Forecast update for Bitcoin -06-11-2026

The crude oil price declined in its recent intraday trading, following the resilience of the $91.00 resistance level, which exposed the price to negative pressure and pushed it lower. This comes amid the dominance of a steep short-term bearish sub-wave, with continued downside pressure resulting from trading below EMA50. Meanwhile, a negative divergence has begun to form on the relative strength indicators, after the indicators reached extremely overbought territory. Negative signals have also started to emerge, increasing the likelihood of deeper losses in the near term.

Silver price edged higher in its recent intraday trading, supported by EMA50, which provided positive momentum and helped the price achieve these gains. This momentum is reinforced by the emerging positive signals from the relative strength indicators, after reaching oversold levels, helping the price extend its gains in the near term, amid the dominance of a short-term bullish corrective wave.

The gold price rose in its recent intraday trading, as a positive divergence began to form on the relative strength indicators, after the indicators had entered deeply oversold territory to an exaggerated extent relative to price action. A positive crossover has also started to emerge, providing the price with positive momentum, while continued support from trading above EMA50 provides dynamic support that strengthens the chances of extending these gains in the near term, amid the dominance of a short-term bullish corrective wave.