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Gold Price Prepares to Break Our Target Level – Analysis – 18-05-2026
Gold price recorded new losses at the start of the trading week, declining toward the $4,500 support level in preparation for a possible break below it. This level was a price target in our earlier analyses, reflecting the continued strength of selling pressure and the dominance of the short-term bearish corrective trend.
This decline comes as the price continues to trade below EMA50, which continues to create negative and dynamic pressure, reinforcing the current bearish outlook. This is especially evident after the price succeeded in easing part of the oversold conditions shown by the relative strength indicators, giving the market technical room that may allow for further losses in the near term.
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EURUSD Price Continues to Decline – Analysis – 18-05-2026
The EURUSD continued to decline during its recent intraday trading, amid the dominance of the short-term bearish corrective trend, with the trading below EMA50, which continues to exert negative and dynamic pressure, reinforcing the current bearish outlook and limiting the chances of a quick recovery.
MoreEvening update for Bitcoin -15-05-2026
Bitcoin (BTCUSD) remains under sharp losses during recent intraday trading, after breaking below its EMA50, which exposed the price to increased negative pressure and led to deeper losses. The cryptocurrency also broke a major short-term upward trendline, reducing the chances of a near-term recovery, especially amid continued negative signals from the relative strength indicators after reaching heavily overbought levels.
MoreEvening update for crude oil -15-05-2026
Crude oil prices edged slightly lower during recent intraday trading, as the market took profits following previous gains. The price is attempting to build positive momentum that could support the continuation of its strong gains in the near term. It is also trying to ease some of the clear overbought conditions shown on the relative strength indicators, especially as a negative crossover started to appear. At the same time, dynamic support remains intact, with prices continuing to trade above EMA50, while the main short-term trend remains bullish.
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