Gold rose in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, holding above the psychological support of $4,000, providing renewed bullish momentum.

Despite this performance, the price remains under negative pressure due to its trading below EMA50, which reduces the chances of full recovery in the near upcoming period, especially with the dominance of the main bearish trend on the short-term basis.

The EURUSD pair rose higher in its latest intraday trading, surpassing EMA50’s resistance, surpassing its negative pressure and opening the way for extending these gains, especially with its trading alongside bullish corrective trend line that supports this path, besides forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals.

Ethereum Classic (ETCUSD) moved lower in recent intraday trading amid continued negative pressure from trading below its 50-period Simple Moving Average (SMA), reinforcing the strength and stability of the primary short-term bearish trend. Price action also continues to move alongside a descending trendline that supports the current downtrend. In the background, momentum indicators are generating bearish signals after reaching extremely overbought territory, to an extent that appears excessive relative to the cryptocurrency's price movement, further intensifying the downside pressure.

Therefore, our outlook remains bearish for the cryptocurrency's upcoming intraday trading sessions, as long as resistance at $7.10 remains intact. Under this scenario, the next downside target is seen at the important support level of $6.50.

Today's price forecast: Bearish.

Baidu, Inc. (BIDU) surged higher in recent intraday trading after successfully holding above the key support level at $107.50, which had previously been identified as a downside target in our earlier analyses. The stock is attempting to recover part of its recent losses while also easing some of its oversold conditions on momentum indicators. Positive signals have started to emerge from those indicators, supporting the recent rebound. However, the stock remains under the influence of a short-term bearish corrective wave, moving alongside a steep descending trendline that continues to support the downtrend. In the background, negative pressure persists as the stock continues to trade below its 50-day Simple Moving Average (SMA).

Therefore, our outlook remains tilted to the downside for the stock's upcoming trading sessions, particularly if it breaks below the $107.50 support level. A confirmed breakdown could pave the way for a move toward the next support target at $94.50.

Today's price forecast: Bearish.