Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Forecast update for Bitcoin -02-06-2026

Economies.com
2026-06-02 10:48AM UTC

Bitcoin price (BTCUSD) deepened its losses during its recent intraday trading, to break $70,000 support level, which represented an expected target in our previous analysis, amid the dominance of the main bearish trend with its trading alongside minor supportive trend line for this path in the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

 

 

Forecast update for crude oil -02-06-2026

Economies.com
2026-06-02 10:45AM UTC

Crude oil price settles with series of consecutive losses in its recent intraday trading, amid the dominance of minor bearish wave on the short-term basis, with the price movement alongside supportive trend line for this path, with continued dynamic and negative pressure due to its trading below EMA50, which reduces the chances of its recovery on the near-term basis, with the emergence of the negative signals on the relative strength indicators.

 

 

Forecast update for silver-02-06-2026

Economies.com
2026-06-02 10:42AM UTC

 

Silver price settles on strong gains in its recent intraday trading, getting rid of the negative pressure of EMA50, reinforcing the chances of extending these gains in the upcoming near period, especially with breaching its current resistance, with the emergence of the positive signals from the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, besides the dominance of minor bullish wave on the short-term basis.

 

 

Forecast update for Gold -02-06-2026

Economies.com
2026-06-02 10:40AM UTC

 

Gold price extended its gains in its recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators, to breach the resistance level at $4,500, accompanied by surpassing EMA50’s resistance, getting rid of its negative pressure as a clear signal for the strength of the bullish momentum, despite the dominance of the main bearish trend and the continuation of its trading alongside supportive trend line for this path.