Gold declined in its recent intraday trading, moving within sideways range under the pressure of the resistance’s stability at $4,245, increasing the negative pressure on the price after breaking the EMA50’s support, which reinforces the likelihood of extending the decline to look for rising low to form a new recovery base in its upcoming trading.
Despite this intraday weakness, there are positive signals on the relative strength indicators after reaching strong oversold levels to provide a chance for a rebound in the future, especially with the dominance of the bullish trend on the short-term basis and the trading alongside supportive trend line for this trend.
The (EURUSD) price rose in its last intraday trading, taking advantage of the stability of the key support at 1.1630, accompanied by leaning on the EMA50’s support, providing bullish momentum that pushed it to bounce higher quickly, opening the way for new recovery attempts.
This improvement comes with the dominance of minor bullish trend line on the short-term basis, with the continuation of the trading alongside supportive trend line, accompanied by the emergence of positive overlapping signals on the relative strength indicator, reinforcing the chances of extending the bullish wave in the upcoming period.
The (BTCUSD) price declined in its last intraday trading, with the emergence of negative signals on the relative strength indicators, after reaching overbought levels, exhausting its positive chance and leaning on the support of EMA50, amid the dominance of the bullish corrective trend on the short-term basis.
The (crude oil) kept declining in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, breaking minor bullish trend line on the short-term basis, preparing to surpass the support of its EMA50, intensifying the negative pressure on the near-term basis.