The (GBPUSD) price rose in its last intraday trading, after reaching our yesterday’s target at the critical resistance at 1.3630, duet o the stability of this resistance the price bounced lower in attempt to gain a bullish momentum that might assisted it to breach this resistance, succeeding in offloading some of its clear overbought conditions on the (RSI), reinforcing its bullish track amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line.
The price of Bitcoin (BTCUSD) rose in its recent intraday trading, after it succeeded in offloading its clear overbought condition on (RSI), providing wider space to achieve extra gains, these moves are supported by the return of the positive signals on the technical indicators, reinforcing the current bullish momentum.
The price takes advantage of its dynamic support that comes from its stability above its EAM50, besides its exit from minor bearish channel’s range that confined its move on the short-term basis, these factors reinforce the possibility of the rise continuation, unless strong resistance appears to decelerate this track.
The (crude oil) rose slightly in its last intraday trading, after it leaned on the support line of the main bullish trend line on the short-term basis, gaining some positive momentum and assisted it to achieve slight gains to recover some of yesterday’s losses, accompanied by the emergence of the positive signals on the (RSI), which began offloading the clear oversold condition.
Despite this temporary improvement, it’s difficult to consider it as a beginning for an actual recovery, amid the continuation of the negative pressure that comes from its trading below its EMA50, besides the dominance of the negative momentum on an intraday basis.
The (Gold) price extended its cautious gains in its last intraday trading, after reaching our target at the main support of $3,300 yesterday, this technical interaction with the support level assisted in creating a bullish momentum that pushed the price to achieve gains, accompanied by the emergence of the bullish signals on the (RSI), especially after reaching oversold levels.
This move comes amid the price attempt to offload its oversold condition and recover some of its previous losses, but it remains moving within a bearish correctional wave that dominates the overall trend on the short-term basis, and it trades alongside a bearish bias line, suggesting that the current recovery might remain limited unless it breaches strong technical resistance levels.