Bitcoin’s price kept declining during its last intraday trading, to break our expected target in our previous analysis at $82,00 support, this comes amid the dominance of the main bearish trend on short-term basis, with the trading alongside supportive trend line for the negative track.
The price is under continued technical pressure due to its trading below EMA50, reinforcing the dominance of the bearish trend, accompanied by the emergence of positive signals from relative strength indicators after reaching oversold levels, which may limit the upcoming losses and open the way for fluctuating moves or temporary rebound attempts on an intraday basis.
Crude oil prices declined in their last intraday trading, after the stability of the expected target in our previous analysis at $65.75 key resistance, within corrective move that pushed the price to look for higher low to use it as a base that might help it to regain the bullish momentum and return to rise again.
Attempting to offload its overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, however the main bullish trend remains dominant on short-term basis, with the trading alongside supportive trend line for this path, keeping the recovery chances valid in the upcoming period.
Silver prices (SILVER) declined in their recent intraday trading, in a corrective move that comes despite the continuation of dynamic support represented by trading above EMA50. This support reinforces the stability and dominance of the main short-term bullish trend, especially as price movements continue alongside major and minor bullish trendlines supporting this path.
This pullback is viewed as an attempt to regain positive momentum that may help it resume its rise, with its attempt to offload overbought conditions on relative strength Indicators, which already occurred, with indicators entering extremely oversold zones, opening the way for a return of bullish momentum.
Gold prices (GOLD) declined during recent intraday trading, affected by the emergence of negative signals from relative strength indicators, after reaching overbought levels, accompanied by the price attempt to look for higher low to use it as a base to regain the bullish momentum and return to rise again.
Despite this decline, the price gets strong dynamic support due to its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-tern basis, keeping the chances of the recovery valid in the near period.