Gold slipped slightly in recent intraday trading in a move that looks more like a pause than a reversal, as it seeks new momentum that could support a renewed rise. This fluctuation pushed the metal into a narrow sideways range, while its stability above the 50-period SMA continues to support the overall bullish trend.

Gold also remains influenced by a short-term upward wave, trading near a supportive minor trendline that strengthens chances of regaining buying momentum. A new positive RSI crossover is appearing, offering an early signal that the price may recover momentum and head higher.

Accordingly, we expect gold to rise in upcoming intraday movements as long as $4,100 holds, targeting the key resistance at $4,225.

The expected trading range is between $4,100 support and $4,225 resistance.

Today’s forecast: Bullish

The (EURUSD) price continued its rise in its last intraday trading, attacking 1.1605 resistance, which represents our potential target in our previous analysis, this momentum is supported by the trading above EMA50, representing the dynamic support that reinforces the stability of bullish trading.

Accompanied by the emergence of the positive signals on the relative strength indicators, indicating an improvement in buying appetite on the near-term basis, besides the dominance of bullish corrective wave on the short-term basis, raising the possibilities of extending the gains towards new resistance levels.

The (BTCUSD) price fluctuated on its recent intraday levels, amid the dominance of bullish corrective wave on the intraday basis, attempting to gain bullish momentum that might help it breach the critical resistance at $88,000, accompanied by surpassing the negative pressure of the EMA50, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, to settle in confused trading zone to look for its upcoming trend.

The (crude oil) settled lower in its last intraday trading, amid its trading alongside minor bearish trend line on a steep short-term basis, indicating the dominance and strength of this trend, especially with its stability below $58.25, besides the emergence of the negative signals on the relative strength indicators.