The (Gold) price rose in its last intraday trading, taking advantage of the stability of the support at $3,310 previously, gaining positive momentum that assisted it recover some of its previous losses, and the price remains under negative pressure due to the continuation of the trading below its EMA50, besides its affection by surpassing bullish channel’s range that supported its previous trading on the short-term basis.
The (RSI) reached exaggerated oversold levels, which provides strong chances for forming negative divergence that might limit the gains and increase the possibilities for facing new bearish wave in the upcoming period.
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The (EURUSD) rose in its last intraday trading, taking advantage of the stability of the critical support level at 1.1555, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, which prevented the price from recovering its previous losses, despite its affection by breaking a main bullish trend line on the short-term basis.
The negative pressure remains valid due to the continuation of its trading below EMA50, forming an extra load that might limit the chances of a strong recovery in the near-term basis, any potential rise needs confirmation for breaching significant resistance levels.
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The (BTCUSD) price declined in its last intraday trading, in attempt to gain a positive momentum that might assist it to recover and rise again, to lean on the support of its EMA50, this comes amid the price affection by positive technical formation on the short-term basis, which is represented by the falling wedge’s pattern, supporting the stability of the positive track for the price on the near-term basis.
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The (crude oil) expanded its gains in its last intraday trading, affected by breaching the resistance level at $66.55, with the continuation of the dynamic and positive support that is represented by its trading above EMA59, the price is also affected by breaching a minor bearish trend line on the short-term basis, with the emergence of the positive signals on the (RSI), despite its stability in overbought levels.
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