Forecast update for Bitcoin -28-10-2026

Crude oil continues to hold on to its gains in recent intraday trading, moving in a volatile pattern as it attempts to build the positive momentum needed to break through the pivotal resistance level of $102.00. This comes amid the dominance of the short-term bullish trend, with the price moving alongside a supporting trend line. Additional positive pressure stems from trading above EMA50, strengthening the chances of a breakout in the near term.

Silver declined in its recent intraday trading, approaching a potential break below the pivotal support level of $53.40. This comes amid negative signals from the relative strength indicators after reaching deeply overbought levels, intensifying the negative pressure on the price and reinforcing the dominance of the short-term bearish trend. Additional negative pressure stems from trading below EMA50, reducing the chances of a near-term recovery.

Gold edged slightly higher in its recent intraday trading, while remaining under negative pressure from trading below EMA50, which continues to act as dynamic resistance, reinforcing the likelihood that the short-term bearish trend will remain dominant, particularly as negative signals emerge from the relative strength indicators after reaching deeply overbought levels, increasing the likelihood of a near-term price decline.