Gold price declined in its recent intraday trading within fluctuating movement, attempting to gain bullish momentum to help it recover and resume recording new all-time highs, accompanied by its attempts to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, preferring the continuation of the fluctuation in the upcoming period.
The dynamic support remains valid due to the trading above EMA50, reinforcing the recovery chances on a near-term basis, especially with the dominance of the main bullish trend on the short-term basis and the trading alongside supportive trend line for this trend.
The (EURUSD) price rose in its last intraday trading, preparing to attack the key resistance at 1.1800, taking advantage of the emergence of positive signals from relative strength indicators, after forming positive divergence after reaching exaggerated oversold levels compared to the price move, providing renewed bullish momentum to the pair.
This rise comes amid the continuation of the trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive trend line for this trend.
The (BTCUSD) price fluctuates in a tight range during its last intraday levels, with the continuation of the negative pressure due to its trading below EMA50, with its trading alongside minor bearish trend line on the short-term basis, besides the emergence of negative signals on the relative strength indicators.
The (crude oil) price declined in its last intraday trading, gathering the gains of its previous rises, and it attempts to offload some clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, gathering its bullish momentum which might help it to recover and rise again, amid the dominance of strong bullish corrective wave on the short-term basis.