The (Gold) price declined in its last intraday trading, affected by the stability of the main resistance at $3,700, stopping its rise temporarily, attempting to gain new bullish momentum that allows it to breach this barrier.
The price is working to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, reaching exaggerated oversold levels, which considers healthy signs of easing negative pressures and turning it into supportive buying strength, amid the continuation of the main bullish trend on the short-term basis, with the trading alongside supportive bias for this trend.
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The (EURUSD) declined in its last intraday trading, in a natural move to gather the gains of its previous rises, attempting to gain bullish momentum that might reinforce its stability in the upside. The pair attempts to offload the clear overbought conditions on relative strength indicators, especially after it showed negative overlapping signals, adding a healthy technical dimension to its movement.
The pair remains affected by the main bullish trend on the short-term basis, with the continuation of its trading alongside supportive trendline, besides the continuation of the positive pressure due to its trading above its EMA50, reinforcing the chances of the pair’s recovery.
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The (BTCUSD) price rose in its last trading on the intraday levels, taking advantage of the dynamic support that is represented by its trading above EMA50, with the emergence of the positive signals on the relative strength indicators, beside the dominance of the bullish correctional trend on the short-term trading, with its trading along supportive trendline.
The (crude oil) surged in its last intraday trading, to succeed in breaching the critical resistance level at $63.65, this level represents neckline for positive technical formation on the short-term basis, which is the double bottom pattern, supported by its trading above its EMA50, with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.