Evening update for Gold -20-06-2025
The (Gold) declined in its last intraday trading, after it succeeded in offloading its oversold conditions that was clear on the (RSI), and it’s under negative pressure due to its trading below its EMA50, which forms a dynamic resistance that prevents the price recovery, affected by breaking the bullish trend line on a short-term basis.
Evening update for EURUSD -20-06-2025
The (EURUSD) fluctuated in its last intraday trading, the price attempts to offload some of its clear overbought levels on the (RSI), specially with the emergence of the negative signals on them, noticing forming a negative divergence that increases the negative pressure, taking advantage from the dynamic support that is represented by its trading above its EMA50, and under the bullish trend domination on the short-term basis and its trading alongside a bias line, keeping its positive move.
The (XLMUSD) price settles affected by its current support- today’s forecast-20-06-2025
The (XLMUSD) price settled low in its intraday trading, taking advantage of the stability of the current support at $0.245965, with the emergence of the positive signals on the (RSI),entering exaggerated overbought levels compared by the price move, which suggest the decline of the positive momentum, and the bearish trend is the dominant with its trading alongside a bias line, with the continuation of the negative pressure that comes from its trading below its EMA50, reinforcing the bearish scenario.
Therefore, our forecast suggests a decline in the (XLMUSD) price in its upcoming trading, when breaking the mentioned support at $0.245965, to target its next support at $0.232886.
Today’s forecast: Bearish
The Light Coin (LTCUSD) price reaches the resistance of the simple moving average- today’s forecast-20-06-2025
The (LTCUSD) price rose slightly in its intraday trading, supported by the emergence of the positive signals on the (RSI), in attempt to correct the main bearish trend amid its trading alongside a bias line on the short-term basis, noticing that the indicators have reached overbought levels, which suggest losing the bullish momentum, and its reached the resistance of its EMA50.
Therefore, our forecast suggests a decline in the (LTCUSD) price in its upcoming trading, if the resistance settles at $88.95, to target the critical support level at $81.40.
Today’s forecast: Bearish