Bitcoin’s price declined in its last intraday trading, after the stability of $71,500 key resistance, which stopped the rising attempts, to keep the price under continued negative pressure within its trading below EMA50, which reinforces the continuation and dominance of the main bearish trend on short-term basis.

The relative strength indicators began to send new negative signals after reaching exaggerated overbought levels, and there are signals for forming negative divergence, which might open the way for more downside moves in the near period.

Therefore, we suggest a decline in BTCUSD in its upcoming intraday trading, if the resistance settles at $71,500 to target the initial support levels at $67,000.

Expected trading range is bewteen$67,000 support and $75,000 resistance.

Today’s forecast: Bearish

Crude oil prices declined in their last intraday trading, reaching below EMA50, as a signal that adds negative pressure on its current trading, and it might pave the way for breaking main bullish trend.

Accompanied by the emergence of negative signals from relative strength indicators, after offloading the oversold conditions, opening the way to continue the decline and record extra losses on near-term basis.

Therefore, we expect crude oil to decline in upcoming intraday trading, especially if it settles below $63.50, to target $61.50 initial support.

The expected trading range for today is between $61.50 support and $65.00 resistance.

Today’s forecast: Neutral

Silver prices (SILVER) surged higher in their recent intraday trading, breaching steep bearish trend line on short-term basis, providing a chance for extending the rises in the near period, especially with the stability of $73.00 key support.

On the other hand, the negative pressures remain valid due to the trading below EMA50, accompanied by forming negative divergence by the relative strength indicators after reaching exaggerated overbought levels compared to the price move, with the emergence of negative overlapping signals that reinforces the likelihoods of the bullish momentum slowness.

Accordingly, we suggest a decline in sliver’s upcoming intraday trading, especially if $86.00 resistance settles, and there are strong chances for retesting this resistance, if it declines, our initial target will be $73.00 support.

The expected trading range is between $73.00 support and $86.00 resistance.

Today’s forecast: Neutral

Gold prices rose in recent intraday trading, retesting the key psychological resistance at $5,000, accompanied by reaching EMA50’s resistance, which reinforces the strength of this area and gives it significant technical weight to determine the next trend.

Noticing negative overlapping signals on relative strength indicators after reaching exaggerated overbought levels compared to the price move, opening the way for forming negative divergence that might increase the negative pressures in the upcoming period.

Therefore, we suggest a decline in gold prices' upcoming intraday trading, if $5,000 resistance settles to target $4,800 support. 

The expected trading range is between $4,800 support and $5,100 resistance.

Today’s forecast: Bearish