Gold prices declined in their recent trading on the intraday basis, after reaching EMA50’s resistance, to suffer renewed selling pressures that limited the recovery attempts, accompanied by forming negative divergence on relative strength indicators, after reaching severe overbought levels compared to the price move, with the emergence of negative signals from there.

Amid the continuation of the bearish corrective trend dominance on short-term basis, the technical outlook prefers more pressure unless surpassing the EMA50 and holding above it, trading below this key level supports the bearish scenario and keeps the possibilities of targeting lower levels in the upcoming period.

The (EURUSD) price settles near its lowest intraday trading, after a series of consecutive losses that led it to approach the expected target that we mentioned in our previous reports, to begin cautious attempts to offload its oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals that indicates the likelihoods of limited technical rebound on short-term basis.

Despite these corrective attempts, the price remains under clear negative pressure due to its stability below EMA50, reinforcing the continuation of the dominant bearish corrective trend on short-term basis, especially with its trading alongside supportive trend line for this path.

The (BTCUSD) price continues its fluctuating trading on its last intraday levels, with the emergence of negative signals from relative strength indicators, under the dominance of the main bearish trend on short-term basis, and the price is under negative pressure due to its trading below EMA50, reinforcing the likelihoods of the price decline on near-term basis.

The (crude oil) price surged higher in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, surpassing the resistance of EMA50, to surpass its negative pressure to turn our bearish scenario into bullish scenario, with the dominance of the main bullish trend on short-term basis.