Gold managed to reduce its losses that occurred at the beginning of the week, benefiting from its stability on EMA50’s support, which provided dynamic support that helped it recover some positive momentum and pushed it to rebound quickly.

There is negative pressure after exiting bearish corrective channel’s range that was organizing its moves on the short-term basis, besides the negative signal’s emergence from the relative strength indicators, which might limit the recovery chances and keep the likelihoods of moving lower in the near upcoming trading.

The (EURUSD) slipped lower at the beginning of this week’s trading, recording bearish price gap that led to breaking technical formation on an intraday basis, represented by a rising wedge pattern, indicating the selling pressures. This movement was accompanied by negative divergence emergence on the relative strength indicators, which confirmed by the negative signals’ appearance, reinforcing the likelihoods of continuing the bearish pressure in the near period.

Despite this negativity, there are some supportive factors that remain valid, where the price continues its trading above EMA50, which represents key dynamic support, besides the continuation of the bullish corrective trend and the trading alongside supportive trend line.

Bitcoin’s price has extended its gains during recent intraday trading, confirming a breakout above the key resistance level at $71,500.

The price remains supported by continued trading above EMA50, alongside a short-term bullish wave, moving alongside a bullish trendline that reinforces this positive structure. on the other hand, negative signals are beginning to appear on relative strength indicators after reaching overbought levels, which limited the recent upside momentum.

Crude oil prices witnessed choppy and sideways intraday trading, while remaining stable below the key resistance level at $94.70, with the continuation of the negative pressure as it trades below EMA50, which reduces the chances of a near-term recovery, especially with a short-term corrective bearish wave dominance. On the other hand, early positive signals are starting to emerge from relative strength indicators, providing the price with some temporary support and mild bullish momentum.