Bitcoin (BTCUSD) rose during recent intraday trading, affected by its stability above the key resistance of $71,500, to gain renewed bullish momentum that helped it to face the attempts of the price to decline, which aimed to offload some of its overbought conditions on the relative strength indicators, amid the dominance of minor bullish wave on the short-term basis, as a clear signals for the stability of the bullish trend and targeting new resistance levels.
Crude oil prices declined slightly during recent intraday trading, due to the stability of the key resistance level at $9470, affected by breaking main bullish trend line on short-term basis, making the bearish corrective track dominant on the intraday basis, this track supports the continuation of its trading below EMA50, reducing the chances of the price full recovery on the near-term basis.
Silver struggles to recover in its recent intraday trading, where it moves within limited range of fluctuated trading, preparing to breach the key resistance at $75.85, taking advantage of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of bullish corrective wave on the short-term basis, especially with its trading alongside supportive trend line for this path, offloading some of its clear overbought conditioned on the relative strength indicators, opening the way for targeting new resistance levels in the upcoming period.
Gold experiences fluctuating trading during recent intraday levels, amid its attempts its attempts to gain bullish momentum that might help it to breach $4,800 resistance, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid the dominance of bullish corrective wave on short-term basis, with continued positive pressure due to its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.