Gold price evening update - 02-05-2025
Gold price fell in latest intraday trading after testing the downward correctional trend line in the short term, with ongoing negative pressure from trading below the 50-day SMA, while a negative divergence forms in the Stochastic after reaching overbought levels compared to the price’s movement, sending out negative signals.
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EUR/USD price evening update - 02-05-2025
The EUR/USD pair fell in latest intraday trading after retesting the neckline of the negative Head and Shoulders pattern, which is forming in the short term, coinciding with bumping into the resistance of the 50-day SMA, as the Stochastic reached overbought levels, doubling negative pressures on the price.
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Forecast update for Ethereum-02-05-2025
Ethereum price (ETHUSD) declined on the intraday levels, attempting to gains positive momentum that might assist the price to recover and rise again, to succeed in offloading its overbought conditions on the (RSI), amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line, with the continuation of the dynamic support by its trading above the EMA50.
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Forecast update for Bitcoin-02-05-2025
Bitcoin price settled on the upside on its recent intraday levels, attempting to gain positive momentum that might assist the price to breach the current resistance of $97,400, and attempts to offload its clear overbought conditions on the (RSI), with the continuation of its trading above EMA50, and under the domination of the main trend on the short-term basis.
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