Gold declined during its latest intraday trading after the $4,100 resistance level limited the recent bullish attempts, accompanied by reaching EMA50’s resistance, which intensified selling pressure and forced the metal to reverse lower.

This comes amid the dominance of the main short-term bearish trend, while relative strength indicators show a bearish crossover, signaling the potential formation of a negative divergence that could increase selling pressure. These technical factors continue to support the bearish outlook, with the likelihood of extending the decline remaining intact unless gold manages to regain trading above key technical resistance levels.

The EURUSD pair continued to decline during its latest intraday trading, reinforcing the short-term bearish outlook as sellers remain dominant and recovery attempts continue to weaken.

This performance comes as the pair continues to trade below its EMA50, which represents dynamic resistance, accompanied by a break below a short-term corrective bullish trendline that ended the chances for a near-term recovery and restored momentum to the main bearish trend. In addition, relative strength indicators are generating fresh negative signals, reinforcing expectations of the selling pressures continuation and recording further losses in the near term.

Bitcoin (BTCUSD) rose in its last intraday trading, affected by the positive momentum that comes from the stability of the key support at $58,000, supported by the emergence of the positive signals from the relative strength indicators, as they entered overbought levels, as a clear signals for a quick fading for this momentum, keeping the negative threatens valid, especially with reaching EMA50’s resistance, amid the dominance of the main bearish trend on the short-term basis.

Crude Oil prices declined in their latest intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the dominance of the main bearish trend on the short-term basis, with the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which limits its downside moves in the near upcoming period.