The (Gold) price declined in its last intraday trading, after facing solid resistance at the main level of $3,700, to decline again after its previous success in offloading its oversold condition on the relative strength indicators, accompanied by the emergence of negative overlapping signals on the technical indicators, increasing the pressure on the price and opening the way for more of the losses.
However, the price leaned on the support of its EMA50, providing chance to attempt to gain the required bullish momentum to recover and rise again, and the main trend on the short-term basis remains under the dominance of the main bullish trend.
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The (EURUSD) declined in its last intraday trading, after facing strong resistance at 1.1900 level, which represents our expected target in our last forecast, this decline considered as an attempt to look for new rising low might form a base for gaining the required bullish momentum to recover its bullish track.
The main trend remains supported by positive factors, the most important is its trading above EMA50, providing dynamic support that reinforces the stability of the main trend on a short-term basis. The relative strength indicators have reached oversold levels, which might limit the current bearish pressures.
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The (BTCUSD) price declined in its last intraday trading, due to the stability of the critical resistance at $117,000, looking for rising low to take it as a base that might help it to gain the required bullish momentum to attack this resistance, and it attempts to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line.
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The (crude oil) witnessed fluctuated moves on its last intraday levels, with its attempts to gains bullish momentum that might help it to recover and rise again, the price managed to offload some of its overbought conditions on the relative strength indicators, opening the way for achieving new gains, amid its affection by positive technical formation on the short-term basis(double top pattern).
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