Gold price settled lower in its recent intraday trading, after it found a temporary support at $61.50. which helped it to rest and gain a limited positive momentum, beside the attempts to offload the clear oversold condition that appears clearly on the (RSI).
Despite this intraday stability, the negative pressure remains dominating crude oil, amid its continuous trading alongside a bearish bias line on the short-term basis, besides its stability below its EMA50, the current action shows the cautious between the investors whose waiting for any potential break for the current support levels, which might increase the selling process and complete the bearish wave.
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