearish wave and provide a chance for the price to settle, accompanied by the emergence of positive overlapping signals on the (RSI), after reaching oversold levels.
These indicators reinforce the potential recovery attempts, especially with the continuation of the main bullish trend on the short-term basis, and the trading alongside a minor bias line that supports the bullish move, if the bullish momentum continues, we might witness a new bullish wave.
The (EURUSD) recorded a slight rise in its last intraday trading, in an attempt to recover some of its losses, accompanied by attempts to offload the oversold conditions that come from (RSI), and there are positive overlapping signals.
The pair faces technical pressures, due to the continuation of the trading below EMA50, and affected by the dominant bearish correction on the short- term basis, trading alongside a bias line, indicating the difficulty of this phase unless strong breaching signals appear.
The (BTCUSD) witnessed fluctuated trading in the intraday levels, amid its attempts to look for a rising low to take it as a base to help it gain positive momentum that assist it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the beginning of the positive signals on the (RSI), after reaching oversold levels.
The (crude oil) declined in its last intraday trading, despite the emergence of the positive signals on the (RSI), after reaching oversold levels, to indicate ending the bullish momentum, amid the continuation of the negative pressure due to its trading below EMA50, to confirm breaking a main bullish trend line on the short-term basis.