Bitcoin (BTCUSD) price rose during its latest intraday trading, due to the stability of the support level at $69,000, which had previously been a price target in our earlier analysis. Providing positive momentum, allowing it to recover part of its previous losses. The price managed to ease oversold conditions on the relative strength indicators.

However, negative pressures remain due to trading below EMA50, limiting the chances of a sustained recovery in the near term. Due to the effect of exiting a short-term bullish channel, which weakens positive momentum and increases the likelihood of continued volatility or further negative pressure in the coming period.

Therefore, we expect a decline in Bitcoin price in the upcoming intraday trading, if the resistance settles at $71,500, targeting the mentioned support at $69,000.

Expected trading range is bewteen$69,000 support and $71,500 resistance.

Today’s forecast: Bearish

Crude Oil prices settle lower during their latest intraday trading, stabilizing at the support of EMA50. This comes as an attempt to gain positive momentum that could support a recovery and a return to upward movement. This occurs amid the continued dominance of the main bullish trend in the short term, with the price moving along a supporting trendline, which enhances the chances of regaining positive momentum in the coming period.

In the background, we notice that the relative strength indicators has reached sharply oversold levels compared to price movement, which may support the likelihood of a bullish rebound in the near term.

Based on this, our outlook leans toward a rise in crude oil prices in the upcoming intraday trading, conditioned by the stability of $92.00 support, targeting the resistance level at $100.00.

The expected trading range for today is between $90.00 support and $100.00 resistance.

Today’s forecast: Bullish

Silver prices declined slightly during their latest intraday trading, amid the continued dominance of the main downward trend in the short term, with price movements aligned along a supporting trendline for this bearish path.

The price is also facing increasing negative pressure as it trades below EMA50, which intensifies the surrounding pressure. This coincides with the relative strength indicators entering heavily overbought territory compared to price movement, signaling a rapid loss of positive momentum and warning of a potential end to the limited gains recently recorded.

Based on the above, our outlook suggests that silver prices may decline in the upcoming intraday trading, as long as the resistance level at $77.85 holds, targeting the support level at $67.00.

The expected trading range for today is between $67.00 support and $77.85 resistance.

Today’s forecast: Bearish

Gold rose in its recent intraday trading due to the stability of the support level at $4,600, which represented another target in our previous analysis, gaining bullish momentum that helped it to achieve these gains, to recover some of its previous losses, accompanied by its attempts to offload the oversold levels on the relative strength indicators, especially with the emergence of positive signals from them.

Despite the negative pressure due to the trading below EMA50, which reinforces the dominance and stability of the bearish trend on short-term basis and limits the chances of full recovery in the near period.

Therefore, we suggest a decline in gold during upcoming intraday trading, if $4,800 resistance level remains stable, targeting the support level at $4,600.

The expected trading range is between $4,600 support and $4,800 resistance.

Today’s forecast: bearish