Gold price kept rising in latest intraday trading after marking considerable profits yesterday for the fourth straight session, the longest such streak of gains for four months, amid the complete 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 settling at overbought levels, as the price also benefits from continuous trading above the 50-candle SMA.
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Silver price rose in latest intraday trading, benefiting from positive support as positive signals emerge from the Stochastic after reaching oversold levels, amid the dominance of the main upward trend as the price trades alongside the trend line, while also trading above the 50-candle SMA, granting the price additional positive momentum.
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US crude oil price kept rising in latest intraday trading, after considerable gains yesterday that pushed the price to February highs, while buoyed by the dominance of the upward correctional trend in the short term as the price trades alongside the trend line, with positive support due to trading above the 50-candle SMA.
However, we’re noticing a slowdown in the pace of gains in latest intraday trading due to profit-taking, while the price tries to vent off overbought saturation from the Stochastic, as negative signals emerge from it.
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Brent crude oil price surged in latest intraday trading, amid the dominance of the upward correctional trend in the short term as the price trades alongside the trend line, while boosted by positive signals from the Stochastic despite reaching overbought levels, thus tackling the current resistance of $74.70 after a nearly uninterrupted series of gains.
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