Gold price rose with fluctuated trading in its intraday levels, where it rose at the opening of this week trading with a positive support by the positive signals of the (RSI), after offloading some of its overbought conditions, to test a bearish correctional bias on the short-term basis, facing negative pressure amid its affection by its continuous trading below its EMA50, forcing it to rebound lower to decrease its early gains.
The (EURUSD) price jumped to the upside in its recent intraday trading, affected by the stability of the support at 1.1150, this level represents 50% Fibonacci correction for the last bullish wave (from 1.0730 to 1.1572), providing some of the positive momentum that assisted it to achieve these gains.
This comes due to the trading within a bearish correctional channel on a short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, besides the emergence of the negative signals on the (RSI).
Bitcoin price witnessed calm fluctuated trading, leaning on the support of EMA50, in attempt to gain positive momentum that assists it to recover and rise again, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which decelerates the price rise.
The crude oil price rose in its last intraday trading, taking advantage of the dynamic support in its trading above EMA50, amid the dominance of the bullish correctional trend on the short-term, which assisted its bullish moves.