Crude oil prices extended their sharp losses during the latest intraday trading, reaching the key support level at $81.00, which was a target in our previous analysis. This comes amid the dominance of a short-term bearish corrective trend, with price moving alongside a descending trendline, besides the continued negative pressure is reinforced by trading below EMA50, which increases downside momentum. We also notice ongoing negative signals from relative strength indicators, despite reaching heavily oversold levels.

Gold price surged sharply during its latest intraday trading, confirming a breakout above the key resistance level of $4,800. This move signals strong intent to maintain the short-term bullish corrective trend, especially as price continues to move along a supportive trendline. In addition, the ongoing dynamic support, represented by trading above the EMA50, strengthens the likelihood of continued gains. Meanwhile, relative strength indicators continue to provide positive signals in the background.

The EURUSD pair declined during its latest intraday trading after reaching 1.1850 resistance, which was a target in our previous analysis. The pair is now taking profits from its recent gains while attempting to build positive momentum that could help it resume its strong upward movement. This comes amid continued dominance of the main short-term bullish trend, with ongoing dynamic support represented by trading above EMA50, which enhances the chances of extending gains in the near term.

Dash (DASH/USD) price declined in its latest intraday trading, amid the dominance of a short-term bearish corrective wave. This occurs as negative pressure continues from trading below its 50-day SMA, which limits the chances of a price recovery in the near future. This is particularly evident as a negative crossover begins to appear in the Stochastic indicator after the price managed to ease some of its previous oversold conditions, doubling the negative pressure surrounding the price.

Therefore, we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, as long as resistance at 38.80 remains intact, targeting the first support level at 34.80.

Today’s price forecast: Bearish