Gold rose in recent intraday trading after finding support at its EMA50, which provided an important technical base and helped the price regain some positive momentum while recovering part of yesterday’s losses.

The technical outlook remains under pressure as the main short-term bearish trend continues to dominate. Additional downside risks persist due to negative signals from relative strength indicators after forming a bearish divergence, which may limit further gains and keep the possibility of renewed selling pressure in the near term.

The EURUSD pair recorded notable losses in recent intraday trading, by stronger selling activity and renewed negative signals from relative strength indicators after reaching overbought levels, weakening bullish momentum. 

Selling pressure increased after breaking the support of its EMA50, losing a key dynamic support level that reinforced recovery prospects. This comes as the main short-term bearish trend remains dominant, increasing the chances of moving lower.

Bitcoin (BTCUSD) surged higher during its latest intraday trading, with the price beginning to recover as a positive divergence started to form on the relative strength indicators after reaching deeply oversold levels that appeared exaggerated compared with the actual price movement. Positive signals are now emerging from these indicators, while continued support from trading above its EMA50 is helping to stabilize a short-term corrective bullish wave.

Crude Oil experienced highly volatile trading, during which prices rose to recover part of their previous losses and ease oversold conditions indicated by the relative strength indicators. The price reached the resistance level at $79.00 before reversing lower once again, erasing most of those gains. This comes amid continued negative pressure from trading below its EMA50, while the main short-term trend remains bearish.