Gold recorded fluctuated positive intraday trading recently, attempting to recover part of its previous losses. The metal is seeking to regain some positive momentum after a period of selling pressure that weighed on its performance.

This improvement coincided with a bullish crossover on relative strength indicators, following a period of oversold conditions, reflecting a relative improvement in technical momentum. However, downside pressure remains as gold continues to trade below the EMA50, while the dominant short-term trend remains bearish, limiting the chances of a full recovery and making current gains appear more corrective in nature.

The EURUSD pair rose slightly in recent intraday trading, attempting to recover part of last week’s losses, in attempt to regain positive momentum after a period of selling pressure that weighed on its performance.

At the same time, relative strength indicators have begun showing signs of improvement, with a bullish crossover emerging after reaching oversold levels, supporting the current rebound attempts. However, negative pressure remains due to the pair continuing to trade below EMA50, reinforcing the short-term bearish trend and limiting the likelihood of a meaningful recovery.

Bitcoin (BTCUSD) settles on series of consecutive losses during its recent intraday trading, reaching $60,000 support level, which was an expected target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the dominance of the main bearish trend, noticing the emergence of the negative signals from the relative strength indicators.

Crude oil prices declined during recent intraday trading, to reach $88.70 support level, this support was a potential target in our previous analysis, the bearish trend remains dominant on the short-term basis, with its trading alongside supportive trend line for this path, to surpass EMA50’s support, putting it under negative pressure in the upcoming near period, especially with the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions.