The (crude oil) price extended its gains in its last intraday trading, breaching $57.70 resistance, which represents our expected target, supported by its trading alongside bullish corrective trend line on the short-term basis, with the continuation of the positive pressure of EMA50, besides the emergence of the positive signals from the relative strength indicators.

(Gold) slipped lower in the last intraday trading, breaking minor bullish trend line on the short-term basis, surpassing its EMA50’s support, intensifying the negative pressure on its upcoming trading, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, which might reduce the losses temporarily.

The (EURUSD) rose in fluctuating trading on its last intraday levels, supported by the emergence of positive signals on relative strength indicators, with the continuation of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis.

Monero (XMRUSD) declined in its latest intraday trading, amid continued negative pressure as the price trades below its 50-period SMA, accompanied by negative signals from the RSI. This move pushed the price to break the key support at 441.70, which represents the neckline of a short-term negative chart formation — the double top pattern — increasing bearish pressure around the price in the intraday term.

Therefore we expect the cryptocurrency price to decline further in the upcoming intraday trading, especially as long as it remains below 441.70, to target the support level at 423.70 as the projected target of the double top pattern.

Today’s price forecast: Bearish