gold price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, besides the emergence of the negative signals from the relative strength indicators, intensifying the negative pressure on the price.
(EURUSD) prices deepened its losses in their last intraday trading, to lean on EMA50, accompanied by its stability on the support of bullish corrective channel that limits its previous trading on the short-term basis, as a last attempt to gain bullish momentum that might help it to recover and rise again, this scenario is supported by positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from them.
Ethereum price (ETHUSD) moved lower during its recent intraday trading, deepening its early losses for the day after failing to overcome the negative pressure from EMA50. This led to a break below the key support level at $2,100, signaling a clear intention for further downside, especially with continued negative signals from the relative strength indicators.
Brent crude oil (Brent) moved higher in its recent intraday trading, retesting the key resistance level at $100.80. This level represents the neckline of a previously formed bearish pattern (double top) on the short-term timeframe.
This move comes as the price also faces resistance from EMA50, increasing negative pressure and signaling a potential bearish reversal, especially with early signs of a negative crossover on the relative strength indicators after reaching heavily overbought levels.