The price of Bitcoin rose in its recent intraday trading, affected by breaching a main bearish trend line on the short-term basis, with continued positive support due to its trading above EMA50, which represents a dynamic support base that reinforces the chances of extending these gains in the near upcoming period, especially with the emergence of a positive overlapping signals from the relative strength indicators, after offloading its overbought conditions, opening the way for targeting new resistance levels.
Crude Oil reinforces its cautious gains in the last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of sustainable recovery in the near period, on the other hand, we notice the beginning of positive signals emergence on the relative strength indicators, after reaching oversold levels, which might reduce the losses.
Silver settles higher in its latest intraday trading, after reaching the key resistance at $63.00, which represents a potential target in our previous analysis, accompanied by testing a main bearish trend line on the short-term basis, which might put pressure on the price and obstruct the continuation of its rise in the upcoming near period, especially with the emergence of negative overlapping signals from the relative strength indicators, after reaching overbought levels.
Gold keeps its gains by a calm fluctuation in its last trading, attempting to gain bullish momentum that might help it to resume its previous gains, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals from them, affected by positive technical pattern that is represented by the double bottom pattern, with the continuation of the positive pressure due to its trading above EMA50, reinforcing the stability of the bullish corrective trend.