Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Forecast update for Bitcoin -12-05-2026

Economies.com
2026-05-12 10:35AM UTC

Bitcoin (BTCUSD) declined in its latest intraday trading, amid the emergence of the negative signals from the relative strength indicators, to lean on EMA50’s support, as a last attempt to find higher low to use it as a base to help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path.

 

 

Forecast update for crude oil -12-05-2026

Economies.com
2026-05-12 10:33AM UTC

 

Crude Oil price surged higher during its latest intraday trading, surpassing the resistance of EMA50, to get rid of its negative pressure as a clear signal for extending these gains on near-term basis, amid the dominance of the bullish trend on the short-term basis, with its trading alongside trend line, with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.

 

 

 

Forecast update for silver-12-05-2026

Economies.com
2026-05-12 10:31AM UTC

 

Silver price slipped lower during its recent intraday trading, as the price moved to take profits from its previous gains and attempt to regain positive momentum that could help it recover and rise again. At the same time, it is also trying to ease its overbought condition on the relative strength indicators, especially with emerging negative signals. This comes amid continued positive pressure from trading above the EMA50, which reinforces the stability and dominance of the main bullish trend in the short term.

 

 

Forecast update for gold -12-05-2026.

Economies.com
2026-05-12 10:28AM UTC

 

Gold declined in its recent intraday trading, amid the emergence of negative signals from the relative strength indicators after reaching overbought levels, to attempt to offload this overbought conditions and gaining bullish momentum that might help it to recover and rise again, amid the dominance of the bullish trend on the short-term basis, with the continuation of the positive and dynamic support that is represented by its trading above EMA50, reinforcing the recovery chances in the upcoming near period.