Forecast update for Brent -06-04-2026

Bitcoin (BTCUSD) extended its gains in recent intraday trading, affected by exiting bearish corrective channel’s range that limited its previous trading on short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the bullish scenario in the near upcoming period, especially with the emergence of positive signals from the relative strength indicators, despite reaching overbought levels.

Silver price reinforced its gains in its recent intraday trading, leaning on EMA50’s support that provided renewed bullish momentum that supported achieving these gains, amid a bullish corrective wave that dominates the trend and reinforcing the technical outlook in the short-term basis.

Gold price rose during its recent intraday trading, as it leaned at the bullish corrective trend line support on the short-term basis, which turned the balance of the yellow metal and began the current bullish wave.