The (Gold) price declined in its last intraday trading amid fluctuated trading, where it reached our previous target at $3,250 support level in the beginning of this week, this decline let the price gain some positive momentum, which assisted it to rebound higher and shrink big part of its early losses.

This rebound reinforces the beginning of forming positive divergence on the (RSI), with the emergence of the positive signals, however the overall technical overview remains affected by the negative pressure, amid the continuation of the bearish correctional trend dominance on the short-term basis, which moves alongside a bearish bias line.

Therefore, our expectations suggest a rise on the (Gold) prices in the upcoming intraday trading, conditioned by the stability of the support at $3,250, to target retesting the main resistance at $3,300.

The expected trading range is between $3,220 support and $3,320 resistance.

Today’s forecast: Bullish

The (EURUSD) rose in its last intraday trading, approaching from the key resistance at 11745, attempting to breach it, supported by the dominance of the main bullish trend on the short-term, and its trading alongside a bullish bias line, showing the dominant positive momentum in the last period.

The continuation of the dynamic support that comes from the stability of the price above its EMA50 reinforces the potential rise, accompanied by the beginning of forming a positive divergence on the (RSI), after reaching exaggerated oversold levels, which supports the positive overview and keeps the possibilities for breaching the mentioned resistance.

Therefore, our expectations for the (EURUSD) suggest a rise on the intraday levels, conditioned by breaching the resistance at 1.1745, to target the next resistance level at 1.1815.

The expected trading range is between 1.1650 support and 1.1815 resistance.

Today’s forecast: Bullish

The (BTCUSD) witnessed fluctuated trading in its last intraday trading, amid its attempts to gain bullish momentum that might assist it to recover and rise again, amid its affection by the exit from bearish correctional channel’s range that limited its trading on the short-term basis, with the continuation of the positive pressure due to its trading on the short-term basis, with the continuation of the positive pressure due to its trading above EMA50.

The (crude oil) declined slightly in its last intraday trading, amid forming negative technical pattern that complete the bearish correctional trend on the short-term basis (the flag pattern), this decline comes after the (RSI) reach exaggerated overbought levels compared by the price move, which increases the negative pressure on the upcoming trading.