Bitcoin price settled lower during recent intraday trading, amid the emergence of the negative signals from the relative strength indicators after forming negative divergence after reaching exaggerated overbought levels compared to the price move, with the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the stability and dominance of the bearish corrective trend on the short-term basis.
Crude Oil price declined during its recent intraday trading, after offloading some of its oversold levels on the relative strength indicators, opening the way for recording more downside moves in the upcoming near period, affected by its exit from minor bullish channel’s range on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the price.
Silver price declined during its recent intraday trading, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which obstructed the previous attempts, especially with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, with the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path.
Gold price is experiencing mixed trading on the intraday levels, taking advantage of the upcoming positive momentum that comes from the stability of the main support at $4,500, with negative pressure that forces the price to keep the bearish scenario until now, represented by the dominance of the bearish trend on short-term basis, with the continuation of the negative pressure that comes from the trading below EMA50, which reduces the chances of the price recovery in the near-term basis, with the emergence of the negative signals from the relative strength indicators, after forming negative divergence.