BTCUSD price fluctuated on its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators, to enter exaggerated overbought levels compared to the price move, indicating a beginning of forming negative divergence, which intensifies the negative pressures.
The price of (crude oil) declined in its last trading on intraday basis, amid the emergence of negative signals from relative strength indicators, reaching exaggerated oversold levels compared to the price move, to indicate forming positive divergence, amid the attempts of gaining bullish momentum that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path.
The price of (silver) fluctuates on its last intraday levels, taking advantage of its leaning on EMA50’s support, which helped it to gain the required bullish momentum for breaching $84.00 stubborn resistance, amid the dominance of minor bullish wave on short-term basis, with the emergence of positive overlapping signals from relative strength indicators, after offloading its overbought conditions, opening the way for moving higher on near-term basis.
The price of gold witnessed fluctuating trading on its last intraday levels, attempting to gain bullish momentum that might help it to recover and rise again, amid its trading alongside minor bullish trend line on short-term basis, and there is dynamic pressure due to its trading above EMA50, on the other hand, we notice the emergence of relative strength indicators, which obstructed the rise in the previous period.