The price of (Gold) rose in its last intraday trading, attempting to recover some of the previous losses, amid its affection by breaking a bullish trend line on the short-term basis, and there are negative pressure by its trading below EMA50, besides the emergence of the negative signals on the (RSI), after the price success in offloading its oversold levels.
The price of (EURUSD) settled with a rise in its recent intraday levels, supported by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, the (RSI) reach overbought levels exaggeratedly compared to the price move, which might decelerate the upcoming gains temporarily.
The (ETHUSD) price kept moving in limited tight trading range in its last intraday trading, the sideways range dominates the overall trend amid the continuation of the negative pressure that comes from its trading below EMA50, on the other hand, we notice the beginning of positive overlapping signals on the (RSI), after the price success in offloading its overbought conditions, which make the price confused when looking for the upcoming trend.
The (Brent) price declined in its last intraday trading, gathering the gains of its previous rises, and attempts to gain positive momentum that might assist it to recover and rise again, in the same time it attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from them, this comes amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.