Gold prices (GOLD) declined during recent intraday trading, to settle below $5,000 key resistance, amid the failure to regain the psychological barrier. This comes amid the dominance of short-term bearish corrective wave, which limits the chances of quick recovery in the current period.

These negative pressures increased with the trading below EMA50, which represents an extra dynamic resistance, accompanied by the negative signals from relative strength indicators, after reaching overbought levels, reinforcing the likelihoods of the decline continuation or entering negative fluctuating move on the near-term basis.

The (EURUSD) price declined in its last intraday trading, approaching breaking the key support at 1.1800, as a signal for increasing the selling pressure on short-term basis. This decline comes amid the dominance of bearish corrective wave that limits the recovery attempts and press on the current trading.

These pressures increase with the continuation of the trading below EMA50, which represents a dynamic resistance that reinforces the negativity, accompanied by the emergence of negative signals from relative strength indicators, preferring the possibility of breaking the mentioned support if the negative momentum continued in the upcoming trading.

The (BTCUSD) price rose slightly in its last intraday trading, due to the stability of the key support at $74,000, gaining bullish momentum that helped it to achieve these cautious gains, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the main bearish trend on short-term basis, noticing the beginning of negative overlapping signals emergence from relative strength indicators.

The (crude oil) price rose in its last intraday trading, after its leaning on EMA50’s support, gaining some bullish momentum that helped it achieve these gains, preparing to reach the current resistance at $63.50, taking advantage of its trading alongside bullish trend line on short-term basis, besides offloading its overbought conditions on relative strength indicators, opening the way for extending the gains in the intraday basis.