The (Gold) price soars high in its last intraday trading, recording historic peaks, supported by strong momentum that indicates the dominance of the main bullish trend on the short-term basis, with the continuation of the trading alongside supportive bias line that reinforces the strength of the track, and its continued stability above EMA50 provides extra support for extending the last gains.
Despite this clear outperformance, the (RSI) indicators have started to send negative signals after entering oversold levels, which might push the price to rise on a near-term basis, and open the way for natural wave of profit taking before regaining the momentum.
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The (EURUSD) continued its rise in its last intraday trading, supported by the repeated positive signals on the (RSI), despite reaching overbought levels that might limit the gains, this rise was supported by the stability of the pair above EMA50, providing solid technical base that supports the continuation of the momentum.
At the same time the trading remains under the dominance of clear bullish trend on the short-term basis, with its trading alongside supportive bias line that reinforces the chances of resuming the rise, despite the overbought signals, the technical data remains supporting the continuation of the bullish track unless strong resistance appears to obstacle this trend.
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The (BTCUSD) rose in its last intraday trading, preparing to attack the critical resistance level at $113,000, supported by its continuous trading above EMA50, with the emergence of the positive signals on the (RSI), under the dominance of the bullish correctional trend on the short-term basis, and its trading alongside supportive bias line for this track.
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The (crude oil) settled low in its last intraday trading, as we expected in our previous report where it was affected by the negative pressure that comes from the stability of the critical resistance at $62.85, amid the continuation of the negative pressure that comes from its trading below EMA50, besides forming negative divergence on the (RSI), after reaching overbought levels, with the beginning of the negative signals from there.
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