Bitcoin (BTCUSD) extended its early gains for today, benefiting from the positive support due to its trading above EMA50, which provided dynamic support base that reinforced the dominance and stability of the main bullish trend on the short-term basis, especially with the price moves alongside minor trend line that supports this path, preparing to attack the key resistance at $87,000, supported by the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.
Thanks for your feedback.
Crude oil slipped lower in its last intraday trading, reinforcing the dominance and stability of the bearish corrective trend on the short-term basis, after it failed in breaching the corrective trend line, putting it under negative pressure to surpass EMA50’s support, which intensified the negative momentum, especially with the emergence of the negative signals from the relative strength indicators, after forming negative divergence that increased the intensity of the last decline.
MoreSilver continued its fluctuating trading during recent intraday trading, amid the dominance of the bearish corrective trend on the short-term basis, with the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of full recovery on the near term basis, on the other hand, we notice the emergence of the positive signals from the relative strength indicators, which helped the price to settle against these negative pressures, with these indicators entering overbought levels, which threatens by a negative rebound in the upcoming near period.
MoreGold remains higher in its latest intraday trading, supported by emerging positive signals from the relative strength indicators, allowing the price to recover some of its previous losses. However, the price remains below $4,200 resistance level, signaling that negative pressure continues to surround the price and threatens to reverse these gains and resume the decline, especially as negative pressure persists from trading below the EMA50, which represents dynamic resistance that reinforces the dominance and stability of the main short-term bearish trend, with the price moving along a trend line supporting this path.
More