Gold rose slightly in its recent intraday trading, taking advantage of the stability of the main support at $4,300, gaining initial bullish momentum that reinforce by its trading above EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this track.
The relative strength indicators reached exaggerated oversold levels compared to the price move, indicating a decline in the surrounding negative pressures, and supporting the chances of stability and recovery in the upcoming period.
The (EURUSD) price kept attempting to gain bullish momentum in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis, and the trading alongside supportive trend line, depending on the dynamic support that is represented by its trading above EMA50.
On the other hand, the relative strength indicators began sending negative signals after reaching overbought levels, which may limit the ability to achieve more gains in the near sessions, keeping its trading depending on the ability of the bullish momentum to rise.
The (BTCUSD) price declined in its last trading on the intraday levels, affected by breaking bullish corrective trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
The (crude oil) kept declining in its last intraday trading, after breaking the key support at $57.35, amid the dominance of the bearish trend line and its trading alongside steep minor trend line on the short-term basis that supports this bearish trend, with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.