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.

This performance comes after the price successfully broke a short-term descending corrective trend line, alongside continued positive signals from the relative strength indicators, supporting the chances of regaining momentum and resuming the upward move in the near term, especially if current resistance levels are confirmed as broken.

Silver 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.

This movement is accompanied by reaching EMA50’s resistance, which makes this area have technical importance, especially with the effect of breaking bearish corrective trend line previously on the short-term basis, which might limit the strength of the rise unless it manages to breach this resistance and confirms the recovery in the upcoming period.

Gold 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.

Despite this relative recovery, downside pressure persists, especially after the price broke a short-term ascending corrective trend line, in addition to continuing to trade below its EMA50. This limits the strength of the current rebound and reduces the chances of a full recovery in the near term.