The (Gold) price declined in its recent intraday trading, amid its stability below $3,260, which indicated the continuation of the bearish correctional trend on the short-term basis, where the price moves alongside minor bias line, facing extra pressure due to its stability below its EMA50, which reinforces the weakness on the bullish momentum temporarily.

A negative divergence is forming on the (RSI) after exaggerated overbought condition compared by the price move, accompanied by the appearance of negative overlapping signal that might be an early sign for a potential decline in the upcoming trading.

Therefore, our expectations suggest moving lower in gold price’s upcoming trading, if its settles below $3,260, especially if it returns to settle below the main support at $3,200, to target the critical support at $3,150. 

The expected trading range is between $3,180 support and $3,260 resistance.

Today’s forecast: Bearish

The (Crude oil) price settled upside in its recent intraday trading, in attempt to return to settle above $61.25, indicating the attempts to surpass this key technical barrier, this comes amid the continuation of trading above its EMA50, providing dynamic support that reinforces the stability of the trading on a short-term basis.

This bullish movement gains more strength by the emergence of the positive signals on the (RSI), accompanied by the stability of the price under a bullish correctional trend on the short-term basis, which supports the continuation of the rise if the price manages to settle in its upcoming trading.

Therefore, our expectations suggest the rise for crude oil upcoming trading, if the price returns to settle above $61.25, to open the way towards achieving more of the gains, to target the critical resistance at $64.75.

The expected trading range is between $60.00 support and $62.90 resistance.

Today’s forecast: Bullish

The (EURUSD) price rose in its recent intraday trading, amid the price’s trading with a bearish correctional channel’s range, which indicates the continuation of the negative pressure on the price, and reinforcing the continuation of the trading below the EMA50, besides the continuous bullish signals from the (RSI), especially after the price success to offload some of its previous oversold conditions.

These moves come with price stability below the critical resistance level at 1.1250 that represents 38.2% Fibonacci correction level for the extended bullish wave from 1.0730 to 1.1572.

Therefore, our bearish scenario remains valid in the upcoming intraday trading, if the resistance settles at 1.1250, targeting the support at 1.1150 that represents 50% Fibonacci correction level, preparing for breaking it.

The expected trading range is between 1.1090 support and 1.1250 resistance.

Today’s forecast: Bearish

The price of Bitcoin (BTCUSD) recovered in its last intraday trading, affected by the stability of the support level at $102,000, providing a positive momentum that assisted it to achieve strong gains, accompanied by its lean on the support of its EMA50, with the emergence of the positive signals on the (RSI), after reaching oversold levels.