The (Gold) price continued rising in its last intraday trading, recording new all-time highs in every bullish wave, to reach $4,130 resistance, which represents our expected target in our previous analysis.
This rise was supported by the continuation of its trading above EMA50, reinforcing the strength of the main bullish trend on the short-term basis and its trading alongside supportive trendline, besides the emergence of negative signals on the relative strength indicators after reaching exaggerated overbought levels, which suggests beginning a profit taking phase or temporary fluctuated correction before resuming the bullish trend again.
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The (EURUSD) price fluctuated with weak moves in its recent intraday trading, amid the continuation of the main bearish trend on a short-term basis, and its trading alongside trendline that reinforces this negative track.
Accompanied by the continuation of the pressure due to the trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, indicating the weakness of the buying powers and they have no ability to change the main trend until now.
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The (BTCUSD) price declined in its recent intraday trading, amid the dominance of bearish wave on a short-term basis, affected by the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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The (crude oil) witnessed fluctuated trading in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside steep bearish trendline, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of the positive signals on the relative strength indicators, after reaching oversold level previously.
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