Gold posted slight gains during its recent intraday trading, but it continues to move along a minor bearish trend line in the short term, reflecting ongoing selling pressure, especially as it remains below EMA50, which limits chances of near-term recovery.

On the other hand, some positive signals started to appear on the relative strength indicators, with a bullish crossover forming after reaching oversold levels. This may help ease the negative pressure and push the price into a phase of sideways consolidation in the coming period, awaiting clearer direction.

The EURUSD pair remains in a slight decline during its recent intraday trading, after encountering EMA50’s resistance, which forced the price to reverse downward after failing to surpass it.

This decline comes alongside continued negative signals from relative strength indicators after reaching overbought levels, reflecting weakening bullish momentum in the short term, with a bearish corrective wave dominating the near-term trend. This could push the price to decline further in the coming period.

Bitcoin (BTCUSD) is deepening its losses in its last intraday trading, to break main bullish trend line on the short-term basis, accompanied by surpassing EMA50’s support, facing intensified negative pressure to change our scenario to the downside, especially with the emergence of the negative signals from the relative strength indicators.

Crude oil prices rose during recent intraday trading, taking advantage of the positive signals from the relative strength indicators, with the continuation of the dynamic pressure that is represented by its trading above EMA50, which provides the renewed positive momentum and keeps the positive track on the short-term basis.