GBPUSD remains in a sideways range after declining, supported by a short-term ascending trendline and stability above EMA50, while relative strength indicators shows strong oversold levels indicating a positive divergence. We expect a near-term rise if the key 1.3195 support holds, targeting the 1.3265 resistance level.
Bitcoin rose in its last intraday trading after holding above the $85,000 support, which limited the previous bearish wave and allowed some recovery supported by initial positive signals from relative strength indicators.
However, the price remains under technical pressure below EMA50 and along a bearish trend line, making current rises only tests of buyer strength.
Crude oil saw clear fluctuation in recent intraday trading due to negative signals from relative strength indicators after hitting overbought levels. This pressure pushed the price to attempt to regain lost bullish momentum, awaiting a clearer reversal signal for a near-term rise.
Despite this movement, crude oil still gains key support from the short-term double-top formation, increasing recovery chances if the price stays above critical levels, while EMA50 continues offering dynamic support for a bullish outlook.
Gold declined in recent intraday trading, after its stability against the key resistance at $4,225, to return to gather the required bullish momentum for breaching this solid barrier, gold is attempting to offload the clear overbought conditions on the relative strength indicators, especially with the emergence of sequence negative signals, which makes the price takes breath before any new bullish attempt.
Despite this intraday decline, the overall technical image remains supported by the trading above EMA50, providing solid dynamic base to reinforce the recovery in the near-term basis, and the trading besides main and minor tend lines confirms the continuation of the positive scenario.