Gold witnessed limited and cautious gains during its recent intraday trading, attempting to recover part of its previous losses, benefiting from selective buying activity that helped the price to settle temporarily.

Despite this improvement, the technical outlook remains negative, amid the continuation of the short-term bearish trend dominance, while prices remain below EMA50, putting negative, and relative strength indicators continue to generate negative signals, pointing to weak bullish momentum and keeping the likelihoods of renewed selling pressure valid in the near term.

The EURUSD pair declined slightly in its latest intraday trading after attempting to recover part of its previous losses, benefiting from leaning on 1.1330 support, which represented our last expected targets.

The pair managed to ease its oversold condition on the relative strength indicators. However, negative pressure returned with the dominance of the main short-term bearish trend, while trading continues below the EMA50, which represents dynamic resistance and limits recovery opportunities, keeping the bearish technical outlook valid, and the pair may face more negative pressure.

Bitcoin is experiencing free fall in its latest intraday trading, to reach the key support at $60,000, which was an expected target in our previous analysis, amid the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, affected by breaking bullish corrective trend line on the short-term basis, suggesting more downside moves in the upcoming near period.

Crude Oil rose in its last intraday trading, due to the stability of the support level at $70.00, which was a price target in our previous analysis, providing some bullish momentum to begin an attempt to offload some of it clear oversold conditions on the relative strength indicators, and recovering part of its previous losses, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of full recovery on the near-term basis.