The (Gold) price declined in its last intraday trading, after recording cautious gains in the previous sessions supported by the emergence of the positive signals on the (RSI), despite its stability in exaggerated overbought levels compared by the price move.
Despite this temporary technical support, the price remains suffering from clear negative pressure, due to its stability below EMA50, and under the effect of the bearish correctional trend on the short-term basis, with the continuation of its trading alongside a bearish bias, which confined its ability to achieve extra gains unless it reaches near critical resistance levels.
The (EURUSD) extended its gains in its last intraday trading, reaching our target at 1.1680, taking advantage of the ascending bullish momentum after offloading its clear overbought conditions on the (RSI).
This positive performance came under the dominance of the main bullish trend on the short-term basis, with the continuation of the trading alongside a bullish bias line, reinforcing the chance for resuming the rise towards higher resistance levels, unless anything appears to change the positive technical trend.
The (BTCUSD) declined in its last intraday trading, to gather the gains of its previous rises, and attempt to gain positive momentum that might assist it to recover and rise again, and the price attempts to offload some of its clear overbought conditions on the (RSI), especially, with the beginning of the negative signals from there, amid the dominance of the bullish correctional wave on the short-term basis.
The (crude oil) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), in attempt to recover some of its previous losses, amid the dominance pf the bearish correctional wave on the short-term basis, to notice the reach of the (RSI) to exaggerated overbought levels compared by the price move.