Bitcoin’s price slipped lower during its last intraday trading, to break our expected target in our previous analysis at $88,00 support, this comes amid the dominance of the 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 negative signals from relative strength indicators, increasing the likelihoods of the selling pressures continuation on near-term basis.
Crude oil prices kept rising in their last intraday trading, breaching our expected target at $63.00 resistance. This breach comes amid clear dominance of the main bullish trend on short-term basis, with the trading alongside supportive trend line for this trend.
The price is getting continued dynamic support due to its trading above EMA50, accompanied by the emergence of positive signals from relative strength indicators, after offloading overbought conditions, opening the way for extending its gains and achieving this intraday rise.
Silver prices (SILVER) rose during recent intraday trading, breaching an expected target in our previous analysis at $115.00 resistance, recording new all-time highs, this rise comes amid clear dominance for the main bullish trend on short-term basis, with the trading alongside main and minor trend lines that support this trend.
The price is getting advantage of the positive support due to its trading above EMA50, accompanied by the emergence of positive overlapping signals on relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains on near-term basis.
Gold prices (GOLD) surged high during recent intraday trading, to keep recording new record highs, after breaching the expected target in our previous analysis at $5,400 resistance, this strong performance comes amid the main bullish trend on short-term basis, with the trading alongside supportive minor trendline for this track.
Despite the negative signals emerging from relative strength indicators after reaching sharp overbought levels, the price kept its rise as clear signals for the strength of the dominant bullish momentum.