Bitcoin (BTCUSD) strengthened its gains during recent intraday trading, supported by its stability above EMA50, which continues to provide dynamic support and reinforces the dominance of the main bullish trend in the short term. The price is also moving along key primary and secondary upward trend lines, reflecting the strength of the current technical structure.
Meanwhile, the relative strength indicators have started to regain positive momentum after exiting overbought conditions, giving the price more room to continue rising and extend its gains in the near term, especially as it maintains stability above current support levels.
Crude oil price declined slightly during its recent intraday trading, as an attempt to gain positive momentum that could help it overcome the negative pressure caused by trading below its EMA50, which still acts as a dynamic resistance against its movement.
MoreSilver rose during its recent intraday trading, supported by the improvement of the momentum by the emergence of positive signals from the relative strength indicators after reaching oversold levels, which pushed the price to recover some of its previous losses, and made the price retest the resistance level at $77.60, indicating the attempt of regaining the balance.
MoreGold price rose during its recent intraday trading, benefiting from holding above the support level at 54,700, which was the expected target in our previous report. Which provided a positive push that helped the price recover part of its losses. This move comes alongside an improvement in the relative strength indicators, with positive signals emerging after exiting oversold territory.
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