The (Gold) price rose in its last intraday trading, after surpassing the negative pressure that comes from EMA50, providing a positive momentum that assisted it to breach a bearish correctional bias that has restricted its move on the short-term basis.

This rise came after offloading the clear overbought conditions on the (RSI), opening the way for the return of the positive signals gradually, which provides bigger space for achieving more of the gains, reinforcing the possibilities for the continuation of the rise in its upcoming moves.

The (EURUSD) declined in its last intraday trading, affected by the continuation of the bearish correctional trend on the short-term basis, and its move alongside a bearish bias line, breaking the key support at 1.1685, which represents the target we mentioned in yesterday’s forecast, indicating the continuation of the selling pressure.

This decline comes due to the downside movements below EMA50, besides the continuation of the negative signals on the (RSI), despite reaching oversold levels, indicating the weakness of the bullish momentum and opens for downside movements on the near-term basis.

The (BTCUSD) rose in the last intraday levels, to reach our morning target at $112,400, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), despite reaching overbought levels.

The (crude oil) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), to lean on the support of the EMA50, in attempt to look for a higher low to take it as a base that assisted it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside a bias line on the short-term basis.