Bitcoin (BTCUSD) price witnessed slight downside moves in its recent intraday trading, due to the stability of the key resistance of $75,500 which was an expected target in our previous analysis, to attempt to gain bullish momentum that might help it to breach this resistance, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, besides the emergence of the positive signals from the relative strength indicators.
Crude oil price declined in its recent intraday trading, approaching the key support level at $86.75, which was an expected target in our morning analysis for today, preparing to break it, amid the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery on the near-term basis, especially with the dominance of the bearish corrective trend on short-term basis, besides the emergence of the negative signals from the relative strength indicators after reaching oversold levels.
Silver price settles higher in its recent intraday trading , taking advantage of the positive signals from the relative strength indicators, after forming positive divergence that helped it achieve these gains, preparing to attack the key resistance at $80.00, supported by its continued trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path.
Gold price is moving within limited range of tight sideways trading during its recent intraday trading, amid its attempts to gain bullish momentum that might help it recover and rise again, to remain stable on bullish corrective trend line on short-term basis, noticing the emergence of positive signals from the relative strength indicators, after reaching oversold levels.