Bitcoin (BTCUSD) price rose in its recent intraday trading, to breach $75,800 resistance, taking advantage of the dynamic support that is represented by its trading above EMA50, with the dominance of the main bullish trend on short-term basis, with its trading alongside main and minor trend lines for this path, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, attempting to offload this overbought conditions, which reduced the last gains.
Crude oil price rose in its last intraday trading, moving within limited range and supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, on the other hand, the price is under negative and dynamic pressure that is represented by its trading below EMA50, which reinforces the stability and dominance of the bearish corrective trend on short-term basis, especially with its trading alongside supportive trend line for this path.
Silver price witnessed slight gains in its recent intraday trading , amid the dominance of the bullish corrective trend on short-term basis, moving alongside supportive trend line for this track, besides the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the recovery chances on the near-term basis, especially with the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels.
Gold price settles lower during its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, leaning on EMA50’s support, keeping its attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish corrective trend on short-term basis, reinforcing the chances of its recovery in the upcoming near period.