Gold witnessed slight decline in its recent intraday trading, gathering the gains of the previous strong rises, attempting to gather its bullish momentum, paving the way for a new rising attempt, after breaching key resistance at $4,245, which represents a potential target for our previous analysis.
Gold gets its current support by the continuation of its trading above its EMA50, reinforcing the positive pressure on the near-term basis, accompanied by the emergence of the positive signals on the relative strength indicators despite the overbought condition, and the bullish trend remains the dominant on the short -term basis, with the continuation of the trading alongside supportive minor trend line for this trend.
The (EURUSD) price declined in its last intraday trading, to gather the gains of its previous rises, after breaching the key resistance of 1.1725, which represents an expected target in our previous analysis. The price continues its attempts to gain bullish momentum to support its recovery, with the continuation of its attempts to reduce the volume of the clear overbought conditions on the relative strength indicators.
The price is under the dominance of main bullish movement on the short-term basis, amid the continuation of the trading alongside supportive trend line for the bullish track, despite the emergence of negative signals on the relative strength indicators, which might limit the rise temporarily until the price manages to reinforce its bullish momentum.
The (BTCUSD) price fluctuated in its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, accompanied by the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trend line for this trend, besides the emergence of positive overlapping signals, after reaching oversold levels compared to the price move.
The (crude oil) settles lower in its last intraday trading, breaking $57.65 support, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, with its trading alongside minor bearish trend line on the steep short-term basis.