Forecast update for Bitcoin -16-09-2026

Crude Oil suffered a series of consecutive losses during its latest intraday trading, following the resilience of the pivotal $101.00 resistance level, alongside the emergence of negative signals from the relative strength indicators after they reached extremely overbought levels. The price is currently attempting to find a higher low that could serve as a base to help it gain the positive momentum needed to resume its recovery, amid continued positive support from trading above EMA50, which reinforces the dominance and stability of the main short-term uptrend, with the price moving along a minor trendline supporting this path.

Silver rose during its latest intraday trading, supported by the resilience of the pivotal $62.60 level, as the price attempts to recover some of its previous losses. This comes amid continued negative pressure stemming from trading below EMA50, which represents dynamic resistance and reinforces the dominance and stability of the short-term bearish corrective trend, with the price moving along a slope line supporting this path. Meanwhile, we note that the relative strength indicators have entered extremely overbought levels, signaling the potential formation of a bearish divergence that could intensify bearish pressure around the price in the coming period.

Gold extended its gains during its latest intraday trading, benefiting from the positive signals emerging from the relative strength indicators, confirming the continued stability of the key support level at $4,300, while the price is now testing the resistance of a short-term bearish corrective trendline. This comes amid continued negative pressure stemming from trading below EMA50, which is acting as dynamic resistance and intensifying the negative pressure around the price, threatening to send these gains lower again in the coming period.