The (GBPUSD) price declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the (RSI), with the emergence of the negative signals from there, gathering its positive strength that might assist it to recover and rise again, to breach the current resistance at 1.3500, and surpassing the negative pressure of the EMA50, to announce its recovery and open the way for achieving mor gains.
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The price of Bitcoin (BTCUSD) slipped lower in its last intraday trading, reaching the critical support level at $112,000, providing bullish momentum and pushing it to settle on an intraday basis, in attempt to recover some of its previous losses, supported by the positive signals on the (RSI), after reaching oversold levels.
The technical overview remains preferring negativity, and the main bearish trend remains valid, and the selling pressures are dominant, the trading remains below EMA50, besides its move alongside a minor bias line that confirms the strength of the bearish track on short-term basis.
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The (crude oil) price declines slightly in the last intraday trading, after facing strong resistance at the critical resistance at $63.75, this decline represents a natural move to gather gains, while the price attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals that might obstacle its recovery on an intraday basis.
Technically, the positive pressure remains the dominant, supported by its stability above the EMA50, affected by positive technical formation on the short-term basis that is represented by the double bottom pattern, reinforcing the possibilities for the bullish momentum return and breaching $63.75 in the upcoming period, unless it kept the current support levels.
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The (Gold) price declined in its last intraday trading, after reaching the current resistance at $3,375, to begin a natural move to gather the gains after its previous rises, despite this decline, the precious metal attempts to gain positive momentum that might assist it to retest this critical resistance on the near-term basis.
Technically, the main bullish trend remains the dominant of the trading, after breaching a bearish correctional bias on the short-term basis previously, the price keeps its dynamic support by its stability above EMA50, accompanied by the continuation of the positive signals on the (RSI), despite entering the overbought levels.
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