The (crude oil) price declined in its last intraday trading, after reaching our morning expected target at $63.00 resistance, attempting to gain bullish momentum that might help it to breach this resistance, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track.

(Gold) keeps its early gains in fluctuating trading on its last intraday levels, with the stability of its trading above $5,200 for the first time ever, taking advantage of the dynamic support that is represented by its trading above EMA50, with the dominance of the main bullish trend on a short-term basis alongside supportive trend line for this track, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, which might extend the current fluctuation.

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(EURUSD) price kept declining in its last intraday trading, amid the emergence of negative signals from relative strength indicators, looking for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on a short-term basis, especially with its trading alongside supportive minor trend line for this track.

Monero (XMRUSD) price recorded choppy movements leaning toward a slight rise in its latest intraday trading, as the price attempts to recoup part of its previous losses. This comes under the dominance of a short-term corrective downward trend, alongside continued negative pressure from trading below its SMA50, which limits the chances of a sustainable recovery in the near term, especially with the beginning of a negative crossover on the RSI after it reached extremely overbought levels.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $529.70 resistance level remains intact, to target the key support at $416.30.

Today’s price forecast: Bearish