Gold prices are moving in sideways trading in the intraday levels, in an attempt to gather momentum that could push them past the psychological barrier of $3000, while venting off overbought saturation in the RSI.

 Brent crude is currently attacking the key resistance level at $71.18. A breakthrough of this level represents a new positive impulse for the upcoming price action.

This level forms the neckline of a bullish technical pattern on the short-term chart—the double bottom—supported by its continuous trading above the 50-day simple moving average and positive RSI signals, despite reaching overbought territory.

Bullish Scenario:

Our forecast hinges on breaking the $71.18 resistance. If the price manages to break through, it is expected to continue its ascent toward the next resistance level at $73.90.

The positive scenario remains intact as long as the support at $69.50 holds.

Intraday Movement:

Silver's price declined during intraday trading amid a series of negative RSI signals, following an earlier move into overbought territory. This decline appears aimed at locking in profits from previous highs and attempting to build positive momentum for a recovery and renewed upward move.

Market Context:

This development comes despite the dominance of the primary uptrend and the price trading along a short-term trend line, supported by its continuous trading above the 50-day simple moving average.

Outlook:

We expect the price to recover and resume its ascent. However, a retest of the key support level at $33.00 may occur before the price targets the resistance at $34.00 for a renewed upward attack. This bullish scenario remains robust as long as the support at $32.77 holds; a break below this level would likely shift the trend into a short-term downward correction.

Intraday Movement:

Bitcoin's price has slightly retreated in recent intraday trading, relying on support from its 50-period simple moving average.

This move appears aimed at gaining some positive momentum to sustain the ascending corrective wave dominating its short-term trading, supported by a series of positive RSI signals after previously reaching extreme oversold levels.

Outlook:

We anticipate that Bitcoin's price will resume its upward movement in upcoming sessions, provided that the near support at $81,970.00 holds firm.

With this support intact, our price target extends to $87,000.