Gold witnesses tight range fluctuated trading in its recent intraday levels, amid its attempts to gain bullish momentum that may help it to breach the solid resistance at $4,225, supported by the continuation of the dynamic support due to its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis.
Gold remains moving alongside supportive trend line for this trend, indicating the stability of the bullish trend until now, and the relative strength indicators enter exaggerated oversold levels compared to the price move, representing supportive base for potential bullish wave if a positive technical motive appears.
The (EURUSD) price declined in its last intraday trading, within natural corrective movement to gather the gains of previous rises, besides the attempts of gaining new momentum to help the price resume the rise, accompanied by the relative strength indicators’ attempts to offload overbought conditions, with the emergence of negative signals, to indicate entering a temporary technical calming phase.
The price remains moving within minor bullish trendline on the short-term basis, indicating the strength and dominance of the bullish trend until now, the trading alongside this line keeps the recovery chances valid, by its stability as it represents a key technical support for the current bullish wave.
Bitcoin advanced slightly in its latest intraday trading after the price successfully relieved part of its overbought saturation on the RSI indicators. It is currently attempting to break the pivotal resistance level of $93,000, supported by its earlier breakout of a main short-term descending trendline and by dynamic backing from trading above the 50-day SMA, which strengthens the likelihood of extending its gains in the coming period.
US crude oil rose in its latest intraday trading, supported by dynamic strength from trading above its 50-day SMA and by its movement alongside a short-term ascending secondary trendline that reinforces this positive trajectory. Additional support comes from positive signals flowing from the RSI indicators.