(BTCUSD) declined during its latest intraday trading, after it failed to surpass the current resistance at $64,500, to enter limited corrective move to look for a new higher low to form support base that might provide the required momentum for resuming the recovery.

the price is leaning on EMA50’s support, which acts as dynamic support amid the dominance of a short term minor bullish wave, and trading alongside supportive trend line, as the relative strength indicators began sending positive signals with the emergence of bullish crossover after reaching oversold levels, which reinforces the chances of recovering the buying momentum in the near upcoming period.

Crude Oil rose slightly in its latest intraday trading, to keep moving within tight sideways range, in attempt to gain the required bullish momentum, with the continuation of the key resistance stability at $79.00 against the breaching attempts.

Despite this fluctuation, the technical scenario prefers the positivity with the continuation of the bullish corrective wave on the short-term basis, besides its trading above EMA50, which represents a dynamic support that reinforces the chances of continuing the rise.

Silver settles on series of consecutive losses in its latest intraday trading, approaching gradually from the key support of $55.00, which represents our last expected target in the previous analysis, with the dominance of the main bearish trend on the short-term basis.

The price moves alongside supportive minor trend line for this bearish trend, accompanied by the trading below EMA50, which acts as a dynamic resistance and limits the chances of sustained recovery in the near period. These factors keep the technical selling pressures valid, where breaking the current support might extend the decline towards lower support levels.

Gold witnessed limited gains in its latest intraday trading, attempting to recover some of its previous losses, accompanied by its attempt to offload the oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals from them, providing limited support for the price.

Despite this improvement, the technical scenario prefers the negativity, with the stability of gold below the psychological barrier at $4,000 and its trading below EMA50, which forms a dynamic resistance that reinforces the strength of the main bearish trend on the short-term basis, where the price keeps moving alongside bearish trend line, keeping the recovery chances limited unless it manages to regain the key technical resistance levels.