Evening update for Gold -22-05-2025

Bitcoin price soared high in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis, and the price settles above $110,00, to record new historical levels, supported by the positive signals on the (RSI), despite reaching overbought levels.

Crude oil price rose in its last intraday trading, attempting to recover its gains, and attempting to offload some of its clear oversold signals on the (RSI), especially with the emergence of the positive signals, amid the continuation of the negative pressure due to its trading below its EMA50.

Algorand’s currency price (ALGOUSDT) extended its gains in the intraday levels, amid the dominance of the upward trend, while the price trades alongside the secondary short-term trend line, with dynamic support due to trading above the 50-day SMA, countered with negative signals from the Stochastic after reaching overbought levels, hindering upcoming gains.