Gold settled lower in its recent intraday trading, affected by the stability of the stubborn resistance at $4,245, pushing the price to settle lower temporarily, accompanied by the emergence of the negative signals on the relative strength indicators after reaching exaggerated overbought levels.
On the other hand, the price attempts to gather bullish momentum by leaning on EMA50’s support, amid the continuation of the main bullish trend dominance on the short- term basis, and its trading alongside supportive trend line, keeping the chances for breaching the resistance valid in the upcoming sessions.
The (EURUSD) price rose in its last intraday trading, taking advantage of its lean on the key support at 1.1630, gaining bullish momentum that helped to return its bullish momentum, amid the dominance of bullish corrective wave on the short-term basis, and its trading alongside supportive trendline for this trend.
This rise is supported by its trading above EMA50, accompanied by the positive signals on the relative strength indicators after forming positive divergence, after reaching exaggerated oversold levels compared by the price move, reinforcing the chances of the recovery in the upcoming period.
The (BTCUSD) price slipped lower in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, surpassing the support of EMA50, ending any opportunity for its recovery in the upcoming period.
The (crude oil) reduced its recent gains, amid its attempts to breach the solid resistance at $59.80, supported by its continuous trading above its EMA50, with its trading alongside minor bullish trendline on the short-term basis, besides the emergence of positive overlapping signals on the relative strength indicators.