Gold prices advanced in its recent intraday trading after finding support at the key $5,000 level, which had been identified as a price target in our previous analysis, providing positive momentum that helped the price achieve those gains, aiming to recover part of its earlier losses. At the same time, gold is attempting to ease its clear oversold condition on the relative strength indicators, with the emergence of positive signals.

This comes as the price remains affected by its earlier break below a short-term ascending trend line, along with continued negative and dynamic pressure due to trading below its EMA50, which limits the chances of a near-term recovery.

Therefore, we suggest a decline in gold price’s upcoming intraday trading, if above $5,200 resistance remains intact, to target $5,000 level.

The expected trading range is between $5,000 support and $5,200 resistance.

Today’s forecast: Bearish

The (EURUSD) price declined in its latest intraday trading after posting a bullish rebound from 1.1530 support, which we had previously identified as a price target. The pair managed to recover part of its previous losses.

This rebound also helped ease part of the oversold condition on the relative strength indicators, restoring technical balance and opening the door to targeting new support levels in the near term, if the main short-term trend remains bearish, making any current upward moves vulnerable to renewed selling pressure.

Accordingly, we suggest a decline in EURUSD’s upcoming intraday trading, if 1.1620 resistance level holds. The pair is expected to retest the mentioned 1.1530 support level, with strong chances of a breakout below it.

The expected trading range is between 1.1500 support and 1.1620 resistance.

Today's forecast: Bearish

The (BTCUSD) price rose on its last intraday levels, due to its leaning on EMA50’s support, gaining some bullish momentum that helped it to achieve these gains, amid the dominance of bullish corrective wave on short-term basis, on the other hand, we notice the emergence of negative signals from relative strength indicators, which might reduce the gains.

The (crude oil) price kept rising on its last intraday trading, after breaching $75.00 resistance, benefiting from the dynamic support that is represented by its trading above EMA50, reinforcing the dominance of the main bullish trend on short-term basis, besides the emergence of the positive signals from relative strength indicators, despite reaching overbought levels.