Gold prices (GOLD) surged high during recent intraday trading, to keep recording new record highs, after breaching the expected target in our previous analysis at $5,400 resistance, this strong performance comes amid the main bullish trend on short-term basis, with the trading alongside supportive minor trendline for this track.
Despite the negative signals emerging from relative strength indicators after reaching sharp overbought levels, the price kept its rise as clear signals for the strength of the dominant bullish momentum.
The (EURUSD) price rose in its last intraday trading, supported by the stability of 1.1900 key support, gaining bullish momentum that helped it achieve these gains, amid the continuation of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this trend.
Noticing the emergence of positive divergence by the relative strength indicators, after reaching sharp oversold levels compared to the price move, with the emergence of positive signals from there, reinforcing the chances of the rise continuation in the near period.
The (BTCUSD) price continues its fluctuating trading on its last intraday levels, taking advantage of the dynamic support that is represented by its trading above EMA50, on the other hand, the price remains under negative pressure due to the emergence of negative signals from relative strength indicators, after reaching overbought levels, with its trading alongside bearish trend line on a short-term basis.
The (crude oil) price declined in its last intraday trading, after reaching our morning expected target at $63.00 resistance, attempting to gain bullish momentum that might help it to breach this resistance, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track.