BTCUSD price settles on a decline in its last intraday trading, surpassing the current support at $74,000, this support was an expected target in our previous analysis, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this track, besides the continuation of the negative pressure due to its trading below EMA50, reinforcing the scenarios of deepening its losses on near-term basis.
The price of (crude oil) rose in its last intraday trading as we expected in our morning analysis for today, taking advantage of the continuation of the dynamic pressure that is represented by the its trading above EMA50, reinforcing the stability of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, besides the emergence of positive signals from relative strength indicators.
The price of (silver) extended its strong gains in its last intraday trading, taking advantage of the positive signals from relative strength indicators, to surpass EMA50’s resistance, getting rid of its negative pressure and reinforcing the chances of achieving more gains in the upcoming period, amid the dominance of minor bullish wave on the short-term basis.
The price of gold extended its gains in its last intraday trading, benefiting from the dynamic support that is represented by its trading above EMA50, under the dominance of minor bullish wave on short-term basis, especially with its trading alongside supportive trend line for this track, besides the emergence of positive signals from relative strength indicators, despite reaching overbought levels, which might limit the price ability to extend its gains on near-term basis.