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Forecast update for Bitcoin -08-04-2026
Bitcoin (BTCUSD) declined slightly during recent intraday trading, due to the firmness of the key resistance level at $71,500. The price is attempting to take profits from its previous gains and gather positive momentum that may help it break through this resistance.
In addition, a negative crossover appeared on the relative strength indicators after reaching heavily overbought levels, prompting the price to ease some of this overbought condition. Amid the dominance of a minor short-term bullish trend still dominates, with continued positive pressure from trading above EMA50, reinforcing the chances of a near-term recovery.
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Forecast update for crude oil -08-04-2026
Crude oil prices deepened their losses during recent intraday trading, affected by breaking a main short-term bullish trendline earlier today, alongside with negative pressure from trading below EMA50.
MoreForecast update for silver -08-04-2026
Silver declined slightly during its recent intraday trading, as part of a brief pause to catch its breath, during which the price is taking profits. It is also attempting to gain positive momentum that may help it recover and rise again. At the same time, it is working to ease its clear overbought condition indicated by the relative strength indicators, especially with the beginning of a negative crossover, which may give it more room to extend its earlier gains later.
MoreForecast update for gold -08-04-2026.
Gold declined during recent intraday trading, affected by the firmness of the key resistance level at $4,800. The price is taking profits from previous gains and attempting to build positive momentum that may help it break through this resistance. At the same time, it is trying to ease its clear overbought condition shown by the relative strength indicators, especially with the beginning of a negative crossover appearing on it.
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