(BTCUSD) kept rising during its latest intraday trading, benefiting from its trading above EMA50, which provides dynamic support that reinforces the strength and stability of the bullish trend on the short-term basis.
The price surpassed the resistance level at $64,500. However, confirmation of this breakout still depends on holding firmly above that level, which could pave the way for targeting higher resistance levels in the near term. Positive momentum also remains supportive, with the emergence of positive signals from the relative strength indicators despite reaching overbought levels, which requires monitoring the price behavior when reaching the current resistance level.
Crude Oil rose during its latest intraday trading, testing the key resistance level at $79.00, benefiting from buying momentum after the emergence of a bullish crossover on the relative strength indicators. After easing its overbought conditions, opening the way to extend its rise in the near term.
The price gets extra support from trading above EMA50, which acts as a dynamic support level and reinforces the stability and dominance of the short-term corrective bullish trend, while breaching the $79.00 resistance could open the door for targeting new resistance levels.
Silver settles with cautious gains during its latest intraday trading after rebounding from the key support level at $57.00, which provided technical support and helped the metal recover part of its recent losses.
However, the rebound is facing a key technical test as the price hits a minor bearish trend line, facing resistance at EMA50, making further gains more difficult. At the same time, the relative strength indicators started to generate bearish signals after reaching overbought levels, increasing the risk of renewed selling pressure unless silver manages to breach current resistance levels.
Gold declined during its latest intraday trading after facing strong resistance at EMA50, while testing a main short-term bearish trendline, facing renewed selling pressure that prevented a recovery and allowed sellers to regain control.
The decline was accompanied by the emergence of a bearish crossover on the relative strength indicators after it reached overbought levels, signaling fading bullish momentum and increasing the likelihood of recording new losses unless gold manages to surpass resistance levels and regains positive momentum.