Bitcoin (BTCUSD) Maintains Its Recent Winning Streak – Analysis –05-11-2026

Crude oil extended its sharp losses in its latest intraday trading after breaking below the $91.00 support level, which represented our final price target in previous analysis. The decline subsequently brought the price down to the pivotal support level at $86.50, amid the dominance of a steep short-term bearish wave, alongside continued negative pressure as the price trades below EMA50.

Silver rose in its latest intraday trading, benefiting from a positive technical pattern that formed on the short term, namely a Double Bottom pattern. The price also broke above EMA50’s resistance, eliminating the negative pressure and paving the way for further gains in the near term.

Gold extended its gains sharply in its latest intraday trading, breaking above the $4,100 resistance level, which had represented our final price target in previous analyses. This follows an earlier breakout from a minor descending channel that had constrained the metal's previous short-term movements. Gold also continues to benefit from positive pressure as it trades above EMA50, reinforcing the chances of extending its gains in the near term.