Monero (XMRUSD) price resumed its decline in its latest intraday trading after managing to recover part of its previous losses and relieve its oversold condition on the Stochastic indicators, only to once again succumb to the surrounding negative pressures. The foremost of these pressures is its continued trading below its 50-day SMA, which acts as a dynamic resistance limiting the chances of a full recovery in the near term, especially with the dominance of a short-term corrective bearish trend and the price moving alongside a trend line supporting this path.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $375.00 resistance level, targeting the key support level at $344.00.

Today’s price forecast: Bearish.

Bitcoin (BTCUSD) surged higher during its recent intraday movements, recovering all today’s losses, however the price remains stable below the key resistance at $74,000, with a negative and dynamic pressure that comes from its trading below EMA50, with the dominance of the bearish corrective trend on the short-term basis, and the trading alongside supportive trend line for this path, which threatens any quick recovery attempts in the near upcoming period, especially with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels.

Crude oil prices declined during recent intraday trading, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure, despite the emergence of positive overlapping signals on the relative strength indicators after reaching oversold levels, as a clear signals for the price momentum to decline in the upcoming near period.

Gold prices extended its gains during recent intraday trading, affected by breaching bearish corrective trend line on the short-term basis, supported by its continued trading above EMA50, reinforcing the strength of the positive momentum, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, which might reduces the upcoming gains and cause temporary fluctuation.