BTCUSD’s price settles on a decline in its recent intraday trading, amid its trading below EMA50, forming dynamic resistance that increases the strength of the minor bearish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of negative signals on the relative strength indicators, after offloading its oversold conditions previously.
The price of (crude oil) rose in its last intraday trading, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line, besides the continuation of the positive pressure due to its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, to indicator forming negative divergence, which might obstruct the upside moves on the near-term basis.
The price of (silver) declined in its last intraday trading, gathering its previous rises to attempt to offload some of its clear overbought conditions, especially with the emergence of negative overlapping signals, to gather its bullish momentum to resume its strong gains again, amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-trend.
The price of (Gold) settles on the thresholds of the main resistance at $4,500 preparing to breach it, attempting to gather bullish momentum, at the same time it attempts for offload its overbought conditions on the relative strength indicators, amid the continuation of the dynamic pressure due to its trading above EMA50, with its trading alongside minor bullish trend line on the short-term basis.