Gold price resumed its advance in latest intraday trading and breached the pivotal resistance of $3055, buoyed by the total dominance of the main upward trend as the price trades alongside the secondary trend line in the short term, with positive support due to trading above the 50-candle SMA.
It comes amid negative signals from the Stochastic after reaching overbought levels, which could hinder upcoming gains.
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Silver price edged higher in latest intraday trading after piercing the pivotal resistance of $34.00, amid the dominance of the main upward trend as the price trades alongside the trend line in the short term, with positive signals emerging from the Stochastic despite reaching overbought levels.
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US crude oil price edged higher in latest intraday trading, while readying to tackle the pivotal resistance of $70.00, amid the dominance of the upward correctional trend as the price trades alongside the trend line in the short term, while also buoyed by trading above the 50-candle SMA, with the latest gains achieved after gathering the positive momentum necessary for upcoming positive moves.
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Brent crude oil price kept rising in latest intraday trading, breaching the pivotal resistance of $73.60, while buoyed by trading above the 50-candle SMA, amid the dominance of the upward correctional trend in the short term, as the price moves alongside primary and secondary trend line, indicating the strength and dominance of this trend.
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