Silver extended its gains during its recent intraday trading, attacking the important resistance level of $59.75, benefiting from the positive momentum that followed breaching a minor short-term bearish trendline, alongside its continued trading above EMA50, which continues to provide dynamic support.
Although negative signals have begun to emerge from the relative strength indicators after reaching overbought levels, they have not affected the price performance so far, indicating that bullish momentum remains strong. This reinforces the chances of extending these gains and targeting higher resistance levels in the near term.
Gold extended its gains during its recent intraday trading, attacking the key resistance level of $4,100, supported by its continued trading above EMA50, which has turned into a dynamic support base that reinforces bullish momentum and supports the chances of further gains.
Gold is benefiting from breaching a major short-term bearish trendline, signaling a clear improvement in the technical outlook, alongside continued positive signals from the relative strength indicators, despite reaching overbought levels. Breaching this resistance and holding above it remains the decisive factor for opening the way toward targeting new resistance levels in the coming period.
The EURUSD pair continued its decline during its recent intraday trading, affected by its continued trading below EMA50, which continues to act as dynamic resistance, amid the dominance of the main short-term bearish trend.
Selling pressure has intensified as negative signals emerge from the relative strength indicators, after offloading previous oversold conditions, which brought bearish momentum back and increased the chances of further declines in the near term, unless the pair manages to regain trading above key technical resistance levels.
Bitcoin (BTCUSD) declined slightly in its last intraday trading, in a truce to catch its breath and gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals from them, as it approached from the key resistance of $67,000, which represents an expected target in our previous analysis, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trend line for this path.