Gold price rose during its recent intraday trading, benefiting from holding above the support level at 54,700, which was the expected target in our previous report. Which provided a positive push that helped the price recover part of its losses. This move comes alongside an improvement in the relative strength indicators, with positive signals emerging after exiting oversold territory.

Despite this relative recovery, downside pressure persists, especially after the price broke a short-term ascending corrective trend line, in addition to continuing to trade below its EMA50. This limits the strength of the current rebound and reduces the chances of a full recovery in the near term.

The EURUSD pair is experiencing volatility in its recent intraday trading, supported by the stability of 1.1730 support. This level provided a positive push, reflected in the beginning of a bullish crossover on the relative strength indicators after reaching oversold areas, indicating a relative improvement in momentum.

Despite this, downside pressure remains in the short term due to the dominance of a bearish corrective wave, with the price continuing to trade below its EMA50. However, this performance does not cancel the overall bullish trend, as the price is still moving along a supportive trend line, keeping the chances of a renewed rise in the coming period intact.

Bitcoin price witnessed fluctuated trading on the latest intraday levels, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis.

Crude oil prices surged higher in its latest intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, to breach bearish corrective trend line on the short-term basis, in a major step to get rid of the negative pressure, reaching EMA50’s resistance currently, in attempt to recover in the upcoming period.