BTCUSD’s price declined in its recent intraday trading, with the emergence of the negative signals on the relative strength indicators after reaching overbought levels, gathering bullish momentum that might help it to recover and rise again, amid the dominance of minor bullish wave on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.
The price of (crude oil) witnessed fluctuated trading on its last intraday levels, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside trend line that reinforces the stability of this trend, especially with the dynamic support that is represented by its trading above EMA50, on the other hand, we notice the emergence of the negative signals on the relative strength indicators.
The price of (silver) slipped lower in its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, leaning to the support of EMA50, as a last attempt for looking rising low to use it as a base to help it to gain the required bullish momentum for its recovery and rise again, especially with its trading alongside main bullish trend line on the short-term basis.
The price of (Gold) slipped lower in its recent intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reduces any recovery chance on the near-term basis, amid the dominance of bearish corrective wave on the short-term basis, with the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions previously, opening the way towards recording more losses.