GBPUSD declined in its last trading in the intraday trading, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, in attempt to look for higher low to gain bullish momentum to help it recover and rise again, leaning on EMA50’ support, which reinforces the dominance and stability of the bullish track on the short-term basis, especially with its trading alongside trend line. 

Bitcoin’s price declined in its last intraday trading, affected by the stability of the key resistance at $94,000, which represents our expected target in previous analysis, this decline came as a natural profit-taking phase after the last bullish wave, while the price is attempting to regain the required bullish momentum to breach this strong barrier.

Despite this intraday decline, bitcoin keeps key dynamic support with the continuation of its trading above EMA50, accompanied by the emergence of positive signals on the relative strength indicators after surpassing the overbought conditions, and keeps moving within bullish corrective track on the short-term basis, keeping its trading alongside supportive trend line for this trend.

Crude oil settles lower after hitting the key support at $58.20, the expected target in our analysis, as holding above this level provided intraday stability despite increased selling, benefiting from this technical leaning without restoring bullish momentum.

Oil remains under clear negative pressure while trading below EMA50, limiting recovery chances, and affected by a short-term rising wedge pattern that reinforces bearish bias and supports continuation of its downward path.

Gold keeps moving slightly to the upside in its recent intraday trading, taking advantage of its stability above EMA50, keeping the dominant bullish track on a short-term basis and its trading alongside minor trend line that supports this trend. This stability supports the attempt to extend the positive move, depending on the recent bullish momentum.

On the other hand, the relative strength indicators reached clear overbought levels, exaggeratedly compared to the price move, with the beginning of forming negative overlapping signals that might increase the ability to achieve extra gains on the near term-basis, and increase the likelihoods of facing temporary corrective move unless its manages to reinforce the momentum above its current levels.