The (Gold) price witnessed fluctuated trading in its last intraday levels, amid its attempts to breach the main resistance level at $3,400, supported by the dominance of minor bullish wave on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals on the (RSI).
Therefore, our expectations suggest a rise in the (Gold) price in its upcoming intraday trading, especially when breaching the mentioned resistance at $3,4000, targeting its next resistance at $3,430.
The expected trading range for today is between $3,360 support and $3,420 resistance.
Today’s forecast: Bullish
The (EURUSD) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels to attack the stubborn resistance level at 1.1670, amid the dominance of strong minor bullish wave on the short-term basis, reinforcing the positive scenario.
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Algorand’s price (ALGOUSD) declined slightly in its latest intraday movement, as it attempts to collect profits after recent gains and work off the clear overbought signals seen in the Stochastic indicator, especially with the emergence of a negative crossover. However, the overall outlook remains supported by trading above the 50-day SMA, along with a short-term bullish technical pattern — the falling wedge.
Therefore we expect the price to rise during upcoming intraday trading, as long as it remains above the support level at $0.2525, targeting the resistance level at $0.2880.
Today’s price forecast: Bullish.
Hedera Hashgraph’s price (HBARUSD) declined slightly in its latest intraday movement, while remaining under the influence of a short-term upward trend and trading along a supportive rising trendline. The price continues to receive positive pressure from holding above the 50-day SMA, with the current dip reflecting profit-taking after earlier gains. Meanwhile, the Relative Strength Index shows the beginning of negative signals, helping the asset shed its overbought status.
Therefore we expect the price to rise during upcoming intraday trading, as long as support remains steady at $0.24571, targeting the resistance level at $0.27904.
Today’s price forecast: Bullish.