The (Gold) price rose in its last intraday trading, due to its lean on the support of EMA50, providing some positive momentum, accompanied by reaching the current support at $3,330, after its decline in yesterday’s trading, in attempt to gain the required momentum to return to the bullish track again, especially with its exit from the range of a bearish correctional channel that limited its previous trading on the short-term basis.

Noticing the reach of the (RSI) to exaggerated oversold levels, which reinforces the possibilities for a bullish technical rebound in the upcoming intraday basis.

Therefore, our expectations suggest a rise in the (Gold) prices in the upcoming intraday trading, if it settles above $3,330 to target the resistance level of $3,390. 

The expected trading range is between $3,295 support and $3,390 resistance.

Today’s forecast: Bullish

The (EURUSD) rose in its last intraday trading, taking advantage of its bullish rebound from the critical support at 1.1745, which stopped the last decline, supported by the momentum that comes from the price stability above EMA50, which indicates the continuation of the dynamic support for the price move.

Offloading the overbought conditions that appear on the (RSI) assisted to open the way for the bullish move, reinforcing the possibility for the continuation of the gains in the upcoming moves, affected by the effect of the main bullish trend on the short-term basis, and its trading alongside w bias line that indicates the strength of the bullish trend.

Therefore, our expectations for the (EURUSD) suggest a rise in the intraday levels, conditioned by its stability above the support of 1.1745, to target the resistance at 1.1880.

The expected trading range is between 1.1700 support and 1.1880 resistance.

Today’s forecast: Bullish

The (BTCUSD) declined in the intraday levels, due to the stability of the critical resistance level at $110,500, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line.

The (crude oil) declined in its last intraday trading, attempting to gather a positive momentum that might assist it to rise again, and attempts to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from them, this comes amid the continuation of the dynamic support that is represented by its trading above EMA50.