Forecast update for Bitcoin -03-11-2026

Crude oil extended its gains in its latest intraday trading, driven by positive signals from the relative strength indicators after reaching deeply oversold levels. This performance reflects an attempt by the price to recover some of its previous losses. However, a steep short-term corrective bearish trend remains dominant, while negative pressure persists from trading below its EMA50, which acts as dynamic resistance and limits the chances of a full recovery in the near term.

Silver extended its losses in its latest intraday trading, amid the dominance of the main short-term bearish trend. The price continues to move alongside a supporting trend line, increasing the likelihood of further declines in the near term. This comes as negative pressure persists from trading below its EMA50, intensifying downside pressure. The relative strength indicators are also generating negative signals, despite reaching deeply oversold levels.

Gold declined in its latest intraday trading, reaching the key support level of $3,900, which was our morning target. This decline comes amid continued negative pressure from trading below its EMA50, reinforcing the dominance and stability of the main short-term downtrend. Meanwhile, the relative strength indicators continue to signal negative momentum, adding to the downside pressure on the price.