Gold prices (GOLD) rose during recent intraday trading after offloading the clear overbought conditions shown by the relative strength indicators. The indicators have now moved into deep oversold territory relative to price action, providing renewed positive momentum that supported this advance and pushed prices closer to targeting new historic resistance levels.

This positive performance comes amid the continuation of dynamic support, with gold trading above EMA50, under the dominance of the main bullish trend on short-term basis, with its move alongside supportive trend line for this trend, reinforcing the chances of the gain’s continuation in the upcoming sessions.

The (EURUSD) price witnessed fluctuated trading on its last intraday levels, to settle above 1.1865 resistance, taking advantage of the dynamic support due to its trading above EMA50, which reinforces the stability and dominance of the main bullish trend, especially with its trading alongside supportive minor trend line on short-term basis.

On the other hand, we notice the negative signals emerging from relative strength indicators, which confined the ability of extending its last gains, indicating a possibility of entering fluctuating wave or limited correction on intraday basis, without affecting negatively on the dominant bullish trend.

The (BTCUSD) price rose in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, to reach exaggerated overbought levels compared to the price move, indicating a decline on the bullish momentum, to retest the key resistance at $88,00, amid the continuation of the negative pressure due to its trading below EMA50, with its trading alongside bearish trend line on the short-term basis.

The (crude oil) price settles on a decline in its last intraday trading, amid the emergence of negative signals on relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that might help it to recover and settle again, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability of the main bullish trend on a short-term basis, especially with its trading alongside trendline.