BTCUSD price extended its gains in its last intraday trading, breaching $71,500 resistance level, taking advantage of the dynamic support trading above EMA50, under the dominance of the bullish corrective trend on short-term basis, with its trading alongside minor supportive trend line, with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.
The price of (crude oil) declined in its last intraday trading, in attempt to gain bullish momentum that might help it to recover and rise again, attempting to offload of some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, taking advantage of the positive pressure that comes from its trading above EMA50, reinforcing the chances of the price recovery on near period.
The price of (silver) declined in its last trading on the intraday levels, affected by the negative pressure due to its trading below EMA50, which led it to break bullish corrective trend line on short-term basis, intensifying the negative pressure in the upcoming period, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.
The price of gold is experiencing fluctuating trading on its last intraday levels, leaning on $5,100 support level, gaining some bullish momentum that helps it to settle against the negative pressure that comes from its trading below EMA50, affected by breaking minor bullish trend line on short-term basis, attempting to offload its clear oversold levels on the relative strength indicators, especially with the emergence of the positive signals.