The price of Bitcoin witnessed fluctuating trading during its recent intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, with a dynamic resistance that obstructs the full recovery in the upcoming near period, which represents EMA50’s resistance, on the other hand, we notice the emergence of the positive signals from the relative strength indicators, which helped the price to settle against these pressures temporarily.
Crude Oil settles lower in its last intraday trading, amid the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, noticing the emergence of the negative signals from the relative strength indicators, after forming negative divergence that increased the negative pressure.
Silver witnessed cautious gains in its latest intraday trading, supported by the emergence of the positive signals from the relative strength indicators, attempting to recover some of the previous losses, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, with a negative and dynamic pressure that is represented by its trading below EMA50, which reduces the chances of sustainable recovery in the near-term basis.
Gold rose during its latest intraday sessions, due to stability of the main psychological support level at $4,000, providing positive momentum that helped it to achieve these gains, which targets recovering some previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, we notice the stability of the relative strength indicators in overbought levels, exaggeratedly compared to the price move.