Crude oil prices wore green in their recent intraday trading, supported by the positive signals on the relative strength indicators, despite reaching overbought levels, to attack the critical resistance at $61.50 level, in a new attempt to settle and rise towards bullish correctional wave on a short-term basis.
However, the negative pressure remains valid due to its trading below EMA50, reducing the chance of a full recovery, and this leaves any potential gains prone to swift profit-taking before clear confirmation of trend reversal emerges.
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The (Gold) price surged in its last intraday trading, surpassing the critical resistance of $3,900 for the first time in its history, as a signal for the strength of the bullish momentum and the continuation of the buyers dominance of the trading, this rise is supported by its continuous trading above EMA50, forming dynamic support that keeps the stability of the main bullish trend on the short-term basis, and its trading alongside supportive trendline.
Noticing the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, indicating the continuation of the positive momentum on the near-term basis, which reinforces extending its gains on the near-term basis.
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The (EURUSD) price declined in its last trading on an intraday basis, amid the dominance of the bearish corrective trend on the short-term basis and its trading alongside supportive trendline, thus decline comes with the continuation of the negative pressure due to its trading below EMA50, which reduces the recovery chances on the near-term basis.
A negative divergence is forming on the relative strength indicators, after reaching severe overbought levels compared to the price movement, besides the emergence of the negative signals from there, confirming the weakness on the current positive momentum, and increases the possibilities for continuing the decline in the upcoming period.
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Subscribe via TelegramFull VIP signals performance report for Sept 29 – Oct 3, 2025:
According to BestTradingSignal.com, here is the official VIP trading signals performance summary for the week of September 29 – October 3, 2025. The signals covered gold, oil, major forex pairs, the Nasdaq index, and cryptocurrencies such as Ethereum — achieving a strong success rate over the trading week. For more verified signal providers, visit the Trading Signals page on Economies.com.
Winning trades: 13 — Losing trades: 2
Success Rate: 86.7%
Total Profit: +2365 pips in one week
0.01 lot ≈ $236
0.10 lot ≈ $2,365
1.00 lot ≈ $23,650
These figures are illustrative based on the total gain of +2365 pips and may vary depending on broker spreads and trading conditions.