Gold price declined in its recent intraday trading, amid its attempts to gain bullish momentum that might help it recover again, to enter the range of fluctuating trading, indicating a state of anticipation, especially with the emergence of negative signals on the relative strength indicators, which imposes some intraday pressures on its trading.
The dynamic support that is represented by the trading above EMA50 remains valid, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line, which keeps the chances of a recovery valid in the upcoming period.
The (EURUSD) price recorded slight rise in its last intraday trading, amid fluctuating trading to gain bullish momentum that may help it recover and resume the rise, taking advantage of learning on EMA50’s support, which succeeded in reducing the selling pressures and preventing more downside movements.
Accompanied by the trading alongside minor bullish trend line on the short-term basis, indicating the continuation of the technical support for the bullish track, especially with the emergence of positive overlapping signals on the relative strength indicators after reaching oversold levels, reinforcing the chances of an improvement in the upcoming trading.
The (BTCUSD) price extended its gains in its last intraday trading, offloading its oversold conditions on the relative strength indicators, after reaching oversold levels, hitting the resistance of EMA50 in its last moves, accompanied by testing minor bearish trend line on the short-term basis, increasing the importance of this level as a main resistance that will detect the upcoming trend.
The (crude oil) witnessed fluctuated trading where it increased on its last intraday trading, testing minor bearish trend line on the short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of negative signals on the relative strength indicators, after reaching overbought levels.