Evening update for Gold -02-07-2025
The (Gold) rose slightly in its last intraday trading, with the beginning of positive signals emergence on the (RSI), after the price success in its previous trading in offloading its overbought conditions, opening the way for moving higher, especially with the continuation of the dynamic support that is represented by its trading above its EMA50, affected by its exit from bearish correctional channel’s range that limited its previous trading on the short-term basis.
Evening update for EURUSD -02-07-2025
The (EURUSD) rose in its last intraday trading, affected by the stability of the support level at 1.1745, providing some positive momentum with the beginning of positive overlapping signals on the (RSI), after reaching exaggerated oversold levels compared to the price move, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
KILT price tries to recoup some losses - Analysis - 02-07-2025
KILT’s currency price (KILTUSD) rose in latest intraday trading, as the price attempts to recover part of its previous losses, while also trying to vent off some of its oversold saturation on the Stochastic, especially with positive signals starting to emerge. However, ongoing negative pressure remains due to trading below the 50-period SMA, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line.
Therefore we expect the currency to decline in upcoming intraday trading, as long as the resistance of $0.02493 holds on, targeting the support level of $0.01130.
Today’s price forecast: Bearish
IOTA price bumps into SMA resistance - Analysos - 02-07-2025
IOTA’s currency price (IOTAUSDT) rose in latest intraday trading, supported by positive signals from the Stochastic after reaching **extremely oversold** levels, as it attempts to vent off that saturation. However, the price was met with resistance at the 50-period SMA, amid the dominance of the main downward trend and trading alongside a short-term descending trend line — which adds to the negative pressure on the price.
Therefore we expect the currency to decline in upcoming intraday trading, as long as the resistance of 0.1647 holds on, targeting the pivotal support of 0.1393.
Today’s price forecast: Bearish