The (NZDUSD) pair’s price rose in its latest intraday trading, attempting to attack the key resistance level at 0.5650, beside the resistance collision with the EMA50, which adds negative pressure, especially with negative signals starting to appear from, the Relative Strength Index (RSI) after reaching heavily overbought levels.
Gold prices (GOLD) continued their rise in recent intraday trading, after its success to surpass the negative pressure from the EMA50 in yesterday’s session, breaching the current resistance level at $3,100, accompanied by positive signals from the Relative Strength Index (RSI), after surpassing some of its overbought conditions, despite its continued upside moves, indicating strong dominance by the buying forces.
Silver (SILVER) has risen in its latest intraday trading, supported by the formation of a positive divergence in the Relative Strength Index indicators, after reaching extremely oversold levels that were exaggerated compared to the price movement. Positive signals have started to appear, allowing the price to successfully break through the current resistance level at $30.80. However, the price is still under negative pressure due to trading below the EMA50, which may limit its upcoming gains.
Crude oil prices declined slightly in their latest intraday trading, as the price gather gains yesterday, attempting to clear some of the overbought conditions indicated by the relative strength index (RSI), especially with the emergence of a negative overlapping. This may help it gather bullish momentum, which might assist the price to gather its positive strength and recover and rise again.