Gold rose in its recent intraday trading, taking advantage of the dominance of the main bullish trend on short-term basis, where it is moving alongside supported trend line for this trend, accompanied by the emergence of positive overlapping signals on the relative strength indicators after offloading the overbought conditions, opening the way for achieving more gains on a near-term basis.
On the other hand, the price is attempting to get rid of the negative pressure that comes from EMA50, which forms temporary obstacle against extending the rise, to prefer entering intraday fluctuating range before detecting its trend in the upcoming trading.
The (EURUSD) price is experiencing a free fall in its last intraday trading, to confirm breaking key support at 1.1700, which represents our expected target in our previous analysis, amid the dominance of bearish corrective wave on short-term basis, indicating increasing selling pressure.
The negative performance is reinforced by the trading below EMA50, which puts extra dynamic pressure on the price, besides the emergence of the negative signals on the relative strength indicators, preferring the continuation of the bearish track in the near period unless reversal technical signals appear.
The (BTCUSD) price declined in its last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of the sideways trend on the intraday basis, leaning on its EMA50’s support, accompanied by the emergence of the positive signals on the relative strength indicators.
The (crude oil) price declined in its last trading on the intraday levels, amid the emergence of the negative signals on the relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of bullish corrective wave on the short-term basis and its trading above EMA50, reinforcing the chances for recovery in the upcoming period.