The (Gold) price rose in its last intraday trading, taking advantage of its stability above EMA50, providing dynamic support and reinforcing the strength of the bullish trend, besides the trading alongside supportive bias line on the short-term basis, indicating the continuation of the positive dominance on the technical track.
Supported by the (RSI) that showed positive signals recently, after surpassing the oversold levels, which shows that the price is regaining its bullish momentum gradually, reinforcing stability within the main bullish trend.
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The (EURUSD) declined slightly in its last intraday trading, in correctional move to gather yesterday’s gains, to offload the clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals, to indicate losing positive momentum on the near-term basis.
The technical scene remains supported by the trading above EMA50, reinforcing the stability of the positive trend, and the continuation of the trading alongside supportive bias that indicates the continuation of the main bullish track on the short-term basis, even with the limited intraday declines.
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The (BTCUSD) declined in its last intraday trading, in attempt to gain bullish momentum that might help it to recover and rise gain, and attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, amid the dominance of the bullish correctional trend on the short-term basis, and its trading alongside supportive bias line, with the continuation of the positive pressure that comes from its trading above EMA50.
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The (crude oil) kept declining in its last intraday trading, because of negative pressure due to its trading below EMA50, with the emergence of the negative signals on the (RSI), after reaching overbought levels, to break a bullish correctional trend line on the short-term basis.
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