Crude oil continued its gains during its recent intraday trading, approaching a test of the key resistance level of $85.50, which was our latest price target in previous analysis, supported by continued buying momentum and an improvement in the short-term technical performance.

The positive outlook remains supported by the price continuing to trade above EMA50, which continues to act as dynamic support, alongside positive signals from the relative strength indicators, reinforcing the stability of the bullish corrective trend, while breaching this resistance and holding above it remains a crucial factor in opening the way toward targeting new resistance levels in the coming period.

Silver extended its gains during its recent intraday trading, attacking the important resistance level of $59.75, benefiting from the positive momentum that followed breaching a minor short-term bearish trendline, alongside its continued trading above EMA50, which continues to provide dynamic support.

Although negative signals have begun to emerge from the relative strength indicators after reaching overbought levels, they have not affected the price performance so far, indicating that bullish momentum remains strong. This reinforces the chances of extending these gains and targeting higher resistance levels in the near term.

Gold extended its gains during its recent intraday trading, attacking the key resistance level of $4,100, supported by its continued trading above EMA50, which has turned into a dynamic support base that reinforces bullish momentum and supports the chances of further gains.

Gold is benefiting from breaching a major short-term bearish trendline, signaling a clear improvement in the technical outlook, alongside continued positive signals from the relative strength indicators, despite reaching overbought levels. Breaching this resistance and holding above it remains the decisive factor for opening the way toward targeting new resistance levels in the coming period.

The EURUSD pair continued its decline during its recent intraday trading, affected by its continued trading below EMA50, which continues to act as dynamic resistance, amid the dominance of the main short-term bearish trend.

Selling pressure has intensified as negative signals emerge from the relative strength indicators, after offloading previous oversold conditions, which brought bearish momentum back and increased the chances of further declines in the near term, unless the pair manages to regain trading above key technical resistance levels.