The (GBPUSD) price settled with slight rise in its last intraday trading, amid its affection by breaking a bullish correctional trend line on the short-term basis, after it declined due to the stability of the key resistance at 1.3475, to attempt to recover some of its losses, and offloading some of its oversold conditions on the (RSI), accompanied by the continuation of the positive pressure that comes from its trading above EMA50.
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The price of Bitcoin (BTCUSD) rose in its last intraday trading, after its rebound from the support level at $118,000, where the stability of this support assisted to reinforce the positive momentum and pushed the price to achieve these gains, amid the continuation of the main bullish trend dominance, and the trading alongside a supportive minor bias line, indicating the strength of the current technical track.
Bitcoin price kept a positive pressure that comes from its stability above its EMA50, besides the reach of (RSI) to oversold levels, reinforcing the possibilities for the continuation of the recovery on the short-term basis unless facing sudden selling pressures.
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The (crude oil) price settled with cautious gains in its last intraday trading, supported by the emergence of positive signals on the (RSI), to retest the critical resistance at $63.75, accompanied by hitting minor bearish trend line on the short-term basis, monitoring the price movement.
Despite the intraday technical support, the negative pressure remains valid with the continuation of the trading below EMA50, besides the reach of (RSI) to overbought levels, which may confine the prices’ ability to resume the rise unless they breached critical resistance levels.
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The (Gold) rose in its last intraday trading, in attempt to recover some of its previous losses, taking advantage of offloading the clear oversold conditions on the (RSI), especially with the emergence of positive overlapping signals that support the rebound attempts.
Despite this intraday improvement, the precious metal remains under negative pressure after breaking minor bullish trend line on the short-term basis, and the continuation of the trading below EMA50 reinforces the continuation of the selling pressures and limits the chances of the rise continuation, unless they regain key technical levels.
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