The (GBPUSD) price kept rising in its recent intraday trading, breaching the key resistance at 1.3215, providing renewed bullish momentum that helped it to extend its intraday gains, amid the continuation of the positive support due to its trading above EMA50, and under the dominance of the bullish corrective trend on the short-term basis, besides the emergence of the relative strength indicators, despite reaching overbought levels.

Bitcoin (BTCUSD) surged higher in its last intraday trading, breaching the key resistance at $88,000, accompanied by surpassing the resistance of EMA50, which helped it to get rid of the negative pressure that constrained its trading in the previous sessions, this rise was supported by the positive signals on the relative strength indicators, despite reaching overbought levels.

The price continues its trading within bullish corrective wave on the short-term basis, keeping its trading alongside supportive trend line for this track, providing extra momentum that might help it to expand its gains on the near-term basis.

Crude oil reinforced its gains in its recent intraday trading, taking advantage of the positive signals on the relative strength indicators, providing extra bullish momentum, this intraday rise let the price breach minor bearish trend line on the short-term basis, which considered a key technical breach that eases the previous pressures and paves the way for wider range bullish attempts.

Despite this improvement, the price remains under clear negative pressure that comes from trading below EMA50, limiting the ability to full recovery on near-term basis.

Gold slipped slightly in recent intraday trading in a move that looks more like a pause than a reversal, as it seeks new momentum that could support a renewed rise. This fluctuation pushed the metal into a narrow sideways range, while its stability above the 50-period SMA continues to support the overall bullish trend.

Gold also remains influenced by a short-term upward wave, trading near a supportive minor trendline that strengthens chances of regaining buying momentum. A new positive RSI crossover is appearing, offering an early signal that the price may recover momentum and head higher.

Accordingly, we expect gold to rise in upcoming intraday movements as long as $4,100 holds, targeting the key resistance at $4,225.

The expected trading range is between $4,100 support and $4,225 resistance.

Today’s forecast: Bullish