Gold declined in its recent intraday trading, amid natural profit-taking phase after the previous rises, attempting to calm its momentum and gaining new bullish power that might help it to resume the rise, this decline is accompanied by the price attempt to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there.
The bullish overview remains valid on the short-term basis, amid the continuation of the dynamic support that is represented by the trading above EMA50, which reinforces the stability and dominance of the main bullish trend, especially with its trading alongside supportive trend line for this trend.
The (EURUSD) price declined in its last intraday trading, after retesting 1.1700 key resistance, accompanied by reaching the resistance of EMA50, which reinforced the negative pressures, and caused the price to decline after it failed to settle above these levels.
This performance comes amid the trading within bearish corrective channel’s range on the short-term basis, which limits the quick recovery, especially with the emergence of the negative signals from the relative strength indicators after reaching overbought levels, which suggests the continuation of the selling pressures in the near period.
The (BTCUSD) rose in its last trading on the intraday levels, with severe fluctuation attempting to get rid of the negative pressure of EMA50, after offloading its overbought conditions on the relative strength indicators, amid the dominance of the bullish trend on the short-term basis and its trading alongside supportive trend line for this trend.
The (crude oil) price rose in its last intraday trading, recovering after gaining bullish momentum and it succeeded in offloading its overbought conditions on the relative strength indicators, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50.