The (Gold) price declined in its last intraday trading, amid the dominance of the bearish correctional trend on the short-term basis, besides a continuous negative pressure comes from its move below its EMA50, this decline indicates the positive momentum especially with the price failure to return above the critical resistance at $3,260.
These pressures accompanied with clear negative signals that appear on the (RSI), after reaching overbought levels, reinforcing the possibilities of the continuation of decline in the upcoming trading unless breaching the mentioned resistance and regaining its bullish momentum.
The (EURUSD) price declined in its last intraday trading, in order to gain positive momentum that might help it to recover and rise again, attempting at the same time to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals.
This comes with the pair’s trading above its EMA50, which creates a dynamic support that supports the bullish track, amid the dominance of the main bullish trend in the short term and its trading alongside a bias line.
The (Bitcoin) price jumped higher in its recent intraday trading, due to its lean on the support of its EMA50, providing positive momentum that assisted it to achieve this gains, to get ready to attack its current resistance at $106,000, with the emergence of the positive signals on the (RSI), after reaching oversold levels.
The (crude oil) price rose in its recent intraday trading, due to its lean on the support of its EMA50, accompanied by testing a bullish correctional bias line on the short-term basis, besides its success in offloading its overbought conditions that appear clearly on the (RSI), providing larger space for achieving more of the gains.