The (Gold) price rose in its last intraday trading, supported by its stability above EMA50, reinforcing the strength of the dominant bullish track on its moves, taking advantage of its trading alongside a minor bias line, that indicates the strength of the dominant bullish trend on the short-term basis.
The (RSI) show supportive signs, after forming positive divergence that reinforces the possibility of the continuation of the rise, the combination between the technical momentum and the dynamic support might provide extra space for recording new records in the upcoming period.
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The (EURUSD) rose in its last intraday trading, supported by positive signs from the (RSI) after reaching oversold levels, providing bullish momentum supported it to test the critical resistance at 1.1660, accompanied by hitting the EMA50, as a sign for its attempt to get rid of the negative pressure.
Despite this intraday recovery, the price remains moving in sideways range on the short-term basis, looking for clearer trend for the upcoming period, breaching the current resistance might open the way for a new bullish wave, while the failure in breaching it might turn the selling pressure back again.
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The (BTCUSD) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), surpassing the support of its EMA50, putting it under intensified negative pressure that ends the chances of the price recovery on the intraday basis, amid the dominance of the main bearish trend on the short-term basis.
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The (crude oil) rose strongly in its last intraday trading, due to the stability of the of the support level of $62.85, providing some bullish momentum to attempt to recover some of its previous losses, attempting to offload some of its clear oversold level on the (RSI), especially with the emergence of the positive signals from there, affected by breaking bullish correctional trend line previously on the short-term basis.
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