Gold rose in its recent intraday trading due to the stability of the support level at $4,600, which represented another target in our previous analysis, gaining bullish momentum that helped it to achieve these gains, to recover some of its previous losses, accompanied by its attempts to offload the oversold levels on the relative strength indicators, especially with the emergence of positive signals from them.

Despite the negative pressure due to the trading below EMA50, which reinforces the dominance and stability of the bearish trend on short-term basis and limits the chances of full recovery in the near period.

Therefore, we suggest a decline in gold during upcoming intraday trading, if $4,800 resistance level remains stable, targeting the support level at $4,600.

The expected trading range is between $4,600 support and $4,800 resistance.

Today’s forecast: bearish

The EURUSD declined slightly during its latest intraday trading, in a corrective move to take profits from previous gains, in attempt to gain positive momentum that might support resuming the rise, attempting to offload some of the overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, despite breaching the top level of the positive technical formation on the short-term basis that is represented by the bearish wedge pattern.

This coincides with continued dynamic support as the pair trades above its EMA50, reinforcing the chances of maintaining positive momentum and extending gains in the upcoming period.

Based on the above, we suggest a rise in EURUSD’s price upcoming intraday trading, especially if it remains stable above the 1.1530 support level, targeting the key resistance level at 1.1655.

The expected trading range is between 1.1520 support and 1.1655 resistance.

Today's forecast: Bullish

The price of (ETHUSD) kept declining in its last intraday trading, to break a minor bullish trend line on short-term basis, which puts it under negative pressure after offloading some of its oversold conditions on the relative strength indicators, indicating a clear signals for the strength and volume of the negative momentum, to lean on its EMA50, as a last chance for gaining some bullish momentum that might push it to rebound.

Brent prices declined in their last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the main bullish trend on short-term, with its movement alongside supportive minor trend line for this path.